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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: December 2, 1999
REDWOOD EMPIRE BANCORP
(Exact number of Registrant as specified in its charter)
California File No. 0-19231 68-0166366
(State or other jurisdiction of (Commission File Number) (IRS Employer)
Incorporated or organization) Identification No.)
111 Santa Rosa Avenue, Santa Rosa, California 95404-4905
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (707) 573-4800
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Press releases for the following (articles attached):
Redwood Empire Bancorp declares increase of quarterly cash dividend on its
Common Stock.
Redwood Empire Bancorp announces completion of initial share repurchase and
authorization of a new share repurchase.
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.
12/2/99
Date: ___________________ REDWOOD EMPIRE BANCORP
(Registrant)
/s/ James E. Beckwith
By:
James E. Beckwith
Executive Vice President and
Chief Operating Officer
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FOR: REDWOOD EMPIRE BANCORP
APPROVED BY: James E. Beckwith
Chief Operating Officer
(707) 522-5215
For Immediate Release
REDWOOD EMPIRE BANCORP INCREASES ITS QUARTERLY DIVIDEND
SANTA ROSA, Calif. (November 22, 1999) -- Redwood Empire Bancorp (NASDAQ:
REBC) today announced that its Board of Directors has declared a quarterly cash
dividend of ten cents per share on the Company's Common Stock. This dividend
declaration represents an increase of 67%. The dividend is payable on January
15, 2000 to shareholders of record on December 31, 1999. "We are very pleased to
announce this dividend increase", said Tom Whitaker, Chairman, Redwood Empire
Bancorp.
Redwood Empire Bancorp is the holding company for National Bank of the
Redwoods, a commercial bank. The Company operates through branches in Sonoma,
Mendocino and Lake Counties.
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FOR: REDWOOD EMPIRE BANCORP
APPROVED BY: James Beckwith
Chief Operating Officer
(707) 522-5215
For Immediate Release
REDWOOD EMPIRE BANCORP ANNOUNCES
COMPLETION OF INITIAL SHARE REPURCHASE AND
AUTHORIZATION OF A NEW SHARE REPURCHASE
SANTA ROSA, Calif. (November 22, 1999) -- Redwood Empire Bancorp (NASDAQ:
REBC) today announced the completion of its stock repurchase program authorized
on October 27, 1998. Total shares repurchased under this authorization was
171,000 at an average price of $20.97 per share. In a separate action, the Board
of Directors has authorized the repurchase of an additional 150,000 outstanding
shares. Under the repurchase program, the Company plans to purchase shares from
time to time on the open market or through privately negotiated transactions.
"We believe that shares of Redwood Empire currently represent a compelling
value, and that this repurchase program provides the opportunity to enhance
returns on capital and increased earnings per share over the long-term," said
Tom Whitaker, Chairman of Redwood Empire Bancorp.
Redwood Empire Bancorp is the holding company for National Bank of the
Redwoods, a commercial bank. The Company operates through branches in Sonoma,
Mendocino and Lake Counties.
The statements contained in this release, which are not historical facts,
are forward-looking statements that are subject to risks and uncertainties.
Actual results may differ materially from those set forth in or implied by
forward-looking statements. These risks are described in the Company's
Securities and Exchange Commission filings.
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