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) April 28, 2006
WACCAMAW BANKSHARES, INC. |
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(Exact name of Registrant as specified in its charter) |
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North Carolina | | 000-32985 | | 52-2329563 |
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(State or other jurisdiction
of incorporation) | | (Commission File No.) | | (IRS Employer
Identification number) |
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110 N. Powell Boulevard Whiteville, N.C. 28472 |
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(Address of principal executive offices) |
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Registrant’s telephone number, including area code (910) 641-0044 |
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Not Applicable |
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(Former address of principal executive offices) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On April 28, 2006, the Bank of Heath Springs, Heath Springs, South Carolina was merged with and into Waccamaw Bank, the wholly owned subsidiary of Waccamaw Bankshares, Inc. (the “Registrant”). The Registrant paid aggregate consideration of $8,000,000 in exchange for all of the issued and outstanding shares of the Bank of Heath Springs.
This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of the Registrant’s goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of the Registrant’s management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Registrant’s control).
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SIGNATURES
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.
| WACCAMAW BANKSHARES, INC. |
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| | /s/ James G. Graham |
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| By: | James G. Graham |
| Its: | President & CEO |
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Dated: May 1, 2006 | | |
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