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): November 5, 1996
FFVA FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Virginia 0-24668 74-2712490
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
925 Main Street, Lynchburg, Virginia 24504
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(804) 845-2371
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Not Applicable
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(Former name or former address, if changed since last Report)
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FFVA FINANCIAL CORPORATION
INFORMATION TO BE INCLUDED IN REPORT
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Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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Exhibit 99 -- Press Release dated November 5, 1996.
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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.
FFVA FINANCIAL CORPORATION
Date: 11/7/96 By: /s/Ron W. Neblett
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Ron W. Neblett
Chief Financial Officer
EXHIBIT 99
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[LOGO]
Contact: James L. Davidson, Jr. For Immediate Release
President
(804) 845-2371
FFVA Financial Corporation
Regulatory Authorization of Stock Repurchase Program
Lynchburg, Virginia -- November 5, 1996 -- FFVA Financial Corporation,
the holding company of First Federal Savings Bank of Lynchburg, has announced
that it has received regulatory authorization to repurchase up to 502,255 shares
of the Company's common stock. Mr. James L. Davidson, Jr., President, said the
Company had previously been authorized by its Board of Directors to repurchase
up to 10% of its 5,022,552 outstanding shares of common stock but had been
awaiting regulatory authorization to initiate the repurchase program. This
repurchase program follows the repurchase of approximately 300,000 shares (on a
post split basis) of the Company's common stock during the first year following
the conversion and approximately 984,000 shares during the second year following
conversion.
The repurchases will be made in open-market transactions, subject to
the availability of stock, market conditions, the trading price of the stock,
and the Company's financial performance. Repurchased shares will be cancelled
and retired.
First Federal Savings Bank of Lynchburg is headquartered in Lynchburg,
Virginia and operates through its main office and eleven branch offices. At
September 30, 1996, the Company had total assets and stockholders' equity of
$530.1 million and $78.7 million respectively. The Company's common stock is
listed on the Nasdaq National Market under the symbol "FFFC."
(804) 845-2371
925 Main Street
Lynchburg, Virginia 24505
