UNITED STATES
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
February 11, 1999
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Date of Report (Date of earliest event reported)
UNION NATIONAL BANCORP, INC.
Maryland 000-22523 52-1862338
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(State or other jurisdiction (Commission file number) (IRS Employer
of incorporation or Identification No.)
Organization)
117 East Main Street, Westminster, Maryland 21157
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(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (410) 848-7200
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<PAGE>
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
On February 11, 1999, the Registrant entered into a letter of intent
with Barnes-Bollinger Insurance Services, Inc. On February 16, 1999,
the Registrant issued a press release announcing its intent to acquire
Barnes-Bollinger Insurance Services, Inc., a local insurance agency in
Carroll County. The parties expect to enter into a definitive
agreement within the next 60 days.
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits:
99 Press Release of Registrant, dated February 16, 1999, re:
Letter of Intent.
Item 8. Change in Fiscal Year.
Not Applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S
Not Applicable.
<PAGE>
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.
UNION NATIONAL BANCORP, INC.
Dated: February 17, 1999 By: /s/ Virginia W. Smith
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Virginia W. Smith, President
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EXHIBIT INDEX
Page Number
in Manually
Exhibit Signed Original
- ------- ---------------
99 Press Release: Union National Bancorp Announces Intent
to Acquire Barnes-Bollinger Insurance Services, Inc.
5
EXHIBIT 99
PRESS RELEASE
<PAGE>
Press Release
Source: Union National Bancorp
Union National Bancorp Announces Intent to Acquire Barnes-
Bollinger Insurance Services Inc.
Westminster, MD/ Feb 16, 1999/
Union National Bancorp (Nasdaq: UNNL) today announced that it entered into a
Letter of Intent to acquire Barnes-Bollinger Insurance Services, Inc.
headquartered in Westminster, MD on February 11, 1999. The parties intend to
enter into a definitive agreement within the next 60 days.
Barnes-Bollinger will become a wholly owned subsidiary of Union National Bank, a
subsidiary of Union National Bancorp. Barnes-Bollinger will continue to do
business as it has in the past. Barnes-Bollinger is a full-service insurance
agency providing a full range of business, personal, life, group medical,
disability, and long term care coverages.
"The acquisition of the premier independent insurance agency in Carroll County
presents tremendous opportunities for our shareholders and customers" stated
Virginia W. Smith President of Union National Bancorp and Union National Bank.
"This acquisition provides a vehicle through which we can further develop
relationships with the customers of both Union National Bank and
Barnes-Bollinger Insurance to deliver a greater range of solutions in meeting
our customers' financial service needs."
R. Wayne Barnes, who will remain President of Barnes- Bollinger stated that
"there will be no change or interruption in service to its existing customers.
This merger will further enhance Union National's mission of remaining a
community bank. Our current insurance customers will continue to work with the
same trusted staff."
Union National Bank operates 10 locations throughout Carroll County, Maryland.
Union National Bank is a member FDIC and an Equal Housing Lender.
