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 18, 2003
MNB HOLDINGS CORPORATION
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
California 000-50382 57-1159677
- --------------------------------------------------------------------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
3060 Sixteenth Street San Francisco, California 94103
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (415) 826-3627
N/A
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
Item 5. Other Events.
On September 18, 2003, Mission National Bank (the "Bank"), the
wholly-owned subsidiary of MNB Holdings Corporation ("MNB" or the "Registrant"),
entered into an agreement with Pan American Bank, FSB ("PAB") for the purchase
of certain assets and the assumption of all of the deposits of PAB's San
Francisco branch. The transaction will be consummated in accordance with an
Agreement To Assume Liabilities And To Acquire Assets Of Branch Banking Office
(the "Agreement").
Description of the Agreement
Following receipt of all requisite regulatory approvals, and pursuant to
the terms of the Agreement, the Bank will acquire the deposits and lease
liabilities of PAB located at 2773 Mission Street, San Francisco, California and
that office will be operated as a branch of the Bank. In consideration the Bank
will pay PAB a three quarters of one percent premium (0.75%) at closing. Deposit
to be acquired total approximately $35,000,000. A copy of the Agreement is
attached to this Current Report as Exhibit 2.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit No. Exhibit
----------- -------
2. Agreement To Assume Liabilities And To Acquire Assets Of
Branch Banking Office dated September 18, 2003.
2
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.
Date: September 22, 2003 MNB HOLDINGS CORPORATION
/s/ J. David Joves
-------------------------------------
J. David Joves,
Chief Financial Officer
(Principal Accounting Officer)
3