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) | June 9, 2008 |
First Keystone Financial, Inc. | ||||||
(Exact name of registrant as specified in its charter) | ||||||
Pennsylvania | 000-25328 | 23-2576479 | ||||
(State or other jurisdiction | (Commission File Number) | (IRS Employer | ||||
of incorporation) | Identification No.) | |||||
22 West State Street, Media, Pennsylvania | 19063 | |||||
(Address of principal executive offices) | (Zip Code) | |||||
Registrant’s telephone number, including area code | (610) 565-6210 |
Not Applicable | ||
(Former name, former address and former fiscal year, 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 (see General Instruction A.2 below): | ||
[ ] | 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 1.02 Termination of a Material Definitive Agreement
and
Item 2.04 | Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement |
On June 9, 2008, First Keystone Financial, Inc. (the “Company”) redeemed the remaining $2.0 million of the $8.0 million junior subordinated debentures (the “Debentures”) issued by the Company in November 2001. Simultaneously, the remaining $2.0 million of the $8.0 million of trust preferred securities (the “Securities”) issued by First Keystone Capital Trust II concurrently with the Company’s issuance of the Debentures were redeemed at a redemption price equal to the principal amount of each Security plus accrued and unpaid interest through the date of redemption. The Securities bore a floating interest rate, adjusted semi-annually, at 375 basis points over the six month LIBOR. The Company redeemed $6.0 million of the Securities and Debentures in June 2007.
Item 9.01 | Financial Statements and Exhibits | |
(a) | Not applicable. | |
(b) | Not applicable. | |
(c) | Not applicable. | |
(d) | Not applicable. | |
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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 thereunto duly authorized.
FIRST KEYSTONE FINANCIAL, INC. | ||
Date: June 13, 2008 | By: | /s/Thomas M. Kelly |
Thomas M. Kelly | ||
President and Chief Executive Officer | ||
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