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 28, 1997
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 Number)
incorporation
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
On October 28, 1997, the Registrant issued for publication the press
release attached as Exhibit "99" announcing the declaration of a quarterly cash
dividend for the quarter ended September 30, 1997.
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Exhibit
Number Description
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99 Press release, published on October 28, 1997.
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<PAGE>
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 28, 1997 By: /s/ GERALD W. FREE
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Gerald W. Free
Vice Chairman, President
and Chief Executive Officer
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<PAGE>
EXHIBIT "99"
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{GRAPHIC-LOGO] EAST TEXAS FINANCIAL SERVICES, INC.
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1200 South Beckham - P.O.Box 6910 - Tyler, TX 75711-6910 -
903-593-1767 - Fax 903-593-1094
NEWS RELEASE
For verification, contact: Gerald W. Free, Vice Chairman/President/CEO
Derrell W. Chapman, Vice President/COO/CFO
Telephone: (903) 593-1767
Fax: (903) 593-1094
For immediate release, October 28, 1997
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EAST TEXAS FINANCIAL SERVICES, INC.
DECLARES CASH DIVIDEND
Tyler, Texas, October 28, 1997, --- 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, 1997. The dividend will
be payable on November 26, 1997, to stockholders of record as of November 12,
1997.
As of September 30, 1997, the Company had outstanding 1,025,321 shares of stock.
During the quarter ended September 30, 1997, shares of the Company's stock
traded between $18.00 per share and a record high of $20.50 per share in the
last week of the quarter.
First Federal Savings and Loan Association serves primarily Smith County, Texas,
through its two full service retail banking offices located in Tyler and
Whitehouse and two loan production offices located in Tyler and Lindale.
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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Serving the Financial Needs of East Texas
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