Delaware | 23-3016517 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] 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))
Information to be included in the report
As part of the transaction, the parties have entered into a Transition Services Agreement to provide an orderly transition of the Stored Value Solutions business from BankFirst to Bancorp. Bancorp has also agreed, in a separate registration rights agreement, to register the common stock it will issue, as descr ibed above, under the Securities Act of 1933, as amended, and any applicable state securities laws. Bancorp has also agreed to take over the premises in Sioux Falls, South Dakota currently leased by BankFirst and used, in part, for the Stored Value Solutions business, and to sublease a portion of those premises to BankFirst for its continuing operations.
There was no material relationship between Bancorp and its affiliates and BankFirst and its affiliates prior to execution of the Purchase and Assumption Agreement, and the related documents.
Attached as Exhibit 99.1 is a press release filed by Bancorp on July 17, 2007.
99.1 Press Release
The Bancorp, Inc. | ||||||||
Date: July 19, 2007 | By: | /s/ Martin F. Egan | ||||||
Martin F. Egan | ||||||||
Chief Financial Officer, Senior Vice President and Secretary | ||||||||
Exhibit No. | Description | |
EX-99.1 | Press Release |