UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of event reported) December 2, 1996
Commission File No. 0-25766
Community Bank Shares of Indiana, Inc.
(Exact name of registrant as specified in its charter)
Indiana 35-1938254
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
202 East Spring St., PO Box 939, New Albany, Indiana 47150
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 1-812-944-2224
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This Current Report on Form 8-K is being filed to report the charter
conversion of Community Bank of Southern Indiana, FSB, a wholly owned subsidiary
of Community Bank Shares of Indiana. On December 2, 1996 Community Bank of
Southern Indiana converted to a commercial bank charter from a thrift charter.
The following press release is hereby filed as an exhibit with this report
To Our Community:
We are pleased to report that Community Bank has recently
received all of the necessary regulatory approvals for the conversion of its
thrift charter to a commercial bank charter. We plan to complete the charter
conversion on December 2, 1996.
Community Bank's vision is to position itself as a principal
catalyst of the continued economic growth and financial well being of the
municipal, private and business entities, and citizens that make up Southern
Indiana. We feel that as the largest locally owned commercial bank headquartered
in Southern Indiana, we are uniquely positioned to realize our vision, now and
into the 21st century.
Sincerely,
/s/ C. Thomas Young /s/ Robert E. Yates
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Community Bank of Community Bank of
Southern Indiana Southern Indiana
C. Thomas Young Robert E. Yates
Chairman President and CEO
P.S. If you have any questions at all about the charter conversion, please
do not hesitate to contact Bob Yates at (812) 944 - 2224 between 9 a.m. and 4
p.m., Monday through Friday.
<PAGE>
COMMUNITY BANK SHARES OF INDIANA, INC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed by the undersigned thereunto
duly authorized
COMMUNITY BANK SHARES
OF INDIANA, INC.
(Registrant)
Dated December 24, 1996 BY: /S/ Robert E. Yates
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Robert E. Yates
President and CEO
Dated December 24, 1996 BY: /S/ JAMES M. STUTSMAN
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James M. Stutsman
Chief Financial Officer
