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): August 29, 1996
HOMETOWN BANCORPORATION, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-16272 06-1199559
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification Number)
20 West Avenue, Darien, Connecticut 06820
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (203) 656-2265
N/A
(Former name or former address, if changed since last report)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
On August 21, 1996, Hometown Bancorporation, Inc., a Delaware
corporation ("HOMETOWN"), parent company of The Bank of Darien, a
Connecticut state bank and trust company, announced that the proposed
transasction pursuant to which Hometown would be acquired by HUBCO,
Inc., a New Jersey corporation ("HUBCO"), had been approved by the
stockholders of Hometown at a Special Meeting of Stockholders held
August 20, 1996.
On August 28, 1996, regulatory approval of the State of Connecticut
Department of Banking was received for the proposed transactions
pursuant to which a wholly-owned subsidiary of HUBCO would be merged
into Hometown and The Bank of Darien would be merged into Lafayette
American Bank and Trust Company, a wholly owned subsidiary of HUBCO
("LAFAYETTE"). Upon consummation of the transactions, which is expected
to occur on or about August 30, 1996, Hometown would become a wholly
owned subsidiary of HUBCO and Lafayette would continue as a wholly owned
subsidiary of HUBCO.
Upon consummation of the mergers, each outstanding share of Common
Stock, par value $1.00, of Hometown would be converted into the right to
receive $17.75 in cash and each option to acquire Common Stock of
Hometown outstanding under Hometown's 1987 Stock Option Plan (the
"OPTION PLAN") would be converted into the right to receive cash
determined by multiplying the difference between $17.75 and the option
exercise price by the number of shares of Common Stock covered by such
option.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
HOMETOWN BANCORPORATION, INC.
Date: August 29, 1996 By: /s/ KEVIN E. GAGE
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Kevin E. Gage
President and Chief Executive Officer
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