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
JANUARY 16, 1996
(Date of earliest event reported)
NEW ENGLAND COMMUNITY BANCORP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-14550 06-1116165
(Commission File Number) (IRS Employer Identification No.)
POST OFFICE BOX 130, OLD WINDSOR MALL, WINDSOR, CONNECTICUT 06095
(Address of principal executive offices)
(860) 683-4612
(Registrant's telephone number, including area code)
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Form 8-K, Current Report
New England Community Bancorp, Inc.
Commission File No. 0-14550
Item 5. Other Events.
a.) RETIREMENT OF SECRETARY AND DIRECTOR
The Board of Directors of New England Community Bancorp, Inc.
("NECB") accepted the retirement of John A. Coccomo, Sr. effective January 16,
1997, as a Director of NECB. Mr. Coccomo also retired as a director of NECB's
wholly-owned subsidiary, New England Bank & Trust Company ("NEBT") and as
Secretary of NEBT and NECB, respectively. Attached as Exhibit 17 is a facsimile
copy of the letter of retirement from Mr. Coccomo to David A. Lentini, President
and CEO of NECB.
b.) APPOINTMENT OF SECRETARY
The Board of Directors appointed Angelina J. McGillvray as
Secretary of NECB. Ms. McGillivray currently serves as Director of NECB and
NEBT.
c.) PRESS RELEASE
Attached as Exhibit 99 hereto is the text of a press release
issued on January 21, 1997 by NECB regarding the retirement of Mr. Coccomo and
the appointment of Ms. McGillvray to serve as Secretary of NECB.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
c.) Exhibits
17. Letter of Retirement
99. Press Release
Date: January 22, 1997 NEW ENGLAND COMMUNITY BANCORP, INC.
-----------------------------------
By: /s/ Anson C. Hall
--------------------------
Anson C. Hall
Vice President and Treasurer
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Exhibit 17 Facsimile of Letter of Retirement
North American Financial Services [Letterhead]
January 15, 1997
New England Community Bancorp, Inc.
Attn: David A. Lentini, President/CEO
176 Broad Street
Windsor, CT 06095
Dear Dave,
It is with sincere regret that I must inform you of my decision to
retire from my position as Secretary and Director on the boards of New England
Bank & Trust Company and New England Community Bancorp, Inc. effective
immediately.
I wish I could be 20 years younger, so I could witness the
continued success of the bank in my future. I am very please and proud of the
present upper management team. They have accomplished a great deal in the past
three years. I have no doubt that they will achieve whatever they endeavor.
I have enjoyed my tenure with the bank, but most especially these
past three years. Unfortunately, because of my illness, which is progressive, I
feel that it is time for me to retire from my business and the bank.
I would like to thank the Board of Directors for the many good
years of camaraderie and for all the things that you have done for me.
I wish you all good health, happiness, and much luck in all your
future endeavors.
Very truly yours,
s/s John A. Coccomo, Sr.
- -------------------------
John A. Coccomo, Sr.
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NEW ENGLAND COMMUNITY BANCORP, INC.
P.O. Box 130
Windsor, CT 06095
FOR IMMEDIATE RELEASE
CONTACT: David A. Lentini Page 1 of 1
President and Chief Executive Officer
860.683.4601
BOARD MEMBER RETIREMENT.
WINDSOR, CT, January 21, 1997 - New England Community Bancorp, Inc. ("NECB")
announced today that John A. Coccomo, Sr. has retired from the NECB Board of
Directors and its subsidiary New England Bank. In a letter addressed to
President and CEO David A. Lentini, Mr. Coccomo cited health reasons as the
basis for his decision. Mr. Coccomo went on to express his satisfaction with
both the recent performance as well as the future promise of the Company.
Mr. Coccomo began his service to NECB in 1971 when, as an original incorporator,
he helped organize the Windsor Bank and Trust Company. He was instrumental in
the formation of the Bank's parent company in 1985 (then known as Olde Windsor
Bancorp). Shortly thereafter, he helped the Company acquire Enfield-based New
England Bank. Throughout his 25 years of service, Mr. Coccomo has served as
Secretary of NECB.
President and CEO Lentini, speaking on behalf of the Board of Directors,
expressed regret at Mr. Coccomo's retirement and commented that "Mr. Coccomo
leaves NECB at a time when the Company is recording record profits and well
positioned for the future. It is the leadership of the Board of Directors, and
of Mr. Coccomo in particular, that has enabled NECB to achieve these results."
Following the acceptance of the retirement, the Directors voted to honor Mr.
Coccomo with the title of Director Emeritus of NECB.
In a related matter the directors voted to appoint Director Angelina J.
McGillivray as Corporate Secretary of NECB.
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