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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, 1999
NS&L Bancorp, Inc.
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(Exact name of registrant as specified in charter)
Missouri 0-25814 43-1709446
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
111 East Main Street, Neosho, Missouri 64850
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (417) 451-0429
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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 March 25, 1999, the Registrant announced that its Board of Directors
had declared a 20% stock dividend to stockholders of record on April 15, 1999.
The additional shares will be issued on April 30, 1999. Reference is made to the
Registrant's press release dated March 25, 1999, which is attached hereto as
Exhibit 99 and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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Exhibit 99 Registrant's Press release dated March 25, 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.
NS&L BANCORP, INC.
Date: March 25, 1999 By: /s/ C.R. Butler
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C.R. Butler
President and Chief
Executive Officer
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EXHIBIT 99 PRESS RELEASE
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EXHIBIT 99
FOR IMMEDIATE RELEASE
NS&L BANCORP, INC. ANNOUNCES
A 20% STOCK DIVIDEND
Neosho, Missouri (March 25, 1999) -- NS&L Bancorp, Inc. (Nasdaq
SmallCap:NSLB), today announced that its Board of Directors declared a 20% stock
dividend. The additional shares will be issued on April 30, 1999 to stockholders
of record on April 15, 1999. Stockholders will receive one new share for each
five shares owned as of April 15, 1999.
No fractional shares will be issued. Stockholders entitled to a fractional
share will receive cash in lieu thereof in an amount equal to the average of the
high and low bid prices of a share of the Company's common stock on the record
date.
The Company also declared its regular quarterly dividend of $.16 per
common share pre- stock dividend, payable on April 30, 1999 to stockholders of
record on April 15, 1999. Following the stock dividend, the Company intends to
maintain its dividend per common share at an annual rate of $.64 per share. This
will result in an effective increase of 20% in the annual dividend rate.
NS&L Bancorp, Inc. is the holding company for Neosho Savings and Loan
Association, F.A., which conducts operations in Neosho, Missouri.
Contact: C.R. Butler
President and Chief Executive Officer
(417) 451-0429
