-----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, HRAhEKMlNkMC1SD2Bb0qdO5CbEHMgx6vRIXKv9Ei5owkYpLJhPzBS77io+zkrrVh P3JlnSQA53CJT/u70dcd9A== 0000893220-00-000443.txt : 20000410 0000893220-00-000443.hdr.sgml : 20000410 ACCESSION NUMBER: 0000893220-00-000443 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000330 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000407 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QNB CORP CENTRAL INDEX KEY: 0000750558 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 232318082 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-17706 FILM NUMBER: 595760 BUSINESS ADDRESS: STREET 1: 10 NORTH THIRD STREET CITY: QUAKERTOWN STATE: PA ZIP: 18951-9005 BUSINESS PHONE: 2155385600 8-K 1 FORM 8-K QNB CORP. 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 - March 30, 2000 QNB CORP. (Exact name of registrant as specified in its charter) PENNSYLVANIA 0-17706 23-2318082 ---------------------- ---------------------- ---------------------- State or other jurisdiction (Commission File (IRS Employer of incorporation) Number) Identification Number)
10 NORTH THIRD STREET P.O. BOX 9005 QUAKERTOWN, PENNSYLVANIA 18951-9005 ------------------------------------ ------------------------------------ (Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code:(215) 538-5600 N/A (Former name or former address, if changed since last report) Page 1 of 6 Sequentially Numbered Pages Index to Exhibits Found on Page 4 2 ITEM 1. CHANGES IN CONTROL OF REGISTRANT. Not Applicable. ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. Not Applicable. ITEM 3. BANKRUPTCY OR RECEIVERSHIP. Not Applicable. ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. Not Applicable. ITEM 5. OTHER EVENTS. On March 30, 2000, the Registrant's Board of Directors approved a plan to repurchase up to 4.99% of the Registrant's shares of outstanding common stock in open market or privately negotiated transactions; and, on March 31, 2000, the Registrant issued a press release announcing the plan, which press release is attached as Exhibit 99 hereto and incorporated herein by reference. ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS. Not Applicable. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Not Applicable. (b) Not Applicable. (c) Exhibits: 99 Press Release, of Registrant, dated March 31, 2000, re: Repurchase Program. ITEM 8. CHANGE IN FISCAL YEAR. Not Applicable. 3 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. QNB CORP. (Registrant) Dated: April 6, 2000 /s/ Thomas J. Bisko ------------------------------------------ Thomas J. Bisko, President and Chief Executive Officer 4 EXHIBIT INDEX
Page Number Exhibit in Manually Original Signed 99 Press Release, dated March 31, 2000 of Registrant 6 re: Repurchase Program.
EX-99 2 PRESS RELEASE, DATED MARCH 31, 2000 1 EXHIBIT 99 PRESS RELEASE 2 [QNB LOGO] P.O. Box 9005 Quakertown, PA 18951-9005 TEL 215-538-5600 FAX 215-538-5765 www.QNB.com FOR IMMEDIATE RELEASE QNB CORP. COMMON STOCK REPURCHASE PROGRAM INITIATED QUAKERTOWN, PA (31 March 2000) The Board of Directors of QNB Corp. is pleased to announce the approval of a plan to purchase, in the open market and privately negotiated transactions, up to 4.99% of its shares of outstanding stock. In announcing the repurchase plan, Thomas J. Bisko, President and CEO stated that the Board of Directors believes the opportunity to purchase QNB Corp.'s common stock represents an attractive opportunity for QNB and its shareholders in that it may increase the return on equity and net income per share of the outstanding shares of common stock held by the shareholders. The purchases are expected to be funded by using available excess capital. QNB Corp. is the parent company of The Quakertown National Bank. QNB has assets of approximately $355 million and six office locations serving Upper Bucks, Southern Lehigh and Northern Montgomery Counties. # # # Contact: Thomas J. Bisko 215-538-5612 -----END PRIVACY-ENHANCED MESSAGE-----