e8vk
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) |
September 19, 2007 |
|
|
Fentura Financial, Inc.
(Exact name of registrant as specified in its charter)
Michigan
(State or other jurisdiction of incorporation)
| |
|
|
| 0-23550
|
|
38-2806518 |
|
|
|
|
| (Commission File Number)
|
|
(IRS Employer Identification No.) |
| |
|
|
175 North Leroy Street
P.O. Box 725
Fenton, Michigan
|
|
48430-0725 |
|
|
|
|
| (Address of Principal Executive Offices)
|
|
(Zip Code) |
| |
|
Registrant’s telephone number, including area code |
(810) 629-2263 |
|
|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
| |
|
|
| o
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
|
| o
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
|
| o
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
| |
|
|
| o
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
1
Item 8.01 Other Events.
Fentura
Financial, Inc. has announced plans for a special third quarter
provision for loan losses. The provision expense for the quarter is
expected to be approximately $4.5 million. The action is in
response to an identified decline in credit quality of certain
borrowers in our
construction and land development loan portfolios.
The action taken by management follows a thorough and in depth evaluation of the entire
commercial loan portfolio and reflects the negative impact of the
Michigan economy on the housing sector including specifically several
of our
land development and construction borrowers.
2
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.
| |
|
|
|
| |
FENTURA FINANCIAL, INC.
(Registrant) |
| |
|
|
|
| |
By: |
/s/ Ronald L. Justice |
| |
|
|
Ronald L. Justice, SVP-Corporate
Governance & Investor Relations |
Dated:
September 19, 2007
3