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)
June 18, 1998
PERMANENT BANCORP, INC
(Exact name of Registrant as specified in its Charter)
Delaware 0-23370 35-1908797
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
101 Southeast Third Street, Evansville, Indiana 47708
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (812) 428-6800
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events
On June 18, 1998, Permanent Bancorp, Inc. issued the press release attached
hereto as Exhibit 99 announcing the declaration of an increased cash dividend.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 99 Press Release
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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 thereunto duly authorized.
PERMANENT BANCORP, INC.
Date: June 18, 1998 By: /s/ Donald P. Weinzapfel
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Donald P. Weinzapfel
Chairman of the Board,
President and Chief Executive Officer
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Exhibit 99
Permanent
Bancorp, Inc., Holding Company for Permanent Federal Savings Bank
NEWS RELEASE
Donald P. Weinzapfel
Chairman of the Board, FOR IMMEDIATE RELEASE
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President & Chief June 18, 1998
Executive Officer
Permanent Bancorp, Inc.
101 S.E. Third Street FOR FURTHER INFORMATION
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Evansville, IN 47708 Robert A. Cern
812-428-6800 812/428-6804
PERMANENT BANCORP, INC. DECLARES INCREASED CASH DIVIDEND
EVANSVILLE, IN (NASDAQ: "PERM"), Permanent Bancorp, Inc., the parent
corporation of Permanent Federal Savings Bank, has announced that it has
declared a regular quarterly cash dividend of 6 cents per share. This is an
increase from the previous quarter's dividend rate of 5 1/2 cents per share. The
cash dividend will be payable on or about July 21, 1998 to stockholders of
record on June 30, 1998. At March 31, 1998 the Corporation has assets of $439
million and stockholders' equity of $43 million. The Corporation's stock is
quoted on the NASDAQ National Market under the ticker symbol "PERM". The
Corporation's stock traded at $16.50 per share as of June 15, 1998. This
quarterly dividend is the thirteenth consecutive quarterly dividend to be paid
by the Company.
The Company provides services and products through Permanent Federal
Savings Bank. In addition to the seven Evansville locations, the Bank has
branches in the communities of Newburgh, Jasper, Oakland City, and Fort Branch,
Indiana. Through the Bank's subsidiary, Perma Service Corp., the Bank offers
investment products through INVEST Financial Corporation as well as annuities
and credit insurance products through its partnership in Family Financial Life
Insurance Company. Perma Service Corp. also owns and operates Permanent
Insurance Agency, Inc., a full service insurance agency in Evansville.