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)
January 22, 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 January 22, 1997, the Registrant issued for publication the press
release attached as Exhibit "99" announcing the declaration of cash dividends
for the quarter ended December 31, 1996.
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Exhibit
Number Description
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99 Press release, published on January 22, 1996.
<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: January 22, 1997 By: /s/ GERALD W. FREE
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Gerald W. Free
President and
Chief Executive Officer
EXHIBIT "99"
<PAGE>
{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, President and CEO
Derrell W. Chapman, Vice President/COO/CFO
Telephone: (903) 593-1767
Fax: (903) 593-1094
For immediate release, January 22, 1997
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EAST TEXAS FINANCIAL SERVICES, INC.
DECLARES CASH DIVIDEND
Tyler, Texas, January 22, 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 December 31, 1996. The
dividend will be payable on February 26, 1997, to stockholders of record as of
February 12, 1997.
As of December 31, 1996, the Company had outstanding 1,079,285 shares of stock.
Shares of the Company's stock traded between $14.75 and $16.50 per share during
the quarter ended December 31, 1996, and reached an all time high of $18.75 per
share in the past two weeks.
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 its loan production office located in Tyler.
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
