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) December 3, 1999
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CSB Financial Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-26650 37-1336338
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Commission File (IRS Employer
Number) Identification No.)
200 South Poplar Street
Centralia, Illinois 62801
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(Address of principal executive officers) (Zip Code)
Registrant's telephone number, including area code (618) 532-1918
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Item 5. Other Events
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On December 3, 1999, the Registrant and Midland States Bancorp,
Inc. jointly announced that they had signed a letter of intent under
which Midland States Bancorp had agreed in principle to purchase all
of the issued and outstanding shares of common stock of the Registrant
for an aggregate cash consideration of approximately $11.7 million, or
$16.00 per share. This proposed acquisition is subject to, among
other things, the negotiation and execution of a definitive
acquisition agreement, requisite regulatory approvals, the approval of
stockholders of the Registrant, and the satisfaction of certain other
conditions. Additional information concerning the foregoing can be
found in the Registrant's press release, which is attached hereto as
Exhibit 99.1
Item 7. Financial Statements and Exhibits
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(c) Exhibits
Exhibit 99.1 December 3, 1999 Press Release
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.
CSB FINANCIAL GROUP, INC.
By: K. Gary Reynolds
/s/ K. Gary Reynolds
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K. Gary Reynolds
President and Chief Executive Officer
Dated: December 3, 1999
EXHIBIT INDEX
Number Description
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99.1 December 3, 1999 Press Release
EXHIBIT 99.1
MIDLAND STATES BANCORP, INC. PLANS TO ACQUIRE CSB FINANCIAL GROUP,
INC.
Effingham, Illinois and Centralia, Illinois (December 3, 1999) -
Midland States Bancorp, Inc., parent of Effingham State Bank,
Effingham, Illinois and CSB Financial Group, Inc. (OTC: CSBF - news),
parent of Centralia Savings Bank, Centralia, Illinois, today jointly
announced that Midland States Bancorp plans to acquire CSB Financial
Group and its subsidiary. Both companies have signed a letter of
intent.
Under the letter of intent, Midland States Bancorp has agreed in
principle to purchase all of the issued and outstanding shares of
common stock of CSB Financial Group for an aggregate cash
consideration of approximately $11.7 million, or $16.00 per share.
This proposed acquisition is subject to, among other things, the
negotiation and execution of a definitive acquisition agreement,
requisite regulatory approvals, the approval of stockholders of CSB
Financial Group, and the satisfaction of certain other conditions.
Midland States Bancorp operates community-oriented banks in Effingham,
Farina and Altamont, Illinois, and has a pending acquisition in
Greenville, Illinois. CSB Financial Group operates a community-
oriented bank with offices in Centralia and Carlyle, Illinois.
Contact: Effingham State Bank
Randall J. Dempsey, 217/342-2141
or
CSB Financial Group, Inc.
K. Gary Reynolds, 618/532-1918
