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
January 31, 2002
----------------
(Date of earliest event reported)
PARKVALE FINANCIAL CORPORATION
------------------------------
(Exact name of Registrant as
Specified in its Charter)
Pennsylvania 000-17411 25-1556590
- --------------- ------------ -------------------
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
4220 William Penn Highway
Monroeville, Pennsylvania 15146
---------------------------------------- ----------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number,
including area code:(412) 373-7200
Item 2. Acquisition or Disposition of Assets
On January 31, 2002, Parkvale Financial Corporation ("Parkvale") completed its
acquisition of Second National Bank of Masontown ("SNB"). The shareholders of
SNB received $92.00 per share in cash. This transaction had been approved by the
boards of directors of both companies, by bank regulatory authorities and SNB's
shareholders. The acquisition is valued at $36.8 million.
A copy of a Press Release, dated January 31, 2002, issued by Parkvale is
attached as Exhibit 99.1 and is incorporated by reference.
Item 7. Financial Statements, Pro Forma Financial Statements, and Exhibits
(c) Exhibits
99.1 Press Release dated January 31, 2002
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.
January 31, 2002 Parkvale Financial Corporation
(Registrant)
By: /s/ Timothy G. Rubritz
------------------------------
Timothy G. Rubritz
Vice President, Treasurer and
Chief Financial Officer