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)
March 24, 1997
MISSISSIPPI VIEW HOLDING COMPANY
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(Exact name of Registrant as specified in its Charter)
Minnesota 0-25346 41-1795363
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
35 East Broadway, Minnesota 56345
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 632-5461
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Not Applicable
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(Former name or former address, if changed since last Report)
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MISSISSIPPI VIEW HOLDING COMPANY
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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The Registrant announced that it had received the necessary approvals from
the Office of Thrift Supervision ("OTS") to implement a stock repurchase program
for up to 81,874 shares of common stock representing up to 10% of the total
shares outstanding. It is anticipated that such shares of common stock will be
purchased in the open market from time to time during the next twelve months
based upon availability, market price and the financial performance of the
Registrant.
For further details, reference is made to the Press Release dated March
24, 1997, which is attached hereto as Exhibit 99 and incorporated herein by this
reference.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
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(c) Exhibits:
99 Press Release dated March 24, 1997.
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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.
MISSISSIPPI VIEW HOLDING COMPANY
Date: March 27, 1997 By: /s/Thomas J. Leiferman
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Thomas J. Leiferman
President and Chief Executive
Officer
EXHIBIT 99
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[MISSISSIPPI VIEW HOLDING COMPANY]
PRESS RELEASE March 24, 1997
For More Information, contact:
Thomas J. Leiferman, President/CEO
Mississippi View Holding Company
35 East Broadway
Little Falls, MN 56345-3093
(320) 632-5461
Mississippi View Holding Company
Authorization of Stock Repurchase Program by Board
Little Falls, Minnesota -- March 24, 1997 -- Mississippi View Holding Company,
the holding company of Community Federal Savings and Loan Association of Little
Falls, has announced its intention to repurchase up to 81,874 shares of the
Company's common stock. Mr. Thomas J. Leiferman, President, said the Company has
been authorized by its Board of Directors to repurchase up to 10% of its 818,743
outstanding shares of common stock. The Company has filed the necessary
regulatory notices and has received regulatory approval to initiate the
repurchase program.
The repurchases will be made in open-market transactions, subject to the
availability of the stock, market conditions, the trading price of the stock and
the Company's financial performance. Such repurchased shares will become
treasury shares and will be utilized for general corporate purposes, including
the issuance of shares in connection with the exercise of stock options.
Community Federal Savings and Loan Association of Little Falls is headquartered
in Little Falls, Minnesota and operates through its main office. The
Association's deposits are insured up to legal maximum limits by the Federal
Deposit Insurance Corporation (FDIC). At December 31, 1996, the Company had
total assets and stockholders' equity of $70,328,787 and $13,035,178
respectively. The Company is listed on the Nasdaq Small-Cap Market under MissVw
and is traded under the Nasdaq symbol of "MIVI".
