FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 5, 1997
Klamath First Bancorp, Inc.
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
Oregon 0-26556 93-1180440
- --------------------------- ----------- ------------------
State or other jurisdiction Commission (I.R.S. Employer
of incorporation File Number Identification No.)
540 Main Street, Klamath Falls, Oregon 97601
- ---------------------------------------- ------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number (including area code):(541)882-3444
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
Item 2. Other Events
The Registrant's wholly-owned subsidiary, Klamath First Federal Savings
and Loan Association ("Association") has entered into a Purchase and Assumption
Agreement dated March 5, 1997 ("Agreement") with Wells Fargo Bank, National
Association ("Wells Fargo") to purchase twenty-five (25) branch offices of Wells
Fargo ("Branches"), and assume certain deposit and other liabilities associated
therewith, located in the State of Oregon. The location of the branch offices
are set forth in a schedule to the Agreement.
Consummation of the transaction contemplated by the Agreement is
subject to the receipt of all applicable regulatory approvals, among other
things. Consummation of the transaction is anticipated in the third calendar
quarter of 1997.
For further information, reference is made to the Agreement (including
the Letter Agreement dated March 5, 1997 regarding certain matters related to
automated teller machines at certain Branches) and the Registrant's press
release dated March 7, 1997 which are attached hereto as Exhibits 2 and 99,
respectively, and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
Exhibit
2 Purchase and Assumption Agreement dated March 5,
1997 (including Letter Agreement dated March 5,
1997 Regarding Certain Automated Teller Machines at
Certain Branches)
99 Press Release dated March 7, 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, hereunto duly authorized.
KLAMATH FIRST BANCORP, INC.
DATE: March 19, 1997 By:/s/ Gerald V. Brown
----------------------------------------
Gerald V. Brown
President and Chief Executive Officer