-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PYeuP2FK768Q9TU8X07wbr7Xnzz9FYh/NahDHC8mxSDtWX/NBZ/0F3/BHBNtVG7x 8VZtBu+NEJ3+WQWwkkq0Qg== 0000351616-98-000014.txt : 19980803 0000351616-98-000014.hdr.sgml : 19980803 ACCESSION NUMBER: 0000351616-98-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980730 ITEM INFORMATION: FILED AS OF DATE: 19980731 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ONE VALLEY BANCORP INC CENTRAL INDEX KEY: 0000351616 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 550609408 STATE OF INCORPORATION: WV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12949 FILM NUMBER: 98674996 BUSINESS ADDRESS: STREET 1: ONE VALLEY SQ STREET 2: SUMMERS & LEE STS PO BOX 1793 CITY: CHARLESTON STATE: WV ZIP: 25326 BUSINESS PHONE: 3043487000 FORMER COMPANY: FORMER CONFORMED NAME: ONE VALLEY BANCORP OF WEST VIRGINIA INC DATE OF NAME CHANGE: 19920703 8-K 1 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) July 30, 1998 ONE VALLEY BANCORP, INC. (Exact name of registrant as specified in its charter) West Virginia 0-10042 55-0609408 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) One Valley Square, Charleston, West Virginia 25326 (Address of principal executive offices) (Zip Code) (304) 348-7000 (Registrant's telephone number, including area code) Not applicable (Former name, address, and fiscal year, if changed since last report) One Valley Bancorp, Inc. Item 5. Other Events On July 30, 1998, One Valley Bancorp, Inc. and Summit Bankshares, Inc., headquartered in Raphine, Virginia, jointly announced that it is now anticipated that the closing of the transaction for One Valley to acquire Summit Bankshares will occur at the close of business on August 7, 1998. The closing had originally been anticipated to occur by September 30, 1998. The announcement of the new closing date was made by J. Holmes Morrison, President and Chief Executive Officer of One Valley, and W. Lowrie Tucker, III., President and Chief Executive Officer of Summit Bankshares. The transaction has received all requisite approval by regulatory authorities and the stockholders of Summit approved the merger at a Special Meeting held on July 30, 1998. Pursuant to the agreement, each share of Summit Bankshares common stock outstanding will be converted into 1.36 shares of One Valley common stock. This transaction will be accounted for as a pooling of interests. One Valley, with headquarters in Charleston, West Virginia is the largest bank holding company based in West Virginia with $5.7 billion in total assets. One Valley operates as a super community bank with 11 affiliate banks and 114 locations - 78 in West Virginia and 36 in Virginia. Following the merger with Summit Bankshares, which has $200 million in total assets on June 30, 1998, One Valley Bancorp will be a $5.9 billion asset company with 125 locations. Assets in Virginia will total $1.5 million, making One Valley the 8th largest banking company in that state. 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. One Valley Bancorp, Inc. DATE July 30, 1998 BY /S/ Laurance G. Jones Laurance G. Jones Executive Vice President & Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----