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) June 30, 1995
HUBCO, INC.
(Exact Name of Registrant as Specified in Charter)
New Jersey
(State or Other Jurisdiction of Incorporation)
1-10699 22-2405746
(Commission File Number) (IRS Employer Identification No.)
1000 MacArthur Boulevard, Mahwah, New Jersey 07430
(Address or principal executive offices)
(201) 236-2640
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On June 30, 1995, HUBCO, Inc. ("HUBCO") completed the previously announced
merger of Urban National Bank ("Urban") into its wholly owned subsidiary, Hudson
United Bank. The merger increased HUBCO's branch network to 58 locations in
northern New Jersey. According to the terms of the merger agreement,
shareholders of Urban will receive 2.17 shares of HUBCO's common stock for each
share of Urban.
Item 7. Exhibits.
99.1 Press Release dated June 30, 1995
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1937, HUBCO,
Inc. has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
HUBCO, INC.
Dated: June 30, 1995 By: /s/ KENNETH T. NEILSON
----------------------
Kenneth T. Neilson
President and Chief
Executive Officer
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INDEX TO EXHIBITS
99.1 Press Release, dated June 30, 1995
EXHIBIT 99.1
HUBCO, INC.
1000 MacArthur Blvd.
Mahwah, NJ 07430
(NASDAQ: HUBC)
AT THE COMPANY AT THE FINANCIAL RELATIONS BOARD
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Kenneth T. Neilson, CEO & Pres. Kerry Thalheim
(201) 236-2631 675 Third Avenue
D. Lynn Van Borkulo-Nuzzo, New York, NY 10017
Corporate Sec. & Executive V.P. (212) 661-8030
(201) 236-2641
FOR IMMEDIATE RELEASE
- ---------------------
HUBCO COMPLETES URBAN NATIONAL BANK MERGER
Mahwah, NJ, June 30, 1995--HUBCO, Inc. (NASDAQ: HUBC) today announced it has
completed the merger of Urban National Bank into its wholly owned subsidiary,
Hudson United Bank. "This acquisition expands HUBCO's presence in Northern New
Jersey, complementing our branch system in both Bergen and Passaic counties,"
stated HUBCO President and Chief Executive Officer, Kenneth T. Neilson.
The Urban merger increases HUBCO's branch network to 58 locations in the
northern New Jersey marketplace. All nine branches of Urban National are now
branches of Hudson United Bank.
"We believe that Urban's customers will clearly benefit from this merger. As
Hudson United Bank customers, they will gain access to an expanded line of
innovative products and services including Trust services, Investment services,
Imaged checking accounts, Telephone Banking and Phone-A-Loan services," stated
Robert F. Mangano, Executive Vice President for Hudson United Bank and former
President of Urban National Bank.
-more-
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Mr. Mangano now serves as Executive Vice President of Hudson United Bank
responsible for the Retail Banking division. Messrs. W. Peter McBride and Bryant
D. Malcolm have joined the Boards of HUBCO and Hudson United Bank and Mr. Joseph
Pfeifer joined the Board of Hudson United Bank.
Under the terms of the Agreement, Urban shareholders will receive 2.170 shares
of HUBCO common stock in exchange for each share of Urban. The transaction is
being accounted for under a pooling of interests.
HUBCO, Inc., with assets of $1.6 billion, is the eighth largest commercial
banking company headquartered in New Jersey and is the largest bank holding
company headquartered in Bergen County.
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