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): November 4, 1999
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 November 4, 1999, 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, entered into a
definitive agreement providing for the sale of Coastal Federal Savings Bank's
branch office located at 1385 Alice Drive in Florence, South Carolina. The
deposits of the Florence branch office totaled approximately $23 million as of
the date of the agreement.
A copy of the definitive agreement was previously filed as an exhibit to
the Form 8-K filed with the Securities and Exchange Commission by Coastal
Financial Corporation on November 12, 1999.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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Financial Statements required by Section (a)(4) of this Item will be filed
by amendment within 60 days after the date of this initial report on 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.
DATE: November 18, 1999 By: /s/ Herbert W. Watts
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Herbert W. Watts
President and Chief Executive Officer