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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 5, 1998
HUBCO, INC.
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(Exact name of registrant as specified in its charter)
New Jersey
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(State or other jurisdiction of incorporation)
1-10699 22-2405746
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(Commission File Number) (IRS Employer Identification No.)
1000 MacArthur Boulevard
Mahwah, New Jersey 07430
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(Address of principal executive offices)
(201) 236-2600
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(Registrant's telephone number, including area code)
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Item 5. Other Events
On February 5, 1998, HUBCO, INC. ("HUBCO") issued a press release
announcing that it had completed its acquisition of Security National Bank &
Trust Company of New Jersey ("Security National Bank") and the merger of
Security National Bank into its New Jersey wholly-owned banking subsidiary
Hudson United Bank. This merger along with HUBCO's other pending acquisitions of
Poughkeepsie Financial Corp. and MSB Bancorp, Inc. will establish HUBCO as a
significant presence in the Tri-State region. Subsequent to closing all pending
acquisitions, HUBCO will have total assets in excess of $4.5 billion and will
operate a network of 123 branch banking locations. The press release is attached
as an Exhibit to this Form 8-K.
Item 7. Exhibits
99(a) Press Release dated February 5, 1998
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: February 13, 1998 By:KENNETH T. NEILSON
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Kenneth T. Neilson,
Chairman, President and
Chief Executive Officer
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INDEX TO EXHIBIT
Exhibit No. Description
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99(a) Press Release dated February 5, 1998
HUBCO, INC.
1000 MacArthur Blvd.
Mahwah, NJ 07430
(NASDAQ: HUBC)
AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD, INC.
Kenneth T. Neilson, Chairman Kerry Thalheim/Regina Lenihan
Pres. & CEO - (201) 236-2631 675 Third Avenue
Joseph F. Hurley, Executive New York, NY 10017
Vice President and CEO (212) 661-8030
(201) 236-6141
FOR IMMEDIATE RELEASE
February 5, 1998
FOR IMMEDIATE RELEASE
February 5, 1998
HUBCO, INC. COMPLETES SECURITY NATIONAL BANK MERGER
Mahwah, New Jersey, February 5, 1998--HUBCO, Inc. (NASDAQ:HUBC) today closed
its acquisition of Security National Bank & Trust Company of New Jersey and
the merger of Security National Bank into Hudson United Bank. With assets of
$1.7 billion and 60 branches in Bergen, Essex, Hudson, Middlesex, Morris,
Passaic, Somerset, and Union counties, Hudson United Bank is committed to its
community banking structure while providing the technology and convenience of
a much larger bank.
For HUBCO, Inc. this merger, along with the pending acquisitions of
Poughkeepsie Financial Corp., and MSB Bancorp, Inc. will establish HUBCO as a
significant presence in the Tri-State region. Subsequent to closing all
pending acquisitions, HUBCO will have total assets in excess of $4.5 billion
and operate a network of 123 branch banking locations.
HUBCO's bank subsidiaries offer a full array of innovative products and
services to retail and commercial markets including imaged checking accounts,
24-hour telephone banking, loans by phone, alternative investments, insurance
products, private label credit programs, trust services, and a wide variety
of commercial loans and services including international services, cash
management services, asset based loans and SBA loans.
