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): August 3, 1999
Anson Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
North Carolina 56-2073894
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
211 South Greene Street
Post Office Box 249
Wadesboro, North Carolina 28170-249
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(Address of principal executive offices)
Registrant's telephone number, including area code: (704) 694-2122
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N/A
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(Former name or former address, if changed since last report)
Item 5. Other Events
The Board of Directors of Anson Bancorp, Inc., Wadesboro, North Carolina
(the "Corporation"), a holding company whose only subsidiary is Anson Savings
Bank, Inc., announced August 3, 1999 that it has entered into a definitive
Agreement and Plan of Reorganization and Merger (the "Agreement") with Uwharrie
Capital Corp., Albemarle, North Carolina ("Uwharrie"). Under the terms of the
Agreement, each outstanding share of the Corporation's common stock (other than
shares held by shareholders who properly exercise "dissenters' rights" pursuant
to Article 13 of the North Carolina Business Corporation Act) will be converted
into the right to receive $17.30 in cash. A copy of the Agreement is attached
hereto as Exhibit (2) and is incorporated by reference herein.
In addition, the Corporation has granted to Uwharrie an option to
purchase 111,173 shares of the Corporation's common stock at a price of $18.50
per share exercisable upon the occurrence of certain specified events pursuant
to a Stock Option Agreement. The Stock Option Agreement is attached to the
Agreement as Exhibit E.
The Agreement is contingent upon, among other things, receipt of approvals
from the Corporation's shareholders and regulatory authorities. Uwharrie's
proposal will be considered at the Corporation's annual meeting of shareholders
scheduled for late November.
A copy of the Company's press release announcing execution of the Agreement
is attached hereto as Exhibit (99)(a) and is incorporated by reference herein.
Item 7. Financial Statements and Exhibits
(c) Exhibits
(2) Agreement and Plan of Reorganization and Merger between Uwharrie
Capital Corp. and Anson Bancorp, Inc. dated August 3, 1999
(99)(a) Press Release of the Company, distributed August 3, 1999
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.
ANSON BANCORP, INC.
Date: August 3, 1999 By: /s/ Eugene M. Ward
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Eugene M. Ward, President
and Chief Executive Officer
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EXHIBIT INDEX
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Exhibit No. Description
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(2) Agreement and Plan of Reorganization
and Merger between Uwharrie Capital Corp.
and Anson Bancorp, Inc. dated
August 3, 1999
(99)(a) Press Release of the Company,
distributed August 3, 1999