UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT OF SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
July 16, 2001
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Date of Report (Date of earliest event reported)
ACCESS ANYTIME BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-28894 85-0444597
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No)
801 Pile Street
Clovis, New Mexico 88101
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(Address of principal Executive offices)
(505) 762-4417
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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 5. OTHER EVENTS AND REGULATION FD DISCLOSURE:
The following is a press release issued by the Company on July 17, 2001.
FOR IMMEDIATE RELEASE:
(ALBUQUERQUE, NEW MEXICO) JULY 17, 2001
ACCESS ANYTIME BANCORP, INC. COMPLETES SALE OF FOUR MILLION DOLLARS
($4,000,000) OF TRUST PREFERRED SECURITIES
Access Anytime Bancorp, Inc. ("Access") (Nasdaq: AABC), the holding company for
FIRSTBANK, announced today the issuance of $4 million of 10.25% Fixed Rate
Capital Trust Pass-through Securities ("TRUPS(R)") of Access Anytime Capital
Trust I with a liquidation value of $1,000 per share to mature 30 years from the
date of issuance. The securities represent undivided beneficial interests in the
trust, which was established by Access for the purpose of issuing the
securities. The TRUPS were sold in a private transaction exempt from
registration under the Securities Act of 1933, as amended (the "Act"), and have
not been registered under the Act. The securities may not be offered or sold in
the United States absent registration or an applicable exemption from
registration requirements. Access Anytime Capital Trust I used the proceeds from
the sale of the 10.25% TRUPS to purchase Junior Subordinated Debentures of
Access. Access intends to invest approximately $3 million of the net proceeds in
FIRSTBANK, its bank subsidiary, to increase its capital levels. It also intends
to use the remaining net proceeds for general corporate purposes.
The FIRSTBANK capital ratios after this injection of the new capital computed on
a pro forma basis as of June 30, 2001 will be: Tier 1 Core Capital 8.81%, Tier 1
Risk Capital 12.05%, and Total Risk-based Capital 12.71%. In addition to
increasing Tier 1 Capital to support current and future growth, other benefits
to the Company are that the periodic interest payments are tax-deductible to
Access and not dilutive to current common stockholders and earnings per share
(EPS) calculations.
This press release shall not constitute an offer to sell or the solicitation of
any offer to buy nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities law of any such state.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: Statements made in this news release that relate to future events are made
pursuant to the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based upon current expectations and Access
assumes no obligation to update this information. Because actual results may
differ materially from expectations, Access cautions readers not to place undue
reliance on these statements. A number of factors, including changes in economic
conditions in the company's market area, changes in policies by regulatory
agencies, fluctuations in interest rates, demand for loans in the company's
market area, and competition, could cause actual results to differ materially
from historical results and those presently anticipated or projected. For a
detailed discussion of the important factors affecting Access, please see the
company's Form 10-KSB for the year ended December 31, 2000 and Form 10-QSB for
the quarter ended March 31, 2001 filed with the Securities and Exchange
Commission.
FIRSTBANK currently has offices in Albuquerque, Clovis, Gallup and Portales, New
Mexico. The Company's common stock trades on the Nasdaq SmallCap Market tier of
the Nasdaq Stock Market under the symbol AABC.
SIGNATURES
Pursuant to the requirement 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.
ACCESS ANYTIME BANCORP, INC.
DATE: July 17, 2001
By: /s/ KEN HUEY, JR.
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Ken Huey, Jr. - President
Chief Financial Officer and Director