-----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, RpgMse55sAd/3B3eYsDBZZkB/UQ/bN9G+lTT+1pBz5iUx94h+Ji1pGEXIVtKaAZo cyT+bezY952rQ9W9lRwuOQ== 0000912057-01-539181.txt : 20020410 0000912057-01-539181.hdr.sgml : 20020410 ACCESSION NUMBER: 0000912057-01-539181 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011113 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALIFORNIA INDEPENDENT BANCORP CENTRAL INDEX KEY: 0000948976 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 680349947 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26552 FILM NUMBER: 1784647 BUSINESS ADDRESS: STREET 1: 1227 BRIDGE STREET STREET 2: SUITE C CITY: YUBA CITY STATE: CA ZIP: 95992 BUSINESS PHONE: 9166744444 MAIL ADDRESS: STREET 1: P O BOX 1575 STREET 2: 1005 STAFFORD WAY CITY: YUBA CITY STATE: CA ZIP: 95992 8-K 1 a2063059z8-k.htm 8-K Prepared by MERRILL CORPORATION
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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 13, 2001

CALIFORNIA INDEPENDENT BANCORP
(Exact Name of Registrant as Specified in Charter)

California
(State or Other Jurisdiction
of Incorporation)
  0-265520
(Commission File Number)
  68-0349947
(IRS Employer
Identification No.)

1227 Bridge St., Suite C
Yuba City, CA

(Address of Principal Executive Offices)

 

95991
(Zip Code)

Registrant's telephone number, including area code: (530) 674-6025

N/A

(Former Name or Former Address, if Changed Since Last Report)




Item 5. Other Events.

    This report is being filed by the Registrant to announce that on November 13, 2001, it issued a press release announcing that the Board of Directors has adopted a program to affect repurchases of the Company's common stock. A copy of the press release is attached hereto as Exhibit 99.1.

Item 7. Financial Statements and Exhibits.

    (c)
    Exhibits.

    The following exhibits are filed with this report on Form 8-K:

Exhibit No.

  Description
     
99.1   Press Release of the Registrant issued on November 13, 2001.


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.

    CALIFORNIA INDEPENDENT BANCORP

Date: November 13, 2001

 

By:

 

/s/ 
ROBERT J. LAMPERT   
    Name:   Robert J. Lampert
    Title:   Chief Financial Officer/Corporate Secretary
(Principal Financial and Accounting Officer)



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SIGNATURES
EX-99.1 3 a2063059zex-99_1.htm EXHIBIT 99.1 Prepared by MERRILL CORPORATION

November 13, 2001

FOR IMMEDIATE RELEASE Contact:   Larry D. Hartwig, President/CEO
(530) 674-6025

California Independent Bancorp Announces Stock Repurchase Plan

Yuba City, California... California Independent Bancorp (NASDAQ: CIBN), parent company of Feather River State Bank, announced today that its Board of Directors approved a plan to repurchase, as conditions warrant, up to 5% of the Company's common stock on the open market. The duration of the plan is open-ended and the timing of purchases is dependent upon market conditions.

Larry Hartwig, President and CEO commented, "We believe that a stock repurchase plan is an appropriate strategy to optimize the Company's use of its equity capital—and is an integral part of our objective to increase shareholder value".

California Independent Bancorp and its subsidiary, Feather River State Bank with $307.2 million in assets as of September 30, 2001, engages in a broad range of financial services activities. Its primary market is located in the northern portion of the Sacramento Valley, with a total of nine branches positioned in five counties. In addition, the Bank operates loan production offices at its Yuba City, Woodland and Roseville branch locations emphasizing commercial real estate, residential construction, agribusiness, consumer and commercial lending.

Forward-looking statements—The Private Securities Litigation Reform Act of 1995:

Certain statements contained in this release are forward-looking statements that are subject to risk and uncertainty. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. A number of factors—many of which are beyond the Company's control—could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. The Company's reports filed with the Securities and Exchange Commission, including the Company's Form 10-K for the year ended December 31, 2000, and Form 10-Q for the quarter ended September 30, 2001, describe some of these factors, including certain credit, market, operational, liquidity, interest rate, and the residual effects, if any, of Year 2000 risks associated with the Company's business and operations. Other factors described in the Company's Form 10-K for the year ended December 31, 2000, and Form 10-Q for the quarter ended September 30, 2001, include changes in business and economic conditions, competition, fiscal and monetary policies, and legislation. There are other factors besides these that could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements or otherwise affect in the future the Company's business, results of operations and financial condition.  Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update such statements in light of new information or future events.



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