-----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, IUbKOdY4EKPOsSjCvcpa5GuX1In0KxXv8WPgKpHOc0hn2r+zBiL3GZzlmRDzYFw2 81kC3eALP0JhEgMue9neBQ== 0000946275-01-500225.txt : 20010913 0000946275-01-500225.hdr.sgml : 20010913 ACCESSION NUMBER: 0000946275-01-500225 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010907 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCE FINANCIAL BANCORP CENTRAL INDEX KEY: 0001023398 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 550753533 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21885 FILM NUMBER: 1735673 BUSINESS ADDRESS: STREET 1: 1015 COMMERCE STREET CITY: WELLSBURG STATE: WV ZIP: 26070 BUSINESS PHONE: 3047373531 MAIL ADDRESS: STREET 1: 1015 COMMERCE STREET CITY: WELLSBURG STATE: WV ZIP: 26070 8-K 1 f8k_090701-0192.txt FORM 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): September 7, 2001 ADVANCE FINANCIAL BANCORP ------------------------------------------------------- (Exact name of Registrant as specified in its Charter) Delaware 0-21885 55-0753533 ---------------------------- -------------- ---------------------------- (State or other jurisdiction (SEC File No.) (IRS Employer Identification of incorporation) Number) 1015 Commerce Street, Wellsburg, WV 26070 - ------------------------------------ --------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (304) 737-3531 -------------- Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last Report) INFORMATION TO BE INCLUDED IN REPORT ------------------------------------ Item 5. Other Events - --------------------- As of the close of business on September 7, 2001, Advance Financial Bancorp completed its previously announced acquisition of Ohio State Financial Services, Inc., Bridgeport, Ohio. For further information please refer to the Press Release attached as Exhibit 99 to this Report. Item 7. Exhibits - ----------------- (c) Exhibits Exhibit 99 -- Press Release, dated September 10, 2001. 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. ADVANCE FINANCIAL BANCORP Date: September 12, 2001 By: /s/Stephen M. Gagliardi ------------------------------------- Stephen M. Gagliardi President and Chief Executive Officer EX-99 3 ex_99-0192.txt EXHIBIT 99 September 10, 2001 Advance Financial Bancorp Stephen M. Gagliardi (304) 737-3531 IMMEDIATE RELEASE - ----------------- ADVANCE FINANCIAL BANCORP COMPLETES ACQUISITION OF OHIO STATE FINANCIAL SERVICES, INC. September 10, 2001: Advance Financial Bancorp (NASDAQ Small Cap market - -- "AFBC"), Wellsburg, West Virginia announced that it has completed its acquisition of Ohio State Financial Services, Inc. ("OTC BB -- "OSFS"), Bridgeport, Ohio. Advance Financial Bancorp ("Advance Financial") is a unitary thrift holding company that owns all of the stock of Advance Financial Savings Bank, and Ohio State Financial Services, Inc. ("OSFS") was a holding company that owned all of the stock of Bridgeport Savings and Loan Association. As previously announced, Advance Financial and OSFS entered into an Agreement and Plan of Merger on April 18, 2001. Pursuant to the Agreement, each outstanding share of OSFS common stock owned by stockholders will receive $16.00 in cash. Pursuant to the Agreement, OSFS will no longer be in existence, and its subsidiary, Bridgeport Savings and Loan Association has been merged with and into Advance Financial Savings. As a result of the merger, Advance Financial will have assets and stockholders' equity of approximately $193.5 million and $16.6 million, respectively. Advance Financial Savings Bank now operates from its main office in Wellsburg, West Virginia and four full-service branch offices in Follansbee, West Virginia and Wintersville, Bridgeport and Shadyside, Ohio. Stephen M. Gagliardi, President and Chief Executive officer of Advance Financial, stated, "The acquisition of OSFS is a positive addition to Advance Financial. Merging Bridgeport Savings and Loan Association into Advance Financial Savings will permit us to offer our full line of financial services to Bridgeport Savings and Loan Association customers and the residents and businesses in their communities. We believe that the acquisition of OSFS will enhance the value of Advance Financial and will be accretive to earnings within its first year of operation." -----END PRIVACY-ENHANCED MESSAGE-----