GB&T BANCSHARES INC
8-K/A, 2000-05-12
STATE COMMERCIAL BANKS
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                       Securities and Exchange Commission

                              Washington, DC 20549

                                   ----------

                                   FORM 8-K/A

                                   ----------

                                 Current Report

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): March 1, 2000

                                   ----------

                              GB&T Bancshares, Inc.
                              ---------------------
               (Exact name of Registrant as Specified in Charter)


            Georgia                       000-24203             58-2400756
            -------                       ---------             ----------
(State or other Jurisdiction of       (Commission File         (IRS Employer
Incorporation or Organization)             Number)          Identification No.)



       500 Jesse Jewell Parkway, S.E.
           Gainesville, Georgia                          30501
       -------------------------------                   -----
      (Address of Principal Executive Offices)          (Zip Code)


       Registrant's telephone number, including area code: (770) 532-1212


                                 Not Applicable
          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)




<PAGE>

ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS

         On March 1, 2000, GB&T  Bancshares,  Inc., a Georgia  corporation  (the
"Company"),  consummated the previously announced  acquisition of UB&T Financial
Services Corporation, a Georgia corporation ("UB&T"),  pursuant to the Agreement
and Plan of Reorganization  dated October 14, 1999 (the "Agreement") between the
Company and UB&T. The consideration consisted of 646,803 shares of the Company's
common  stock,  par value  $5.00 per share,  in return for all of the issued and
outstanding   capital  stock  of  UB&T.  The  consideration  was  determined  by
negotiation among the parties. The transaction was accounted for as a pooling of
interests.  Pursuant to the Agreement,  UB&T's  subsidiary,  United Bank & Trust
Company, is now a wholly-owned subsidiary of the Company.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

         (a) The financial statements required to be reported as a result of the
transaction  described in Item 2 are incorporation by reference to the financial
statements  contained in the Company's  Proxy  Statement/Prospectus  on Form S-4
filed on December 20, 1999, as amended.

         (b) The pro forma  financial  information  required to be reported as a
result of the transaction  described in Item 2 is  incorporation by reference to
the financial  statements  contained in the Company's  quarterly  report on Form
10-Q filed on May 12, 2000.

         (c) Exhibits

         2.1(a)  Agreement  and Plan of  Reorganization  dated October 14, 1999,
between  GB&T  Bancshares,   Inc.  and  UB&T  Financial   Services   Corporation
(incorporated   by   references   to  Exhibit   2.1  to  the   Company's   Proxy
Statement/Prospectus on Form S-4 filed on December 20, 1999, as amended).


         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the  Registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                                   GB&T BANCSHARES, INC.



                                                   By: /s/ Gregory L. Hamby
                                                        Gregory L. Hamby
                                                        Chief Financial Officer
Dated:  May 12, 2000



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