As filed with the Securities and Exchange Commission on July 17, 1998
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 16, 1998
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FIRST CHARTER CORPORATION
(Exact name of registrant as specified in its charter)
North Carolina 0-15829 56-1355866
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
22 Union Street, North, Concord, North Carolina
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28026-0228 (Addresses, including zip codes, of
principal executive offices)
(704) 786-3300
(Registrant's telephone number, including area code)
Item 5 Other Events.
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On July 16, 1998, First Charter Corporation, the registrant (the
"Registrant"), announced a stock repurhcase. First Charter Corporation and HFNC
Financial Corp. announced that in connection with the proposed merger of HFNC
with and into First Charter, they intend to purchase in the open market up to
750,000 shares of First Charter common stock or, on an equivalent basis, shares
of HFNC common stock. A copy of the press release announcing the stock
repurchase is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7 Financial Statements and Exhibits
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(c) The following exhibits are filed herewith:
Exhibit No. Description
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99.1 News release disseminated on July 16, 1998 by First Charter
Corporation
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.
FIRST CHARTER CORPORATION
By: /s/ Lawrence M. Kimbrough
Lawrence M. Kimbrough
President and Chief Executive Officer
Dated: July 17, 1998
EXHIBIT INDEX
Exhibit No. Description Sequential Page
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No.
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99.1 News Release disseminated on
July 16, 1998 by First Charter Corporation.
NEWS FIRST
RELEASE CHARTER
P.O. Box 228, Concord, NC 28026-0228 CORPORATION
(704) 786-3330 o FAX (704) 788-0445
FOR IMMEDIATE RELEASE For Information Call:
Concord, North Carolina Robert O. Bratton
July 16, 1998 (704)786-3300
FIRST CHARTER AND HFNC ANNOUNCES STOCK REPURCHASE
CONCORD AND CHARLOTTE, N.C., July 16/PR Newswire/ -- First Charter Corporation
(Nasdaq: FCTR) and HFNC Financial Corp. (Nasdaq: HFNC) announced that in
connection with the proposed merger of HFNC with and into First Charter, they
intend to purchase in the open market up to 750,000 shares of First Charter
common stock or, on an equivalent basis, shares of HFNC common stock. This
amount would represent approximately 7.7% of the shares of First Charter common
stock anticipated to be issued in the merger. Such purchases will be made in
accordance with Regulation M and may be discontinued at any time.