SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 14, 1999
CLASSIC BANCSHARES, INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 0-27170 61-1289391
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(State or other jurisdiction (Commission File No.) (IRS Employer Identification
of incorporation) No.)
344 17th Street, Ashland, Kentucky 41101
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (606) 325-4789
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N/A
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(Former name or former address, if changed since last report)
Item 5. Other Events
On May 14, 1999, the Registrant issued the press release attached hereto as
Exhibit 99, announcing the completion of its acquisition of Citizens Bank,
Grayson.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99 Press release dated May 14, 1999.
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.
CLASSIC BANCSHARES, INC.
Date: May 26, 1999 By: /s/Lisah M. Frazier
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Lisah M. Frazier, Senior Vice
President, Treasurer and Chief
Financial Officer
EXHIBIT 99
FOR IMMEDIATE RELEASE
For Additional Information Contact:
David B. Barbour, President and Chief Executive Officer
Lisah Frazier, Senior Vice President, Treasurer and Chief Financial Officer
(606) 325-4789
Fax (606) 324-1307
CLASSIC BANCSHARES, INC. ANNOUNCES THE COMPLETION OF THE ACQUISITION OF
CITIZENS BANK, GRAYSON
Ashland, Kentucky, -- May 14, 1999 -- Classic Bancshares, Inc. (NASDAQ -
CLAS), the holding company for Classic Bank and The First National Bank of
Paintsville, announced the completion of the acquisition of Citizens Bank,
Grayson by Classic on May 14, 1999. At the close of the transaction, Citizens
Bank, Grayson was merged with and into Classic Bank with Classic Bank as the
surviving institution. The former shareholders of Citizens Bank, Grayson are
entitled to receive $75.00 in cash for each Citizens Bank, Grayson share they
held, for a total aggregate consideration of $4.5 million.
Headquartered in Ashland, Kentucky, the Company had total assets of $142.9
million at March 31, 1999. Classic Bank operates at 344 Seventeenth Street,
Ashland, Kentucky with two branch offices located in Boyd and Greenup Counties.
First National Bank of Paintsville operates at 240 Main Street, Paintsville,
Kentucky with one branch located in Johnson County.