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 ) NOVEMBER 16, 1999
TRIANGLE BANCORP, INC.
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NORTH CAROLINA 0-21346 56-1764546
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(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) 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 16, 1999, the Board of Directors of Triangle Bancorp, Inc. ("Triangle")
authorized the repurchase of up to 400,000 shares of Triangle's common stock.
The repurchase represented approximately 1.6% of Triangle's then issued and
outstanding common stock. The repurchase program began March 16, 1999.
The repurchase program was suspended on August 23, 1999 upon the announcement of
the proposed acquisition of Triangle by Centura Banks, Inc. On November 16,
1999, the Board of Directors of Triangle formally rescinded the repurchase
program, effective as of August 23, 1999.
A total of 221,150 shares of stock were purchased under the repurchase
program. All shares purchased under the authorization were or will be used for
general corporate purposes.
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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 November 30, 1999 By: /s/ Debra L. Lee
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Debra L. Lee
Chief Financial Officer
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