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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 (Date of Earliest Event Reported) June 2, 2000
GREATER ATLANTIC FINANCIAL CORP.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-26467 54-18773112
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(State or other Jurisdiction of (Commission (IRS Employer
Incorporation or Organization File Number) Identification No.)
10700 Parkridge Boulevard, Reston, Virginia 20191
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(Address of Principal Executive Offices) (Zip Code)
(703) 391-1300
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(Registrant's Telephone Number, including Area Code)
Not Applicable
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(Former Name or Former Address, If Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
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On June 5, 2000, Greater Atlantic Financial Corp., a Delaware corporation
("Greater Atlantic"), announced that it had entered into an Agreement and Plan
of Merger, dated as of June 2, 2000 (the "Merger Agreement"), with Dominion
Savings Bank, FSB. Under the terms of the Agreement, Greater Atlantic Financial
Corp. will pay the shareholders of Dominion Savings Bank cash in an amount to be
determined shortly prior to closing which the parties currently estimate, based
on certain assumptions, will be approximately $1.1 million or $3.13 per share
for the 351,213 shares of Dominion Savings Bank Common Stock outstanding. The
acquisition, which is expected to be completed by September 30, 2000, will
result in the merger of Dominion Savings into Greater Atlantic Bank, Greater
Atlantic's subsidiary, and is subject to approval by the shareholders of
Dominion Savings Bank and regulatory authorities.
The merger was publicly announced in a press release dated June 5, 2000, a
copy of which is attached as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit 99.1 Press Release dated June 5, 2000.
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.
Dated: June 7, 2000 By:/s/ Carroll E. Amos
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Carroll E. Amos
President and Chief Executive Officer
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