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 21, 1998
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 21, 1998, 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, 1998.
Item 7. Financial Statements and 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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Exhibit Sequential
Number Description Page No.
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99 Press release, published on October 21, 1998. 6
3
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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 21, 1998 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"
5
EAST TEXAS FINANCIAL SERVICES, INC.
1200 South Beckham o P. O. Box 6910 o Tyler, TX 75711-6910 o 903-593-1767
o 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 21, 1998
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EAST TEXAS FINANCIAL SERVICES, INC.
DECLARES CASH DIVIDEND
Tyler, Texas, October 21, 1998, --- 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, 1998. The dividend will
be payable on November 25, 1998, to stockholders of record as of November 11,
1998.
As of September 30, 1998, the Company had outstanding 1,464,056 shares of stock.
During the quarter ended September 30, 1998, shares of the Company's stock
traded between $13.00 per share and $15.50 per share.
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.
First Federal Savings and Loan Association anticipates opening a new branch in
the early part of 1999. President and CEO, Gerald W. Free, stated, "in an effort
to offer additional products and services to our existing customers and to
attract new customers, First Federal will be opening an additional full service
commercial banking office located at 7205 S. Broadway."
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
