SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 12(b) OR (g) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 23, 2002
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MOUNTAINBANK FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
NORTH CAROLINA 000-32547 56-2237240
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
201 Wren Drive
Hendersonville, North Carolina 28792
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (828) 693-7376
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Item 2. Acquisition or Disposition of Assets.
On July 23, 2002, Registrant and TrustCo Holding, Inc. ("TrustCo")
jointly announced that they have entered into a definitive agreement to merge.
TrustCo is headquartered in Greenville, SC, and is the parent company of
Trust Company of the South, a state-chartered trust company, and Asset
Management of the South, a registered investment advisor. Registrant is
headquartered in Hendersonville, NC, and is the parent company of MountainBank,
a state-chartered bank which currently operates 16 banking offices in nine
western North Carolina counties and a mortgage subsidiary headquartered in
Greenwood, SC.
Registrant previously announced that it also has entered into definitive
agreements to merge with Cardinal BankShares Corporation, a bank holding company
headquartered in Floyd, VA, and CNB Holdings, Inc., a bank holding company
headquartered in Pulaski, VA.
A copy of Registrant's and TrustCo's joint press release is attached as
an exhibit to this Report.
Item 7. Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is being filed with this Report:
Exhibit No. Exhibit Description
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99 Copy of joint press release dated July 23, 2002
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, Registrant has duly caused this Report to be signed on its behalf by
the undersigned thereunto duly authorized.
MOUNTAINBANK FINANCIAL CORPORATION
(Registrant)
Date: July 23, 2002 By: /s/ Gregory L. Gibson
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Gregory L. Gibson
Chief Financial Officer
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