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U.S. 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 MAY 19, 1999
(Date of earliest event reported)
CNB, INC.
(Exact name of registrant as specified in its charter)
FLORIDA
(State or other jurisdiction of incorporation)
0-25988 59-2958616
(Commission File Number) (IRS Employer Identification No.)
201 NORTH MARION STREET, LAKE CITY, FLORIDA 32055
(Address principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (904) 755-3240
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ITEM 5. OTHER EVENTS.
On May 19, 1999, CNB, Inc. (the "Company") announced that its
shareholders had approved a proposal to change the name of the Company to CNB
Florida Bancshares, Inc. The name change is expected to be effective this summer
upon the completion of all required legal and regulatory filings. A copy of the
Company's press release dated May 19, 1999 is attached hereto and incorporated
herein by reference in its entirety.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) The following Exhibit is filed with this Current Report on Form
8-K.
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Exhibit No. Description
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99.1 Press Release dated as of May 19, 1999
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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.
CNB, INC.
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(REGISTRANT)
Date: May 28, 1999 By: /s/ G. Thomas Frankland
---------------------------------
(Signature)
G. Thomas Frankland
Executive Vice President and Chief
Financial Officer
(Principal Financial Officer)
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EXHIBIT INDEX
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<CAPTION>
Exhibit No. Description
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<S> <C>
99.1 Press Release dated as of May 19, 1999
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Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Contacts:
K.C. Trowell G. Thomas Frankland
Chairman & Chief Executive Officer Executive Vice President and Chief
CNB, Inc. Financial Officer
904 / 755-3240
CNB SHAREHOLDERS APPROVE NAME CHANGE
LAKE CITY, FLORIDA (May 19, 1999) - CNB, Inc. (NASDAQ:CNBB) today
announced that its shareholders had approved a proposal to change the name of
the Company to CNB Florida Bancshares, Inc. The name change is expected to be
effective this summer upon the completion of all required legal and regulatory
filings.
K.C. Trowell, Chairman and Chief Executive Officer, commenting on the
name change of the holding company for CNB National Bank, stated "CNB Florida
Bancshares, Inc. more accurately reflects the Company's business and its
presence in the Florida market. Enhancing our brand identity will assist in our
expansion efforts as we grow beyond our original boundaries in Jacksonville,
Gainesville and potentially other markets in Florida."
CNB, Inc., a registered bank holding company, is the parent of CNB
National Bank, the largest community bank in northeast Florida. CNB National
Bank commenced operations in 1986 with one Lake City location and at March 31,
1999 had eleven offices in six northeast Florida counties (Alachua, Baker,
Bradford, Columbia, Suwannee and Union). During 1999, CNB National Bank is
entering the Jacksonville market and also expanding in the Gainesville market.