-----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, PE9nXkiQxMOtuba+Lqdo4oO8/7GpeTorbKFlCB0PEr/2W9aRAwDy728CeZPgnZKx 6qUy9Pzm7BO2GfjFA3RcuQ== 0000946924-03-000046.txt : 20030925 0000946924-03-000046.hdr.sgml : 20030925 20030924194849 ACCESSION NUMBER: 0000946924-03-000046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030924 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030925 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KLAMATH FIRST BANCORP INC CENTRAL INDEX KEY: 0000946924 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 931180440 STATE OF INCORPORATION: OR FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26556 FILM NUMBER: 03908956 BUSINESS ADDRESS: STREET 1: 540 MAIN ST CITY: KLAMATH FALLS STATE: OR ZIP: 97601 BUSINESS PHONE: 5418823444 MAIL ADDRESS: STREET 2: 540 MAIN STREET CITY: KLAMATH STATE: OR ZIP: 97601 8-K 1 news_8k.txt 8K FOR 9/24/03 DIVIDEND PRESS RELEASE FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 24, 2003 Klamath First Bancorp, Inc. (Exact name of registrant as specified in its charter) Oregon 0-26556 93-1180440 State or other jurisdiction Commission (I.R.S. Employer of incorporation File Number Identification No.) 540 Main Street, Klamath Falls, Oregon 97601 (Address of principal executive offices) (Zip Code) Registrant's telephone number (including area code):(541)882-3444 Not Applicable (Former name or former address, if changed since last report) Item 7. Financial Statements and Exhibits. (c) Exhibits. The following exhibit is being filed with this Report and is attached hereto: 99.1 Press release of Klamath First Bancorp, Inc. dated September 24, 2003. Item 9. Regulation FD Disclosure The board of directors of Klamath First Bancorp, Inc. declared a quarterly cash dividend of $0.13 per share of common stock to be paid October 14, 2003 to shareholders of record on October 3, 2003. 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. KLAMATH FIRST BANCORP, INC. Date: September 24, 2003 By: /s/ Kermit K. Houser ------------------------------- Kermit K. Houser, President and Chief Executive Officer Date: September 24, 2003 By: /s/ Marshall Jay Alexander ------------------------------- Marshall Jay Alexander, Executive Vice President and Chief Financial Officer EX-99 4 newsrel_092403.txt DIVIDEND NEWS RELEASE DATED 9/24/03 EXHIBIT 99.1 Contacts: Kermit K. Houser Marshall J. Alexander President and CEO Executive VP and CFO (541)882-3444 X7133 (541)882-3444 X7120 News Release ================================================================================ KLAMATH FIRST DECLARES 32nd CONSECUTIVE QUARTERLY CASH DIVIDEND $0.13 PER SHARE TO BE PAID OCTOBER 14, 2003 KLAMATH FALLS, OREGON - September 24, 2003 - Klamath First Bancorp, Inc. (NASDAQ: KFBI) today announced that its board of directors declared a quarterly cash dividend of $0.13 per share of common stock to be paid October 14, 2003 to shareholders of record on October 3, 2003. As previously announced, Klamath First is party to a merger agreement pursuant to which Klamath will merge into Sterling Financial Corporation (NASDAQ: STSA), subject to shareholder and regularoty approval and the satisfaction of certain other closing conditions. The declaration and payment of quarterly cash dividends will not be affected by the pending merger because Klamath's payment of these dividends is permitted under the merger agreement. "Announcement of this 32nd consecutive cash dividend is an indication of Klamath's commitment to support and reward our shareholders," said Kermit K. Houser, President and CEO. On August 13, 2003, Klamath reported adjusted net earnings for the nine months ended June 30, 2003 of $1.5 million, or $0.22 per diluted share, after an other-than-temporary impairment charge. Total assets were $1.45 billion, net loans totaled $555.3 million, and deposits were $1.08 billion at June 30, 2003. Shareholders' equity grew to $121.5 million and book value was $18.31 per share at June 30, 2003. About Klamath First Bancorp, Inc. Klamath First Bancorp, Inc. is the holding company for Klamath First Federal Savings and Loan Association, which operates 59 offices, 57 in 26 counties throughout Oregon and 2 in-store branches in South Central Washington. Klamath First serves the state of Oregon through these offices by offering a full range of products and services for both the consumer and business customer, including commercial, consumer and real estate loans, various checking and savings products, 24-hour telephone banking, and online banking with bill pay through its web site www.KlamathFirst.com. Customers have access to brokerage and investment services through the company's subsidiary, Klamath First Financial Services. Additionally, customers may visit new in-store branches with extended banking hours six days a week. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) the proposed merger between Sterling Financial Corporation and Klamath First Bancorp, Inc.; (ii) Klamath First's plans, objectives, expectations and intentions and other statements contained in this presentation that are not historical facts; and (iii) other statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the management of Klamath and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of numerous possible uncertainties. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements (1) governmental approvals of the merger may not be obtained, or adverse regulatory conditions may be imposed in connection with governmental approvals of the merger; (2) the shareholders of Klamath First or Sterling may fail to approve the merger; (3) changes in interest rates; (4) changes in tax laws; (5) changes in general economic conditions or (6) changes in the securities markets. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in Sterling's and Klamath First's reports (such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K) filed with the securities and Exchange Commission and available on the SEC's Internet site (http://www.sec.gov). Klamath First Bancorp, Inc. disclaims any obligation to publicly announce future events or developments that may affect the forward-looking statements herein. ADDITIONAL INFORMATION The proposed merger with Sterling will be submitted to Klamath's shareholders for their consideration. Sterling has filed a registration statement that contains a Joint Proxy Statement/Prospectus and other relevant documents concerning the proposed transaction with the SEC. Klamath shareholders are urged to read the Joint Proxy Statement/Prospectus and any other relevant documents filed with the SEC as well as any amendments or supplements to those documents, because they contain important information. Shareholders may obtain a free copy of the Joint Proxy Statement/Prospectus and other documents containing information about Sterling and Klamath on the SEC's internet site at (http://www.sec.gov). # # # Note: Transmitted on Business Wire at 2:30 PM PDT, September 24, 2003. -----END PRIVACY-ENHANCED MESSAGE-----