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): September 3, 2014
INTERVEST BANCSHARES CORPORATION
(Exact Name of Registrant as Specified in Charter)
| | | | |
| Delaware | | 000-23377 | | 13-3699013 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification Number) |
| |
| 1 Rockefeller Plaza, Suite 400 New York, New York | | 10020-2002 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s Telephone Number Including Area Code: (212) 218-2800
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):
| | ¨ | 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)) |
On September 3, 2014, Intervest Bancshares Corporation (the “Company”) repurchased the warrant that it had issued to the United States Department of the Treasury on December 23, 2008 in connection with the Company’s participation in the Capital Purchase Program of TARP. The Company paid $2,892,066 to Treasury to repurchase the warrant, which has been cancelled. The warrant had permitted Treasury to purchase up to 691,882 shares of common stock at an exercise price of $5.42 per share.
The Company issued a press release reporting the repurchase of the warrant on September 3, 2014. The press release is filed as Exhibit 99.1 to this report and is incorporated by reference into this Item 8.01.
| Item 9.01 | Financial Statements and Exhibits |
Exhibit 99.1 Press Release dated September 3, 2014.
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 thereunto duly authorized.
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| | | | INTERVEST BANCSHARES CORPORATION |
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| Date: September 3, 2014 | | | | | | |
| | | | By: | | /s/ John J. Arvonio |
| | | | | | Chief Financial and Accounting Officer |
| | | | | | (Principal Financial Officer) |
EXHIBIT INDEX
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Exhibit No. | | Description |
| |
| 99.1 | | Press Release dated September 3, 2014 |
