UNITED STATES
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): May 20, 2005
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FIRST FEDERAL BANC OF THE SOUTHWEST, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 000-51243 85-0453611
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(State or Other Jurisdiction) (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
300 North Pennsylvania Avenue, Roswell, New Mexico 88201
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (505) 622-6201
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
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On May 20, 2005, First Federal Banc of the Southwest, Inc. (the
"Company") announced that the Company issued shares of common stock for its
eight-to-one stock split in the form of a stock dividend to stockholders of the
Company of record as of April 26, 2005. A copy of the press release and letter
to the Company's stockholders are attached as Exhibits 99.1 and 99.2 to this
current report on Form 8-K.
On May 23, 2004, the Company announced its participation in the amount
of $3.0 million in a pool of subordinated debt securities to be issued by the
Company and other financial institutions to a trust in a method generally
referred to as a trust preferred pooled transaction. A copy of the press release
is attached as Exhibit 99.3 to this current report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
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(a) Financial Statements of Businesses Acquired. Not applicable
(b) Pro Forma Financial Information. Not Applicable
(c) Exhibits.
Exhibit No. Description
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99.1 Press release of First Federal Banc of
the Southwest, Inc. dated May 20, 2005.
99.2 Letter to First Federal Banc of the
Southwest, Inc.'s stockholders dated
May 20, 2005.
99.3 Press release of First Federal Banc of
the Southwest, Inc. dated May 23, 2005.
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.
FIRST FEDERAL BANC OF THE
SOUTHWEST, INC.
DATE: May 25, 2005 By: /s/ George A. Rosenbaum, Jr.
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George A. Rosenbaum, Jr.
Chief Financial Officer
EXHIBIT INDEX
Exhibit Description
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99.1 Press release of First Federal Banc of the Southwest, Inc. dated
May 20, 2005.
99.2 Letter to First Federal Banc of the Southwest, Inc.'s
stockholders dated May 20, 2005.
99.3 Press release of First Federal Banc of the Southwest, Inc. dated
May 23, 2005.