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)
October 15, 1997
FFVA FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Virginia 0-24468 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 5. Other Events
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On October 15, 1997, the registrant announced that its Board of
Directors had adopted a stock repurchase program that authorizes the repurchase
of up to 452,000 shares of the common stock of the registrant.
For further details, reference is made to the press release dated
October 15, 1997, which is attached hereto as Exhibit 99 and incorporated herein
by this reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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Exhibit 99 -- Press Release dated October 15, 1997.
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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, thereunto duly authorized.
FFVA FINANCIAL CORPORATION
Date: October 15, 1997 By: /s/ James L. Davidson, Jr.
James L. Davidson, Jr.
President
EXHIBIT 99
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[LOGO]
PRESS RELEASE
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FOR IMMEDIATE RELEASE CONTACT: JAMES L. DAVIDSON, JR.
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October 15, 1997 PRESIDENT & CEO
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FFVA FINANCIAL CORPORATION
Announces 10% Stock Repurchase Program
Lynchburg, Virginia -- October 15, 1997 -- FFVA Financial Corporation,
the holding company of First Federal Savings Bank of Lynchburg, has announced
that it has adopted a stock repurchase program under which it may repurchase up
to 452,000 shares of the Company's common stock commencing on or after October
15, 1997.
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 become
authorized but unissued shares and will be utilized for general corporate
purposes.
First Federal Savings Bank of Lynchburg is headquartered in Lynchburg,
Virginia and operates through its main office and eleven branch offices. The
Bank's deposits are insured up to maximum legal limits by the Federal Deposit
Insurance Corporation (FDIC). At September 30, 1997, the Company had total
assets and stockholders' equity of $567.3 million and $75.5 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
