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)
May 28, 1997
PREMIER FINANCIAL BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
KENTUCKY
(State or Other Jurisdiction of Incorporation)
0-20908 61-1206757
(Commission File Number) (I.R.S. Employee Identification No.)
120 N. HAMILTON STREET, GEORGETOWN, KENTUCKY 40324
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(502) 863-7500
ITEM 5. OTHER EVENTS.
On May 28, 1997, Premier Financial Bancorp, Inc., a Kentucky corporation
("Registrant"), entered into an Agreement and Plan of Merger (the
"Agreement"), pursuant to which Registrant intends to acquire The Sabina
Bank, Sabina, Ohio ("Sabina Bank") through a merger transaction in which PFBI
Interim Bank, a wholly owned subsidiary of Registrant, will merge into Sabina
Bank and each of the 110,000 outstanding shares of Common Stock of Sabina
Bank will be converted into the right to receive 4.33 Common Shares of
Registrant (the "Merger"). A copy of the Agreement is filed as an exhibit to
this Current Report. Following the Merger, Sabina Bank will be a wholly
owned subsidiary of Registrant. The Merger is intended to be a
"reorganization" under Section 368(a) of the Internal Revenue Code of 1986,
as amended, and is intended to qualify as a "pooling of interests" for
accounting purposes. Consummation of the Merger is conditioned on, among
other things, the approval of the Merger by the shareholders of Sabina Bank,
the receipt of all required regulatory approvals and the receipt of opinions
relating to tax and accounting matters.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
(2) Plan of acquisition, reorganization, arrangement, liquidation or
succession:
Agreement and Plan of Merger, dated as of May 28, 1997, among
Premier Financial Bancorp, Inc., PFBI Interim Bank and The Sabina
Bank.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on behalf by the undersigned
thereunto duly authorized.
PREMIER FINANCIAL BANCORP, INC.
By: /s/ J. Howell Kelly
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J. Howell Kelly
President
Dated: June 13, 1997
INDEX TO EXHIBITS
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EXHIBIT SEQUENTIALLY
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NO. DESCRIPTION OF DOCUMENT NUMBERED
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2 Agreement and Plan of Merger, dated as of May 28, 1997,
among Premier Financial Bancorp, Inc., PFBI Interim Bank
and The Sabina Bank (Sabina, Ohio).