SECUIRTIES 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) June 8, 2000
CNB Bancorp, Inc.
(Exact Name of Registrant as Specified in its Charter)
New York 17501 14-1709485
(State or Other Jurisdiction (Commission File Number) IRS Employer
of Incorporation) Identification No.)
10-24 N. Main St., PO Box 873, Gloversville, New York 12078
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code (518) 773-7911
N/A
(Former Name or Former Address, if Changes Since Last Report)
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Item 5. Other Events
On June 8, 2000, CNB Bancorp, Inc. issued the press release which is
included as Exhibit 99 hereto.
Item 7. Financial Statements,
Pro Forma Financial Information
And Exhibits
(a) Not applicable.
(b) Not applicable.
(c) The following exhibits are included with this Report:
Exhibit 99. Press Release, dated June 8, 2000.
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.
Dated: June 14, 2000 CNB Bancorp, Inc.
/s/ George A. Morgan
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George A. Morgan, Vice President and Secretary
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EXHIBIT 99
CNB BANCORP, INC. NEWS RELEASE
For Immediate Release
For Further Information, Contact
William N. Smith
Chairman, President and
Chief Executive Officer
(518) 773-7911
CNB Bancorp, Inc. to Enter Insurance Business
Purchasing Hathaway Agency
Gloversville, New York, June 8, 2000 CNB Bancorp, Inc. (OTCNBI:)
announced today that it has signed an agreement to purchase Hathaway Agency,
Inc., of Gloversville, New York. Hathaway Agency, one of the largest
independent insurance agencies in Fulton County, will be operated as an
independent wholly owned subsidiary of CNB. The insurance firm's President
William R. Fiedler and staff will remain in place.
Hathaway Agency, in business since 1915, specializes in commercial,
industrial and not-for-profit businesses, as well as insuring the personal
automobiles and homes of the people of Fulton County.
William N. Smith, CNB Bancorp's Chairman, President and Chief
Executive Officer, said, "This purchase is a perfect strategic fit as we
strive to become a broader financial services provider in our market place.
The community focus of the Hathaway Agency and its commitment to quality
service is compatible with our corporate culture. Their product offerings are
ideal for our customer base."
William R. Fiedler President of Hathaway Agency said, "This new
strategic alliance will capitalize on the combined strengths of the two
companies and allow us to become a stronger competitive force in our market
area. We are excited about the potential value associated with linking our
insurance products, services, and experienced, professional staff with the
bank's strong distribution system."
Richard E. Hathaway, the principal owner of Hathaway Agency, said,
"The agency has been a locally owned and operated business since inception
and is merging with a locally owned and operated community banking company
that shares similar values. I feel this is good for our customers, staff and
community."
CNB Bancorp, Inc. is the parent company of City National Bank and
Trust Company, which provides commercial banking and trust services through
seven locations in the communities of Gloversville, Johnstown, Northville,
Perth and Saratoga Springs, New York. CNB Bancorp has assets of over $330
million with a history dating back to 1887.
