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
September 27, 2005
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(Date of earliest event reported)
HARRINGTON WEST FINANCIAL GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-50066 48-1175170
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
610 Alamo Pintado Road, Solvang, California 93463
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(Address of principal executive offices) (Zip Code)
(805) 688-6644
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year, if changed since last
report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation 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 CRF 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-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 CFR 240.13e-4(c))
Table of Contents
Item 1.01. Entry Into a Material Definitive Agreement
Item 9.01 Financial Statements and Exhibits.
SIGNATURE
EXHIBIT 99.1
Item 1.01 Entry Into a Material Definitive Agreement.
On September 26, 2005, Los Padres Bank, FSB (the "Bank"), a wholly
owned subsidiary of Harrington West Financial Group, Inc. (NASDAQ:HWFG) entered
into a Portfolio Advisory and Rate Risk Analysis Agreement (the "Agreement")
with Smith Breeden Associates, Inc.. The Agreement appoints Smith Breeden to
provide portfolio and interest rate risk advice to the Bank and terminates all
prior agreements between the two companies, including their February 1997
agreement, as amended in January 2002, dealing with the same subject matter.
Dr. Stanley Kon, a director of Harrington West Financial Group and the
Bank, is a principal and director of Smith Breeden. Additionally, Mr. Craig
Cerny, Chairman of the Board and Chief Executive Officer of Harrington West
Financial Group and the Bank, is a minority shareholder in Smith Breeden.
A copy of the Agreement is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
The following exhibits are included with this Report:
Exhibit 99.1.
SIGNATURE
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.
HARRINGTON WEST FINANCIAL GROUP, INC.
By: /s/ Craig J. Cerny
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Craig J. Cerny
Chairman of the Board and Chief
Executive Officer
Date: September 27, 2005.