SUGAR CREEK FINANCIAL CORP. (OTCBB:SUGR) Files An 8-K Other EventsItem 8.01 Other Events.
On April 17, 2017, the Board of Directors of Sugar Creek Financial Corp. (the “Company”) authorized management of the Company to take the requisite action to terminate the registration of the Company’s common stock under the Securities and Exchange Act of 1934, as amended. The Company is the savings and loan holding company for Tempo Bank (the “Bank”).
The Company intends to file a Form 15 (Certification and Notice of Termination from Registration) with the Securities and Exchange Commission (the “SEC”) on or about April 27, 2017. Upon the filing of the Form 15, the Company’s obligation to file periodic reports with the SEC, including Forms 10-K, 10-Q and 8-K, will be suspended immediately and will terminate when deregistration becomes effective 90 days after the Form 15 is filed.
Once deregistration becomes effective, the Company will no longer be required to file reports and forms with the SEC, including Forms 10-K, Forms 10-Q and Forms 8-K. The Bank, however, will continue to report detailed quarterly financial results via its Call Reports, which are publicly available on the Federal Deposit Insurance Corporation’s website at www.fdic.gov. The Company anticipates that its common stock will continue to be quoted on the OTC Market (either the OTCQB Market, where the stock currently trades, or the OTCPink Market) to the extent market makers continue to make a market in the Company’s shares. No guarantee, however, can be made that a trading market in the Company’s common stock in any over-the-counter market will be maintained.
About SUGAR CREEK FINANCIAL CORP. (OTCBB:SUGR) Sugar Creek Financial Corp.
is a holding company for Tempo Bank
(the Bank). The Company’s primary business activities consist of borrowings to Tempo Bank’s employee stock ownership plan (ESOP) and investing in deposit accounts at Tempo Bank
and other financial institutions. The Bank is a federally chartered savings bank. The Company offers single-family owner and non-owner occupied residential loans, commercial and multi-family real estate loans, land loans and consumer loans. The Company offers three types of residential mortgage loans: fixed-rate loans, balloon loans and adjustable-rate loans. The Company invests in a range of liquid assets, including the United States Treasury obligations, securities of various federal agencies and of state and municipal governments, mortgage-backed securities and certificates of deposit of federally insured institutions. Deposits and loan repayments are the Company’s sources of funds for lending and other investment purposes. SUGAR CREEK FINANCIAL CORP. (OTCBB:SUGR) Recent Trading Information SUGAR CREEK FINANCIAL CORP.
(OTCBB:SUGR) closed its last trading session 00.00 at 13.95 with 100 shares trading hands.
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