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):
December 19, 2008
TriCo Bancshares
(Exact name of registrant as specified in its charter)
California 0-10661 94-2792841
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation or organization Identification No.)
incorporation or organization)
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 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(b) On December 19, 2008, Tri Counties Bank announced the retirement of Rick
Hagstrom, Chief Operations Officer, effective December 31, 2008.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press release dated December 19, 2008.
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.
Date: December 19, 2008 TRICO BANCSHARES
(Registrant)
By:/s/ Thomas J. Reddish
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Thomas J. Reddish
Executive Vice President
Chief Financial Officer
Exhibit 99.1
TRICO BANCSHARES ANNOUNCES RETIREMENT OF CHIEF OPERATIONS OFFICER
PRESS RELEASE Contact: Rick Smith
FOR IMMEDIATE RELEASE President & CEO
(530) 898-0300
CHICO, Calif. - (December 19, 2008) - TriCo Bancshares (NASDAQ: TCBK), parent
company of Tri Counties Bank, today announced the retirement of Rick Hagstrom,
Chief Operations Officer effective at year end. Mr. Hagstrom, 62 joined TriCo
Bancshares following the acquisition of Sutter Butte Savings in 1996, where he
served as President.
During his tenure at TriCo Bancshares, Mr. Hagstrom was primarily responsible
for the Company's residential real estate mortgage operation. Over the past few
years, Mr. Hagstrom provided leadership over numerous banking operations within
the bank and as part of the executive management team.
Richard P. Smith, President and Chief Executive Officer expressed that, "Rick
Hagstrom has been highly respected and valuable member of our team since joining
us from Sutter Butte Savings. I will miss his friendship, leadership, and
professionalism. Rick is a good man and we wish him and his lovely wife Vicki
only the best as they embark on the next phase of their lives."
The bank plans to re-allocate resources from within the bank to absorb Mr.
Hagstrom's job duties, Smith added.
TriCo Bancshares and Tri Counties Bank are headquartered in Chico, California.
Tri Counties Bank has a 33-year history in the banking industry. Tri Counties
Bank operates 32 traditional branch locations and 25 in-store branch locations
in 23 California counties, and as of June 30, 2008, had approximately $1.9
billion in assets. 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 64 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.