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)
March 15, 2002
FNB BANCORP
(Exact name of registrant as specified in its charter)
California
(State or other jurisdiction of incorporation)
000-49693 92-2115369
(Commission File Number) (IRS Employer Identification No.)
975 El Camino Real, South San Francisco, California 94080
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (650) 583-8450
Item 2. Acquisition or Disposition of Assets
On March 15, 2002, the registrant and First National Bank of Northern
California, a national banking association (the "Bank") consummated the
reorganization contemplated by the Agreement and Plan of Reorganization dated as
of November 1, 2001 (the "Plan of Reorganization"), executed between the
registrant and the Bank. The Office of the Comptroller of the Currency certified
the restructuring of the Bank pursuant to the provisions of 12 U.S.C. Section
215a-2 and 12 C.F.R. Section 7.2000(a), effective March 15, 2002. Pursuant to
the Plan of Reorganization, each one share of common stock of the Bank
outstanding on March 15, 2002 (except for any shares that are subject to
dissenting shareholder rights claimed under the National Bank Act), was
converted into the right to receive one share of the common stock of the
registrant. The registrant is now the sole shareholder of the Bank and shares of
Bank common stock are no longer quoted on the OTC Bulletin Board. Commencing
March 18, 2002, shares of the registrant's common stock are quoted on the OTC
Bulletin Board under the trading symbol "FNBG." In due course, the registrant
intends to file an application for listing of its common stock on The Nasdaq
National Market. Previously, the shareholders of the Bank approved the Plan of
Reorganization at a Special Meeting of Shareholders held on February 27, 2002.
The registrant has also received approval of the Board of Governors of the
Federal Reserve System to become a holding company for the Bank, registered
under the Bank Holding Company Act of 1956, as amended.
Item 5. Other Events and Regulation FD Disclosure
On March 18, 2002, the registrant announced the appointment of the
following officers for FNB Bancorp: Michael R. Wyman, Chairman; Thomas C.
McGraw, Chief Executive Officer and Secretary; Jim D. Black, President; Anthony
J. Clifford, Executive Vice President and Chief Operating Officer; and James B.
Ramsey, Senior Vice President and Chief Financial Officer. A copy of the March
18, 2002, news release announcing such appointments is attached to this report
as Exhibit 99.1 and is incorporated here by reference.
Item 7. Exhibits
99.1 News release dated March 18, 2002, announcing consummation of
the Plan of Reorganization with First National Bank of
Northern California
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.
FNB BANCORP (Registrant)
Dated: March 19, 2002. By: /s/ James B. Ramsey
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James B. Ramsey
Senior Vice President and
Chief Financial Officer
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