-----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, VuI1HrMTCKBFqLNLUkjWD8FnkGIgCHz7yY4xR5p/QXG/lEqNIKit2MgCQMyRbGCc X3IhmWNNHL9yVvwq18Nvkg== 0000921085-01-000004.txt : 20010307 0000921085-01-000004.hdr.sgml : 20010307 ACCESSION NUMBER: 0000921085-01-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010228 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL COAST BANCORP CENTRAL INDEX KEY: 0000921085 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 770367061 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25418 FILM NUMBER: 1558139 BUSINESS ADDRESS: STREET 1: 301 MAIN ST CITY: SALINAS STATE: CA ZIP: 93901 BUSINESS PHONE: 4084226642 MAIL ADDRESS: STREET 1: P O BOX 450 CITY: SALINAS STATE: CA ZIP: 93902 FORMER COMPANY: FORMER CONFORMED NAME: SALINAS VALLEY BANCORP DATE OF NAME CHANGE: 19940330 8-K 1 0001.txt 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Seciton 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2001 ----------------- CENTRAL COAST BANCORP --------------------- (Exact name of registrant as specified in its charter) STATE OF CALIFORNIA 0-25418 77-0367061 - ------------------- ------- ---------- (State or other jurisdiction (Commission file (I.R.S. Employer of incorporation) number) Identification No.) 301 Main Street, Salinas, California 939301 - ------------------------------------ ------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (831) 422-6642 -------------- Not Applicable -------------- (Former name or former address, if changed since last report) Page 1 of 5 pages The Exhibit Index is on Page 4 1 Item 5. OTHER EVENTS. The Registrant issued a press release dated February 28, 2001 announcing that the board of directors has authorized a stock repurchase program for up to five percent (5%) of the Compny's outstanding shares. This is a new program authorized in anticipation of the completion of the previous five percent repurchase program announced in May 2000. The May 2000 program has approximately 70,000 shares left to repurchase out of an approved total of 382,600 shares (adjusted for the 10% stock dividend distributed today). Item 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) FINANCIAL STATEMENTS. Not Applicable. (b) PRO FORMA FINANCIAL INFORMATION. Not Applicable. (c) EXHIBITS. (99.1) Press Release dated February 28, 2001 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. CENTRAL COAST BANCORP Dated: February 28, 2001 /s/ ROBERT M. STANBERRY ----------------------- Robert M. Stanberry, CFO 3 EXHIBIT INDEX
Sequential Exhibit No. Description Page No. - ----------- ----------- -------- 99.1 Press Release dated February 28, 2001 5
4 EX-99.1 2 0002.txt EXHIBIT 99.1 Exhibit 99.1 CENTRAL COAST BANCORP PRESS RELEASE Contact: Robert Stanberry Chief Financial Officer (831) 422-6642 CENTRAL COAST BANCORP ANNOUNCES STOCK REPURCHASE PROGRAM Salinas, California - February 28, 2001. Nick Ventimiglia, Chairman, President and CEO of Central Coast Bancorp (Nasdaq: CCBN) today announced that the board of directors has authorized a stock repurchase program for up to five percent (5%) of the Company's outstanding shares. This is a new program authorized in anticipation of the completion of the previous five percent repurchase program announced in May 2000. The May 2000 program has approximately 70,000 shares left to repurchase out of an approved total of 382,600 shares (adjusted for the 10% stock dividend issued today). The repurchases will be made from time to time by the Company in the open market or in block purchases or in privately negotiated transactions in compliance with Securities and Exchange Commission (SEC) rules. Based on the current outstanding shares less the remaining shares to be purchased under the May 2000 plan, up to approximately 365,000 shares may be repurchased. Ventimiglia stated: "The additional repurchase of Central Coast Bancorp's stock will provide continued value for our shareholders by enhancing per share earnings and improving the return on equity of the Company." Central Coast Bancorp operates as a holding company for Community Bank of Central California. Community Bank, headquartered in Salinas, has branch offices located in the Monterey County communities of Salinas, North Salinas, Monterey, Seaside, Marina, Castroville, Gonzales and King City, in the Santa Cruz County community of Watsonville and in the San Benito County community of Hollister. The Bank provides traditional deposit, lending, mortgage and commercial products and services to business and retail customers throughout the California Central Coast area. The Bank has an Internet web site at www.community-bnk.com. Forward-Looking Statements In addition to the historical information contained herein, this press release contains certain forward-looking statements. The reader of this press release should understand that all such forward-looking statements are subject to various uncertainties and risks that could affect their outcome. The Company's actual results could differ materially from those suggested by such forward-looking statements. Changes to such risks and uncertainties, which could impact future financial performance, include, among others: (1) competitive pressures in the banking industry; (2) changes in the interest rate environment; (3) general economic conditions, nationally, regionally and in the operating market areas of the Company and the Bank; (4) changes in the regulatory environment; (5) changes in business conditions and inflation; (6) changes in securities markets. This entire press release should be read to put such forward-looking statements in context and to gain a more complete understanding of the uncertainties and risks involved in the Company's business. 301 Main Street, Salinas, California 93901 5 -----END PRIVACY-ENHANCED MESSAGE-----