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) August 22, 1996
SWVA Bancshares, Inc.
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(Exact Name of Registrant as Specified in Charter)
Virginia 0-24674 54-1721629
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(State or Other Jurisdiction (Commission File Number) (IRS Employer No.)
of Incorporation)
302 Second Street, S.W., Roanoke, Virginia 24011-1597
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (540) 343-0135
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Item 5. Other Events
On August 22, 1996, the registrant declared a semi-annual cash dividend of
$0.15 per common share of stock payable to holders of record as of September 9,
1996. The dividend is payable on September 30, 1996.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
99 Press release related to dividend declaration.
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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.
SWVA BANCSHARES, INC.
Date: August 26, 1996 By /s/B.L. Rakes
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B.L. Rakes, President
(Duly authorized representative)
EXHIBIT 99
Press Release
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Exhibit 99
[SWVA BANCSHARES, INC. LETTERHEAD]
NEWS RELEASE
CONTACT: B.L. Rakes, President & CEO
Mary G. Staples, PFO
(540) 343-0135
Date: August 22, 1996
SWVA Bancshares, Inc. is pleased to announce that the Board of Directors
of the Company, at a meeting of the Board of Directors on August 21, 1996,
declared a semi-annual dividend of $0.15 per share payable on September 30, 1996
to shareholders of record at the close of business on September 9, 1996.
Southwest Virginia Savings Bank, FSB is a federally chartered savings
bank, the deposits of which are insured by the FDIC to the fullest extent
provided by law. The Bank is headquartered in Roanoke, Virginia and operates 5
full-service banking facilities and a mortgage organization office serving
Roanoke City, Roanoke County, Salem City and adjacent counties. The Bank has
served the community since 1927.
The Bank exceeds all current regulatory capital ratio requirements and
continues to meet the "well capitalized" regulatory definition, the highest such
rating.
SWVA Bancshares, Inc., Common stock shares are listed over-the-counter
through the National Daily Quotation System "Pink Sheet".
302 Second Street, S.W. Roanoke, Virginia 24011-1597 (703) 343-0135
