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): May 5, 1994
SHAWMUT NATIONAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 1-10102 06-1212629
(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) No.)
777 Main Street, Hartford, Connecticut 06115
One Federal Street, Boston, Massachusetts 02211
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (203) 986-2000
(617) 292-2000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On May 5, 1994, the Federal Reserve Bank of Boston
waived jurisdiction over the acquisition by Shawmut
National Corporation ("Shawmut") of all of the outstanding
voting shares of Peoples Bancorp of Worcester, Inc. Following the
receipt of such waiver, Shawmut scheduled the acquisition to close
on May 23, 1994.
A copy of Shawmut's press release announcing the waiver
by the Federal Reserve System is attached hereto as Exhibit 99 and
is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
The following exhibit is filed with this Current Report
on Form 8-K:
EXHIBIT
NUMBER DESCRIPTION
99 Press Release of Shawmut National Corporation,
dated May 9, 1994.
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.
SHAWMUT NATIONAL CORPORATION
By: /s/ Joel B. Alvord
Joel B. Alvord
Chairman and Chief
Executive Officer
Dated: May 12, 1994
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
99 Press Release of Shawmut National Corporation,
dated May 9, 1994.
[Shawmut
National
Corporation Logo]
News media contact: Investor contact:
Robert L. Guenther Thomas R. Rice
(203) 240-1267 (203) 728-4872
FOR IMMEDIATE RELEASE
SHAWMUT NATIONAL SCHEDULED TO COMPLETE ACQUISITION
OF PEOPLES BANCORP OF WORCESTER ON MAY 23
BOSTON, Mass. and HARTFORD, Conn., May 9, 1994 - Shawmut
National Corporation (NYSE: SNC) today said that it has
scheduled its acquisition of Peoples Bancorp of Worcester
Inc. (NASDAQ: PEBW) to close on May 23, following
notification that the Federal Reserve had waived
jurisdiction over the matter,
In connection with the acquisition, each outstanding
share of common stock of Peoples will be exchanged for
2.444 shares of Shawmut National common stock. Peoples
had 3,376,636 common shares outstanding, as of May 6.
The receipt of a waiver of jurisdiction from the Federal
Reserve made the Office of the Comptroller of the
Currency the primary regulator for the transaction. The
OCC previously approved Shawmut's application on March
30. Peoples shareholders approved the transaction on May
4.
Peoples Bancorp has assets of $870 million and 23
branches of Peoples Savings Bank in central
Massachusetts.
With assets of $27 billion, Shawmut National serves
consumers, businesses, institutions, and government in
Massachusetts, Connecticut, and Rhode Island through a
network of about 270 branches and 450 ATM's.
Headquarters: Hartford, Connecticut and Boston,
Massachusetts
