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)
September 3, 1999
EAST TEXAS FINANCIAL SERVICES, INC.
- --------------------------------------------------------------------------------
(Exact name of Registrant as specified in its Charter)
Delaware 0-24848 75-2559089
- --------------------------------------------------------------------------------
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation Number)
1200 South Beckham Avenue, Tyler, Texas 75701-3319
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (903) 593-1767
- --------------------------------------------------------------------------------
N/A
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On September 3, 1999, the Registrant issued for publication the press
release attached as Exhibit "99".
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.
<PAGE>
Exhibit
Number Description
- ------ -----------
99 Press release, published on September 3, 1999.
<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: September 3, 1999 By: /s/ GERALD W. FREE
------------------
Gerald W. Free
Vice Chairman, President and
Chief Executive Officer
EXHIBIT "99"
<PAGE>
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: September 3, 1999
- ------------------------------------------------------------------------------
EAST TEXAS FINANCIAL SERVICES, INC.
REPORTS EARNINGS AND DECLARES CASH DIVIDEND
Tyler, Texas, September 3, 1999, - - - East Texas Financial Services, Inc. (OTC
Bulletin Board: ETFS.OB), the holding Company for First Federal Savings and Loan
Association of Tyler, Texas, confirmed today that it had received an
unsolicited, non-binding expression of interest in acquiring the Company for a
cash purchase price of $16 per share, subject to certain contingencies, from
ETFS Acquisition Co.
"No firm offer has been made," stated East Texas' President and Chief
Executive Officer Gerald Free. President Free went on to say, "the Company is in
the process of evaluating its strategic alternatives, which include:
continuation of its growth strategy and the expansion of its products and
services to build long term shareholder value; the merits of this proposal;
acquisitions of other financial institutions; and other alternatives the Company
may have.
Mr. Free also cautioned shareholders that there could be no assurance
that any of the negotiations that East Texas may engage in would result in
either an acquisition by the Company or the sale of the Company.
# # #
