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): | | May 8, 2009 |
Allegheny Bancshares, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| | | |
| West Virginia | 000-50151 | 22-3888163 |
_____________________
(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| | | |
| PO Box 487, 300 N Main St, Franklin, West Virginia | | 26807 |
_________________________________
(Address of principal executive offices) | | ___________
(Zip Code) |
| | | |
| Registrant’s telephone number, including area code: | | 304-358-2311 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On April 17, 2009, Pendleton Community Bank, Inc. ("Pendleton"), a wholly owned subsidiary of the Registrant, completed the previously announced acquisition of certain assets and assumption of certain deposits and other liabilities with Citizens National Bank ("Citizens") pursuant to the Purchase and Assumption Agreement dated January 13, 2009 as originally filed with form 8-K.
A summary of the net assets (in thousands) acquired in the business acquisition is as follows:
Cash at settlement $ 6,516
Loans acquired 13,713
Real property acquired 1,019
Deposit premium paid 845
All other assets 42
Total assets acquired $ 22,135
Deposits assumed $ 22,133
Other liabilities assumed 2
Total liabilities assumed $ 22,135
Item 9.01 Financial Statements and Exhibits.
The pro forma financial information required by this Item is not required since it was determined that the business acquisition is not significant to the operations of the Registrant.
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.
| | | | | |
| | | Allegheny Bancshares, Inc. |
| | | | | |
| May 11, 2009 | | By: | | William Loving, Jr., CLBB
|
| | | | |
|
| | | | | Name: William Loving, Jr., CLBB |
| | | | | Title: CEO/EVP |
