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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
Date of Report (Date of earliest event reported) December 18, 1997
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Laurel Capital Group, Inc.
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Pennsylvania 25-1717451
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(STATE OR OTHER JURISDICTION (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
2724 Harts Run Road, Allison Park, Pennsylvania 15101
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code (412) 487-7404
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(FORMER NAME OR FORMER ADDRESS, IF CHANGE SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS
On December 18, 1997 the Board of Directors of Laurel Capital Group, Inc.
(the "Company") declared a three-for-two stock split of the Company's common
stock payable on January 16, 1998 to stockholders of record on January 2, 1998.
As a result of the stock split, the Company's outstanding shares will increase
by approximately 50% to 2,172,138 shares before cash in lieu of fractional
shares. The press release filed as Exhibit 99 hereto is incorporated herein by
reference thereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not applicable
(b) Not applicable.
(c) EXHIBITS
The following exhibit is filed as part of this Form 8-K:
Exhibit 99 Press Release dated December 19, 1997.
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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 hereunto duly authorized
LAUREL CAPITAL GROUP, INC.
By: /s/ EDWIN R. MAUS
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Edwin R. Maus
President and Chief Executive Officer
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EXHIBIT 99
PRESS RELEASE
LAUREL CAPITAL GROUP, INC.
2724 Harts Run Rd. Allison Park, PA 15101-1437
Release Date: For Further Information
December 19, 1997 Edwin R. Maus, President
412-487-7404 Ext. 303
LAUREL CAPITAL GROUP ANNOUNCES
3 - FOR - 2 STOCK SPLIT
ALLISON PARK, PA - December 19, 1997 - The board of directors of Laurel Capital
Group, Inc. (NASDAQ: LARL) at their December 18, 1997 meeting, declared a
3-for-2 stock split of the Company's common stock. The dividend is payable on
January 16, 1998 to stockholders of record January 2, 1998. As a result of the
stock split, the Company's outstanding shares will increase approximately 50%
to 2,172,138 before cash in lieu of fractional shares from the current level of
1,448,092.
In announcing the stock split, Edwin R. Maus, President and Chief Executive
Officer, noted the Company's excellent results during recent years, and the
significant appreciation in the stock price since going public in April 1987.
"This represents the fifth stock split in six years for Laurel Capital
including three prior 5-for-4 stock splits and one 3-for-2 stock split.
Furthermore, this split expresses our confidence in the continued growth and
profitability of the Company and out continuing commitment to enhance value and
provide a stable return to our stockholders. In addition, we believe this stock
split will provide a wider distribution of the Company's stock."
Laurel Capital Group, Inc. is the holding company for Laurel Savings Bank.
Laurel Savings is a 110-year-old, Pennsylvania-chartered, SAIF-insured savings
bank with six full-service located officers in Allegheny and Butler counties
serving customers throughout the Pittsburgh area.