<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report - APRIL 19, 2000
GEORGIA BANK FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
<S> <C> <C>
GEORGIA 0-24172 58-2005097
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
</TABLE>
3530 WHEELER ROAD, AUGUSTA, GEORGIA 30909
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (706) 738-6990
1 of 4
<PAGE>
Item 5. Other Events
On April 19, 2000, the Board of Directors of Georgia Bank Financial
Corporation, announced the commencement of a stock repurchase program pursuant
to which it will, from time-to-time, repurchase up to 100,000 shares of its
outstanding common stock. The Company may repurchase these shares in privately
negotiated transactions or in the open market.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired. Not Applicable.
(b) Pro Forma Financial Information. Not Applicable.
(c) Exhibits.
99.1. Press release dated April 20, 2000......................Page 4
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.
Dated: April 25, 2000 GEORGIA BANK FINANCIAL CORPORATION
By: /s/ Ronald L. Thigpen
-------------------------
Ronald L. Thigpen
Executive Vice President, Chief Financial
Officer (Duly Authorized Officer of
Registrant and Principal Financial Officer)
2 of 4
<PAGE>
EXHIBIT INDEX
Page
Press release dated April 20, 2000....................................... 4
3 of 4
<PAGE>
EXHIBIT 99.1
APRIL 20, 2000
FOR IMMEDIATE RELEASE
Georgia Bank Financial Corporation, the holding company for Georgia
Bank & Trust Company of Augusta, today reported a quarterly earnings increase of
15.1 percent over the first quarter of 1999. Net income for the quarter totaled
$910,000, or 43 cents per share, up from $791,000 or 38 cents per share, for the
same period in 1999.
As of March 31, 2000, Georgia Bank Financial Corporation had total
assets of $375.6 million and total deposits of $305.0 million. This reflects an
increase of 9.8 percent in assets and 7.7 percent in deposits during the first
quarter of 2000 and an increase of 16.5 percent in assets and 13.5 percent in
deposits over March 31, 1999. Total assets and deposits were $342.1 million and
$283.1 million at December 31, 1999 and $322.4 million and $268.8 million,
respectively, at March 31, 1999.
"The Company's financial performance during the quarter continues to
reflect our growth in the market. Loan growth of $12.3 million during the
quarter and the resulting increase in interest income contributed to the higher
level of earnings," stated Ronald L. Thigpen, Executive Vice President.
Georgia Bank Financial Corporation also announced the commencement of a
stock repurchase program pursuant to which it will, from time-to-time,
repurchase up to 100,000 shares of its outstanding common stock. The Company
may repurchase these shares in privately negotiated transactions or in the open
market.
"We believe that this repurchase program will enable us to take
advantage of investment opportunities in our stock as they arise and that it
will ultimately benefit the Company and its shareholders," stated R. Daniel
Blanton, President and Chief Executive Officer.
Georgia Bank & Trust Company of Augusta, the company's subsidiary,
operates seven offices in the Metro Augusta market and is the only locally-owned
and operated bank in Richmond and Columbia County.
For further information, please contact R. Daniel Blanton, President
and Chief Executive Officer or Ronald L. Thigpen, Executive Vice President and
Chief Operating Officer at 706-738-6990.
4 of 4
