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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): May 8, 2001
BINGHAM FINANCIAL SERVICES CORPORATION
(Exact name of registrant as specified in its charter)
Michigan 0-23381 38-3313951
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
260 East Brown Street, Birmingham, MI 48009
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (248) 644-8838
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
Pursuant to an Agreement dated May 8, 2001 (the "Purchase Agreement")
among Bingham Financial Services Corporation ("Bingham"), Bloomfield Acceptance
Company, LLC, Bloomfield Servicing Company, LLC., Hartger & Willard Mortgage
Associates, Inc., Wells Fargo Bank, National Association and Wells Fargo &
Company ("Wells Fargo"), Bingham and Wells Fargo have announced that Bingham
will sell the assets of its subsidiaries Bloomfield Acceptance Company, LLC and
Bloomfield Servicing Company, LLC. The description of the proposed sale as
described in this report does not purport to be complete and is qualified in its
entirety by reference to the Purchase Agreement, which is filed as Exhibit 2.1
to this report and incorporated by reference herein.
On May 22, 2001, Bingham issued a press release announcing the
execution of the Purchase Agreement, a copy of which filed as Exhibit 99.1 to
this report and incorporated by reference herein.
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Item 7. Financial Statements and Exhibits
(c) Exhibits.
2.1 Agreement dated May 8, 2001 among Bingham Financial Services
Corporation, Bloomfield Acceptance Company, L.C., Bloomfield
Servicing Company, L.C., Heartier & Willard Mortgage
Associates, Inc., Wells Fargo Bank, National Association, and
Wells Fargo & Company. Omitted from this exhibit, as filed,
are the remaining schedules referenced in the Agreement.
Bingham will furnish supplementally a copy of any of those
schedules to the Commission upon request.
99.1 Press release dated May 22, 2001.
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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.
BINGHAM FINANCIAL SERVICES CORPORATION
/s/ Ronald A. Klein
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Ronald A. Klein,
President and Chief Executive Officer
Dated: May 25, 2001
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INDEX TO EXHIBITS
EXHIBIT DESCRIPTION METHOD OF FILING
2.1 Agreement dated May 8, 2001 among Bingham Filed herewith
Financial Services Corporation, Bloomfield
Acceptance Company, L.L.C., Bloomfield
Servicing Company, L.L.C., Hartger & Willard
Mortgage Associates, Inc., Wells Fargo Bank,
National Association, and Wells Fargo & Company
99.1 Press release dated May 22, 2001 Filed herewith
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