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 16, 2015

 

Your Community Bankshares, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Indiana

 

0-25766

 

35-1938254

(State or Other Jurisdiction

 

(Commission

 

(IRS Employer

of Incorporation)

 

File Number)

 

Identification No.)

 

101 West Spring Street, New Albany, Indiana 47150

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number including area code (812) 944-2224

 

Not Applicable

(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:

 

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))

 

 

 



 

ITEM 8.01.  OTHER EVENTS

 

On December 16, 2015, Your Community Bankshares, Inc., redeemed 28,000 shares of the Company’s Non-Cumulative Perpetual Preferred Stock, Series B, that had been issued to the United States Department of the Treasury in September 2011 in connection with the Company’s participation in the Small Business Lending Fund program.  The shares were redeemed at their liquidation value of $1,000 per share plus accrued dividends for a total redemption amount of $28,091,383.

 

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.

 

YOUR COMMUNITY BANKSHARES, INC.

 

 

 

Date:  December 16, 2015

By:

/s/ Paul A. Chrisco

 

Name:

Paul A. Chrisco

 

Title:

Chief Financial Officer

 

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