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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): October 1, 2007
PORTER BANCORP, INC.
(Exact name of registrant as specified in its charter)
Kentucky 001-33033 61-1142247
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
2500 Eastpoint Parkway, Louisville, Kentucky, 40223
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(Address of principal executive offices)
(502) 499-4800
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(Registrant's telephone number, including area code)
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:
[_] 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 communication pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14-2(b))
[_] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events.
On October 2, 2007, Porter Bancorp, Inc. ("Porter Bancorp") announced that it
completed the acquisition of Ohio County Bancshares at the end of business on
October 1, 2007. Ohio County Bancshares is the holding company for Kentucky
Trust Bank that has approximately $120 million in assets and operates six retail
banking offices in three central Kentucky counties, including the Beaver Dam,
Bowling Green and Owensboro markets. The total acquisition price is
approximately $12 million and will be paid approximately 50% in cash and 50% in
Porter Bancorp shares.
As part of the acquisition, Porter Bancorp assumed a $2.5 million promissory
note from Ohio County Bancshares, which was repaid in full on October 2, 2007.
The news release dated October 2, 2007 announcing the transaction is included
herein as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit No. Description of Exhibit
99.1 Press Release issued by Porter Bancorp, Inc. on October 2, 2007
SIGNATURES
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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.
Date: October 4, 2007 Porter Bancorp, Inc.
By: /s/ Maria L. Bouvette
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Maria L. Bouvette,
President and Chief Executive
Officer
EXHIBIT INDEX
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Exhibit Description
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99.1 Press Release dated October 2, 2007