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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) September 16, 1998
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 September 16, 1998, the Board of Directors of United National Bancorp
("United") approved a 33% increase in the Company's quarterly dividend to $0.20
per share, up from the previous rate of $0.15 per share. At the same time, the
Board declared a 10% stock dividend. Any fractional shares will be paid in cash
at the closing bid price of the record date. Both dividends are payable November
2, 1998 to stockholders of record on October 15, 1998.
A copy of the text of United's press release reporting its cash and stock
dividends is being filed as an exhibit to this Current Report.
Item 7. Financial Statements and Exhibits. Exhibits
99(a) Press Release dated September 16, 1998
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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: September 22, 1998 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 September 16, 1998
Exhibit 99(a)
UNITED NATIONAL BANCORP INCREASES CASH DIVIDEND
33 PERCENT AND DECLARES STOCK DIVIDEND
Bridgewater, NJ-September 16, 1998-The Board of Directors of United National
Bancorp (NASDAQ-UNBJ), parent company of United National Bank has approved a 33%
increase in the Company's quarterly dividend to $0.20 per share, up from the
previous rate of $0.15 per share. At the same time, the Board declared a 10%
stock dividend. Both dividends are payable November 2, 1998 to stockholders of
record on October 15, 1998.
Thomas C. Gregor, chairman and chief executive officer of United National
stated, "This is the fortieth consecutive year a stock dividend has been paid
and the eighty-eighth successive year of cash dividends. We are pleased to
maintain this strong dividend record this year. The increase in the quarterly
dividend shows the confidence that our Board has in the direction of the
Company."
United National also announced that it has opened an office in Bernardsville,
New Jersey. This new, full service office is the Bank's seventh in Somerset
County. United National now has a total of 27 offices in Hunterdon, Middlesex,
Morris, Somerset, Union, and Warren counties in New Jersey.
United National Bancorp, headquartered in Bridgewater, New Jersey, is a $1.4
billion asset commercial bank holding company whose principal subsidiary is
United National Bank. The Bank provides a complete range of personal and
business banking services as well as an array of trust and investment services.
United Commercial Capital Group, a subsidiary of United National Bank, provides
timely and innovative financing solutions for real estate and commercial
transactions that do not fall within the boundaries of traditional bank
financing. Visit United National on the World Wide Web at
www.united-national.com.
Contact: media, Donald Reinhard, 908-429-2370 or investors, Donald Malwitz,
908-429-2405, both of United National.
