SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
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 22, 2000
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PEOPLES BANCORP
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(Exact name of Registrant as Specified in its Charter)
Indiana 000-18991 35-1811284
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
212 West 7th Street, Auburn, Indiana 46706
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (219) 925-2500
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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
On December 19, 2000, the Board of Directors authorized establishment
of a stock repurchase program pursuant to which the registrant may repurchase up
to 300,000 shares of its common stock, which represents approximately 8% of its
outstanding stock, from time to time in the open market or in privately
negotiated transactions. Such stock purchases are expected to be completed
within two years. For information regarding the repurchase program, reference is
made to the registrant's press release dated December 22, 2000 which is attached
hereto as Exhibit A and incorporated herein by reference.
<PAGE>
For Immediate Release
Date: December 22, 2000
NASDAQ Symbol: PFDC
Contact: Maurice F. Winkler, III
219-925-2500
PEOPLES BANCORP DECLARES CASH DIVIDEND AND ANNOUNCES STOCK REPURCASE PROGRAM
(Auburn) - The Board of Directors of Peoples Bancorp, the holding company for
Peoples Federal Savings Bank and First Savings Bank, declared a first quarter
dividend of $0.14 per share, according to Roger J. Wertenberger, Chairman. The
dividend will be paid on January 25, 2000, to stockholders of record as of
January 3, 2000. This dividend will mark the 53rd consecutive quarterly dividend
issued by Peoples since becoming a public company in 1987.
Roger J. Wertenberger, Chairman of Peoples Bancorp, indicated that "Peoples has
completed it's stock repurchase announced in June of 1999 which allowed the
company to repurchase 300,000 shares of it's stock. We certainly feel that the
stock repurchase program has benefited our shareholders and as a result we
wanted to continue the program." Peoples Bancorp announced that the new stock
repurchase program would also repurchase 300,000 shares and continue from
December of 2000 to December of 2002.
The Board of directors has authorized the expenditure of up to $7,500,000 for
the repurchase program, which is to be completed within two years. Purchases
will be made in the open market and in unsolicited negotiated transactions.
Peoples had 3,662,641 shares of stock outstanding as of September 30, 2000, and
the price of Peoples Bancorp stock as of December 21, 2000, was $14.39 per share
as listed on the NASDAQ National Marketing System under the symbol PFDC. At
September 30, 2000 the book value per share was $15.64.
Peoples Bancorp, through its Indiana subsidiary, Peoples Federal Savings Bank,
operates eight full-service offices located in Auburn, Avilla, LaGrange,
Garrett, Kendallville, Waterloo, and two in Columbia City, Indiana. Peoples
Bancorp's Michigan subsidiary, First Savings Bank, operates six full service
offices located in Three Rivers (two offices), Schoolcraft, and Union in
Michigan, and Howe and Middlebury in Indiana.
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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.
PEOPLES BANCORP
Date: December 22, 2000 By: Maurice F. Winkler, III
President and Chief Executive Officer
