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) July 28, 1998
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 July 28, 1998, the Registrant issued a press release
announcing a plan to repurchase up to 250,000 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.
Exhibit:
99 Press Release of the Registrant, Sterling Financial
Corporation, dated July 28, 1998,
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
(Principal Executive Officer)
DATE July 30, 1998
EXHIBIT INDEX
Page Number in
Manually Signed
Exhibit Original
99 Press Release, dated July 28, 1998,
of Registrant re: Repurchase Program 5
Exhibit 99
Press Release
FOR IMMEDIATE RELEASE
STERLING FINANCIAL CORPORATION
COMMON STOCK REPURCHASE PROGRAM INITIATED
Lancaster, PA (July 28, 1998)-Sterling Financial Corporation
(NASDAQ:SLFI), today announced the approval of a plan to purchase,
in open market transactions, up to 250,000 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 31 banking locations in addition
to the bank's wholly owned subsidiary, Town & Country Leasing.
Contact: John E. Stefan, Chairman and President
(717) 581-6030
