SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20552
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)
October 29, 1998
SKIBO FINANCIAL CORP.
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(Exact name of Registrant as specified in its Charter)
United States (applied for)
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(State or other jurisdiction (File No.) (IRS Employer
of incorporation) Identification
Number)
242 East Main Street, Carnegie, Pennsylvania 15106
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 276-2424
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Not Applicable
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(Former name or former address, if changed since last Report)
FIRST CARNEGIE DEPOSIT
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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On October 29, 1998, First Carnegie Deposit, a federally chartered
savings bank ("Bank"), completed its stock holding company reorganization,
whereby the Bank became the wholly owned subsidiary of Skibo Financial Corp., a
federally chartered stock holding company ("Skibo Financial"). Skibo Financial
is majority owned by Skibo Bancshares, M.H.C., a federal mutual holding company.
Pursuant to an agreement and plan of reorganization dated May 14, 1998,
shares of Bank common stock were exchanged for shares of common stock of Skibo
Financial Corp. on a three-for-two basis.
Registrar and Transfer Company, Cranford, New Jersey is Skibo
Financial's transfer agent.
The common stock of the Company has been registered with the Securities
and Exchange Commission under the Securities Exchange Act of 1934, as amended
("Exchange Act"), and its common stock succeeded the Bank's common stock on the
Nasdaq SmallCap Market and trade under the symbol "SKBOD" beginning October 30,
1998 for 20 trading days. Following the expiration of the 20-day period, Skibo
Financial Corp.'s common stock will trade under the Bank's old symbol "SKBO."
The Bank previously filed Exchange Act reports with the Office
of Thrift Supervision, Business Transactions Division, 1700 G
Street, N.W., Washington, D.C. 20052.
A copy of a press release issued October 29, 1998 by the Registrant is
attached hereto as Exhibit 99 and is incorporated herein by reference in its
entirety.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
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(c) Exhibits:
2 Agreement and Plan of Reorganization.
99 Press Release dated October 29, 1997.
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, thereunto duly authorized.
SKIBO FINANCIAL CORP.
Date: October 29, 1998 By: /s/ Walter G. Kelly
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Walter G. Kelly
President