UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) December 2, 2004
Premier Financial Bancorp, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Kentucky
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(State or Other Jurisdiction of Incorporation)
0-20908 61-1206757
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(Commission File No.) (IRS Employer Identification No.)
2883 Fifth Avenue Huntington, West Virginia 25702
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(Address of principal executive offices) (Zip Code)
(304) 525-1600
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Registrant's telephone number, including area code
Not Applicable
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(Former name or former address, if changes 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 communication pursant 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 pursant 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))
INFORMATION TO BE INCLUDED IN THE REPORT
Item 8.01. Other Events
On December 2, 2004, Premier Financial Bancorp, Inc. (Premier) issued a
news release announcing that it intends to redeem $1,000,000 (40,000 shares) of
its PFBI Capital Trust 9.75% Preferred Securities ("Trust Preferred Securities")
as of December 31, 2004. Premier also announced that the scheduled
distributions on the remaining Trust Preferred Securities will continue
to be deferred.
The announcement by Premier follows permission granted by the Federal
Reserve Bank of Cleveland to complete the $1,000,000 partial redemption. Premier
exercised its right to defer the payment of interest on its 9.75% Junior
Subordinated Deferrable Interest Debentures related to the Trust Preferred
Securities, for an indefinite period (which can be no longer than 20 consecutive
quarterly periods) following the denial by the Federal Reserve Bank of
Cleveland to pay the fourth quarter distribution scheduled for
December 31, 2002.
Item 9.01. Financial Statements and Exhibits
(c) Exhibit 99.1 - Press Release dated December 2, 2004.
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.
PREMIER FINANCIAL BANCORP, INC.
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(Registrant)
/s/ Brien M. Chase
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Date: December 3, 2004 Brien M. Chase, Vice President
and Chief Financial Officer
EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release dated December 2, 2004,
captioned "Premier Financial Bancorp,
Inc. to Redeem $1,000,000 of Trust
Preferred Securities".