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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: May 17, 2001
REDWOOD EMPIRE BANCORP
(Exact number of Registrant as specified in its charter)
California File No. 0-19231 68-0166366
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(State or other jurisdiction of (Commission File Number) (IRS Employer)
Incorporated or organization) Identification No.)
111 Santa Rosa Avenue, Santa Rosa, California 95404-4905
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (707) 573-4800
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Item 5. Other Events
Press release for the following (article attached):
Redwood Empire Bancorp announces completion of its current share
repurchase program and an increase in its quarterly cash dividend to
twenty cents per share on the Company's Common Stock.
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.
05-17-01
Date: ___________________ REDWOOD EMPIRE BANCORP
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(Registrant)
/s/ James E. Beckwith
By:
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James E. Beckwith
Executive Vice President and
Chief Operating Officer
FOR: REDWOOD EMPIRE BANCORP
APPROVED BY: James Beckwith
Chief Operating Officer
(707) 522-5215
For Immediate Release
REDWOOD EMPIRE BANCORP ANNOUNCES COMPLETION
OF ITS CURRENT SHARE REPURCHASE PROGRAM AND AN
INCREASE IN ITS QUARTERLY DIVIDEND OF 33% TO $.20 PER SHARE
SANTA ROSA, Calif. (May 16, 2001) -- Redwood Empire Bancorp (NASDAQ: REBC) today
announced that it has completed its share repurchases announced on January 24,
2001 and February 20, 2001. Under these repurchases the Company bought a total
of approximately 542,000 shares at an average price of $27.93 per share.
The Board of Directors has also declared a quarterly cash dividend of
twenty cents per share on the Company's Common Stock. This dividend declaration
represents an increase of five cents a share or 33%. The dividend is payable on
July 16, 2001 to shareholders of record on June 29, 2001.
Redwood Empire Bancorp is the holding company for National Bank of the
Redwoods, a commercial bank. The Company operates through branches in Sonoma,
Mendocino and Lake Counties.
The statements contained in this release, which are not historical
facts, are forward-looking statements that are subject to risks and
uncertainties. Actual results may differ materially from those set forth in or
implied by forward-looking statements. These risks are described in the
Company's Securities and Exchange Commission filings.
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