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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 12, 1996
HUBCO, INC.
(Exact name of registrant as specified in its 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 of principal executive offices)
(201) 236-2630
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On January 12, 1996, HUBCO, Inc. ("HUBCO") completed the
previously announced merger with Growth Financial Corp
("Growth"). The merger increases HUBCO's branch network to 60
locations in the northern New Jersey marketplace. Two new
branches are scheduled to open during the first quarter of 1996
along with the acquisition of three New Jersey branches from
CrossLand Federal Savings Bank.
Under the terms of the merger agreement, Growth shareholders
will receive .69 shares of HUBCO's common stock for each share of
Growth common stock.
Item 7. Exhibits.
99 Press Release dated January 12, 1996
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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 thereunto duly authorized.
HUBCO, INC.
Dated: January 15, 1996 By: D. LYNN VAN BORKULO-NUZZO
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D. Lynn Van Borkulo-Nuzzo
Executive Vice President
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INDEX TO EXHIBITS
99 Press Release dated January 12, 1996
EXHIBIT 99
FOR IMMEDIATE RELEASE
HUBCO COMPLETES GROWTH BANK MERGER
Mahwah, NJ, October 16, 1995 -- HUBCO, Inc. (NASDAQ: HUBC) today
announced that it has completed its merger with Growth Financial
Corp. Growth Bank is now part of Hudson United Bank. "This
acquisition expands HUBCO's presence in Morris County and marks
the entrance of Hudson United Bank into Somerset County," stated
HUBCO President and Chief Executive Officer, Kenneth T. Neilson.
The Growth merger increases HUBCO's branch network to 60
locations in the northern New Jersey marketplace. Two new
branches are scheduled to open during the first quarter of 1996
along with the acquisition of three New Jersey branches from
Crossland Federal Savings Bank. All branches of Growth are now
branches of Hudson United Bank.
"We believe that Growth's customers will benefit from this merger
not only through the convenience of a larger branch network but
also from the investments which HUBCO has made in technology and
new products which will be available to Growth customers,"
commented Mr. Neilson.
Under the terms of the Agreement, Growth shareholders will
receive .69 shares of HUBCO common stock in exchange for each
share of Growth common stock.
HUBCO, Inc., with assets of approximately $1.8 billion, is the
sixth largest bank holding company headquartered in New Jersey
and is the largest bank holding company headquartered in Bergen
County.
