-----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, UoF7VhEVPkLW1J/1/WvZq0u3hA75/W1svPZpo+YDGNfLFyjQjSbzxD9uGwNWn9Kp CUSWREddLSEie0sqzR8e4w== 0000790555-97-000011.txt : 19970506 0000790555-97-000011.hdr.sgml : 19970506 ACCESSION NUMBER: 0000790555-97-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970505 ITEM INFORMATION: Other events FILED AS OF DATE: 19970505 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIERRAWEST BANCORP CENTRAL INDEX KEY: 0000790555 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 680091859 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11611 FILM NUMBER: 97595667 BUSINESS ADDRESS: STREET 1: 10181 TRUCKEE TAHOE AIRPORT RD STREET 2: P O BOX 61000 CITY: TRUCKEE STATE: CA ZIP: 96161-9010 BUSINESS PHONE: 9165823000 MAIL ADDRESS: STREET 1: PO BOX 61000 CITY: TRUCKEE STATE: CA ZIP: 96160 FORMER COMPANY: FORMER CONFORMED NAME: SIERRA TAHOE BANCORP DATE OF NAME CHANGE: 19920703 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: May 5, 1997 SIERRAWEST BANCORP (Exact Name of Registrant as Specified in its Charter) California File No. 0-15450 68-0091859 (State of Incorporation) (Commission File No.) (IRS Employer Identification No.) 10181 Truckee-Tahoe Airport Road, Truckee, CA 96160-9010 (Address of Principal Executive Offices) Registrant's Telephone Number: (916) 582-3000 Item 5. Other Events Today, SierraWest Bancorp issued a press release announcing that its Board of Directors has elected to redeem the remaining balance of its Convertible Subordinated Debentures, due 2004, effective June 30, 1997. The Debentures may, at the option of holders, be converted into an aggregate of approximately 360,000 shares of the Company's Common Stock. Item 7. Financial Statements and Exhibits (c) Exhibits 99. Press release dated May 5, 1997. 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. SierraWest Bancorp (Registrant) Dated: May 5, 1997 By: /s/ David C. Broadley Truckee, California David C. Broadley EVP/Chief Financial Officer Exhibit 99 News Release FOR: SIERRAWEST BANCORP APPROVED BY: William T. Fike President & Chief Executive Officer (916) 582-3000 CONTACT: Morgen-Walke Associates, Inc. John Swenson, David Gennarelli, Doug Sherk (415) 296-7383 David Sasso, Joshua Passman (212) 850-5600 For Immediate Release SIERRAWEST BANCORP ANNOUNCES CONVERSION OF CONVERTIBLE SUBORDINATED DEBENTURES INTO COMMON STOCK TRUCKEE, Calif. (May 5, 1997) SierraWest Bancorp (Nasdaq: SWBS) today announced that its Board of Directors has elected to redeem the remaining $3.6 million of its Convertible Subordinated Debentures, due, 2004, effective June 30, 1997. The Debentures may, at the option of holders, be converted into an aggregate of approximately 360,000 shares of the Company's Common Stock. "The complete redemption or conversion of the Debentures to Common Stock eliminates our remaining long-term debt," said William T. Fike, president and chief executive officer. "Assuming debenture holders convert their holdings to common stock, our equity will increase by approximately $3.6 million." SierraWest Bancorp is the holding company for SierraWest Bank, head- quartered in Truckee, California with branches in Sacramento, the Sierra foot- hills region of California and northern Nevada. # # # -----END PRIVACY-ENHANCED MESSAGE-----