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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 20, 1996
EAST TEXAS FINANCIAL SERVICES, INC.
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(Exact name of Registrant as specified in its Charter)
DELAWARE 0-24848 75-2559089
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation) Number)
1200 SOUTH BECKHAM AVENUE, TYLER, TEXAS 75701-3319
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (903) 593-1767
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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On August 20, 1996, the Registrant issued for publication the press release
attached as Exhibit 99 announcing completion of the stock repurchase program.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
The Exhibit referred to in Item 5 of this Report and listed on the
accompanying Exhibit Index is filed as part of this Report and is incorporated
herein by reference.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
EAST TEXAS FINANCIAL SERVICES, INC.
Date: August 20, 1996 By: /s/ GERALD W. FREE
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Gerald W. Free
President and Chief
Executive Officer
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EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NO.
99 Press release, published on August 20, 1996 6
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EXHIBIT 99
[LOGO OF EAST TEXAS FINANCIAL SERVICES, INC. APPEARS HERE]
EAST TEXAS FINANCIAL SERVICES, INC.
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1200 SOUTH BECKHAM . P.0. BOX 6910 . TYLER, TX 75711-6910 .
9O3-593-1767 . FAX 903-593-1094
NEWS RELEASE
For verification, contact: Gerald W Free, President and CEO
Derrell W. Chapman, Vice President/COO/CFO
Telephone: (903) 593-1767
Fax: (903) 593-1094
For immediate release, August 20, 1996
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EAST TEXAS FINANCIAL SERVICES, INC.
ANNOUNCES COMPLETION OF STOCK REPURCHASE PROGRAM
Tyler, Texas, August 20, 1996 --- East Texas Financial Services, Inc.,
(NASDAQ:ETFS) today announced the completion of its third stock repurchase
program. On August 1, 1996, the Company announced its intention to repurchase,
in the open market, up to 5% or 56,695 shares of its common stock. Today, the
Company announces the completion of the repurchase of all 56,695 shares of the
stock at a purchase price of $15.18 per share. The repurchased shares will be
placed into treasury stock and be used for general corporate purposes, including
the issuance of shares under the Company's stock option plan.
East Texas Financial Services, Inc., is the holding company for First
Federal Savings and Loan Association of Tyler. The Company issued 1,215,190
shares of stock in its initial public offering completed on January 10, 1995, in
conjunction with the conversion of the Association from a federally chartered
mutual to stock savings and loan association. The Company now has outstanding
1,077,195 shares of stock.
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SERVING THE FINANCIAL NEEDS OF EAST TEXAS
