Form 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 14, 1997
TRANS PACIFIC BANCORP
(Exact name of registrant as specified in its charter)
California 2-86902 94-2917713
(State or other Jurisdiction (Commission (IRS Employer
of incorporation) file number) ID Number)
46 Second Street, San Francisco, California 94105-3440
Address of principal executive offices
Registrant's telephone number: (415) 543-3377
Not applicable
(Former name or former address, if changed from last report)
Item 5. Other Events
On March 14, 1997, Trans Pacific Bancorp ("Bancorp") and TRP Acquisition Corp.
("TRP") announced completion of their merger, with Bancorp the surviving
corporation wholly owned by the three shareholders of TRP.
Bancorp intends to promptly file a Form 15 with the Securities and Exchange
Commission to terminate its filing obligation under the Securities Exchange
Act of 1934.
A copy of the press release entitled "Trans Pacific Bancorp Merger Completed"
is attached hereto and is incorporated herein by reference.
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 hereunto duly authorized.
Trans Pacific Bancorp
Date March 21, 1997 By
Eddy S.F. Chan
President and Chief Executive
Officer
Press Release
Contact: Denis J. Daly
President and Chief Executive Officer
(415) 543-3377
For Immediate Release
TRANS PACIFIC BANCORP MERGER COMPLETED
San Francisco, CA March 14, 1997. Trans Pacific Bancorp (NASDAQ Bulletin
Board:TPAE) and TRP Acquisition Corp. announced today that their merger has
been completed with Bancorp remaining as the surviving corporation wholly
owned by the shareholders of TRP Acquisition Corp.
Under the terms of the merger, each share of Trans Pacific Bancorp common
stock outstanding prior to the merger has been converted into the right to
receive, upon surrender of the shares, a payment of $8.19 per share. A
remaining $0.42 per share will be held in escrow pending resolution of certain
contingencies. Shareholders will be receiving conversion instructions via
mail.
Denis Daly, Sr., President and Chief Executive Officer of Bancorp, stated, "We
are pleased with our acquisition of Trans Pacific Bancorp, a fine organization
with talented people. The two senior officers of Trans Pacific National Bank,
Eddy S. F. Chan and John K. Wong, will continue to run the daily operations
and to provide the same quality services as before."
Trans Pacific Bancorp's wholly owned subsidiary, Trans Pacific National Bank
began operations in 1984 and has been engaged in providing banking services
and international trade transactions for clients in the San Francisco Bay
area. The Bank currently operates in San Francisco and Alameda. It has
extensive international trade relationships in the Trans Pacific area and
throughout the world. As of December 31, 1996, Trans Pacific Bancorp had
total assets of $77 million, total deposits of $68 million, and total equity
of $7.1 million.
END
