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): June 9, 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 June 9, 2005, First Federal Banc of the Southwest, Inc. announced the
establishment of two new branches to be located at 1301 Wyoming Blvd., N.E.,
Albuquerque, New Mexico and 604 North 26th Street, Artesia, New Mexico. A copy
of the press release is attached as Exhibit 99.1 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 June 9, 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: June 13, 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 June 9, 2005.
Exhibit 99.1
[HOLDING COMPANY LETTERHEAD]
FOR IMMEDIATE RELEASE FOR MORE INFORMATION, CONTACT:
Aubrey L. Dunn, Jr., President and CEO
June 9, 2005 (505) 622-6201
FIRST FEDERAL BANC OF THE SOUTHWEST, INC.
WELCOMES NEW DIRECTOR AND ANNOUNCES NEW BRANCHES
Roswell, New Mexico - First Federal Banc of the Southwest, Inc. (the "Company")
(Nasdaq SmallCap: FFSW) welcomes Catherine K. Gutierrez as a new director to its
Board of Directors (the "Board"). Ms. Gutierrez became a director of the Company
and its subsidiary, First Federal Bank, on May 11, 2005. Her appointment to the
Board was previously reported on Form 8-K filed with the Securities and Exchange
Commission. Ms. Gutierrez serves as the Chairperson of the Audit Committee.
The Company's Chairman of the Board, Edward K. David, stated, "We are very
excited about Cathy joining the Board. She brings a skill set and experience
that we believe are important to the Board's oversight of the Company's
operations."
Additionally, the Company announced the establishment of two new branches to be
located at 1301 Wyoming Blvd., N.E., Albuquerque, New Mexico and 604 North 26th
Street, Artesia, New Mexico. The Company's President and Chief Executive
Officer, Aubrey L. Dunn, Jr., stated, "These new branches are expected to be
open by October, 2005 and, once they are open, the Bank will operate a total of
15 banking offices located throughout New Mexico and in El Paso, Texas."
Forward-Looking Statements
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Certain statements contained in this press release that are not historical
facts, including, but not limited to, statements that can be identified by the
use of forward-looking terminology such as "may," "expect," "anticipate,"
"predict," "believe," "plan," "estimate" or "continue" or the negative thereof
or other variations thereon or comparable terminology, are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995, and involve a number of risks and uncertainties. The actual results of the
future events described in such forward-looking statements in this press release
could differ materially from those stated in such forward-looking statements.
Among the factors that could cause actual results to differ materially are:
third party claims or actions in relation to ongoing or future litigation or
bankruptcy matters; interest rate fluctuations; level of delinquencies; defaults
and prepayments; general economic conditions; competition; government
regulation; unanticipated developments in connection with the bankruptcy actions
or litigation mentioned above, including judicial variation from existing legal
precedent and the decision by one or more parties to appeal decisions rendered;
the risks and uncertainties discussed elsewhere from time to time in the
Company's periodic reports filed with the Securities and Exchange Commission and
other public statements.
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