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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): May 25, 2000
U.S.B. HOLDING CO., INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-5027 36-3197969
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 Dutch Hill Road, Orangeburg, New York 10962
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(Address of principal executive offices) (Zip Code)
(914) 365-4600
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(Registrant's telephone number, including area code)
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ITEM 5. Other Events
Union State Bank ("USB"), the bank subsidiary of U.S.B. Holding Co.,
Inc., and La Jolla Bank ("La Jolla") jointly announced that on May 25, 2000, a
definitive agreement was signed pursuant to which USB will acquire the Stamford,
Connecticut and Manhattan branches of La Jolla. The premium to be paid by USB to
La Jolla for the assumption of approximately $100 million of deposits is 6.8% of
such deposits as of the closing date, subject to certain restrictions.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits. The following exhibit is filed as part of this Current
Report on Form 8-K:
DESCRIPTION EXHIBIT NO.
Press Release of Union State Bank
issued May 26, 2000 99
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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.
U.S.B. HOLDING CO., INC.
By: /s/ STEVEN T. SABATINI
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Steven T. Sabatini
Senior Executive Vice President
and Chief Financial Officer
Date: June 2, 2000
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION SEQUENTIAL PAGE NO.
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99 Press Release of Union 5
State Bank issued May 26, 2000
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