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PFBI > SEC Filings for PFBI > Form 8-K on 20-Nov-2013All Recent SEC Filings

Show all filings for PREMIER FINANCIAL BANCORP INC | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Regulation FD Disclosur

Item 1.01. Entry into a Material Definitive Agreement

On November 15, 2013, Premier Financial Bancorp, Inc. ("Premier") and its wholly owned subsidiary Premier Bank, Inc. ("Premier Bank") entered into a material definitive agreement with Gassaway Bancshares, Inc. ("Bancshares") and the Bank of Gassaway ("Bank") located in Gassaway, West Virginia whereby Premier Bank will purchase Bank for approximately $20,250,000 in cash.

Under terms of the Agreement of Share Exchange and Merger, Premier Bank will purchase all the shares of Bank common stock for approximately $20,250,000 and will subsequently merge the Bank with and into Premier Bank. The transaction, which is subject to satisfaction of various contractual conditions and requires approval by regulatory agencies and the shareholders of Bancshares and Bank, is anticipated to close sometime in the second quarter of 2014.

Item 7.01. Regulation FD Disclosure

On November 19, 2013, Premier issued a press release announcing its purchase of the Bank of Gassaway. The text of that press release is included as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

(c) Exhibit 99.1 - Text of press release dated November 19, 2013.

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.


/s/ Brien M. Chase
Date: November 20, 2013 Brien M. Chase, Senior Vice President and Chief Financial Officer

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