UNITED STATES
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):
August 30, 2004
TriCo Bancshares
(Exact name of registrant as specified in its charter)
California 0-10661 94-2792841
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(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation)
63 Constitution Drive, Chico, California 95973
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(530) 898-0300
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
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On August 30, 2004, Tri Counties Bank, a wholly owned subsidiary of TriCo
Bancshares (NASDAQ: TCBK), announced an aggressive expansion plan that will
bring six new branches to the Sacramento area and additional branches to cities
as far south as Bakersfield by early 2005.
Item 9.01: Financial Statements and Exhibits
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(c) Exhibits
99.1 Press release dated August 30, 2004
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, thereunto duly authorized.
TRICO BANCSHARES
Date: August 31, 2003 By: /s/ Thomas J. Reddish
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Thomas J. Reddish, Vice President and
Chief Financial Officer (Principal
Financial and Accounting Officer)
INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Press release dated August 30, 2004
Exhibit 99.1
FOR IMMEDIATE RELEASE CONTACT: Nicole Koebrich
Tri Counties Bank
530-332-2333
nicolekoebrich@tcbk.com
TRI COUNTIES BANK TO OPEN SIX NEW BRANCHES IN SACRAMENTO
Largest Community Bank Headquartered North of Sacramento Continues
Expansion Plans into California's Central Valley
CHICO, Calif. - (August 30, 2004) -Tri Counties Bank is bringing its hometown
banking philosophy to communities throughout the Central Valley through an
aggressive expansion plan that will bring six new branches to the Sacramento
area and additional branches to cities as far south as Bakersfield by early
2005.
The Chico-based Tri Counties Bank, a wholly owned subsidiary of TriCo Bancshares
(NASDAQ: TCBK), is expanding its Northern California banking operation in
Sacramento primarily through Raley's stores. Five of the new branches will be
located inside Raley's stores in Woodland, Folsom, Lincoln, Elk Grove and North
Natomas. All five in-store branches will offer full service banking and will
operate just like a traditional branch. Plans are also underway for a new
traditional branch that will increase Tri Counties Bank's presence in the
Roseville area. Tri Counties Bank currently operates 4 branches in the
Sacramento area.
"In-store banking has been a very effective way for Tri Counties Bank to enter
new markets, and introduce new customers to our bank in a supermarket where they
are already doing their shopping," said Andrew Mastorakis, executive vice
president of Retail Banking for Tri Counties Bank. "In-store banking has proven
to be a great way for us to penetrate a new market and grow our customer base
much quicker and at a lower cost. Additionally, we're able to provide service 7
days a week, which customers value as a huge convenience."
All in-store branches are open seven days a week and until 7p.m. every day
except Sundays, when they are open until 5p.m.
Plans have also been set forth to expand and re-locate the Tri Counties Bank
business centers in Bakersfield, Arden Fair, Modesto and Visalia, all of which
have out grown the current locations. The new locations for each office will
accommodate future growth, enhance consumer banking services and support
branches that will be opening in those areas through the ongoing expansion.
"We are a traditional bank, born and raised in Chico, one of California's great
small towns," said Rick Smith, president and CEO of Tri Counties Bank. "Our
success in the communities we serve north of Sacramento has allowed us to carry
over our banking philosophy throughout California's booming Central Valley. The
Central Valley is booming, and the growing communities there value the same
banking principles of those we've been serving for the last 29 years."
Tri Counties Bank currently operates 33 traditional branches and 13 in-store
branches throughout California. Four of those branches are located in the
Sacramento Area, and seven span from Modesto to Bakersfield in the Central
Valley. The bank's expansion plans include several additional locations in
markets throughout the Central Valley.
TriCo Bancshares and Tri Counties Bank are headquartered in Chico, Calif. Tri
Counties Bank has a 29-year history in the banking industry. It operates 33
traditional branch locations and 13 in-store branch locations in 21 California
counties. Tri Counties Bank offers financial services and provides a diversified
line of products and services to consumers and businesses, which include demand,
savings and time deposits, consumer finance, online banking, mortgage lending,
and commercial banking throughout its market area. It operates a network of 58
ATMs and a 24-hour, seven days a week telephone customer service center.
Brokerage services are provided at the Bank's offices by the Bank's association
with Raymond James Financial, Inc. For further information please visit the Tri
Counties Bank web site at http://www.tricountiesbank.com.