-----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, KHKdW2MwILL7YwrSgbg95+HhVm1r/WDWp6fWOb0Z/GcixyU12LOilVNKjZ6BOiEx P+ff0O8ZbvnLNt7zc1WUTQ== 0000356171-96-000006.txt : 19961028 0000356171-96-000006.hdr.sgml : 19961028 ACCESSION NUMBER: 0000356171-96-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961024 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19961025 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRICO BANCSHARES / CENTRAL INDEX KEY: 0000356171 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 942792841 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10661 FILM NUMBER: 96647555 BUSINESS ADDRESS: STREET 1: TRI COUNTIES BANK ADMINISTRATION STREET 2: 40 PHILADELPHIA DRIVE CITY: CHICO STATE: CA ZIP: 95973 BUSINESS PHONE: 9168980300 MAIL ADDRESS: STREET 1: TRI COUNTIES BANK ADMINISTRATION STREET 2: 40 PHILADELPHIA DRIVE CITY: CHICO STATE: CA ZIP: 95973 8-K 1 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 16, 1996 Commission file number 0-10661 ---------------- ------- TRICO BANCSHARES (Exact name of registrant as specified in its charter) California 94-2792841 (State or other jurisdiction (I.R.S. Employer incorporation or organization) Identification No.) 15 Independence Circle, Chico, California 95973 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code 916/898-0300 (Former name, former address and former fiscal year, if changed since last report) Item 2. Acquisition of Assets On October 16, 1996 TriCo Bancshares, Chico, California acquired Sutter Buttes Savings Bank, F.S.B. of Yuba City, California. On the date of acquisition Sutter Buttes Savings Bank was merged with and into Tri Counties Bank, the sole subsidiary of TriCo Bancshares. The Acquisition Agreement set the purchase price at $3,896,000 to be adjusted for income and certain other specified events occurring between March 31, 1996 and the date of closing. The final purchase price totaled $4,170,629. Shareholders of Sutter Buttes common stock will receive approximately $2,036,118 or 49% in cash and 102,868 common shares of TriCo Bancshares with a value of $2,134,511 based on a $20.75 average closing market price of TriCo stock for the ten days preceding the closing date. At close of business on the closing date, Sutter Buttes had assets totaling $64,210,000, loans of $60,815,000, deposits of $56,023,000 and shareholders' equity of $3,449,000. On September 30, 1996 TriCo had assets totaling $621,039,000, deposits of $525,000,000 and shareholders' equity of $56,057,000. Item 7. Financial Statements and Exhibits Preparation of financial statements as required to be filed in connection with the acquisition have been delayed due to the resignation of Sutter Buttes' chief financial officer. Required financial statements will be filed when available and not later than 60 days from the date of this filing. 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. TRICO BANCSHARES Date October 23, 1996 /s/ Robert M. Stanberry ----------------------- ----------------------------- Vice President and CFO -----END PRIVACY-ENHANCED MESSAGE-----