-----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, B7doVX31ZA14t4jRfmPmsDf+Y5z6k7g8PLTIQMNeVmnfoi3sq+4L65lw/p0cR7X5 3sx/SwAgXjqGtVceQEZIoA== 0001000301-98-000027.txt : 19981030 0001000301-98-000027.hdr.sgml : 19981030 ACCESSION NUMBER: 0001000301-98-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981029 ITEM INFORMATION: FILED AS OF DATE: 19981029 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: 98732967 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 AMBANC & AFSALA ANNOUNCE OTS APPROVAL FOR MERGER 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 October 29, 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 October 29, 1998, the Registrant issued the press release attached hereto as Exhibit 99 announcing approval for the merger from the OTS. 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: October 29, 1998 By: --------------------------- --------------------------------- Lauren T. Barnett President & Chief Executive Officer Exhibit Number Description - ------- --------------------------------------------------- 99 Press release dated October 29, 1998 EX-99 2 AMBANC & AFSALA RECEIVE OTS APPROVAL FOR MERGER FOR IMMEDIATE RELEASE Contacts: Lauren T. Barnett, President and CEO Tel: (518) 842-7200 Fax: (518) 842-7500 Harold A. Baylor, Jr., Vice Pres., CFO & Treasurer Tel: (518) 842-7200 Fax: (518) 842-1688 AMBANC & AFSALA Receive OTS Approval For Merger Amsterdam, N.Y., October 29, 1998 -- AMBANC HOLDING CO., INC. (NASDAQ: AHCI), parent company of Amsterdam Savings Bank, announced today that it has received approval from the Office of Thrift Supervision (OTS) for its merger with AFSALA BANCORP, INC. (NASDAQ: AFED), parent company of Amsterdam Federal Bank. The shareholders of both companies voted to approve the transaction at special shareholders' meetings held in September of this year. The Merger is expected to close in November. Upon consummation of the Merger, each outstanding share of AFSALA common stock will be converted into 1.07 shares of Ambanc common stock. Following the merger, Amsterdam Savings Bank and Amsterdam Federal Bank will operate as one bank under the name "Mohawk Community Bank" and will have total assets of approximately $700 million. Mohawk Community Bank will also have total deposits of approximately $460 million and serve customers in 18 upstate New York offices, located in Montgomery, Fulton, Schenectady, Saratoga, Albany, Otsego and Chenango counties. John M. Lisicki, who will become President and CEO of AMBANC and Mohawk Community Bank in the Merger, said that he was very happy to have obtained the approval of OTS. Lisicki, currently Chairman, CEO & President of AFSALA Bancorp and Amsterdam Federal Bank, said he is looking forward to closing the Merger. Lisicki added he is enthusiastic about the combined institution's ability to provide banking and financial services in the community banking tradition established by Amsterdam Federal Bank and Amsterdam Savings Bank. Mr. Lisicki further added that the primary benefit of the two companies becoming one is the opportunity to enhance shareholder value by consolidating resources and eliminating duplication, in addition to allowing Mohawk Community Bank to continue to provide high levels of personal service to customers and communities. Lauren T. Barnett, who will retire from his interim role as President and CEO of AMBANC and Amsterdam Savings Bank, said that it was a proud day for him, the employees and the board of his company. He agreed with Mr. Lisicki's sentiments and added that he was impressed with the energy and proficiency of the team of employees and consultants who have been working tirelessly to bring about the consummation of the merger. - End - -----END PRIVACY-ENHANCED MESSAGE-----