U.S. 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 and Exchange Act of 1934
Date of Report (Date of earliest event reported) September 17, 1998
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TRIANGLE BANCORP, INC.
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North Carolina 0-21346 56-1764546
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(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
4300 Glenwood Avenue, Raleigh, North Carolina 27612
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (919) 881-0455
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Item 5. Other Information
As previously reported, Triangle Bancorp, Inc. ("Triangle") announced that on
March 4, 1998, Triangle executed an Agreement and Plan of Reorganization and
Merger (the "Agreement") with United Federal Savings Bank ("United Federal")
whereby United Federal would be merged into Triangle's subsidiary, Triangle
Bank. The Agreement was subsequently amended on August 7, 1998 and September 1,
1998. The merger of United Federal into Triangle Bank occurred on September 17,
1998. Through the merger, Triangle Bank gained eight new branches, approximately
$302 million in assets, approximately $240 million in loans, approximately $266
million in deposits and approximately $22 million in shareholders equity.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
Triangle Bancorp, Inc. has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
TRIANGLE BANCORP, INC.
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(Registrant)
Date September 29, 1998 By: /s/ Debra L. Lee
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Debra L. Lee
Chief Financial Officer
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