UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 30, 2020
FNCB Bancorp, Inc.
(Exact name of registrant as specified in its Charter)
Pennsylvania | | 001-38408 | | 23-2900790 |
| (State or other jurisdiction | | (Commission file number) | | (IRS Employer |
| of incorporation) | | | | Identification No.) |
102 E. Drinker St., Dunmore, PA, 18512
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: 570.346.7667
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
| Common Stock, $1.25 par value | | FNCB | | Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicated by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On November 30, 2020, FNCB Bancorp, Inc. (the “Company”), announced that FNCB Bank (the "Bank"), the Company's wholly-owned subsidiary, will close its Limited Purpose Office ("LPO") located at 3500 Winchester Road, Allentown, Lehigh County, Pennsylvania, effective January 18, 2021. The decision to close the LPO, which had previously operated as a commercial sales office, is in the Bank's best interest and is consistent with its strategic goals and objectives. All customer relationships have been transferred and are being serviced by the Bank's commercial lending division. The Bank does not anticipate any significant customer disruption due to the closure of the LPO.
The Bank does not anticipate a material change to ongoing operating expenses resulting from the LPO closure, although an immaterial amount of cost savings will be realized as a result of the non-renewal of the expiring lease agreement for this location.
Signature
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.
| | FNCB BANCORP, INC. |
| | |
| | |
| | By: | /s/ James M. Bone, Jr. |
| | | James M. Bone, Jr., CPA Executive Vice President and Chief Financial Officer |
| | | |
| | |
| Dated: December 1, 2020 | |
