COMMUNITY TRUST FINANCIAL SERVICES CORPORATION
8-K, 1997-02-28
STATE COMMERCIAL BANKS
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<PAGE>
 
                      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
                                        


                                  JULY 1, 1996
                Date of Report (Date of earliest event reported)
                                        



                 COMMUNITY TRUST FINANCIAL SERVICES CORPORATION
             (Exact name of Registrant as specified in its charter)
                                        



         GEORGIA                      0-19030                     58-1856582  
(State of incorporation)      (Commission File number)        (I.R.S.Employer 
                                                             Identification No.)



                   1784 ATLANTA HIGHWAY, HIRAM, GEORGIA 30141
              (Address of principal executive offices) (Zip Code)
                                        



                                (770) 445-1014
              (Registrant's telephone number including area code)
                                        



                                 NOT APPLICABLE
         (Former name or former address, if changed since last report)

                                        
                           --------------------------
                                        
<PAGE>
 
ITEM 5. OTHER EVENTS

   On July 1, 1996, a letter was mailed to all stockholders of Community Trust
Financial Services Corporation (the "Company") from the President of the Company
which explained procedures implemented by the Company in an effort to facilitate
transactions between  interested buyers and interested sellers of Company stock.

  On February 19, 1997, at its monthly Board meeting, the Board of Directors of
the Company declared a dividend of twenty-five cents per share to shareholders
of record on March 10, 1997, payable on March 19, 1997.



ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

     (a) Not applicable

     (b) Not applicable

     (c) The following exhibits are filed as a part of this Form 8K

     Exhibit
     Number    Description
     ------    -----------
      20       Letter dated July 1, 1996 mailed by the President to all
               stockholders.
<PAGE>
 
                                   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.


                 Community Trust Financial Services Corporation
                 ----------------------------------------------
                                  (Registrant)
                                        



DATE: February 24, 1997              /s/ Angel J. Byrd              
                                     -----------------              
                                     Angel J. Byrd                 
                                     (Principal Accounting Officer) 

<PAGE>
 
July 1, 1996




Dear Stockholder,

A number of you have expressed interest in either purchasing additional shares
of stock in Community Trust Financial Services Corporation (the "Company") from
existing shareholders who may be interested in selling some of their shares, or
in selling some or all of your shares to others.  In an effort to assist (i)
interested purchasers in locating interested sellers and (ii) interested sellers
in locating interested purchasers, we have come up with the following procedures
that you may wish to take advantage of:

1.   Anyone interested in either purchasing or selling shares may send a letter
     to my attention indicating whether they are interested in purchasing or
     selling shares of Company stock.  The letter should contain the interested
     person's address and telephone number.

2.   We will then mail to any interested purchaser a then current listing of
     everyone who has expressed to us an interest in selling any of their shares
     and we will mail to any interested seller a then current listing of
     everyone who has expressed to us an interest in purchasing shares of
     Company stock.

3.   Please keep in mind that the Company is merely providing a listing of
     interested parties, and will be unable to participate or assist in any
     manner in the actual purchase and sale transactions between interested
     parties.  Pricing and all other terms of such transactions will be
     determined exclusively by negotiations between the interested parties
     without any involvement of the Company.

Whether or not you take advantage of these procedures is entirely up to you.  As
always, you are entirely free to identify potential purchasers or sellers on
your own.

Please feel free to call me any time at (770) 445-1014 to discuss any questions
you might have, or simply to walk through the process with you.


Sincerely,

/s/ Ronnie Austin
- ----------------------
Ronnie Austin
President


RA/ll


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