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 (Date of earliest event reported)
December 12, 1996
EMCLAIRE FINANCIAL CORP.
(Exact name of Registrant as specified in its Charter)
Pennsylvania 333-11773 25-1606091
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
612 Main Street, Emlenton, Pennsylvania 16373-0046
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 867-2311
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Not Applicable
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(Former name or former address, if changed since last Report)
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EMCLAIRE FINANCIAL CORP.
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
On December 12, 1996, Emclaire Financial Corp., a Pennsylvania corporation
("Company"), completed the sale of 230,800 shares of common stock, $1.25 par
value per share ("Common Stock"). The common stock of the Company was sold at
$13.50 a share for net proceeds of approximately $2.9 million. The Company is
the bank holding company for The Farmers National Bank of Emlenton, Emlenton,
Pennsylvania (the "Bank").
The Company intends to use the funds contributed to it for general
corporate purposes. The net proceeds retained by the Company will be available
for additional contributions to the Bank in the form of debt or equity, to
support future acquisitions and diversification activities, although there are
no such plans at this time. Upon completion of the offering, the Company had
1,030,000 shares issued and outstanding.
The common stock began trading on the OTC Electronic Bulletin Board on
December 12, 1996.
A copy of a press release issued December 12, 1996 by the Company is
attached hereto as Exhibit 99 and is incorporated herein by reference in its
entirety.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits:
99 Press Release dated December 12, 1996.
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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, thereunto duly authorized.
EMCLAIRE FINANCIAL CORP.
Date: December 23, 1996 By: /s/Ronald L. Ashbaugh
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Ronald L. Ashbaugh
President and Chief Executive
Officer
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EXHIBIT 99
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Emclaire Financial Corp.
612 Main Street PA 16373
For Immediate Release
Thursday, December 12, 199
Contact: Ronald L. Ashbaugh, President or
John J. Boczar, Chief Financial Officer
Emclaire Financial Corp.
412/867-2311
Emlenton, PA -- On December 12, 1996, Emclaire Financial Corp., a
Pennsylvania corporation, completed the sale of an additional 230,800 shares of
common stock, $1.25 par value per share. The common stock of the Company was
sold at $13.50 a share for net proceeds of approximately $2.9 million. The
Company is the bank holding company for The Farmers National Bank of Emlenton,
Emlenton, Pennsylvania.
"We are pleased with the interest of our stockholders and the local
community in our offering" said Ronald L. Ashbaugh, President of the Company,
"and we look forward to continuing operating as an independent community bank."
The common stock began trading on the OTC Electronic Bulletin Board on
December 12, 1996. Upon completion of the offering, the Company had 1,030,000
shares issued and outstanding. Hopper Soliday & Co., Inc., Lancaster,
Pennsylvania, served as financial advisor and placement agent in the offering.
