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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 20, 1996
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Center Banks Incorporated
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(Exact name of registrant as specified in its charter)
Delaware 0-18513 16-1368745
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
33 E. Genesee Street
Skaneateles, New York 13152
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(address of principal executive office) (Zip Code)
Registrant's Telephone number, including area code: (315) 685-2265
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Not applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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Center Banks Incorporated, holding company for Skaneateles Savings Bank,
announced today the establishment of a Dividend Reinvestment Plan (the Plan),
open to all registered stockholders of Center Banks Incorporated. A Plan
prospectus and enrollment form will be mailed to registered stockholders in
early January 1997.
Through the Plan, participating stockholders can reinvest cash dividends by
purchasing additional shares of Common Stock from the Company at a discount of
five percent (5%) from the market price (as defined in the plan). There will be
no charges to stockholders for participating in the plan.
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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.
Center Banks Incorporated
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(Registrant)
By: /s/ J. DANIEL MOHR
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J. Daniel Mohr
Treasurer
Dated December 20, 1996
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