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): July 18, 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. Acquisition or Disposition of Assets
Effective July 18, 1997, the Registrant's wholly-owned subsidiary,
Klamath First Federal Savings and Loan Association ("Association")
consummated the previously announced acquisition of twenty-five (25) branch
offices located in the Sate of Oregon ("Branches") from Wells Fargo Bank,
National Association ("Wells Fargo"). The transaction includes purchase of
the branch facilities and assumption of certain deposit and other
liabilities associated therewith. The Branches are located in rural Oregon
communities and were formerly branches of First Interstate Bank of Oregon.
Additional information concerning the acquisition is contained in the
press release issued by the Registrant on July 21, 1997, attached hereto as
Exhibit 99 and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired
As of the date of filing this current report on Form 8-K, it is
impracticable for the Registrant to provide an audited Statement of
Condition as of the acquisition date. Such financial statement shall
be filed by amendment to this Form 8-K no later than 60 days after
August 1, 1997. No audited financial statements exist for the acquired
branches for previous periods and none will be filed.
(b) Pro Forma Financial Information
As of the date of filing this current report of Form 8-K, it is
impracticable for the Registrant to provide pro forma financial
information required by this item 7(b). Such financial information
shall be filed by amendment to this Form 8-K no later than 60 days
after August 1, 1997.
(c) 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) (incorporated by reference
to Exhibit 2 to the Registrants Form 8-K filed March 19, 1997
99 Press Release dated July 21, 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.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: August 1, 1997 By:/s/ Gerald V. Brown
-----------------------------
Gerald V. Brown
President and Chief Executive Officer