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.