Current Report Filing (8-k)
February 03 2015 - 12:28PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
February 2, 2015
KENTUCKY FIRST FEDERAL BANCORP
(Exact Name of Registrant as Specified in
Its Charter)
United States |
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0-51176 |
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61-1484858 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
|
|
|
|
|
479 MAIN STREET, HAZARD, KENTUCKY
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41702 |
(Address of principal executive offices) |
|
(Zip Code) |
(502) 223-1638
(Registrant’s telephone number, including
area code)
Not
Applicable
(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 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 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))
On February 2, 2015,
Kentucky First Federal Bancorp (the “Company”) announced that its two subsidiary banks, First Federal Savings and Loan
Association of Hazard, Kentucky and First Federal Savings Bank of Frankfort, Kentucky will merge, subject to regulatory approval.
For more information, see the Company’s press release dated February 2, 2015, which is filed as Exhibit 99.1 hereto and is
incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
The following exhibit is filed
herewith:
| 99.1 | Press Release dated February 2, 2015 |
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.
|
KENTUCKY
FIRST FEDERAL BANCORP |
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Date: February
3, 2015 |
By: |
/s/ Don D. Jennings |
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Don D. Jennings President and Chief Operating
Officer |
EXHIBIT 99.1
Kentucky First Federal Bancorp
Hazard, Frankfort, Danville and Lancaster, Kentucky
For Immediate Release February 2, 2015
Contact:
Kentucky First Federal Bancorp
Don Jennings, President
Clay Hulette, Vice President
(502) 223-1638
Kentucky First Federal Bancorp Announces
Merger of Subsidiary Banks
Kentucky
First Federal Bancorp (Nasdaq: KFFB) the holding company for First Federal Savings and Loan Association of Hazard, Kentucky and
First Federal Savings Bank of Frankfort, Kentucky announced today that the two subsidiary banks will merge, subject to regulatory
approval.
Tony
D. Whitaker, Chairman of the Company, stated that the banks had decided to merge in order to make various support and back-office
functions more efficient. There will eventually be some cost savings as those efficiencies are realized. Lou Ella Farler, currently
president and CEO of First Federal Savings and Loan of Hazard, will serve as the Hazard Area President of First Federal Savings
Bank, alongside R. Clay Hulette who is Frankfort Area President and William H. Johnson who is Danville-Lancaster Area President.
All employees of First Federal of Hazard will be retained and all directors of First Federal of Hazard will be offered a seat on
the board, subject to regulatory approval.
After
the merger, First Federal Savings Bank will operate from seven offices in Kentucky. It will have assets of approximately $304 million,
net loans of approximately $244 million, deposits of approximately $209 million, and shareholder’s equity of approximately
$62 million (with tangible equity of approximately $49 million).
This
press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act
of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking
statements be subject to the safe harbors created thereby. All forward-looking statements are based on current expectations regarding
important risk factors including, but not limited to, real estate values, the impact of interest rates on financing, changes in
general economic conditions, legislative and regulatory changes that adversely affect the business of the Company and the ability
of First Federal MHC to waive dividends and changes in the securities markets. Accordingly, actual results may differ from those
expressed in the forward-looking statements, and the making of such statements should not be regarded as a representation by the
Company or any other person that results expressed therein will be achieved.
Kentucky
First Federal Bancorp is the parent company of First Federal Savings and Loan Association, which operates one banking office in
Hazard, Kentucky and First Federal Savings Bank, which operates six banking offices in Kentucky, including three in Frankfort,
two in Danville, and one in Lancaster. Kentucky First Federal Bancorp shares are traded on the NASDAQ National Market under the
symbol KFFB. At December 31, 2014, the Company had approximately 8,457,515 shares outstanding of which approximately 55.9% was
held by First Federal MHC.
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