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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): January 1, 2000
AMERICASBANK CORP.
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(Exact name of registrant as specified in its charter)
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Maryland 000-22925 52-1948980
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer Identification No.)
of incorporation)
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500 York Road
Baltimore, Maryland 21204
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 823-0500
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
Effective January 1, 2000, J. Clarence Jameson, III, resigned as chairman of
the board of directors of the Registrant and resigned as a member of the board
of directors of AmericasBank, the Registrant's wholly owned subsidiary. Mr.
Jameson also resigned as president of the Registrant and as vice president of
AmericasBank. Mr. Jameson remains a director of the Registrant.
Kenneth D. Pezzulla, the Secretary of the Registrant and AmericasBank and a
member of the board of directors of the Registrant and AmericasBank, will serve
as interim chairman of the board of both entities. Until a permanent successor
is appointed by the Registrant's board of directors, Richard J. Hunt, Jr., the
Senior Executive Vice President of the Registrant and the President of the Bank,
will serve as the senior executive officer of the Registrant.
After successfully guiding the Registrant and AmericasBank through its
formation, the establishment of their new headquarters in Towson, Maryland and
AmericasBank's conversion from a federal stock savings bank to a Maryland
commercial bank, Mr. Jameson determined that it was an appropriate time to
reduce the level of his banking responsibilities.
On December 18, 1999, the Registrant and AmericasBank issued a press release
regarding the resignation of Mr. Jameson. The text of the press release is set
forth in Exhibit 99.1 attached hereto and is incorporated in this report as if
fully set forth herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Press Release dated December 18, 1999.
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.
AMERICASBANK CORP.
Date: January 7, 2000 By: /s/ Kenneth D. Pezzulla
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Kenneth D. Pezzulla, Chairman of the Board
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
J. CLARENCE JAMESON III ANNOUNCES PLANNED RETIREMENT AS AMERICASBANK AND
AMERICASBANK CORP CHAIRMAN
Towson, Maryland - December 18, 1999
J. Clarence Jameson III, one of the founders and Chairman of AmericasBank
Corp/Americas Bank has announced his desire to retire as Chairman of the Board.
Mr. Jameson stated, "I have reached a point where I would like to reduce the
level of my banking responsibilities and activity, and I am satisfied with the
bank's achievements to date." Mr. Jameson will remain on the AmericasBank Corp
Board of Directors.
Mr. Jameson has held the position of Chairman since December 1997 when the Bank
was founded.
Kenneth D. Pezzulla, a Towson attorney, AmericasBank founder, and an experienced
director of other financial institutions, has agreed to act as interim Chairman
effective January 1, 2000. "Mr. Jameson successfully guided the formation of
the bank, the acquisition of its core portfolio, and the establishment of its
new headquarters at 500 York Road in Towson. We appreciate his extensive
efforts to create an excellent new community bank and look forward to continuing
to work together in taking our institution to its next level," said Mr.
Pezzulla.
Richard Hunt, Jr., President of AmericasBank stated, "Mr. Jameson has brought
AmericasBank through its successful conversion to a Maryland Chartered
Commercial Bank. We look forward to Mr. Jameson's continued advice and
experience as a Director of AmericasBank Corp."
AmericasBank is headquartered in Towson, Maryland and is dedicated to
contributing to the growth of the communities it serves with a special focus on
serving the needs of the business community.
