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): OCTOBER 08, 1999
ANNAPOLIS NATIONAL BANCORP, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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MARYLAND 000-22961 521648903
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(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NO.) (I.R.S. EMPLOYER IDENTIFICATION NO.)
INCORPORATION)
180 ADMIRAL COCHRANE DRIVE SUITE 300, 21401
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ANNAPOLIS, MARYLAND (ZIP CODE)
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
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REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (410) 224-4455
NOT APPLICABLE
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
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On October 4, 1999, the Registrant announced the appointment,
effective immediately, of Mark H. Anders as President and Chief Executive
Officer of the Registrant's wholly owned subsidiary, Annapolis National Bank.
Mr. Anders succeeds Annapolis National Bank Chairman of the Board Richard M.
Lerner who served on an interim basis as President and Chief Executive Officer
of the Bank for the past five months. A press release regarding the announcement
is attached as Exhibit 99.
ITEM 7. FINAL STATEMENTS, PRO FORMA FINAL INFORMATION AND EXHIBITS.
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(c) Exhibits
Exhibit 99. Press Release
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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.
ANNAPOLIS NATIONAL BANCORP, INC.
Date: October 7, 1999
By: /s/ Richard M. Lerner
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Richard M. Lerner,
Chief Executive Officer
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EXHIBIT 99.
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ANNAPOLIS NATIONAL BANK NAMES MARK H. ANDERS
PRESIDENT AND CHIEF EXECUTIVE OFFICER
***FOR IMMEDIATE RELEASE***
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Annapolis, MD, October 4, 1999 - Annapolis National Bancorp, Inc. (NASDAQ: ANNB)
today announced the appointment, effective immediately, of Mark H. Anders as
President and Chief Executive Officer of its wholly owned subsidiary, Annapolis
National Bank.
A 22 year veteran of the local banking industry, Mr. Anders most recently served
as President and Chief Executive Officer of Sterling Bank & Trust Company and
Sterling Bancorp. Based in Baltimore, Sterling was acquired by the Bank of
Maryland in January of this year.
Mr. Anders succeeds Chairman of the Board Richard M. Lerner who served on an
interim basis as President and Chief Executive Officer of Annapolis National
Bank for the past five months. "After an exhaustive search in which many
candidates were considered, the Board of Directors is convinced that it has
found the best person for the job," Mr. Lerner said. "Mark is a progressive, yet
conservative banker who has lived and worked in Annapolis and understands what
it takes to succeed as a community bank in today's competitive and ever-changing
world of financial services."
Mr. Anders, 45, began his career in 1977 with American Security Bank, N.A. in
Washington, D.C. He rose to the level of vice president in the corporate banking
division before joining Maryland National Bank in 1985. From 1986 through 1989,
Mr. Anders worked out of Maryland National's Church Circle office in Annapolis.
In 1991, Mr. Anders was recruited by Towson-based Bank of Maryland to become
senior vice president and senior credit officer. In 1993, he assumed
responsibility for all lending, credit, and branch functions. Mr. Anders moved
his family to Baltimore in 1995 after residing in Annapolis for the previous ten
years.
"Annapolis National is a quality institution with a good franchise in a dynamic
market," Mr. Anders offered in explanation of his decision to accept his newest
position. "Our success will be measured by our commitment to serve the needs of
the community and the dedication of each employee to that end."
Mr. Anders graduated from Towson University in 1976 and currently serves on the
University's Foundation Board. He is married and has two children, ages 18 and
14. His appointment is subject to the final approval of the Office of the
Comptroller of the Currency, which is expected within the next ninety days.
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Company Contact:
Richard M. Lerner, Chairman of the Board
Annapolis National Bank@(410)224-4455
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