SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): March 10, 2000
INTERVEST BANCSHARES CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 000-23377 13-3699013
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
10 Rockefeller Plaza (Suite 1015), New York, New York 10020-1903
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(Address of principal executive offices) (zip code)
(212) 218-2800
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(Registrant's telephone number, including area code)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On March 10, 2000, Intervest Bancshares Corporation (the
"Company) completed its acquisition of Intervest Corporation of New York
("ICNY"). ICNY Acquisition Corporation, a wholly-owned subsidiary of the
Company, merged into ICNY. The merger became effective as of March 10, 2000.
Pursuant to the merger, the Company will issue 1,250,000 shares of its Class A
Common Stock for all of the issued and outstanding shares of ICNY.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of ICNY
The financial statements of Intervest Corporation of New
York are incorporated by reference from Intervest
Corporation of New York's Report on Form 10-K for the year
ended December 31, 1998 and its Report on Form 10-Q for
the quarter ended September 30, 1999, wherein such
financial statements are included as items 8 and 1,
respectively.
(b) Pro Forma Financial Statements
The pro forma financial statements included at pages 29
through 33 of the registrant's definitive proxy statement
for its special meeting of shareholders held on March 10,
2000, filed with the Commission on February 10, 2000, are
incorporated herein by reference.
(c) Exhibits
- None
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.
INTERVEST BANCSHARES CORPORATION
Date: March 20, 2000 By: __________________________________
Lowell S. Dansker, President