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IBNK > SEC Filings for IBNK > Form 8-K on 18-Sep-2009All Recent SEC Filings

Show all filings for INTEGRA BANK CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for INTEGRA BANK CORP


18-Sep-2009

Regulation FD Disclosure, Financial Statements and Exhibits


Item 7.01 Regulation FD Disclosure.

On September 18, 2009, the Integra Bank Corporation (the "Corporation") announced that its Board of Directors suspended the payment of cash dividends on the Company's common stock for an indefinite period. The quarterly dividend had previously been $0.01 per share. A copy of a press release announcing the change in dividend policy is included as Exhibit 99.1 and is incorporated by reference.

The Company has made informal commitments to the Federal Reserve Bank of St. Louis ("Reserve Bank") in the form of a memorandum of understanding. Pursuant to the memorandum, the Company has agreed not to pay any dividends on outstanding shares or interest or other sums on outstanding trust preferred securities without the prior written approval of the Reserve Bank.

Prior to entering into the memorandum, the Company requested the Reserve Bank to approve the payment of interest in the amount of $496,915 on an issue of trust preferred securities that is payable this month. The Reserve Bank approved the Company's request. The Company also requested the Reserve Bank's approval to pay dividends on the Company's outstanding series of Fixed Rate Cumulative Perpetual Preferred Stock, Series B, held by the U.S. Department of Treasury.
Approximately $1,045,000 in dividends on the preferred shares will be payable in November 2009. The Reserve Bank has advised the Company it will consider such request after reviewing the capital plan of Integra Bank N.A.



Item 9.01 Financial Statements and Exhibits.

(c) Exhibit

99.1 Press Release dated September 18, 2009


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