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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) February 29, 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 February 29, 1996 HUBCO consummated its acquisition
of three branches from CrossLand Federal Savings Bank. The
branches are located in Cliffside Park, Fords and Rahway, New
Jersey.
The three acquired branches had approximately $61
million of deposits and HUBCO paid $3.1 million as a premium.
All of the deposits acquired were insured by the Bank Insurance
Fund of the FDIC. HUBCO has filed an application to consolidate
the acquired Cliffside Park office with one of HUBCO's existing
offices in Cliffside Park, New Jersey.
A copy of the press release announcing the acquisition
is attached.
Item 7. Exhibits.
99 Press Release dated March 1, 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: March 7, 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 March 1, 1996.
EXHIBIT 99
FOR IMMEDIATE RELEASE
March 1, 1996
HUBCO PRESS RELEASE
HUBCO COMPLETES CROSSLAND BRANCH ACQUISITIONS
Mahwah, NJ, March 1, 1996 -- HUBCO, Inc. (NASDAQ:HUBC)
announced it has completed its acquisition of three New Jersey
branches of CrossLand Federal Savings Bank. The branches are
located in Cliffside Park, Fords and Rahway, New Jersey. "This
acquisition expands HUBCO's presence in Middlesex County and
marks the entrance of Hudson United Bank into Union County,"
stated HUBCO President and Chief Executive Officer, Kenneth T.
Neilson.
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.
