SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) November 30, 2000
Allstate Financial Corporation
(Exact name of registrant as specified in its charter)
Delaware 0-17832 54-1208450
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
8180 Greensboro Drive McLean, VA 22102
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (703) 883-9757
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Item 2. Acquisition or Disposition of Assets.
On November 30, 2000, Allstate Financial Corporation ("Allstate") acquired
Harbourton Financial Corp. ("Harbourton"). At October 30, 2000, Harbourton had
total assets of $11.1 million, which consisted primarily ($10.6 million) of
receivables from homebuilders, comprising acquisition, development and
construction loans, as well as cash ($598 thousand). Allstate completed the
transaction through the issuance of 7,516,160 new common shares and the payment
of $ 2.1 million in cash to Harbourton's shareholders. Allstate's majority
shareholder, Value Partners, Ltd., was the majority owner of Harbourton and now
owns approximately 84% of Allstate's shares. Timothy G. Ewing, Managing Director
of Ewing and Partners, which is the general partner of Value Partners, Ltd., is
a director of Allstate. The remainder of the shares were acquired from J.
Kenneth McLendon and James M. Cluett, members of Harbourton's management. Mr.
McLendon and Mr. Cluett serve as Allstate's President and Senior Vice President,
respectively.
Item 7. Financial Information, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired.
To be filed by amendment within 60 days of the due date of
this report.
(b) Pro Forma Financial Information.
To be filed by amendment within 60 days of the due date of
this report.
(c) 99.1 Exhibit
Press release issued on December 1, 2000.
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 thereunto duly authorized.
Dated: December 13, 2000 ALLSTATE FINANCIAL CORPORATION
By: /s/ C. Fred Jackson
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C. Fred Jackson
Senior Vice President
and Chief Financial Officer
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