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): March 3, 2000
Great Pee Dee Bancorp, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-23521 56-2050592
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
515 Market Street, Cheraw, South Carolina 29520
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (843) 537-7656
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets
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On March 3, 2000, First Federal Savings and Loan Association of Cheraw,
Cheraw, South Carolina, the wholly-owned subsidiary of Great Pee Dee Bancorp,
Inc., and Coastal Federal Savings Bank, Myrtle Beach, South Carolina, the
wholly-owned subsidiary of Coastal Financial Corporation, completed the purchase
of certain assets and the assumption of liabilities relating to Coastal
Federal's branch office located at 1385 Alice Drive in Florence, South Carolina.
The deposits of the Florence branch office totaled approximately $25 million as
of the date of the consummation, approximately $11 million of loans were
acquired, and a deposit premium of $2 million was paid by First Federal.
For further information, see the Registrant's press release dated March 6,
2000, which is included as Exhibit 99.1 to this report.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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The applicable pro forma and other financial information will be provided
by an amendment to this Form 8-K that will be filed within 60 days of the
required filing date of this Form 8-K.
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.
GREAT PEE DEE BANCORP, INC.
INC.
DATE: March 15, 2000 By: /s/ Herbert W. Watts
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Herbert W. Watts
President and Chief Executive
Officer
EXHIBIT INDEX
The following Exhibits are filed as part of this report:
Exhibit 99.1 - Press Release of First Federal Savings and Loan Association
of Cheraw