FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 2, 2000
Klamath First Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
Oregon 0-26556 93-1180440
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State or other jurisdiction Commission (I.R.S. Employer
of incorporation File Number Identification No.)
540 Main Street, Klamath Falls, Oregon 97601
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number (including area code): (541) 882-3444
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 November 2, 2000, the Registrant announced that they had named Kermit
K. Houser as the new President and Chief Executive Officer of the Registrant
and its wholly-owned subsidiary, Klamath First Federal Savings and Loan
Association ("Klamath First Federal"), effective November 15, 2000.
For further information, reference is made to the Registrant's press
release dated November 2, 2000, 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
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99 Press Release dated November 2, 2000
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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.
KLAMATH FIRST BANCORP, INC.
DATE: November 3, 2000 By: /s/ James D. Bocchi
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James Bocchi
Acting President and Chief Executive
Officer
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Exhibit 99
Press Release Dated November 2, 2000
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KLAMATH FIRST BANCORP, INC.
NAMES KERMIT K. HOUSER NEW PRESIDENT
AND CHIEF EXECUTIVE OFFICER
KLAMATH FALLS, Ore.-- (BUSINESS WIRE)-- Nov. 2, 2000-- Klamath First
Bancorp, Inc. (Nasdaq NMS: KFBI)--Rodney N. Murray, chairman of the board, of
Klamath First Bancorp, Inc. (the "Company") announced today that the board of
directors has named Kermit K. Houser as the Company's new president and chief
executive officer effective November 15, 2000.
Commenting on the search process, Murray remarked, "We were very pleased
with the caliber of candidates we were able to speak with during our extensive
selection process. Houser's commercial banking experience and other
qualifications are a great match with the direction we are moving our
company."
House began his career in banking in 1971 as a loan officer at Wells
Fargo Bank in Sacramento, California. In 1976 he joined the Oregon Bank (now
Bank of America) as vice president and manager of the Pendleton branch. In
1983 he was recruited by Seattle 1st National Bank (now Bank of America) as
vice president and team leader. In 1986 he moved with Seafirst to Portland as
vice president and manager to start a new loan production office. Following
the consolidation of Seafirst Oregon into Bank of America Oregon in 1991,
Houser was named senior vice president and manager for commercial banking. He
was elevated to executive vice president and senior credit officer in 1993.
In 1996, Houser moved to Fresno in his most recent position as senior vice
president and market executive for Bank of America's South Valley commercial
banking. He holds a bachelor of arts degree from California State University,
Stanislaus and is a graduate of Pacific Coast Banking School, Seattle,
Washington.
Houser is married and has two grown daughters residing in Portland.
Klamath First Bancorp, Inc. is the holding company for Klamath First
Federal Savings and Loan Association (the "Association") which operates 36
offices, in 22 counties throughout Oregon. Consolidated assets and net
earnings through the fiscal year ending September 30, 2000 were $995,575
million and $6.4 million, respectively.
Safe Harbor Clause: Except for the historical information in this news
release, the matters described herein are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995 and are
subject to risks and uncertainties that could cause actual results to differ
materially. Such risks and uncertainties include those related to the
economic environment, particularly in the region where Klamath First Bancorp,
Inc. operates, competitive products and pricing, fiscal and monetary policies
of the U.S. government, acquisitions and the integration of acquired
businesses, credit risk management, change in government regulations affecting
financial institutions, and other risks and uncertainties discussed from time
to time in
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Klamath First Bancorp, Inc.'s SEC filings including its 1999 Form 10-K.
Klamath First Bancorp, Inc. disclaims any obligation to publicly announce
future events or developments which affect the forward-looking statements
herein.
* * * * *
Contact: Klamath First Bancorp, Inc.
Frank X. Hernandez (541) 882-3444, ext. 113
Marshall J. Alexander (541) 882-3444, ext. 120
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