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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 22, 1997
UNITED NATIONAL BANCORP
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(Exact name of registrant as specified in its charter)
New Jersey
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(State or other jurisdiction of incorporation)
000-16931 22-2894827
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(Commission File Number) (IRS Employer Identification No.)
1130 Route 22 East, Bridgewater, New Jersey 08807-0010
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(Address of principal executive offices)
(908) 429-2200
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
On May 22, 1997, United National Bancorp ("United") announced that its
Board of Directors had declared a 2 for 1 stock split of its common stock. The
stock split will be payable July 1, 1997 to stockholders of record on June 13,
1997.
As a result of the stock split, the par value of the stock will be reduced
from $2.50 to $1.25 per share. The approximate number of shares outstanding will
increase from 4,500,000 to 9,000,000 after the new shares are issued.
A copy of the text of United's press release reporting its 2 for 1 stock
split is being filed as an exhibit to this Current Report.
United is a registered bank holding company whose principal subsidiary,
United National Bank, operates 20 branches in New Jersey throughout Hunterdon,
Middlesex, Somerset, Union and Warren counties.
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Item 7. Exhibits.
99(a) Press Release dated May 22, 1997
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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 thereunto duly authorized.
UNITED NATIONAL BANCORP
Dated: May 30, 1997 By: /s/ Thomas C. Gregor
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Thomas C. Gregor
Chairman, President and
Chief Executive Officer
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INDEX TO EXHIBITS
Exhibit No. Description
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99(a) Press Release dated May 22, 1997
UNITED NATIONAL DECLARES 2 FOR 1 STOCK SPLIT
Bridgewater, NJ--May 22, 1997--United National Bancorp (NASDAQ: UNBJ), parent
company of United National Bank, announced today that its Board of Directors has
declared a 2 for 1 stock split of its common stock. The record date for the
stock split will be June 13, 1997 and the payment date will be July 1, 1997.
"We believe this stock split is an excellent way to improve trading liquidity
for our stockholders," stated Thomas C. Gregor, chairman and chief executive
officer of United National. "The split enhances the availability of our stock,
and the resulting lower price makes it more affordable for the smaller
investor."
As a result of the stock split, the par value of the stock will be reduced from
$2.50 per share to $1.25 per share. The approximate number of shares outstanding
will increase from 4,500,000 to 9,000,000 after the new shares are issued.
United National Bancorp is a $1.1 billion asset commercial bank holding company
whose principal subsidiary is United National Bank. The Bank operates 20 offices
throughout Hunterdon, Middlesex, Somerset, Union and Warren counties in New
Jersey. In addition to providing a complete range of personal and commercial
products, United National also offers an array of financial services including
trust, asset management and investment services.
Contact: Donald Reinhard, Media, 908-429-2370 or Donald Malwitz,
Analysts/Investors, 908-429-2405, both of United National.
