FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): June 15,2000
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GREATER COMMUNITY BANCORP
(Exact name of registrant as specified in its charter)
NEW JERSEY 01-14294 22-2545165
(State of other (Commission (IRS Employer
jurisdiction of File No.) identification No.)
incorporation)
55 UNION BOULEVARD, TOTOWA, NJ 07512
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 973-942-1111
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
a. On June 15, 2000, George E. Irwin, President & CEO of Greater Community
Bancorp announced that Michael W. Mulligan has been named President and CEO of
the company's full service brokerage subsidiary Greater Community Financial,
L.L.C. which is also a Registered Investment Advisory firm.
Mr. Mulligan is a graduate of St. Peters College in Jersey City, NJ. He is
a Certified Financial Planner having completed the course requirements for
certification at the College for Financial Planning in Denver, CO. Mr. Mulligan
has been with Greater Community Financial, L.L.C. since 1997 and has over
twenty-nine years of experience in the securities industry. He was formerly a
First Vice President of both Smith Barney, Inc. and Ryan Beck & Co.
b. On June 21, 2000, John L. Soldoveri, Chairman of Greater Community
Bancorp, announced the increase in the annual dividend rate on the company's
common stock of $.02 per share. In addition, he announced that the Board of
Directors approved a quarterly cash dividend of $.075 per share to be paid on
July 31, 2000 to shareholders of record on July 14, 2000 after the payment of a
5% common stock dividend announced earlier. These actions taken together
represent a 12.5% increase in the annual cash return to shareholders.
c. On June 28, 2000, George E. Irwin, President of Greater Community
Bancorp, announced that Kevin Bohichik is joining the company as the company's
E-Commerce Manager overseeing the PC Banking department. The assignment includes
the management of the company's rapidly growing Internet Banking product,
"ibranch". Mr. Bohichik brings over ten years of experience to this position,
most recently as systems administrator for International Fidelity Insurance
Company in Newark, NJ.
d. On June 30, 2000, Greater Community Bancorp's Board of Directors has
authorized the company to purchase up to 600,000 shares of the company's
outstanding common stock over the next 24 months. Purchases may be made from
time to time in the open market or in privately negotiated transactions at
prices not exceeding prevailing market rates.
This is in addition to the shares purchased by the company since it adopted
a stock reacquisition program in 1996. Greater Community Bancorp currently has
approximately 6.0 million common shares outstanding. Reacquired shares are
expected to be used to fund the issuance of stock pursuant to the company's
Dividend Reinvestment and Stock Purchase Plan, exercises of stock options, stock
dividends and other corporate purposes.
<PAGE>
Item 7. Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is being filed with this Report and is
attached hereto:
99.1 Press Release issued June 15, 2000 relating to the announcement of the
appointment of Michael W. Mulligan as President & CEO of the brokerage
subsidiary of Greater Community Bancorp.
99.2 Press Release issued June 21, 2000 relating to the announcement of $.075
per share cash dividend on company's outstanding common stock.
99.3 Press Release issued June 28, 2000 relating to the announcement of the
appointment of Kevin Bohichik as E-Commerce Manager.
99.4 Press Release issued June 30, 2000 relating to the announcement of the
Board of Directors' approval to buy back 600,000 shares of Company's
outstanding common stock under its reacquisition program.
<PAGE>
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.
GREATER COMMUNITY BANCORP
-------------------------
(Registrant)
Date: April 20, 2000 /s/ George E. Irwin
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(Signature)
GEORGE E. IRWIN
PRESIDENT AND C.E.O.
<PAGE>
EXHIBIT 99.1
GREATER COMMUNITY BANCORP
55 Union Boulevard, P.O. Box 269, Totowa, NJ 07511-0269
(973) 942-1111 Fax (973) 942-9816
www.greatercommunity.com
FOR IMMEDIATE RELEASE
CONTACT: GEORGE E. IRWIN
PRESIDENT
(973) 942-1111 X 1018
SYMBOL: GFLS
Totowa, NJ, June 15, 2000 - George E. Irwin, President & CEO of Greater
Community Bancorp announced that Michael W. Mulligan has been named President
and CEO of the company's full service brokerage subsidiary Greater Community
Financial, L.L.C. which is also a Registered Investment Advisory firm.
Mr. Mulligan is a graduate of St. Peters College in Jersey City, NJ. He is
a Certified Financial Planner having completed the course requirements for
certification at the College for Financial Planning in Denver, CO. Mr. Mulligan
has been with Greater Community Financial, L.L.C. since 1997 and has over
twenty-nine years of experience in the securities industry. He was formerly a
First Vice President of both Smith Barney, Inc. and Ryan Beck & Co.
<PAGE>
Exhibit 99.2
GREATER COMMUNITY BANCORP
55 Union Boulevard, P.O. Box 269, Totowa, NJ 07511-0269
(973) 942-1111 Fax (973) 942-9816
www.greatercommunity.com
FOR IMMEDIATE RELEASE
CONTACT: GEORGE E. IRWIN
PRESIDENT
(973) 942-1111 X 1018
SYMBOL: GFLS
Totowa, NJ, June 21, 2000 - John L. Soldoveri, Chairman of Greater
Community Bancorp, announced today an increase in the annual dividend rate on
the company's common stock of $.02 per share. A quarterly cash dividend of $.075
per share will be paid on July 31, 2000 to shareholders of record on July 14,
2000 after the payment of a 5% common stock dividend. These actions taken
together represent a 12.5% increase in the annual cash return to shareholders.
<PAGE>
Exhibit 99.3
GREATER COMMUNITY BANCORP
55 Union Boulevard, P.O. Box 269, Totowa, NJ 07511-0269
(973) 942-1111 Fax (973) 942-9816
www.greatercommunity.com
FOR IMMEDIATE RELEASE
CONTACT: GEORGE E. IRWIN
PRESIDENT
(973) 942-1111 X 1018
SYMBOL: GFLS
E-Commerce Manager Joins Greater Community Bancorp (GFLS)
Totowa, NJ, June 28, 2000 - George E. Irwin, President of Greater Community
Bancorp, announced today that Kevin Bohichik is joining the company as the
company's E-Commerce Manager overseeing the PC Banking department. The
assignment includes the management of the company's rapidly growing Internet
Banking product, "ibranch". Mr. Bohichik brings over ten years of experience to
this position, most recently as systems administrator for International Fidelity
Insurance Company in Newark, NJ.
<PAGE>
Exhibit 99.4
GREATER COMMUNITY BANCORP
55 Union Boulevard, P.O. Box 269, Totowa, NJ 07511-0269
(973) 942-1111 Fax (973) 942-9816
www.greatercommunity.com
FOR IMMEDIATE RELEASE
CONTACT: GEORGE E. IRWIN
PRESIDENT
(973) 942-1111 X 1018
SYMBOL: GFLS
Greater Community's Board of Directors authorizes the repurchase
of up to 600,000 shares over 24 months
Totowa, NJ, June 30, 2000 - Greater Community Bancorp (NASDAQ: GFLS)
announced that its Board of Directors has authorized the company to purchase up
to 600,000 shares of the company's outstanding common stock over the next 24
months. Purchases may be made from time to time in the open market or in
privately negotiated transactions at prices not exceeding prevailing market
rates.
This is in addition to the shares purchased by the company since it adopted
a stock reacquisition program in 1996. Greater Community Bancorp currently has
approximately 6.0 million common shares outstanding. Reacquired shares are
expected to be used to fund the issuance of stock pursuant to the company's
Dividend Reinvestment and Stock Purchase Plan, exercises of stock options, stock
dividends and other corporate purposes.
