0000904280-01-500134.txt : 20011119
0000904280-01-500134.hdr.sgml : 20011119
ACCESSION NUMBER: 0000904280-01-500134
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011105
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011106
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: HIGH COUNTRY BANCORP INC
CENTRAL INDEX KEY: 0001044676
STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
IRS NUMBER: 841438612
STATE OF INCORPORATION: CO
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23409
FILM NUMBER: 1776006
BUSINESS ADDRESS:
STREET 1: 130 WEST 2ND ST
CITY: SALIDA
STATE: CO
ZIP: 81201
BUSINESS PHONE: 7195392516
MAIL ADDRESS:
STREET 1: 130 WEST 2ND STREET
CITY: SALIDA
STATE: CO
ZIP: 81201
8-K
1
fm8k110601-1872.txt
FORM 8-K HIGH COUNTRY BANCORP, INC.
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): November 5, 2001
HIGH COUNTRY BANCORP, INC.
--------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Colorado 0-23409 84-1438612
------------------------------- ------------ -----------------
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
7360 West US Highway 50, Salida, Colorado 81201
------------------------------------------ ----------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (719) 539-2516
--------------
130 West 2nd Street, Salida, Colorado 81201
------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On November 5, 2001 High Country Bancorp, Inc. (the "Company") announced
that it is commencing a stock repurchase program to acquire up to 92,221 shares
of the Company's common stock, which represents approximately 10% of the
outstanding common stock. For more information, see the Company's press release,
which is attached hereto as Exhibit 99.1 and is incorporated by reference
herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit 99.1 Press Release dated November 5, 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.
HIGH COUNTRY BANCORP, INC.
By: /s/ Larry D. Smith
-----------------------------------
Larry D. Smith
President
Date: November 6, 2001
EX-99
3
ex99fm8k110501-1872.txt
EXHIBIT 99 - PRESS RELEASE FOR FORM 8-K
FOR IMMEDIATE RELEASE Contact: Larry D. Smith
(719) 539-2516
HIGH COUNTRY BANCORP, INC.
ANNOUNCES THE PAYMENT OF SEMI-ANNUAL CASH DIVIDENDS AND STOCK
REPURCHASE PLAN
Salida, Colorado --- November 5, 2001: High Country Bancorp, Inc. (NASDAQ Small
Cap: HCBC) announced the payment date of its semi-annual cash dividends. The
dividend will be in the amount of $0.25 per share payable on or about November
19, 2001, to stockholders of record at the close of business on November 13,
2001.
Larry D. Smith, President of the Company, stated that the Board of Directors
determined that the payment of a dividend was appropriate in light of the
Company's financial condition and results of operations. For the three months
ending September 30, 2001, the Company had earnings of $0.42 per share. He noted
that future earnings and payment of dividends are subject to certain risks and
uncertainties including changes in economic conditions in the Company's market
area, changes in policies by regulatory agencies, fluctuations in interest
rates, demand for loans in the Company's market area, and competition.
Mr. Smith also announced the implementation of a stock repurchase program to
acquire up to 92,221 shares of the Company's common stock, which represents
approximately 10% of the outstanding common stock. The program will be dependent
upon market conditions and there is no guarantee as to the exact number of
shares to be repurchased by the Company, or as to the timing of such
repurchases.
Mr. Smith explained that Board of Directors considers the Company's common stock
to be an attractive investment. It is expected that a reduction in the amount of
the Company's outstanding stock would have the effect of increasing the
Company's per share earnings and book value. In addition, the repurchase program
is designed to offset the future dilution incurred in connection with the
Company's stock option plan.
High Country Bancorp, Inc., is the holding company for High Country Bank, which
conducts business through its main office in Salida, Colorado, and branch
offices in Salida, Leadville and Buena Vista, Colorado. At September 30, 2001,
the Company had 922,209 shares of common stock issued and outstanding, and
consolidated total assets of over $168 million.