SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): March 10, 2000
INTERVEST CORPORATION OF NEW YORK
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(Exact Name of Registrant as Specified in its Charter)
New York 33-22976-NY 13-3415815
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
10 Rockefeller Plaza (Suite 1015), New York, New York 10020-1903
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(Address of principal executive offices) (zip code)
(212) 218-2800
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(Registrant's telephone number, including area code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On March 10, 2000, Intervest Bancshares Corporation
("Bancshares") completed its acquisition of Intervest Corporation of New York
(the "Company"). ICNY Acquisition Corporation, a wholly-owned subsidiary of
Bancshares, merged into the Company. The merger became effective as of March 10,
2000. Pursuant to the merger, Bancshares will issue 1,250,000 shares of its
Class A Common Stock for all of the issued and outstanding shares of the
Company.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements
Not Applicable
(b) Pro Forma Financial Statements
The pro forma financial statements included at pages 29
through 33 of the definitive proxy statement of Intervest
Bancshares Corporation (the "Proxy Statement"), filed with
the Commission on February 10, 2000, are incorporated
herein by reference.
(c) Exhibits
(1) The Merger Agreement dated as of November 1, 1999, by
and among the Company, Intervest Bancshares Corporation
and ICNY Acquisition Corporation, is incorporated herein
by reference from the Proxy Statement, wherein such
agreement is included as Annex A.
SIGNATURE
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.
INTERVEST CORPORATION OF NEW YORK
Date: March 20, 2000 By: /s/ Lowell S. Dansker
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Lowell S. Dansker, President
