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) April 22, 2010
| NORTH VALLEY BANCORP |
| (Exact name of registrant as specified in its charter) |
| California |
| (State or other jurisdiction of incorporation) |
| 0-10652 | | 94-2751350 |
| (Commission File Number) | | (IRS Employer Identification No.) |
| | | |
| 300 Park Marina Circle, Redding, CA | | 96001 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (530) 226-2900
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement
On April 22, 2010, North Valley Bancorp, a California corporation (the “Company”) closed its previously announced private placement transaction for the sale of 40,000 shares of its Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series A, without par value (the “Series A Preferred Stock”), at a price of $1,000 per share, for an aggregate gross purchase price of $40,000,000.
Reference should be made to the Company’s Current Report on Form 8-K previously filed with the Commission on April 22, 2010 for more information regarding the private placement transaction, the Series A Preferred Stock and the transaction documents (which were filed as exhibits to said Form 8-K).
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.
| | NORTH VALLEY BANCORP |
| | | |
| Dated: April 22, 2010 | By: | /s/ Kevin R. Watson |
| | | Kevin R. Watson |
| | | Executive Vice President Chief Financial Officer |
