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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) August 25, 1999
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MBLA FINANCIAL CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-21482 43-1637679
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(State or other Jurisdiction of (Commission (IRS Employer
Incorporation or Organization) File Number) Identification No.)
101 Vine Street, Macon Missouri 63552
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(Address of Principal Executive Offices) (Zip Code)
(660) 385-2122
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(Registrant's Telephone Number, including Area Code)
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 August 26, 1999, MBLA Financial Corporation ("MBLA"), announced that at
a special meeting of shareholders held on August 25, 1999, the shareholders of
MBLA approved the Agreement and Plan of Merger pursuant to which MBLA will be
acquired by Citizens Bancshares Company ("Citizens").
The press release issued by MBLA is filed herewith as Exhibit 99.1.
ITEM 7(C). FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit 99.1 Press Release issued by MBLA Financial Corporation on August 26,
1999.
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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.
MBLA FINANCIAL CORPORATION
Dated: August 31, 1999 By: \s\ John T. Neer
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John T. Neer
President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit 99.1 Press Release issued by MBLA Financial Corporation on
August 26, 1999.
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EXHIBIT 99.1
*FOR IMMEDIATE RELEASE*
MBLA FINANCIAL CORPORATION'S STOCKHOLDERS APPROVE MERGER
Macon, Missouri (August 26, 1999) -- MBLA Financial Corporation (Nasdaq:
MBLF) today announced that, at its Special Meeting of Stockholders held
yesterday, its stockholders overwhelmingly approved the Agreement and Plan of
Merger with Citizens Bancshares Company, pursuant to which Citizens would
acquire MBLA. Under the terms of the merger agreement, each share of MBLA common
stock would be exchanged for a cash payment equal to $24.15 plus an amount equal
to the change in adjusted book value per share of MBLA from December 31, 1998 to
the end of the month prior to the closing.
The merger, which is subject to the receipt of all required regulatory
approvals, is expected to close in the fourth quarter of 1999.
For further information contact:
John T. Neer
President and CEO
MBLA Financial Corporation
(660) 385-2122
