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): December 23, 1999
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 December 23, 1999, Permanent Bancorp, Inc. issued the attached press
release announcing the declaration of a quarterly cash dividend.
The Exhibit referred to in Item 7 of this Report and listed on the
accompanying Exhibit Index is filed as part of this Report and is incorporated
herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99 - Press Release dated December 23, 1999.
2
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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.
PERMANENT BANCORP, INC.
Date: December 28, 1999 By: /s/ Donald P. Weinzapfel
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Donald P. Weinzapfel
Chairman of the Board and
Chief Executive Officer
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Index to Exhibits
Exhibit
99 Press Release dated December 23, 1999
Exhibit 99
NEWS RELEASE
Donald P. Weinzapfel
Chairman of the Board & FOR IMMEDIATE RELEASE
Chief Executive Officer December 23, 1999
Permanent Bancorp, Inc. FOR FURTHER INFORMATION
101 S.E. Third Street Don Weinzapfel
Evansville, IN 47708 (812) 437-2256
(812) 437-BANK
PERMANENT BANCORP INC.
DECLARES QUARTERLY DIVIDEND
EVANSVILLE, INDIANA (NASDAQ: "PERM"), Permanent Bancorp., Inc., the
parent company of Permanent Federal Savings Bank, has announced that it has
declared a regular quarterly cash dividend of $0.07 per share. The cash
dividend will be payable on or about January 21, 2000 to stockholders of record
on December 31, 1999. At September 30, 1999 the Company had assets of $502
million and stockholders' equity of $40.8 million. The Company's stock is quoted
on the NASDAQ National Market under the ticker symbol "PERM". The Corporation's
stock traded at $17.75 per share as of December 22, 1999. This quarterly
dividend is the nineteenth consecutive quarterly dividend to be paid by the
Company.
The Company provides services and products through Permanent Federal
Savings Bank. In addition to the nine Evansville locations, the Bank has
branches in the communities of Newburgh, Jasper, Oakland City and Fort Branch,
Indiana. Through the Bank's subsidiary, Perma Service Corp., the bank offers
investment products through INVEST Financial Corporation as well as annuities
and credit insurance products through its partnership in Family Financial Life
Insurance Company. Perma Service Corp. also owns and operates Permanent
Insurance Agency, a full service insurance agency in Evansville.
FORWARD-LOOKING STATEMENTS
The Company may from time to time make "forward-looking statements,"
including statements contained in the Company's filings with the Securities and
Exchange Commission (the "SEC"), in its reports to shareholders and in other
communications by the Company, which are made in good faith by the Company and
the Banks pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995.
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These forward-looking statements include statements with respect to the
Company's beliefs, expectations, estimates and intentions, that are subject to
significant risks and uncertainties, and are subject to changes based on various
factors (some of which are beyond the Company's control). Those risks and
uncertainties could cause the Company's financial performance to differ
materially from expectations, estimates, and intentions expressed in such
forward-looking statements.
The Company does not undertake, and expressly disclaims any intent or
obligation, to update any forward-looking statement, whether written or oral,
that may be made from time to time by or on behalf of the Company.
End
