UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
-----------------------------------------
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) November 2, 1999
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)
101 W. 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
<PAGE>
Item 5. Other Events
(a) As detailed in the following press release (see Exhibit 22), James M.
Stutsman has stepped down as chief financial officer of Community Bank Shares,
Inc. (the "Company").
<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 November 9, 1999 BY:
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Michael L. Douglas
President and CEO
Dated November 9, 1999 BY:
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Paul A. Chrisco
Acting Chief Accounting Officer
News Release
CONTACT:
Donn Dunker
(812) 981-7356
FOR IMMEDIATE RELEASE
NEW ALBANY, Ind. (Nov. 2, 1999) - Community Bank Shares of Indiana, Inc.
has announced today that James M. Stutsman has stepped down from his position as
chief financial officer to pursue new career opportunities.
"Jim has been a valuable contributor in his twenty-one year career with our
organization," President and CEO Michael L. Douglas said. "He has provided keen
insight into strategic issues along with excellent counsel on the challenges we
face in today's competitive marketplace. His contribution and advice will
certainly be missed. We wish him well."
Community Bank Shares of Indiana, Inc., headquartered in New Albany, is
Southern Indiana's largest independent bank holding company with assets of $377
million as of October 1999. Its three affiliate banks include Community Bank and
Heritage Bank, which have offices in Floyd and Clark counties respectively, and
NCF Bank & Trust Co., in Bardstown, Ky.
