-----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, JTFvRcZg858tqHyxJC+qMvfAGn7JRZbuyrX97ud4ps1jpc85naeRT9Gj89DeVj1I Wt6n4dBMzOKnyCjc6JyuFw== 0000946275-96-000327.txt : 19961108 0000946275-96-000327.hdr.sgml : 19961108 ACCESSION NUMBER: 0000946275-96-000327 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961107 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961107 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: REDWOOD FINANCIAL INC /MN/ CENTRAL INDEX KEY: 0000942895 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 411807233 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25884 FILM NUMBER: 96655763 BUSINESS ADDRESS: STREET 1: 301 S WASHINGTON ST STREET 2: P O BOX 317 CITY: REDWOOD FALLS STATE: MN ZIP: 56283 BUSINESS PHONE: 5076378730 MAIL ADDRESS: STREET 1: 301 S WASHINGTON ST STREET 2: PO BOX 317 CITY: REDWOOD FALLS STATE: MN ZIP: 56283 8-K 1 FORM 8-K 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) November 7, 1996 Redwood Financial, Inc. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) Minnesota 0-25884 41-1807233 - ---------------------------- -------------- ---------------------- (State or other jurisdiction (SEC File No.) (IRS Employer of incorporation) Identification Number) 301 S. Washington Street, (P.O. Box 317), Redwood Falls, Minnesota 56283 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (507) 637-8730 -------------- Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last Report) REDWOOD FINANCIAL, INC. INFORMATION TO BE INCLUDED IN REPORT ------------------------------------ Item 7. Financial Statements, Pro Forma Financial Information and Exhibits - -------------------------------------------------------------- Exhibit 99 -- Press Release dated November 7, 1996. - ---------- 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, thereunto duly authorized. Redwood Financial, Inc. Date: November 7, 1996 By: /s/Paul W. Pryor ---------------- ---------------- Paul W. Pryor President EX-99 2 EXHIBIT 99 EXHIBIT 99 - -------------------------------------------------------------------------------- [LOGO] - -------------------------------------------------------------------------------- Redwood Financial, Inc. Contact: Paul W. Pryor, President 301 S. Washington Street (507) 637-8730 P.O. Box 317 Redwood Falls, Minnesota 56283-0317 For Immediate Release November 7, 1996 Redwood Financial, Inc. Authorization of Stock Repurchase Program by Board Redwood Falls, Minnesota -- November 7, 1996 -- Redwood Financial, Inc., the holding company of Redwood Falls Federal Savings and Loan Association, announced its intention to repurchase up to 106,875 shares of the Company's common stock. Mr. Paul W. Pryor, President, said the Company has been authorized by its Board of Directors to repurchase up to 10% of its 1,068,750 outstanding shares of common stock. The Company has received the necessary regulatory approval to initiate the repurchase program. The repurchases will be made in open-market transactions, subject to the availability of the shares, market conditions, the trading price of the shares and the Company's financial performance. These repurchased shares will become authorized but unissued shares and will be utilized for general corporate purposes, including the issuance of shares in connection with the exercise of stock options. Redwood Falls Federal Savings and Loan Association is headquartered in Redwood Falls, Minnesota and operates through its main office and its branch office located in Olivia, Minnesota. The Association's deposits are insured up to legal maximum limits by the Federal Deposit Insurance Corporation (FDIC). At September 30, 1996, the Company had total assets and stockholders' equity of $51.0 million and $13.2 million, respectively. The Company's Common Stock is listed on the OTC Bulletin Board under the symbol "REDW." The Company previously announced that it had signed a letter of intent providing for the acquisition by the Company of Olivia Bancorporation, Inc. ("Olivia"), which owns 97.6% of the outstanding stock of American State Bank of Olivia (the "Bank"), and the Bank. -----END PRIVACY-ENHANCED MESSAGE-----