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: July 16, 1997
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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 July 15, 1997. The Corporation repurchased
25,000 or 4% of its outstanding common stock over a three-week period
in a single open market transaction.
For further details, reference is made to the Press Release dated July
15, 1997, 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 July 15, 1997
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: July 16, 1997 \s\Robert L. Savage
President and Chief Executive Officer
Date: June 16, 1997 \s\Tommy A. Gardner
Vice President and Controller
PRESS RELEASE July 15, 1997
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 - July 15, 1997 - Tri-County Bancorp, Inc.,
Torrington Wyoming (the "Corporation"), the parent holding company of
Tri-County Federal Savings Bank (the "Savings Bank"), announced today
that the Company had successfully completed its fifth stock repurchase
program. The Company repurchased 25,000, or 4%, of its outstanding
common stock over the last three weeks in one open market transaction.
As of July 15, 1997, the Company had 583,749 shares of common stock
outstanding which is net of the shares repurchased. The repurchased
stock was obtained at a price of $24.00 per share. With the common
stock currently trading at 109 percent of book value, the Company's
Board believes that the purchase of its own stock is an excellent
investment.
