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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
Date of Report (Date of earliest event reported) JUNE 1, 1991 (MAY 26, 1999)
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UNION NATIONAL BANCORP, INC.
MARYLAND 000-22523 52-1862338
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(State or other jurisdiction of (Commission file number) (IRS Employer
incorporation or Organization) Identification No.)
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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ITEM 5: OTHER EVENTS
On May 21, 1999 the Registrant entered into a definitive agreement with
Barnes-Bollinger Insurance Services, Inc., a local insurance agency in Carroll
County. On May 26, 1999 the Registrant issued a press release announcing the
agreement. A copy of the press release is attached as exhibit 99 to this current
report.
ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
99 Press release of Registrant, dated may 26, 1999. re: Definitive
Agreement
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Exhibit 99
[LOGO]
Press Release Contact: James C. Wise
410.751-2163
Source: Union National Bancorp
Union National Bancorp to Acquire Barnes-Bollinger Insurance Services Inc.
Westminster, MD/ May 26, 1999/
Union National Bancorp (Nasdaq: UNNL) today announced that it signed a
definitive agreement to acquire Barnes-Bollinger Insurance Services, Inc.
headquartered in Westminster, MD.
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.
Our acquisition will further enhance Union National's mission of remaining a
community bank. The agencies current insurance customers will continue to work
with the same trusted staff."
The transaction is subject to regulatory approval by the Board of Governors of
the Federal Reserve System and The Comptroller of the Currency. The regulatory
application has been filed and the transaction is expected to close the second
quarter of 1999.
Union National Bank operates 10 locations throughout Carroll County, Maryland.
Union National Bank is a member FDIC and an Equal Housing Lender.
