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)
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February 2, 1999
PEEKSKILL FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-27178 13-3858258
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation) Number)
1019 Park Street, Peekskill, New York 10566
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 737-2777
N/A
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(Former name or former address, if changed since last report)
Item 5. Other Events
On February 2, 1999, the Registrant issued the attached press release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
99. Press release, dated February 2, 1999.
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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.
PEEKSKILL FINANCIAL CORPORATION
Date: February 3, 1999 By: /s/William J. LaCalamito
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William J. LaCalamito
President and Chief
Operating Officer
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EXHIBIT 99
[PEEKSKILL FINANCIAL CORPORATION LETTERHEAD]
CONTACT: William J. LaCalamito For Immediate Release
President February 2, 1999
Peekskill Financial Corporation
(914) 737-2777
PEEKSKILL FINANCIAL CORPORATION ANNOUNCES FINAL RESULTS OF DUTCH
AUCTION TENDER OFFER
Peekskill, New York.... February 2, 1999 - Peekskill Financial Corporation
(NASDAQ NMS: PEEK), Peekskill, New York, announced today the final results of
its Modified Dutch Auction Tender Offer (the "Dutch Auction") that expired on
Wednesday, January 27, 1999 at 4:00 p.m. Pursuant to the Dutch Auction, the
Company will purchase 800,040 of its own shares at $16.75 per share. As a result
of an oversubscription in the Dutch Auction, the number of shares purchased from
each tendering shareholder (other than persons holding fewer than 10 shares or
persons tendering their shares on a conditional basis) is approximately 10% less
than the amount tendered. All shares not purchased due to proration will be
promptly returned to the tendering shareholders. The cost of the shares
purchased is $13.4 million and represents approximately 28 percent of the
2,842,069 shares of common stock outstanding on December 16, 1998.
Peekskill Financial Corporation is a savings and loan holding company
based in Peekskill, New York and, as of December 31, 1998 had approximately
$213.5 million in total assets and $144.4 million in deposits.
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