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) March 17, 1998
TRIANGLE BANCORP, INC.
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North Carolina 0-21346 56-1764546
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) 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
On March 17, 1998, the Board of Directors of Triangle Bancorp, Inc. ("Triangle")
authorized the repurchase of up to 100,000 shares of Triangle's common stock.
The repurchase represents approximately 0.8% of Triangle's issued and
outstanding common stock. All shares purchased under the authorization will be
used for reissuance in connection with Triangle's stock option and purchase
plans, directors' compensation plans, and for general corporate purposes. The
repurchase program will be effective after the completion of Triangle's
acquisition of Guaranty State Bancorp, anticipated to occur in April 1998.
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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: March 20, 1998 By: /s/ Debra L. Lee
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Debra L. Lee
Chief Financial Officer
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