-----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, O3r1N3ff7KqQKlSaHnV8Shm31Uu2eAOhVJQ0MHWcjN4om7UyVl/Z42cAp75QaRl8 1U1RzCx7pbqO3bvjLwKCIQ== 0001157523-05-006900.txt : 20050803 0001157523-05-006900.hdr.sgml : 20050803 20050802192158 ACCESSION NUMBER: 0001157523-05-006900 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050727 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050803 DATE AS OF CHANGE: 20050802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FOOTHILL INDEPENDENT BANCORP CENTRAL INDEX KEY: 0000718903 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 953815805 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11337 FILM NUMBER: 05993468 BUSINESS ADDRESS: STREET 1: 510 S GRAND AVE CITY: GLENDORA STATE: CA ZIP: 91741 BUSINESS PHONE: 6269638551 MAIL ADDRESS: STREET 1: 510 S GRAND AVE CITY: GLENDORA STATE: CA ZIP: 91741 8-K 1 a4944673.txt FOOTHILL INDEPENDENT BANCORP 8-K UNITED STATES 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) July 27, 2005 ------------------------------- FOOTHILL INDEPENDENT BANCORP - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-11337 95-3815805 - --------------------------------- -------------- ----------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 510 South Grand Avenue, Glendora, California 91741 - ------------------------------------------------------ ----------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (626) 963-8551 --------------------- NOT APPLICABLE - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report). Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: { } Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) { } Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) { } Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) { } Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(C)) Item 8.01 Other Events On July 27, 2005, Foothill Independent Bancorp announced that its Board of Directors had approved a 15% increase in its regular quarterly cash dividend to $0.15 per share of common stock from $0.13 per share. A copy of the Company's press release, announcing this increase, is attached as Exhibit 99.1. Among other things, that press release references risks and other factors, described in the Company's periodic reports filed with the Securities and Exchange Commission, that could affect the Company's future financial performance and its ability to pay dividends in the future. As described in those periodic reports, although there are no plans to reduce the amount or terminate the payment of cash dividends, there can be no assurance that the amount or frequency of cash dividends will not have to be reduced or that cash dividends will not have to be suspended, in the future, as this will depend on such factors as economic and market conditions, the Company's future financial performance and financial condition and its needs for capital. Item 9.01 Financial Statements and Exhibits. The following exhibit is attached to this Report: Exhibit 99.1: Press Release issued July 27, 2005, announcing that Foothill Independent Bancorp had increased its quarterly cash dividend by 15% to $0.15 per share of common stock. 2 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. FOOTHILL INDEPENDENT BANCORP Date: August 2, 2005 By: /s/ CAROL ANN GRAF ----------------------------- Carol Ann Graf Chief Financial Officer 3 INDEX TO EXHIBITS EXHIBIT NO. DESCRIPTION - ----------------- ----------------------------------------------------------- 99.1 Press Release issued July 27, 2005, announcing that Foothill Independent Bancorp had increased its quarterly cash dividend by 15% to $0.15 per share of common stock. 4 EX-99.1 2 a4944673ex99_1.txt EXHIBIT 99.1 - PRESS RELEASE Exhibit 99.1 Foothill Independent Bancorp Increases Quarterly Cash Dividend 15% GLENDORA, Calif.--(BUSINESS WIRE)--July 27, 2005--Foothill Independent Bancorp (NASDAQ:FOOT) announced that its Board of Directors has raised its cash dividend by 15% to $0.15 per share. The quarterly cash dividend will be payable August 23, to shareholders of record August 9, 2005. "Since January 2003, we have issued two 9% stock dividends, a five-for-four stock split, paid two sizable special cash dividends, and increased our quarterly cash dividend three times," stated George Langley, President & CEO. "In addition, last week we announced record profits for both the second quarter and first half of 2005, further demonstrating our total commitment to building shareholder value." For the quarter and six months ended June 30, 2005, net income increased 25% and 22%, to $0.31 and $0.60 per diluted share, respectively, over the same periods of 2004. Annualized return on average equity (ROAE) and return on average assets at June 30, 2005 improved to 16.3% and 1.33%, respectively. About Foothill Independent Bancorp Foothill Independent Bancorp is a one-bank holding company that operates Foothill Independent Bank. This wholly owned bank subsidiary currently operates 12 commercial banking offices in Los Angeles, San Bernardino and Riverside Counties. Foothill Independent Bank has consistently earned the highest ratings for safety and soundness from such bank rating firms as Findley Reports, Bauer Financial Services, and Veribanc. Forward-Looking Information This release contains forward-looking statements regarding expected future performance. Past performance, including cash and stock dividends and the ability to issue such dividends, as well as the impact of interest rates on profitability, are not indicative of the future. Actual results may differ materially from those currently anticipated in such forward looking statements, due, among other things, to those factors and risks identified in Management's Discussion and Analysis contained in the Company's publicly available Securities and Exchange Commission filings, including its Annual Report on Form 10-K for the year ended December 31, 2004. CONTACT: Foothill Independent Bancorp George Langley, 626-963-8551 -----END PRIVACY-ENHANCED MESSAGE-----