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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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) DECEMBER 31, 1998
AMERICORP
(Exact name of Registrant as specified in its charter)
CALIFORNIA 033-18392 77-0164985
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(State or other jurisdiction (File number) (I.R.S. Employer
of incorporation) Identification No.)
304 EAST MAIN STREET, VENTURA, CA 93001
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (805) 658-6633
Page 1 of 4 pages
Exhibit Index page 4
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On July 7, 1998, Americorp entered into an Agreement to Merge and Plan of
Reorganization (the "Agreement") with Channel Islands Bank ("CIB") and
Americorp's wholly owned subsidiary, American Commercial Bank ("Bank") pursuant
to which, among other things, (i) CIB would merge with and into Bank and (ii)
the shareholders of CIB would become shareholders of Americorp in accordance
with the exchange ratio set forth in the Agreement, all subject to the terms and
conditions specified in the Agreement (the "Merger").
In accordance with the terms of the Agreement, as subsequently amended, the
Merger was completed on December 31, 1998. The shareholders of CIB received a
tax-free exchange of .7282 shares of Americorp common stock for each shares of
CIB common stock. All information required by Item 2 of Form 8-K relating to
the Merger has previously been filed with the Securities and Exchange
Commission.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Channel Islands Bank
The Financial Statements of Channel Islands Bank as of December 31,
1997 and 1996 and for each of the years in the two-year period ended
December 31, 1997 and the unaudited Financial Statements of Channel
Islands Bank as of June 30, 1998 and for the six months period ended
June 30, 1998 (incorporated by reference from Americorp's Registration
Statement on form S-4 No. 333-63841)
(b) Pro forma financial information:
Americorp's and Channel Islands Bank's Pro Forma Combined Financial
Statements (unaudited) (incorporated by reference from Americorp's
Registration Statement on form S-4 No. 333-63841)
(c) Exhibits
2 Agreement to Merge and Plan of Reorganization, dated
July 7, 1998 and amended on September 17, 1998 (incorporated by
reference from Appendix A to Americorp's Registration Statement
on form S-4 No. 333-63841)
23 Consent of Independent Accountants (incorporated by
reference from Americorp's Registration Statement on form S-4 No.
333-63841)
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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.
Dated: January 11, 1999 AMERICORP
By: /s/ Allen Partridge
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Allen Partridge
Senior Vice President
Chief Financial Officer
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION PAGE NO.
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2 Agreement to Merge and Plan of Reorganization, dated
July 7, 1998 and amended on September 17, 1998 (incorporated by
reference from Appendix A to Americorp's Registration Statement
on form S-4 No. 333-63841)*
23 Consent of Independent Accountants (incorporated by
reference from Americorp's Registration Statement on form S-4 No.
333-63841)*
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* Previously filed.
