-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lv8Jafj4d8xWmexmXHo/W9jXmhURFSqmbz/cY2Nr1kmX8eSLZA+eSsDsdWpIj6hL Hdc9e8TlnvFmqRtq7Kn7rQ== 0001000301-98-000009.txt : 19980515 0001000301-98-000009.hdr.sgml : 19980515 ACCESSION NUMBER: 0001000301-98-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980331 ITEM INFORMATION: FILED AS OF DATE: 19980514 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMBANC HOLDING CO INC CENTRAL INDEX KEY: 0001000301 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 141783770 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-27036 FILM NUMBER: 98620675 BUSINESS ADDRESS: STREET 1: 11 DIVISION ST CITY: AMSTERDAM STATE: NY ZIP: 12010 BUSINESS PHONE: 5188427200 MAIL ADDRESS: STREET 1: PO BOX 669 CITY: AMSTERDAM STATE: NY ZIP: 12010 8-K 1 FIRST QUARTER EARNINGS 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 May 14, 1998 AMBANC HOLDING CO., INC. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) Delaware 0-27036 14-1783770 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 11 Division Street, Amsterdam, New York 12010-4303 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (518) 842-7200 -------------------- N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events - -------------------- On May 14, 1998, the Registrant issued the press release attached hereto as Exhibit 99 announcing its earnings for the first quarter ended March 31, 1998. Item 7. Financial Statements and Exhibits - ----------------------------------------- (c) Exhibits The Exhibits referred to in Item 5 of this Report and listed on the accompanying Exhibit Index are filed as part of this Report and are incorporated herein by reference. 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 thereunto duly authorized. AMBANC HOLDING CO., INC. Date: May 14, 1998 By: --------------------------- --------------------------------- Robert J. Brittain President & Chief Executive Officer Exhibit Number Description - ------- --------------------------------------------------- 99 Press release dated May 14, 1998 EX-99 2 FIRST QUARTER EARNINGS PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Robert J. Brittain, President and CEO Tel:(518) 842-7200 Fax:(518) 842-7500 Harold A. Baylor, Jr., Vice Pres., CFO, and Treas. Tel:(518) 842-7200 Fax:(518) 842-1688 Ambanc Holding Co., Inc. Announces Earnings for the First Quarter Ended March 31, 1998 Amsterdam, N.Y., May 14, 1998 -- Robert J. Brittain, President and CEO of Ambanc Holding Co., Inc. (the Company), the parent company of Amsterdam Savings Bank, FSB (the Bank), today announced net income for the three months ended March 31, 1998. Net income for the three months ended March 31, 1998, was $446,000 as compared to $652,000 for the corresponding period of the previous year. Diluted net income per common share for the 1998 quarter was $0.11 as compared to $0.16 for the comparable 1997 quarter. At March 31, 1998 total assets were $519.8 million compared to total assets of $510.4 million at December 31, 1997. Stockholders' equity was $60.8 million, or $14.27 per share, and $61.2 million, or $14.21 per share, including unreleased ESOP shares and unvested restricted Recognition and Retention Plan ("RRP") shares, at March 31, 1998 and December 31, 1997, respectively. As announced on April 23, 1998, Ambanc Holding Co., Inc. has signed a definitive agreement with AFSALA Bancorp, Inc. to merge AFSALA with and into Ambanc. The transaction will be a tax-free, stock for stock exchange of 1.07 shares of Ambanc common stock for each share of AFSALA common stock. Pending regulatory and shareholder approval, the merger is expected to be completed in the fourth quarter of 1998. Amsterdam Savings Bank, FSB, founded in 1886, is a federally chartered savings bank that conducts its business primarily in Albany, Fulton, Montgomery, Saratoga and Schenectady counties in New York from twelve locations in Latham, Guilderland, Gloversville, Amsterdam, Fort Plain, Clifton Park, Ballston Spa, Saratoga Springs, Wilton and Schenectady. The Bank's deposits are insured up to the legal amount by the Federal Deposit Insurance Corporation (FDIC). The Company's common stock is traded on the NASDAQ National Market under the symbol "AHCI". - END - -----END PRIVACY-ENHANCED MESSAGE-----