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): June 12, 2003
Alpena Bancshares, Inc.
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(Exact name of registrant as specified in its charter)
United States 0-31957 38-3567362
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
100 S. Second Avenue, Alpena, Michigan 49707
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(Address of principal executive offices, with zip code)
Registrant's telephone number, including area code: (989) 356-9041
Not Applicable
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(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets
Effective February 28, 2003, First Federal of Northern Michigan (the "Bank"), a
federally chartered savings bank wholly own by Alpena Bancshares, Inc. ("ABI"),
a federally chartered holding company, entered into a Stock Purchase Agreement
with Ralph and Kathleen Stepaniak to acquire the entire issued and outstanding
stock interest of the InsuranCenter Corp. of Alpena ("ICA"), whereby ICA would
become a wholly owned subsidiary of the Bank. This agreement was detailed in a
Form 8-K report filed on March 13, 2003.
The parties executed an amendment to this Stock Purchase Agreement on April 30,
2003, which amendment extended the time for Closing from May 1, 2003 to June 1,
2003, with all other terms and conditions remaining unchanged. This amended
agreement was detailed in a Form 8-K report filed on May 9, 2003.
The parties executed a second amendment to this Stock Purchase Agreement on May
31, 2003, which amendment extended the time for Closing from June 1, 2003 to
June 13, 2003, with all other terms and conditions remaining unchanged. This
amended agreement was detailed in a Form 8-K report filed on June 12, 2003.
The purchase transaction was consummated on June 12, 2003.
Item 7. Financial Statements, Pro Forma Financial Information & Exhibits
(a) Financial Statements of Business Acquired. No financial statements
are being filed pursuant to Rule 3-05(b)(2)(i) of Regulation S-X.
(b) Pro Forma Financial Information. No Pro forma financial
information is being filed pursuant to Rule 11-01(c) of
Regulation S-X.
(c) Exhibits - None
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed
on its behalf the undersigned, hereto duly authorized.
ALPENA BANCSHARES, INC. AND
FIRST FEDERAL OF NORTHERN MICHIGAN
DATE: June 23, 2003
By: /s/ Martin A. Thomson
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Martin A. Thomson
President and Chief Executive Officer
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