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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
February 15, 2000
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Date of Report (Date of earliest event reported)
Community Trust Financial Services Corporation
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(Exact name of registrant as specified in its charter)
Georgia 0-19030 58-1856582
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
3844 Atlanta Highway, Hiram, Georgia 30141
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (770) 445-1014
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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
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On February 15, 2000, the board of directors of Community Trust Financial
Services Corporation declared a cash dividend of four cents per share to
shareholders on record of March 10, payable on April 7, 2000.
Item 7. Exhibits
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99.1 Form of Press Release, dated February 15, 2000. See Exhibit Index on
page 4 hereof.
99.2 Letter dated February 18, 2000 was mailed by the President to all
stockholders.
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 hereunto duly authorized.
Community Trust Financial Services Corporation
February 18, 2000 /s/ Angel Byrd
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Date By: Angel Byrd
Title: Controller
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EXHIBIT INDEX
Exhibit No. Description Page No.
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99.1 Form of Press Release, 4
Dated February 15, 2000
99.2 Letter to Shareholder 5
Dated February 18, 2000
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
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Hiram, Georgia. February 15, 2000. The board of directors of Community Trust
Financial Services Corporation is pleased to announce that a quarterly dividend
of 4 cents per share has been declared to be paid on April 7, 2000, to
shareholders of record as of March 10, 2000.
Due to the company's two-for-one stock split that occurred in January 2000, a
quarterly dividend of 4 cents per share represents a 28% increase from the
annual dividend of 25 cents per share paid in 1999. President and CEO Ronnie L.
Austin states, "The board has determined that quarterly dividends are in the
best interest of our shareholders since we plan to implement a Dividend Re-
Investment Plan very soon. This Plan will provide shareholders with a
convenient and economical method of investing their cash dividends and optional
cash contributions in additional shares of common stock."
"I am proud to see this substantial increase in the dividend to our
shareholders. The directorate of the company would like to express their
appreciation to the shareholders and customers for their support in making 1999
such a successful year for Community Trust Financial Services Corporation,"
added Mr. Austin.
Community Trust Financial Services is the parent company of Community Trust
Bank, Metroplex Appraisals, Inc., Community Loan Company, and owns 49% interest
in Cash Transactions L. L. C. As a publicly held company, Community Trust is a
registrant with the Securities and Exchange Commission. The company's common
stock is traded via the over-the-counter bulletin board with the symbol CTFV.
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EXHIBIT 99.2
February 18, 2000
Dear Shareholder,
The board of directors of Community Trust Financial Services Corporation is
pleased to announce that a quarterly dividend of 4 cents per share has been
declared to be paid on April 7, 2000, to shareholders of record as of March 10,
2000. Due to the company's two-for-one stock split that occurred in January
2000, this 4 cent dividend per share is equivalent to an 8 cent dividend per
share, if it had been paid prior to the split. Therefore, since our dividends
are now expected to be paid on a quarterly basis, the 4 cent quarterly dividend
is approximately equal to an annual dividend of 32 cents per share. This would
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represent a 28% increase from the annual dividend of 25 cents per share paid in
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1999.
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The board has determined that quarterly dividends are in the best interest of
our shareholders since we plan to implement a Dividend Re-Investment Plan
("DRIP") very soon. This Plan will provide shareholders with a convenient and
economical method of investing their cash dividends and optional cash
contributions in additional shares of common stock. Please watch your mail
closely over the next few weeks since we hope to send you a prospectus on the
DRIP telling you how you may choose this important option. This is a very busy
time for us, since you will also be receiving an annual report and proxy
materials in March, and, of course, that first quarterly dividend check in
April.
One last bit of information that I want to share with you is a change in our
transfer agent. As of March 1st, Registrar and Transfer Company will be our
transfer agent since Reliance Trust made a strategic business decision to
discontinue their securities transfer division. Registrar and Transfer Company
("R&T") was founded in 1899 and provides securities transfer activities to over
900 issuers throughout the United States. Just as Reliance Trust did, R&T will
be glad to assist you with any issues regarding your stock such as changes of
address, transfers of ownership, name changes, and dividends. Please contact
them anytime at 1-800-368-5948, or by e-mail at [email protected], for
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services such as these related to your stock at Community Trust. R&T also has a
web site at rtco.com where you may see answers to frequently asked questions
concerning issues such as those listed above.
I am proud to see this substantial increase in the dividend to our shareholders,
especially since so many of you have been loyal to us throughout the years as
you've watched our Company grow. The directors of the company would like to
express their appreciation for your support in making 1999 such a successful
year for Community Trust Financial Services Corporation.
Sincerely,
/s/ Ronnie L. Austin
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President and Chief Executive Officer
