Securities and Exchange Commission
Washington, DC 20549
Form 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 3, 1997
Sterling Financial Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania 0-16276 23-2449551
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
101 North Pointe Boulevard, Lancaster, Pennsylvania 17601-4133
(Address of principal executive offices) (Zip Code)
Registrant's Telephone number, including area code (717) 581-6030
N/A
(Former name or former address, if changed since last report)
ITEM 5 - OTHER EVENTS.
On June 3, 1997, the Registrant issued a press release
announcing a plan to repurchase up to 140,000 shares of the Registrant's
outstanding common stock, par value $5.00 per share, which press release is
attached as Exhibit 99 hereto and incorporated herein by reference.
ITEM 7 - FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
99 Press Release, of Registrant, dated June 3, 1997,
re: Repurchase Program
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Sterling Financial Corporation
(Registrant)
By: /s/ John E. Stefan
John E. Stefan, Chairman of the Board,
President and Chief Executive Officer
By:/s/ Ronald L. Bowman
Ronald L. Bowman, Vice President
and Secretary
DATE June 11, 1997
EXHIBIT INDEX
Page Number
in Manually
Exhibit Signed Original
99 Press Release, dated June 3, 1997, of
Registrant re: Repurchase Program. 5
EXHIBIT 99
PRESS RELEASE
The Board of Directors of Sterling Financial Corporation is
pleased to announce the approval of a plan to purchase, in open
market transactions, up to 140,000 shares of its outstanding
common stock. In announcing the plan, John E. Stefan, Chairman
of the Board, President and Chief Executive Officer of
Sterling Financial Corporation, stated that the Board of
Directors believes the opportunity to purchase Sterling's common
stock represents an attractive opportunity to increase value
for the Company and its shareholders. The purchases are
expected to be funded by using available capital.
Sterling Financial Corporation is the parent bank holding
company of Bank of Lancaster County, N.A. Bank of Lancaster
County has 29 banking locations in addition to the
bank's wholly owned subsidiary, Town & Country Leasing.
