UNITED STATES
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: September 5, 2002
SECOND BANCORP INCORPORATED
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(Exact name of registrant as specified in its charter)
Ohio 0-15624 34-1547453
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(State of incorporation) (Commission (IRS Employer
File Number) Identification No.)
108 Main Avenue S.W., Warren, Ohio 44482-1311
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 330-841-0123
ITEM 5. OTHER EVENTS
On September 4, 2002, the Company issued the following press release:
WARREN, OHIO, SEPTEMBER 4, 2002--SECOND BANCORP INCORPORATED (NASDAQ "SECD",
"SECDP") announced its stock-for-stock acquisition of all outstanding shares of
Stouffer-Herzog Insurance Agency, Inc. and Stouffer-Herzog Financial Services
Agency, Inc. (together, "Stouffer-Herzog"), the leading provider of life, health
and property and casualty insurance products in Ashtabula County, Ohio.
Stouffer-Herzog will operate as a Second Bancorp subsidiary and an affiliate of
Second Bancorp's banking subsidiary, Second National Bank of Warren. The
transaction is effective immediately.
Stouffer-Herzog, a second generation full-service insurance agency established
in 1956, is managed by President George E. Stouffer, Jr. and Executive Vice
President William R. Herzog. Both will continue to serve Stouffer-Herzog in
those capacities.
Second Bancorp President and Chief Executive Officer Rick L. Blossom indicated
"In our search for an in-market agency capable of serving as the foundation for
future growth in the insurance business, we focused on several key
characteristics. The agency we were seeking needed a track record of successful
operation with proven management and insurance professionals in place . . . a
strong reputation for integrity and community commitment . . . long-standing
relationships with
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high quality insurance carriers . . . and the experience and commitment to grow
this line of business through additional acquisitions. We believe we have found
all of these in Stouffer-Herzog. We are excited to welcome George, Bill and
Stouffer-Herzog's quality staff to the Second Bancorp family and look forward to
working with them in our ongoing efforts to create a high-performing,
community-based diversified financial services company."
This announcement contains forward-looking statements that involve risk and
uncertainties, including changes in general economic and financial market
conditions and the Company's ability to execute its business plans. Although
management believes the expectations reflected in such forward-looking
statements are reasonable, actual results may differ materially.
Second Bancorp is a $1.7 billion financial holding company providing a full
range of commercial and consumer banking, wealth management, insurance and
investment products and services to communities in a nine county area of
Northeastern and East-Central Ohio through subsidiaries Second National Bank and
Stouffer-Herzog Insurance Agency, Inc.
Additional information about Second Bancorp and information about products and
services offered by Second National Bank can be found on the Web at
www.secondnationalbank.com.
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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.
Second Bancorp Incorporated
Date: September 5, 2002 /s/ David L. Kellerman
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David L. Kellerman, Treasurer
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