JACKSONVILLE BANCORP, INC. (NASDAQ:JXSB) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
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Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year |
Effective on February 21, 2017, the Board of Directors of
Jacksonville Bancorp, Inc. (the Company) amended the Company
bylaws to add a new provision (Article II, Section 14) to provide
that no person 70 years of age or older will be eligible for
election, reelection, appointment or reappointment to the Board
of Directors of the Company. In addition, no person will serve as
a director beyond the annual meeting of stockholders immediately
following such person becoming 70 years of age; provided,
however, such person may serve the remainder of his or her
unexpired term.
A copy of the Amended and Restated Bylaws of the Company is
attached as Exhibit 3.2 to this report.
| Item 9.01 | Financial Statements and Exhibits |
| (a) | Financial statements of businesses acquired.None. | |
| (b) | Pro forma financial information.None. | |
| (c) | Shell company transactions: None. | |
| (d) | Exhibits. |
| 3.2 | Amended and Restated Bylaws of Jacksonville Bancorp, Inc. |
About JACKSONVILLE BANCORP, INC. (NASDAQ:JXSB)
Jacksonville Bancorp, Inc. is the bank holding company for Jacksonville Savings Bank (the Bank). The Bank is an Illinois-chartered savings bank. The Bank is engaged in the business of attracting retail deposits from the general public in its market area and using such funds, together with borrowings and funds from other sources, to originate mortgage loans secured by one- to four-family residential real estate, commercial and agricultural real estate, and home equity loans. The Bank also originates commercial and agricultural business loans, and consumer loans. It invests in the United States Government agency securities, bank-qualified, general obligation municipal issues and mortgage-backed securities issued or guaranteed by the United States Government or enterprises. Its principal sources of funds are customer deposits, proceeds from the sale of loans, short-term borrowings, funds received from the repayment and prepayment of loans and mortgage-backed securities. JACKSONVILLE BANCORP, INC. (NASDAQ:JXSB) Recent Trading Information
JACKSONVILLE BANCORP, INC. (NASDAQ:JXSB) closed its last trading session up +0.50 at 31.50 with 0 shares trading hands.
