UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 23, 1996
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Commission file number 33-47248
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WEETAMOE BANCORP
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(Exact name of registrant as specified in its charter)
Massachusetts 04-3061936
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(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organizaton) Number)
100 Slade's Ferry Avenue 02726
Somerset, Massachusetts -----
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(Address of Principal Executive Offices)
(508)675-2121
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(Registrant's Telephone Number, including Area Code)
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(Former Name or Former Address, if changed since last report)
Item 2. Acquisition or Disposition of Assets
On August 23, 1996 Weetamoe Bancorp ("the Company") effected its
acquisition of Fairbank, Inc., a Massachusetts corporation ("Fairbank"), and
its wholly owned subsidiary, the National Bank of Fairhaven, through the
Company's wholly owned subsidiary, Slade's Ferry Bank. The acquisition was
accomplished by the payment by Slade's Ferry Bank of $8,558,800.25 in cash
from its capital funds for all of the outstanding shares of the common stock
of Fairbank, Inc. The payment involved was determined by arm's length
negotiation between the parties. As a result of the acquisition, Fairbank,
Inc. was dissolved, and the National Bank of Fairhaven was merged into
Slade's Ferry Bank. The National Bank of Fairhaven's two banking offices in
Fairhaven and New Bedford, Massachusetts have become branches of Slade's
Ferry Bank.
The National Bank of Fairhaven had assets of approximately $65 Million
at year end 1995, while Slade's Ferry Bank ended the year at $233 Million.
The combined entity with assets of almost $300 Million will operate nine
full time banking offices serving Fairhaven, New Bedford, Fall River,
Somerset, Swansea, Seekonk and surrounding towns.
Item 7. Financial Statements and Exhibits
(a) Financial Statements. None. It was impracticable at this time
to provide required financial statements
for Fairbank, Inc. and pro forma financial
information. Such statements and information
will be filed as soon as possible and no later
than November 6, 1996.
(b) Pro Forma Financial
Information. None. See above.
(c) Exhibits. See Exhibits Index
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 hereto duly authorized.
WEETAMOE BANCORP
(Registrant)
September 6, 1996 By /s/ Ralph S. Borges
(Date) (Signature) Ralph S. Borges
Treasurer
EXHIBIT INDEX
Exhibit No. Description
20.1 August 29, 1996 press release announcing acquisition
20.2 March 19, 1996 notification to stockholders announcing
acquisition