SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of
the Securities Exchange Act of 1934
Date of Report: June 7, 1996
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(Date of earliest event reported)
Tri-County Bancorp, Inc.
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(Exact name or Registrant as specified in its Charter)
WYOMING 0-22220 83-0304855
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(State or Other Jurisdiction of (SEC File No.) (IRS Employer
Incorporation or Organization) Identification No.)
2201 MAIN STREET, TORRINGTON, WY 82240
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number and area code: (307)532-2111
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N/A
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(Former Name, Former Address and Former Fiscal Year, if Changed
Since Last Report)
TRI-COUNTY BANCORP, INC.
Information to be included in report
ITEM 5. Other Events
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The Registrant announced the successful completion of its Stock
Repurchase Program on June 7, 1996. The Company repurchased
32,039 or 5% of its outstanding common stock over an eight week
period in six open market transactions.
For further details, reference is made to the Press Release dated
June 7, 1996, which is attached hereto as Exhibit 99 and
incorporated herein by this reference.
ITEM 7. Financial Statement and Exhibits
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Exhibit 99 - Press Release Dated June 7, 1996
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.
TRI-COUNTY BANCORP, INC. AND SUBSIDIARIES
Date: June 7, 1996 By: Robert L. Savage
President and Chief Executive Officer
Date: June 7, 1996 By: Tommy A. Gardner
Vice President and Controller
PRESS RELEASE June 7, 1996
For more information contact:
Robert L. Savage, President
Tri-County Federal Savings Bank
2201 Main Street, P.O. Box 1057
Torrington, WY 82240
(307)532-2111
TRI-COUNTY BANCORP, INC. ANNOUNCES
THE COMPLETION OF ITS STOCK REPURCHASE PROGRAM
Torrington, Wyoming -- June 7, 1996 -- Tri-County Bancorp, Inc.,
Torrington, Wyoming (the "Company"), the parent holding company
of Tri-County Federal Savings Bank (the "Savings Bank"),
announced today that the Company had successfully completed its
fourth stock repurchase program. The Company repurchased 32,039,
or 5% of its outstanding common stock over the last eight weeks
in six open market transactions.
As of June 7, 1996, the Company had 608,749 shares of common
stock outstanding which is net of the shares repurchased. The
repurchased stock was obtained at an average price of $18.32 per
share. With the common stock currently trading at 86 percent
of book value, the Company's Board believes that the purchase of
its own stock was an excellent investment.
