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): October 19, 1995 (October
17, 1995)
SUMMIT BANCSHARES, INC.
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(Exact name of registrant as specified in its charter)
Texas 0-11986 75-1694807
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1300 Summit Avenue
Fort Worth, Texas 76102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (817) 336-6817
Not applicable
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(Former name or former address, if changed since last report)
Item 1. Not Applicable.
Item 2. Not Applicable.
Item 3. Not Applicable.
Item 4. Not Applicable.
Item 5. Other Events.
The Board of Directors of the Company has declared a two (2)
for one (1) stock split to be effected as a 100% stock
dividend. The stock dividend is to be payable on December 6,
1995 to holders of record of the Company's common stock as of
the close of business on November 20, 1995.
All certificates representing issued shares (including treasury
shares) which are in existence on December 6, 1995 shall
thereafter, without any further action being taken, represent
the same number of shares as they theretofore represented.
The shares of the Company's common stock to be issued as a
result of such stock dividend shall be issued at the par
value of such stock, $1.25 per share, and an amount of
surplus equal to the aggregate par value of the shares
issued pursuant to such stock dividend shall be
transferred to stated capital of the Company.
Item 6. Not Applicable.
Item 7. Financial Statements and Exhibits.
(a) Not Applicable
(b) Not Applicable
(c) Exhibits
28(a) Press Release, dated October 19, 1995
Item 8. Not Applicable.
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.
SUMMIT BANCSHARES, INC.
By: /s/ Bob G. Scott
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Bob G. Scott
Senior Vice President and
Chief Financial Officer
DATE: October 19, 1995
EXHIBIT INDEX
Exhibit No. Exhibit Page
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28(a) Press Release, dated October 19, 1995
EXHIBIT 28(a)
N E W S from Summit Bancshares, Inc.
For Immediate Release For Information Contact:
October 19, 1995 Philip E. Norwood, CEO
Bob G. Scott, CFO
(817) 877-2660
SUMMIT BANCSHARES ANNOUNCES
2 FOR 1 STOCK SPLIT
Fort Worth, Texas - Summit Bancshares, Inc. (Nasdaq: SBIT) today announced
that the Board of Directors has declared a two (2) for one (1) stock split to
be effected as a 100% stock dividend. The stock split is to be payable on
December 6, 1995 to holders of record of the Company's common stock as of the
close of business of November 20, 1995.
James L. Murray, Chairman of Summit Bancshares, Inc., stated, "We believe this
stock split will benefit our shareholders by increasing the shares outstanding
and improving the liquidity of our common stock."
SBI is a community oriented bank holding company with three banking
subsidiaries - Summit National Bank, Alta Mesa National Bank and Camp Bowie
National Bank. The banks are engaged in full-service commercial and consumer
banking in Tarrant County with consolidated assets of $330 million.
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Summit Bancshares, Inc. 1300 Summit Ave., Ste. 604 Fort Worth, Texas 76102
Telephone (817) 336-6817 FAX (817) 877-2726