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): May 19, 1997
PERMANENT BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-23370 35-1908797
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
101 Southeast Third Street, Evansville, Indiana 47708
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (812) 428-6800
N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On May 19, 1997, Permanent Bancorp, Inc. issued the press release
attached hereto as Exhibit 99 announcing the completion of its assumption of the
deposit liabilities and its acquisition of certain assets asscociated with the
branch of NBD Bank, N.A. in Newburgh, Indiana.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed its behalf by the
undersigned hereunto duly authorized.
PERMANENT BANCORP, INC.
Date: May 22, 1997 By: /s/Donald P. Weinzapfel
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Donald P. Weinzapfel
Chairman of the Board,
President and Chief
Executive Officer
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Exhibit 99
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<PAGE>
Permanent
Bancorp, Inc., Holding Company for Permanent Federal Savings Bank
NEWS RELEASE
Donald P. Weinzapfel
Chairman of the Board, FOR IMMEDIATE RELEASE
President & Chief ---------------------
Executive Officer May 19, 1997
Permanent Bancorp, Inc.
101 S.E. Third Street FOR FURTHER INFORMATION
Evansville, IN 47708 -----------------------
812/428-6800 Carl E. Root
812/428-6804
PERMANENT BANCORP SUBSIDIARY
ANNOUNCES ACQUISITION OF
BRANCH OFFICE
(May 19, 1997) -- Permanent Bancorp, Inc. (NASDAQ - "PERM"), parent of
Permanent Federal Savings Bank, Evansville, Indiana, announced today the
completion of its assumption of the deposit liabilities and its acquisition of
certain assets associated with the branch of NBD Bank, N.A. in Newburgh,
Indiana.
"The branch in Newburgh provides a more desirable location for
expansion of Permanent's franchise," stated Donald P. Weinzapfel, Chairman and
CEO of the company. "We are pleased to acquire the office and believe we will be
better able to serve the residents in the Newburgh area." At closing, the branch
had deposit liabilities of approximately $5.5 million.
Permanent Bancorp, Inc., at March 31, 1997, had assets of $423.8
million and deposits of $280.8 million.
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