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UNITED STATES
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) SEPTEMBER 16, 1996
CALIFORNIA INDEPENDENT BANCORP
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
CALIFORNIA 0-26552 68-0349947
(STATE OF INCORPORATION) (COMMISSION FILE NUMBER) (IRS EMPLOYER
IDENTIFICATION NO.)
1005 STAFFORD WAY, YUBA CITY, CALIFORNIA 95991
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE 916-674-4444
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
A. SIGNING OF A DEFINITIVE AGREEMENT
ON SEPTEMBER 16, 1996, FEATHER RIVER STATE BANK, THE BANKING
SUBSIDIARY OF CALIFORNIA INDEPENDENT BANCORP, ANNOUNCED THE SIGNING
OF A DEFINITIVE AGREEMENT WHEREBY FEATHER RIVER STATE BANK WILL
ACQUIRE EPI LEASING COMPANY OF CITRUS HEIGHTS, CALIFORNIA.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENT OF BUSINESS ACQUIRED, NOT APPLICABLE.
(b) PRO FORMA FINANCIAL INFORMATION, NOT APPLICABLE.
(c) EXHIBITS. SEE INDEX TO EXHIBITS ON PAGE 4.
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SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
COMPANY HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED HEREUNTO DULY AUTHORIZED.
CALIFORNIA INDEPENDENT BANCORP
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(COMPANY)
DATED: SEPTEMBER 17, 1996 BY: /s/ ANNETTE BERTOLINI
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ANNETTE BERTOLINI
SENIOR VICE PRESIDENT
AND CHIEF FINANCIAL OFFICER
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INDEX TO EXHIBITS
EXHIBIT SEQUENTIALLY
NUMBER EXHIBIT NUMBERED PAGE
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4.1 PRESS RELEASE 5
4
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EXHIBIT 4.1
[LETTERHEAD]
For additional information, please contact: September 16, 1996
Robert J. Mulder
(916) 674-4444
P R E S S R E L E A S E
FEATHER RIVER STATE BANK, the banking subsidiary of California Independent
Bancorp, today announced the signing of a definitive agreement whereby FRSB
will acquire EPI LEASING COMPANY of Citrus Heights (near Sacramento).
EPI is an established equipment leasing company with annual volume of more
than $12 million in business equipment leases generated from throughout the
United States, but mostly from the western states.
Robert Mulder, President and Chief Executive Officer of FRSB, stated that EPI
will become a subsidiary of FRSB. "This structure allows us to acquire some,
but not all, leases generated by EPI, allowing FRSB to further diversify its
asset portfolio with high-yielding, quality leases from a dependable source."
In addition, EPI will continue its role as broker/seller whereby its leases
are sold to other funding sources around the country.
Carolyn Roth, President and owner of EPI, stated that she was extremely
pleased to be associated with FRSB, giving her the capital and resource
backing to significantly increase the volume generated by EPI. "EPI is
planning to add an outside salesperson to its current staff of 17 people to
handle primarily agricultural equipment leases expected to be generated in
FRSB's primary trading area of Yuba, Sutter, Colusa and Yolo Counties, where
FRSB operates six branches."
The transaction is subject to required regulatory approvals and is expected
to be completed within 30 days.
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