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
June 23, 1999
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(Date of earliest event reported)
PBOC Holdings, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-24215 33-0220233
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
5900 Wilshire Boulevard, Los Angeles California 90036
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(Address of principal executive offices) (Zip Code)
(323) 954-6653
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year, if changed
since last report)
Item 5. Other Events
On June 23, 1999, PBOC Holdings, Inc. ("PBOC") announced that PBOC, its
wholly owned subsidiary, People's Bank of California, a federally chartered
savings bank (the "Bank") and The Bank of Hollywood, a California commercial
bank ("BOH"), had entered into an Agreement and Plan of Merger, dated as of June
22, 1999 (the "Agreement," a copy of which is attached hereto as Exhibit 2.1),
which sets forth the terms and conditions pursuant to which BOH would be merged
with and into the Bank and become a wholly owned subsidiary of PBOC (the
"Merger"). The Agreement provides, among other things, that as a result of the
Merger, each outstanding share of common stock of BOH (subject to certain
exceptions) will be converted into the right to receive $19.00 in cash without
interest. Consummation of the Merger is subject to a number of conditions,
including, but not limited to, the approval of the Agreement and the Merger by
the shareholders of BOH and the receipt of requisite regulatory approvals.
Concurrently with the execution and delivery of the Agreement, the
directors and certain executive officers of BOH entered into a form of letter
agreement with PBOC pursuant which, among other things, such persons agreed to
vote their shares of BOH common stock in favor of the Merger. A copy of the form
of letter agreement is attached hereto as Exhibit 10.1.
The press release issued by PBOC and BOH with respect to the announcement
of the transaction described herein is attached hereto as Exhibit 99.1 and is
incorporated herein by reference in its entirety.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) The following exhibits are included with this Report:
Exhibit 2.1 Agreement and Plan of Merger dated as of June 22, 1999
among PBOC, the Bank and BOH.
Exhibit 10.1 Form of letter agreement between affiliates of BOH and
PBOC.
Exhibit 99.1 Press Release, dated June 23, 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 thereunto duly authorized.
PBOC HOLDINGS, INC.
By: /s/ J. Michael Holmes
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J. Michael Holmes
Executive Vice President and
Chief Financial Officer
Date: June 24, 1999