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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)
October 17, 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 October 17, 1996, the Registrant issued for publication the press
release attached as Exhibit "99" announcing a cash dividend for the quarter
ended September 30, 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 thereunto duly authorized.
EAST TEXAS FINANCIAL SERVICES, INC.
Date: October 17, 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.
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99 Press release, published on October 17, 1996. 6
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EXHIBIT 99
[LETTERHEAD OF EAST TEXAS FINANCIAL SERVICES, INC. APPEARS HERE]
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, October 17, 1996
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EAST TEXAS FINANCIAL SERVICES, INC.
DECLARES CASH DIVIDEND
Tyler, Texas, October 17, 1996--- East Texas Financial Services, Inc.
NASDAQ:ETFS), the holding company for First Federal Savings and Loan Association
of Tyler, Texas, today has announced that the Company has declared a cash
dividend of $0.05 per share for the quarter ended September 30, 1996. The
dividend will be payable on November 27, 1996, to stockholders of record as of
November 13, 1996.
East Texas Financial Services, Inc., was formed in 1994 and acquired all of the
shares of First Federal Savings and Loan Association of Tyler upon its
conversion from a mutual to a stock savings and loan association effective
January 10, 1995. The Company sold 1,215,190 shares of $0.01 par value common
stock at $10.00 per share in its initial public stock offering. The Company had
1,079,285 shares outstanding as of September 30, 1996. Shares of the Company's
stock have traded between $14.00 and $15.50 over the last three months.
First Federal serves primarily Smith County, Texas, through its two full
service retail banking offices located in Tyler and Whitehouse and its loan
production office located in the Tyler area. At September 30, 1996, First
Federal exceeded all applicable regulatory capital requirements.
The Company's stock is traded under the symbol "ETFS" on the NASDAQ National
Market System and is listed in most daily newspapers as "EastTxFnl".
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