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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: August 22, 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 (articles attached):
Redwood Empire Bancorp announces share repurchase program.
Redwood Empire Bancorp declares quarterly dividend.
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.
Date: 08-22-01 REDWOOD EMPIRE BANCORP
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(Registrant)
By: /s/ James E. Beckwith
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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
SHARE REPURCHASE PROGRAM
SANTA ROSA, Calif. (August 22, 2001) -- Redwood Empire Bancorp (NASDAQ: REBC)
today announced the Company's Board of Directors have authorized the repurchase
of up to 237,000 common shares or 10% of the Company's outstanding common stock.
The repurchases will be made from time to time by the Company in the
open market as conditions allow. All such transactions will be structured to
comply with Securities and Exchange Commission rules and all shares repurchased
under this program will be retired. The number, price and timing of the
repurchases shall be at the Company's sole discretion and the program may be
re-evaluated depending on market conditions, liquidity needs or other factors.
The Board of Directors, based on such re-evaluations, may suspend, terminate,
modify or cancel the program at any time without notice. "We believe that shares
of Redwood Empire currently represent a compelling value, and that this
repurchase program provides the opportunity to enhance returns on capital and
increased earnings per share over the long-term," said James Beckwith.
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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FOR: REDWOOD EMPIRE BANCORP
APPROVED BY: James E. Beckwith
Chief Operating Officer
(707) 522-5215
For Immediate Release
REDWOOD EMPIRE BANCORP DECLARES QUARTERLY DIVIDEND
SANTA ROSA, Calif. (August 22, 2001) -- Redwood Empire Bancorp (NASDAQ: REBC)
today announced that its Board of Directors has declared a quarterly cash
dividend of twenty cents per share on the Company's Common Stock. The dividend
is payable on October 15, 2001 to shareholders of record on September 28, 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.
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