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): May 31, 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.
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
No. Description
2.1 Amendment To The Stock Purchase Agreement.
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 12, 2003
By: /s/ Martin A. Thomson
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Martin A. Thomson
President and Chief Executive Officer
2
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
EX - 2.1 Amendment to the Stock Purchase Agreement.