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UNITED STATES
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): JUNE 8, 1998
COWLITZ BANCORPORATION
(Exact name of Registrant as Specified in Its Charter)
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WASHINGTON 0-23881 91-152984
(State of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
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927 COMMERCE AVENUE,
LONGVIEW, WASHINGTON 98632
(Address of Principal Executive Offices) (Zip Code)
(360) 423-9800
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS.
On June 8, 1998, Cowlitz Bancorporation ("Cowlitz") announced that it
had terminated discussions with respect to a proposed merger of United Bancorp
of Roseburg, Oregon into Cowlitz.
The press release issued in connection with this announcement is
filed as an exhibit to this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibit:
See Exhibit Index following the signature page of this report, which
is incorporated herein by reference.
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SIGNATURE
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.
Dated: June 10, 1998
COWLITZ BANCORPORATION
By: /s/ CHARLES W. JARRETT
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Name: Charles W. Jarrett
Its: President and Chief Operating Officer
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COWLITZ BANCORPORATION
(Commission File No. 0-23881)
EXHIBIT INDEX
to
FORM 8-K CURRENT REPORT
Date of Report: June 8, 1998
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INCORPORATED HEREIN FILED
EXHIBIT DESCRIPTION BY REFERENCE TO HEREWITH
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Exhibit 99 Press Release dated June 8, 1998 X
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[COWLITZ BANCORPORATION LETTERHEAD]
Cowlitz Bancorporation Terminates Merger Discussions With United Bancorp
LONGVIEW, Wash., June 8 - Cowlitz Bancorporation (Nasdaq: CWLZ) announced
today that it has terminated discussions with respect to a proposed merger of
United Bancorp of Roseburg, Oregon (OTCBB: UBNN) into Cowlitz Bancorporation.
Benjamin Namatinia, Chairman and Chief Executive Officer of Cowlitz
Bancorporation, stated: "We have concluded that the interests of our
shareholders would best be served by terminating our discussions with United
Bancorp. We will, however, continue to explore the acquisition of other
community banks and branches of larger banks in non-metropolitan communities in
Washington and Oregon."
Cowlitz Bancorporation had assets of $192 million and deposits of $140 million
at March 31, 1998. It has the largest market share of deposits among commercial
banks in Cowlitz County, Washington, and is the only community bank
headquartered in that county.
