Current Report Filing (8-k)
January 23 2015 - 9:01AM
Edgar (US Regulatory)
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):
January 20, 2015
PSB Holdings, Inc.
(Exact name of registrant as specified in
its charter)
Federal |
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0-50970 |
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42-1597948 |
(State or other |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
jurisdiction
of incorporation) |
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40 Main Street,
Putnam, Connecticut |
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06260 |
(Address of principal executive offices) |
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(Zip Code) |
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(860)
928-6501 |
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(Registrant’s telephone number, including area code) |
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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) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c)) |
On January 20, 2015, the Board of Directors
of PSB Holdings, Inc. (the “Company”) declared a cash dividend on the Company’s common stock of $.03 per share
for the quarter ended December 31, 2014. The dividend will be payable to stockholders of record as of February 6, 2015 and will
be paid on February 24, 2015.
A copy of the press release dated January 22,
2015, giving details associated with the dividend is attached as Exhibit 99.1 to this report.
Item 9.01. |
Financial Statements and Exhibits |
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Exhibit No. |
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Exhibit Description |
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99.1 |
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Press
release dated January 22, 2015. |
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, hereunto duly authorized.
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PSB HOLDINGS, INC. |
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Dated: January 20, 2015 |
By: |
/s/ Thomas A. Borner |
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Thomas A. Borner President and Chief Executive Officer |
EXHIBIT 99.1
PSB Holdings, Inc.
News Release
January 22, 2015
FOR IMMEDIATE RELEASE
Contact: Thomas A. Borner, President and CEO, PSB Holdings, Inc.
Telephone: (860) 928-6501
PSB HOLDINGS, INC. ANNOUNCES DIVIDEND
PUTNAM, CT – January 22, 2015 – Thomas A. Borner, President
and CEO of PSB Holdings, Inc., today announced that the Company’s Board of Directors has declared a cash dividend of $.03
per share of the Company's common stock. The dividend will be payable to all stockholders of record as of February 6, 2015, and
will be paid on February 24, 2015.
"We are extremely pleased to announce resumption of the payment
of a dividend," said Mr. Borner. “While the last several years have been challenging, we have emerged as a better financial
institution in many ways. We will continue our brand of community banking made easy as we enter our 153rd year of service
to all of eastern Connecticut”.
The Company is the majority-owned subsidiary of Putnam Bancorp,
MHC, a federal mutual holding company, which owns 3,729,846 of the Company's outstanding shares.
PSB Holdings, Inc., headquartered in Putnam, Connecticut,
is the parent of Putnam Bank, a state chartered stock savings bank founded in 1862. The Bank offers a wide range of financial services
through its eight full-service offices. Putnam Bank also operates a full-service loan center in Putnam, Connecticut. The Bank's
deposits are insured by the Federal Deposit Insurance Corporation. PSB Holdings Inc.'s common stock trades on the NASDAQ Capital
Market under the symbol PSBH.
-END-
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