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): January 28, 2000
Tri-County Bancorp, Inc.
(Exact name of Registrant as specified in its Charter)
Wyoming 0-22220 83-304855
(State or other jurisdiction of (SEC File No.) (IRS Identification
Employer incorporation) Number)
2201 Main Street, Torrington, Wyoming 82240
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (307) 532-2111
N/A
(Former name or former address, if changed since last Report)
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Tri-County Bancorp, Inc.
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
The Registrant announced that the Board of Directors has authorized the
Registrant to repurchase up to 5% of its outstanding stock, over a period of
time in open market transactions.
For further details, reference is made to the Press Release dated January 28,
2000, which is attached hereto as Exhibit 28 and incorporated herein by this
reference.
Item 7. Financial Statement, Pro Forma financial Information and Exhibits
Exhibit 28 - Press Release dated January 28, 2000.
<PAGE>
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.
Date: February 1, 2000 By: /s/ Robert L. Savage
------------------- President and Chief Executive Officer
PRESS RELEASE January 28, 2000
For more information contact:
Robert L. Savage, President
Tri-County Bancorp, Inc.
2201 Main Street, P.O. Box 1057
Torrington, WY 82240
(307) 532-2111
TRI-COUNTY BANCORP, INC. ANNOUNCES
STOCK REPURCHASE PROGRAM
Torrington, Wyoming -- Tri-County Bancorp, Inc., (the "Company") the holding
company of Tri-County Bank (the "Bank"), announced today that the Company's
Board of Directors had approved a stock repurchase program. The Company may
repurchase 5% of its outstanding Common Stock (approximately 45,300 shares) over
a period of time in open market transaction.
As of December 31, 1999 the Company had 906,234 shares of Common Stock
outstanding and $10.7 million in stockholders' equity. "With the Common Stock
currently trading at approximately $9.50 per share or 84% of book value, the
Company's Board believes that the purchase of its own stock is an excellent
investment," commented Robert L. Savage, President of the Company. "The Board of
Directors believes that it is in the best interest of the Company and its
stockholders to repurchase some of its outstanding Common Stock in view of its
present trading price and the Company's earnings and high level of capital."
Tri-County Bank (formerly Tri-County Federal Savings Bank), the wholly owned
subsidiary of Tri-County Bancorp, Inc., is a community-oriented bank. Since
being founded in 1935, the Bank has focused on serving its customers located
primarily in and around Goshen and Platte Counties, Wyoming. Beginning in early
2000, the Bank's service area will also extend into Laramie County with the
opening of its new branch office in Cheyenne, Wyoming.
Tri-County Bancorp, Inc.'s common stock is traded on the Nasdaq "Small-Cap"
System under the symbol "TRIC."
