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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 8, 1998
HUBCO, INC.
(Exact name of registrant as specified in its charter)
New Jersey
(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
(Address of principal executive offices)
(201) 236-2600
(Registrant's telephone number, including area code)
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Item 5. Other Events
On January 8, 1998, HUBCO, INC. ("HUBCO") issued a press release announcing
that it had completed its acquisition of The Bank of Southington and the merger
of Southington into Lafayette American Bank, HUBCO's Connecticut banking
subsidiary. This acquisition represents Lafayette American Bank's first entry
into Hartford County. This merger along with HUBCO's other pending acquisitions
of Poughkeepsie Financial Corp., MSB Bancorp, Inc. and Security National Bank,
will establish HUBCO as a significant presence in the Tri-State region.
Subsequent to closing all pending acquisitions, HUBCO's total assets will be 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 January 8, 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: January 14, 1998 By: D. LYNN VAN BORKULO-NUZZO
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D. Lynn Van Borkulo-Nuzzo,
Executive Vice President
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INDEX TO EXHIBIT
Exhibit No. Description
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99(a) Press Release dated January 8, 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
D. Lynn Van Borkulo-Nuzzo New York, NY 10017
Executive Vice President (212) 661-8030
(201) 236-2641
FOR IMMEDIATE RELEASE
January 8, 1998
HUBCO, INC. COMPLETES THE BANK OF SOUTHINGTON MERGER
Mahwah, NJ, January 8, 1998 - HUBCO, Inc. (NASDAQ;HUBC) today closed its
acquisition of The Bank of Southington ("Southington") and the merger of
Southington into Lafayette American Bank, HUBCO's Connecticut banking
subsidiary. This acquisition represents Lafayette American Bank's first entry
into Hartford County. With assets of $1.4 billion and 30 branches in Fairfield,
New Haven, Middlesex and Hartford counties, Lafayette American Bank is committed
to its community bank structure while providing the technology and conveniences
of a much larger bank.
For HUBCO, Inc. this merger, along with the pending acquisitions of Poughkeepsie
Financial Corp., MSB Bancorp, Inc. and Security National Bank, will establish
HUBCO as a significant presence in the Tri-State region. Subsequent to closing
all pending acquisitions, HUBCO's total assets will be in excess of $4.5 billion
and will operate a network of 123 branch banking locations.
HUBCO offers a full array of innovative products and services to the retail and
commercial markets, including imaged checking accounts, 24 hour telephone
banking, loans by phone, alternative investments, insurance products, trust
services and a wide variety of commercial loans and services including
international services, cash management services, asset based loans and S.B.A.
loans.
