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): March 16, 2005
Alpena Bancshares, Inc.
(Exact name of registrant as specified in its charter)
Federal 0-31957 38-3567362
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
100 S. Second Ave., Alpena, Michigan 49707
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(Address of principal executive offices) (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)
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 (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On March 16, 2005, Alpena Bancshares, Inc. (the "Registrant") issued a
press release reporting that the subscription offering portion of First Federal
of Northern Michigan Bancorp, Inc.'s second-step conversion has ended and that
it is continuing the community portion of the offering.
A copy of the press release dated March 16, 2005, giving details
associated with the subscription offering and the community offering is attached
as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
Exhibit No. Description
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99.1 Press release dated March 16, 2005
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.
ALPENA BANCSHARES, INC.
DATE: March 18, 2005 By: /s/ Martin A. Thomson
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Martin A. Thomson
President and Chief Executive Officer
2
EXHIBIT 99.1
PRESS RELEASE OF ALPENA BANCSHARES, INC.
Alpena Bancshares, Inc.
100 S. Second Ave.
Alpena, MI 49707
(989) 356-9041
FOR IMMEDIATE RELEASE
Contact: Martin Thomson, President
and Chief Executive Officer
Alpena Bancshares, Inc.
Tel (989) 356-9041
FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. ANNOUNCES THE CONCLUSION OF ITS
SUBSCRIPTION OFFERING AND THE CONTINUATION OF THE COMMUNITY OFFERING PORTION OF
ITS SECOND-STEP CONVERSION OFFERING
Alpena, Michigan - (March 16, 2005) -- Alpena Bancshares, Inc. (OTC Bulletin
Board: ALPN.OB)(the "Company"), the holding company of First Federal of Northern
Michigan, located in Alpena, Michigan, announced that the subscription offering
portion of First Federal of Northern Michigan Bancorp, Inc.'s second-step
conversion has ended and that it is continuing the community portion of the
offering.
The Company and Ryan Beck & Co., Inc. ("Ryan Beck"), marketing agent for the
offering, are completing the tabulation of orders. Subject to market conditions
and regulatory approval, the Company anticipates completing the offering at no
more than the Maximum of the offering range stated in the offering prospectus.
As in the subscription offering, the shares of common stock of First Federal of
Northern Michigan Bancorp, Inc. are being offered for sale in the community
offering at a price of $10.00 per share. Orders received in the subscription
offering will be retained, with interest on subscribers' funds continuing to
accrue at First Federal of Northern Michigan's passbook savings rate until
consummation of the offering.
The completion of the offering remains subject to (i) confirmation by RP
Financial, LC., the independent appraiser, of the existing appraisal, (ii)
approval and ratification of the Plan of Conversion by the members of Alpena
Bancshares, MHC and stockholders of Alpena Bancshares, Inc. at special meetings
to be held on March 23, 2005, and (iii) receipt of final regulatory approvals
from the Office of Thrift Supervision. Subject to these conditions, the
conversion and offering are expected to be consummated in April 2005, after
which shares of First Federal of Northern Michigan Bancorp, Inc. will begin
trading on the Nasdaq National Market under the symbol "FFNM".
This new release contains certain forward-looking statements about the proposed
conversion and related offering. These include statements regarding the
anticipated consummation date of the transactions. Forward-looking statements
can be identified by the fact that they do not relate strictly to historical or
current facts. They often include words like "believe," "expect," "anticipate,"
"estimate" and "intend" or future or conditional verbs such as "will," "would,"
"should," "could" or "may." Certain factors that could cause actual results to
differ materially from expected results include delays in completing the
conversion and changes in the securities markets.
THIS RELEASE IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY
COMMON STOCK. THE OFFER IS MADE ONLY BY THE PROSPECTUS. THE SHARES OF COMMON
STOCK ARE NOT SAVINGS ACCOUNTS OR SAVINGS DEPOSITS, MAY LOSE VALUE AND ARE NOT
INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT
AGENCY.
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(End)