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UNITED STATES
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) 11/03/2005
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CITIZENS FIRST CORPORATION
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(Exact name of registrant as specified in its charter)
Kentucky 333-67435 61-0912615
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1805 Campbell Lane, Bowling Green, Kentucky 42101
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (270) 393-0700
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR240.13e-4(c))
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ITEM 7.01 REGULATION FD DISCLOSURE
In 2003, Citizens First Bank, Inc., a wholly owned subsidiary of
Citizens First Corporation, initiated an action to recover the outstanding
principal balance of and interest on three loans to one borrower totaling
approximately $1,675,000. After obtaining a default judgment against the
borrower and guarantors, the Bank filed a garnishment action in Travis County,
Texas to recover certain of the borrower's assets in the possession of third
parties, consisting primarily of the proceeds generated from a producing oil and
gas well in Texas. On November 3, 2005, the court indicated that it would enter
an order granting the Bank's request for declaratory relief against certain
intervening parties claiming a superior interest in the well and its proceeds.
As a result of an agreement entered into between the Bank and the intervening
parties, the court's grant of relief will be non-appealable. In the fourth
quarter of 2005, the Bank is expected to receive approximately $1,000,000 of the
proceeds from the well currently being held in the registry of the court. The
Bank previously had charged off $1,043,050 of the loans.
The information in this Form 8-K shall not be deemed filed for
purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it
be deemed incorporated by reference in any filing under the Securities Act of
1933, except as shall be expressly set forth by specific reference in such
filing.
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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.
CITIZENS FIRST CORPORATION
(Registrant)
By: Mary D. Cohron
/s/Mary D. Cohron
President and Chief Executive Officer
Date: November 7, 2005
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