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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 of 1934
Date of Report January 25, 1999
PREMIER FINANCIAL BANCORP, INC.
KENTUCKY 0-20908 61-1206757
115 NORTH HAMILTON STREET, GEORGETOWN, KENTUCKY 40324
Phone Number (502) 863-1955
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ITEM 2. ACQUISITION OF ASSETS
An excerpt from the Corporation's press release, dated January 25,
1999, is provided as an exhibit to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS
An amendment to this Form 8-K will be submitted no later than April 5,
1999. The amendment will include the Corporation's financial statements for
fiscal year ended December 31, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the corporation has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PREMIER FINANCIAL BANCORP, INC.
Date: January 25, 1999 /s/J. Howell Kelly
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J. Howell Kelly
President & Chief Executive Officer
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NEWS FOR IMMEDIATE RELEASE
JANUARY 25, 1999
CONTACT: J. Howell Kelly
President
(502) 863-1955
PREMIER FINANCIAL BANCORP, INC.
REPORTS ... COMPLETION OF MT. VERNON BANCSHARES, INC. ACQUISITION
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PREMIER FINANCIAL BANCORP, INC. (PREMIER), GEORGETOWN, KENTUCKY
(NASDQ/NMS PFBI), a community bank holding company with ten individually
managed commercial bank subsidiaries operating in Kentucky, Ohio and West
Virginia reported year end earnings for 1998 and the completion of the
purchase of Mt. Vernon Bancshares, Inc. and its subsidiary, The Bank of Mt.
Vernon, marking Premier's fourth acquisition since January 1998.
ACQUISITION COMPLETED
Mt. Vernon Bancshares, the holding company for The Bank of Mt. Vernon,
has two full-service banking facilities and two loan production offices,
serving a three county area in south-central Kentucky. This acquisition
increases Premier's total assets by 19.7% to $787,609,000.
"The addition of The Bank of Mt. Vernon broadens Premier's service area
and we have immediate plans to further expand in these fast growing markets,"
commented J. Howell Kelly, President of Premier. The acquisition was
completed as a cash transaction.
