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): December 17, 1999
Webster City Federal Bancorp
(Exact name of registrant as specified in its charter)
Federal 0-26577 42-1491186
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
Address of principal executive offices: 820 Des Moines Street, Webster City,
Iowa 50595
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Registrant's telephone number, including area code: (515) 832-3071
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Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events
Webster City Federal Bancorp (the "Company") announced that the Board
of Directors has approved a share repurchase program. The program calls for
the repurchase of up to 87,500 shares, or 10% of the outstanding shares
held by stockholders other than WCF Financial, M.H.C., the Company's mutual
holding company. The repurchased shares will be held as treasury stock and
will be available for general corporate purposes. Please see Press Release
dated December 17, 1999, a copy of which is included as Exhibit 99.1.
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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, hereunto duly authorized.
WEBSTER CITY FEDERAL BANCORP
DATE: January 7, 2000 By:/s/Phyllis A. Murphy
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Phyllis A. Murphy
President and Chief
Executive Officer
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EXHIBIT INDEX
The following Exhibits are filed as part of this report:
Exhibit 99.1 Press Release of Webster City Federal Bancorp dated
December 17, 1999.
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EXHIBIT 99.1
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December 17, 1999
FOR IMMEDIATE RELEASE
Contact: Phyllis A. Murphy, President
and Chief Executive Officer
Tel (515) 832-3071
WEBSTER CITY FEDERAL BANCORP
ANNOUNCES ADDITIONAL 10% REPURCHASE PROGRAM
The Board of Directors of Webster City Federal Bancorp has authorized
the repurchase of an additional 10% of the Company's outstanding stock held by
stockholders other than WCF Financial, M.H.C., the Company's mutual holding
company.
The Company successfully completed an initial repurchase of
approximately 97,000 shares in November of 1999.
Repurchases will be made by the Company during the next six months as
market conditions warrant. Repurchased shares will be held in treasury stock and
will be available for general corporate purposes.
Webster City Federal Bancorp is the holding company of Webster City
Federal Savings Bank located in Webster City, Iowa. The stock trades under the
Nasdaq symbol of WCFB.
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