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): August 9, 2001
FIRST COASTAL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-14087 06-1177661
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(State or other jurisdiction of (Commission File No.) (IRS Employer
incorporation) Identification No.)
1200 Congress Street, Portland, Maine 04102-2129
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (207) 774-5000
Not applicable
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(Former name or former address, if changed since last report)
ITEM 5. Other Events.
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First Coastal Corporation (the "Company") announced that the stockholders
of the Company have approved the Agreement and Plan of Merger between Norway
Bancorp, Inc., Norway Merger Subsidiary, Inc., Norway Savings Bank and First
Coastal Corporation and Coastal Bank. Under the terms of the Agreement, Norway
Bancorp, Inc., the mutual holding parent company of Norway Savings Bank, will
acquire First Coastal in a cash acquisition of $21.00 for each outstanding share
of First Coastal stock. The transaction, which is valued at approximately $27
million, has received the required regulatory approvals and is expected to close
on August 31, 2001.
The press release of the Company and the Bank is attached to this Current
Report on Form 8-K as Exhibit 99(a) and is hereby incorporated by reference
herein and made a part hereof.
ITEM 7. Financial Statements and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits
99(a). Press Release of the Company and the Bank dated August 9,
2001.
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SIGNATURES
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 thereunto duly authorized.
FIRST COASTAL CORPORATION
Date: August 9, 2001 By: /s/Gregory T. Caswell
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Gregory T. Caswell
President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Identity of Exhibit
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99(a). Press Release of the Company and the Bank dated August 9, 2001.