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) June 29, 2001
CATAWBA VALLEY BANCHSHARES, 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 File No.) (IRS Employer
of incorporation) 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 June 29, 2001, the Registrant and First Gaston Bank of North Carolina,
Gastonia, North Carolina ("First Gaston") signed an Agreement and Plan of Share
Exchange (the "Agreement") whereby shareholders of First Gaston will exchange
their shares of common stock for the Registrant's common stock on a basis of
0.8934 shares of the Registrant for each share of First Gaston. At the
conclusion of the combination, First Gaston will become the wholly-owned
subsidiary of the Registrant. Registrant currently is the bank holding company
for Catawba Valley Bank. Under the Agreement, First Gaston has agreed to cause a
special meeting of shareholders to be called to vote on the Agreement and the
share exchange contemplated therein. The Registrant will also hold a special
meeting of shareholders to vote on the share exchange, the renaming of the
Registrant to "United Community Banks, Inc.", and reducing the minimum number of
directors under its bylaws from nine (9) to eight (8). The transaction is
subject to approval of the Federal Reserve Board. Registrant anticipates closing
the transaction on December 31, 2001.
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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: July 2, 2001
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EXHIBIT INDEX
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Exhibit Number Description of Exhibit
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2 Agreement and Plan of Share Exchange dated June 29, 2001
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