SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 10, 1999
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FIRST COMMUNITY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
Indiana 0-19618 35-1833586
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
210 East Harrison
Bargersville, Indiana
(Address of principal executive offices)
46106
(Zip Code)
(317) 442-5171
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Item 5. Other Events
On November 10, 1999 First Community Bancshares, Inc. (the "Registrant,"
"us," or "we") entered into an Agreement and Plan of Reorganization with Blue
River Federal Savings Bank ("Blue River") which contemplates our acquiring Blue
River for approximately $3.9 million. Blue River is a federally chartered stock
savings bank with its only facility located in Edinburgh, Johnson County,
Indiana. Based upon the Report on Form 10-Q for the quarterly period ended
September 30, 1999, of Blue River Savings Bank as filed with the Office of
Thrift Supervision, at September 30, 1999 Blue River had total assets of
approximately $26.5 million, deposits of approximately $18.3 million, net loans
of $21.4 million, and shareholders' equity of approximately $2.6 million. As of
the same date we had total assets of approximately $149.2 million, deposits of
approximately $131 million, net loans of approximately $105 million and
shareholders' equity of approximately $8.9 million.
We will form an interim Indiana chartered bank subsidiary which will
initially be merged with and into Blue River and thereafter Blue River will be
merged with and into First Community Bank and Trust Company, our wholly-owned
subsidiary.
Closing of the transaction is subject to a number of conditions
including various regulatory approvals and is not expected to occur until next
year.
Item 7. Financial Statement and Exhibits
A. Agreement and Plan or Reorganization by and between Blue River
Federal Savings Bank, a federally chartered stock savings bank, and
First Community Bancshares, Inc., an Indiana corporation and bank
holding company, dated November 10, 1999.
B. Press Release issued November 11, 1999 by the registrant.
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
First Community Bancshares, Inc.
(Registrant)
Date: November 16, 1999 By: /s/ Albert R. Jackson, III
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Albert R. Jackson, III
CEO