-----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, WmRKlTR6XvdFmPCzd9Cn+gzoyA6uECuyqTHf09w7JPVbcAnozQZY3SqHjFJOuTKh b1U4+GSKZPYL9002uPd7tQ== 0000702902-05-000108.txt : 20050512 0000702902-05-000108.hdr.sgml : 20050512 20050512160635 ACCESSION NUMBER: 0000702902-05-000108 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050512 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050512 DATE AS OF CHANGE: 20050512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARLEYSVILLE NATIONAL CORP CENTRAL INDEX KEY: 0000702902 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 232210237 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15237 FILM NUMBER: 05824556 BUSINESS ADDRESS: STREET 1: 483 MAIN ST STREET 2: P O BOX 195 CITY: HARLEYSVILLE STATE: PA ZIP: 19438 BUSINESS PHONE: 2152568851 MAIL ADDRESS: STREET 1: 483 MAIN STREET CITY: HARLEYSVILLE STATE: PA ZIP: 19438 8-K 1 additionalstockrepurchase.htm PRESS RELEASE ON ADDITIONAL STOCK REPURCHASE Press Release on Additional Stock Repurchase



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 - May 12, 2005

HARLEYSVILLE NATIONAL CORPORATION
(Exact name of registrant as specified in its charter)

___________________

 
Pennsylvania
0-15237
23-2210237
(State or other jurisdiction
of incorporation or organization)
Commission File Number
(IRS Employer
Identification No.)

483 Main Street
Harleysville, Pennsylvania 19438
(Address of principal executive office and zip code)

(215) 256-8851
(Registrant’s telephone number, including area code)





Check the appropriate box below if the Form 8K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions

[ ] 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 240.133-4(c))

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Item 8.01 Other Events
On May 12, 2005, Harleysville National Corporation (the “Corporation”) issued a press release announcing the completion of the stock repurchase and the authorization to repurchase additional stock up to 4.9 percent. A copy of the press release is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits


(c)  
Exhibits.

Exhibit 99.1: Press Release issued by Harleysville National Corporation dated May 12, 2005 titled “Harleysville National Corporation Completes Its Previously Announced Stock Repurchase and Authorizes an Additional Repurchase up to 4.9 Percent.”



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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.



HARLEYSVILLE NATIONAL CORPORATION




Dated: May 12, 2005             /s/ Michael B. High                         
 Michael B. High, EVP, Chief Financial Officer and COO


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EXHIBIT INDEX

 
Page
   
Exhibit 99.1 Press Release dated May 12, 2005, of Harleysville National Corporation (filed pursuant to Item 9.01 hereof).
5
 
  
   
   
   


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 EX-99.1 NEWS RELEASE 2 additionalrepurchaseofstock.htm PR -STOCK REPURCHASE AUTHORIZATION PR -Stock Repurchase Authorization

FOR IMMEDIATE RELEASE
CONTACT: Gregg J. Wagner, President and CEO
PHONE: 215-513-2391



HARLEYSVILLE NATIONAL CORPORATION
COMPLETES ITS PREVIOUSLY ANNOUNCED STOCK REPURCHASE
AND AUTHORIZES AN ADDITIONAL REPURCHASE UP TO 4.9 PERCENT


HARLEYSVILLE, PA (May 12, 2005) - The Board of Directors of Harleysville National Corporation (HNC) (NASDAQ:HNBC) announced today the approval of a plan to repurchase up to 1,285,000 shares, or 4.9 percent, of outstanding common stock. HNC has substantially completed its previously announced repurchase program in the amount of 1,231,301 shares. As of May 10, 2005, the corporation had 26,245,722 shares of common stock outstanding.
Repurchases are authorized to be made by HNC from time to time in open market or negotiated transactions as, in the opinion of management, market conditions warrant. The repurchased shares will be held as treasury stock and may be reserved for issuance pursuant to the Corporation’s stock benefit plans or other general corporate purposes. No specific timetable has been set for the repurchases.
Gregg J. Wagner, President and Chief Executive Officer of HNC stated, “The ongoing repurchase program reflects management’s belief that the current price of HNC common stock does not adequately reflect our long term business and earnings prospects. The use of our capital must continue to be balanced with other internal and external investment opportunities, while maximizing the use of existing assets and resources to generate shareholder value.”

 

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Harleysville National Corporation, with assets of $3 billion, is the holding company for Harleysville National Bank (HNB). Investment Management and Trust Services are provided through Millennium Wealth Management & Private Banking, a division of HNB, with assets under management exceeding $1.6 billion. Cumberland Advisors, Inc., an SEC registered investment advisor specializing in fixed-income money management and equities, using exchange-traded funds, is also a part of Millennium Wealth Management & Private Banking. Harleysville National Corporation stock is traded under the symbol "HNBC" and is commonly quoted under Nasdaq National Market Issues. For more information, visit the HNC website at www.hncbank.com.
 
 
This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Corporation’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the Corporation’s filings with the Securities and Exchange Commission.


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