SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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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 31, 2001
CATAWBA VALLEY BANCSHARES, INC.
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(Exact name of Registrant as specified in its charter)
North Carolina 0-26551 56-2137427
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
1039 Second Street, NE, Hickory, North Carolina 28601-3843
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(Address of principal executive offices)
Registrant's telephone number, including area code (828) 431-2300
Not Applicable
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(Former address of principal executive offices)
Item 5 Other Events and Regulation FD Disclosure.
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On May 30, 2001, the Registrant and First Gaston Bank of North Carolina ("First
Gaston") announced a "merger of equals" whereby shareholders of First Gaston
will exchange their shares of common stock for shares of the Registrant's common
stock on a basis of 0.8934 shares of First Gaston for each share of the
Registrant. At the conclusion of the combination, First Gaston will become the
wholly-owned subsidiary of the Registrant along with Catawba Valley Bank. The
Registrant will be renamed to reflect the geographic scope of both banks.
Catwaba Valley Bank and First Gaston will continue to operate in their
respective regions under their current boards, management, and name. The
transaction is expected to be effective by December 31, 2001.
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.
CATAWBA VALLEY BANCSHARES, INC.
By: /s/ R. Steve Aaron
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R. Steve Aaron
President and CEO
Dated: June 5, 2001
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EXHIBIT INDEX
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Exhibit Number Description of Exhibit
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99(i) Press Release
99(ii) Letter of Intent Dated May 31, 2001
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