-----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, GtobvgTL2PkG6qofYyCPRPs4yNsJY+zKev6ZZueoiqCYg9CIe9ryjLZQm4kOzgBF nwjBNzn3ZY7zI+UxX58G9Q== 0000702902-06-000067.txt : 20061113 0000702902-06-000067.hdr.sgml : 20061110 20061113103712 ACCESSION NUMBER: 0000702902-06-000067 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061113 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061113 DATE AS OF CHANGE: 20061113 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: 061206198 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 form8-khonesdalesalecomple.htm HARLEYSVILLE NATIONAL CORPORATION COMPLETES SALE OF HONESDALE BRANCH Harleysville National Corporation completes Sale of Honesdale Branch
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):
November 13, 2006



__________________________________________
(Exact name of registrant as specified in its charter)

Pennsylvania
0-15237
23-2210237
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
 
   
483 Main Street, Harleysville, Pennsylvania
 
19438
_________________________________
(Address of principal executive offices)
 
___________
(Zip Code)



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


Not Applicable
______________________________________________
Former name or former address, if changed since last report


 
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))



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Item 8.01 Other Events


On November 13, 2006, Harleysville National Corporation, the holding company for Harleysville National Bank, issued a press release announcing the completion of the sale of the Honesdale, Pennsylvania branch. At the close of business on November 10, 2006, the sale was completed pursuant to the Branch Purchase Agreement and Deposit Assumption Agreement by and among First National Community Bank and Harleysville National Bank and Trust Company dated July 26, 2006. The sale of this single Wayne County branch includes approximately $74 million in deposits, as well as approximately $25 million in loans and other assets. Harleysville National Bank will record a pre-tax profit on the sale of approximately $10.5 million, or approximately $.23 per share, diluted, net of tax during the fourth quarter of 2006. A copy of this press release is attached as Exhibit 99.1.

Item 9.01 Financial Statement and Exhibits

(a)  
Not applicable
(b)  
Not applicable
(c)  
Not applicable
(d)  
Exhibits

Exhibit 99.1 Press Release, dated November 13, 2006, of Harleysville National Corporation announcing the completion of the sale of the Honesdale, Pennsylvania branch.

 
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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
 
     
November 13, 2006
 
By:
/s/ George S. Rapp
     
Name: George S. Rapp
     
Title: EVP and CFO


 

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EXHIBIT INDEX

 
Page
   
   Exhibit 99.1 Press Release, dated November 13, 2006, of Harleysville National Corporation announcing the completion of the sale of the Honesdale, Pennsylvania branch.
5
 
 
   
   
   
 

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EX-99.1 PRESSRELEASE 2 prhonesdalebranchsalecomplet.htm HARLEYSVILLE NATIONAL CORPORATION ANNOUNCES COMPLETION OF HONESDALE BRANCH SALE Harleysville National Corporation Announces Completion of Honesdale Branch Sale

FOR IMMEDIATE RELEASE

CONTACT: D.M. Takes, President and CEO
PHONE: 215-513-2304

CONTACT: William S. Lance, First Senior Vice President
PHONE: 570-348-6438


HARLEYSVILLE NATIONAL CORPORATION COMPLETES SALE OF
HONESDALE, PA BRANCH TO FIRST NATIONAL COMMUNITY BANCORP

Harleysville, PA (November 13, 2006) - Harleysville National Corporation (NASDAQ: HNBC), the holding company for Harleysville National Bank, and First National Community Bank, a wholly-owned subsidiary of First National Community Bancorp (OTC Bulletin Board: FNCB), announced today that they have completed the previously-announced sale of the Honesdale, Pennslylvania branch from Harleysville National Bank to First National Community Bank. The sale of this Wayne County branch includes approximately $74 million in deposits, as well as approximately $25 million in loans and other assets. Branch personnel have been offered similar positions with First National Community Bank. Harleysville National Bank will record a pre-tax profit on the sale of approximately $10.5 million, or approximately $.23 per share, diluted, net of tax during the fourth quarter of 2006.
 
Deb M. Takes, President and CEO of Harleysville National Bank and Harleysville National Corporation, commented on the transaction. “The sale of our single Wayne County location will allow us to focus on core market expansion, with immediate efforts being directed toward our previously announced plans to construct offices in Warminster and Warrington, Bucks County and Plymouth Meeting, Montgomery County. We thank the Honesdale employees and customers for their loyalty and support and are confident that First National Community Bank will continue to serve Wayne County well.”
 

 

First National Community Bancorp President and CEO, J. David Lombardi, commented, “We are very excited to expand our branch network and look forward to serving the residents of Honesdale and the surrounding communities. Wayne County is an excellent geographic fit for us given our presence in Lackawanna and Luzerne Counties. As a locally-owned community bank, we have quality products and services to offer the businesses and residents of this new market. We also look forward to expanding our business relationships in this growing area of Pennsylvania, which includes Wayne, Pike and Monroe Counties. FNCB has also begun construction on a new office in downtown Stroudsburg which will be the first of several locations in the Monroe County market.”
 
Harleysville National Corporation used Cedar Hill Advisors, LLC as financial advisor and Stevens & Lee as legal counsel for this transaction. First National Community Bancorp used Bybel Rutledge LLP as legal counsel for this transaction.
 
First National Community Bancorp, with assets of $1 billion, conducts business from sixteen offices located throughout Lackawanna and Luzerne counties via its subsidiary, First National Community Bank. For further information, visit www.fncb.com.
 
Harleysville National Corporation, with assets of $3.4 billion, is the holding company for Harleysville National Bank (HNB). Investment Management and Trust Services are provided through Millennium Wealth Management, a division of HNB, with assets under management exceeding $2.2 billion. Harleysville National Corporation stock is traded under the symbol "HNBC" and is commonly quoted under Nasdaq Global Select Market Issues. For more information, visit the Harleysville National Corporation website at www.hncbank.com.


This press release may contain forward-looking information 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 financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in Harleysville National Corporation’s filings with the Securities and Exchange Commission and First National Community Bancorp’s filings with the Federal Deposit Insurance Corporation.






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