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UNITED STATES
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 13, 1999
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FIRST BELL BANCORP, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-25172 251752651
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(State or other Jurisdiction of (Commission (IRS Employer
Incorporation or Organization) File Number) Identification No.)
300 Delaware Avenue, Suite 1704, Wilmington, Delaware 19801
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(Address of Principal Executive Offices) (Zip Code)
(302) 427-7883
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(Registrant's Telephone Number, including Area Code)
Not Applicable
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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 13, 1999, First Bell Bancorp, Inc. announced in a press release
that it had completed its Sixth Stock Repurchase Program and announced that the
Board of Directors had adopted a Seventh Stock Repurchase Program.
The press release issued by First Bell Bancorp, Inc. with respect to the
foregoing is filed herewith as Exhibit 99.1.
ITEM 7(C). FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit 99.1 Press Release issued by First Bell Bancorp, Inc. on October
13, 1999.
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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 hereunto duly authorized.
FIRST BELL BANCORP, INC.
Dated: October 14, 1999 By: /s/ Albert H. Eckert, II
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Albert H. Eckert, II,
President and Chief
Executive Officer
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EXHIBIT INDEX
Exhibit 99.1 Press Release issued by First Bell Bancorp, Inc. on
October 13, 1999.
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FIRST BELL BANCORP, INC.
300 delaware avenue, suite 1704, wilmington, delaware 19801
NEWS
RELEASE
FOR IMMEDIATE RELEASE
CONTACT: ALBERT H. ECKERT, II
PRESIDENT AND CEO
PHONE: (412) 734-2700
FIRST BELL BANCORP, INC., ANNOUNCES COMPLETION
OF ITS SIXTH STOCK REPURCHASE PROGRAM AND THE
COMMENCEMENT OF A SEVENTH STOCK REPURCHASE PROGRAM
WILMINGTON, DELAWARE, OCTOBER 13, 1999 - First Bell Bancorp, Inc. (NASDAQ -
"FBBC") today announced the completion of its Sixth Stock Repurchase Program
which was initiated on April 9, 1999. Under the Sixth Repurchase Program, the
Company purchased 585,651 shares of its common stock at an average price of
$18.88.
In addition, the Company is pleased to announce that the Board of Directors has
adopted a Seventh Stock Repurchase Plan. Under the new program, the Company will
repurchase up to 5% or 264,978 shares of Common Stock through registered broker
dealers. The repurchase program will be completed prior to October 1, 2000,
subject to the availability of stock.
Albert H. Eckert, II, President and Chief Operating Officer of the Company
stated, "The Board of Directors believes that this repurchase program provides a
prudent long-term opportunity for the Company, while enhancing shareholder
value. The return on equity and price to earnings ratio of the common stock
makes an investment in the common stock a better use of the Company's funds than
certain other investment opportunities."
Additional information on First Bell Bancorp, Inc. and its subsidiary, Bell
Federal Savings and Loan Association of Bellevue, can be found on the world wide
web at www.bellfederalsavings.com.
