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 April 28, 1998
(Date of earliest
event reported)
CITRUS FINANCIAL SERVICES, INC.
(exact name of registrant as specified in its charter)
FLORIDA
(State or other jurisdiction of incorporation)
33-29696-A 65-0136504
(Commission File Number) (IRS Employer
Identification Number)
1717 Indian River Boulevard
Suite 100
Vero Beach, Florida 32960
(Address of principal executive offices) (Zip Code)
(561) 778-4100
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
The Board of Directors of Citrus Financial Services, Inc. ("the Company") met
on April 27, 1998 and declared a 10% stock split for those shareholders of
record on May 8, 1998. The additional shares for the stock split will be
issued on May 31, 1998.
The par value of the common stock of the Company will be changed pursuant to
the aforementioned stock split from the current par value of $3.47 per share
to the new par value of $3.15 per share.
The number of shares of common stock outstanding prior to this stock split is
865,961. The number of shares of common stock outstanding after this stock
split will be 952,557. Fractional shares will be paid in cash at the new book
value of $6.38 per share with the aggregate amount of such payments totaling
$825.
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 of the
undersigned thereunto duly authorized.
Date: April 28, 1998 By: /s/
Josh C. Cox, Jr.
President and CEO
Date: April 28, 1998 By: /s/
Henry O. Speight
Senior Vice President
