SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 25, 2003
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MOUNTAINBANK FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
NORTH CAROLINA 000-32547 56-2237240
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
201 Wren Drive Hendersonville, North Carolina 28792
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (828) 693-7376
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Item 7. Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is being filed with this Report:
Exhibit No. Exhibit Description
99 Copy of our press release dated April 25, 2003
Item 9. Regulation FD Disclosure
(Being furnished under Item 12. Results of Operations and Financial Condition.)
On April 25, 2003, we announced our results of operations for the quarter
ended March 31, 2003. A copy of our press release is attached as Exhibit 99 to
this Report and is incorporated by reference into this Report.
Our press release announced our net income for the first quarter of 2003,
and the percentage increase in net income as compared to the same period in
2002, computed according to generally accepted accounting principles in the
United States ("GAAP"). Our press release also described our net income, and the
percentage increase, excluding a non-recurring expense we recognized during the
first quarter of 2003 related to a proposed acquisition that was not
consummated. The presentation of net income before a non-recurring expense is
not in conformity with GAAP. However, since the particular expense we described
was a one-time charge, we believe the non-GAAP financial measure in our press
release provides useful information to investors regarding our first-quarter
financial performance and results of operations.
Disclosures About Forward Looking Statements
The discussions included in this Report and its exhibits may contain
forward looking statements within the meaning of the Private Securities
Litigation Act of 1995, including Section 21E of the Securities Exchange Act of
1934 and Section 27A of the Securities Act of 1933. Those statements involve
known and unknown risks, uncertainties and other factors that may cause our
actual results to differ materially. For the purposes of these discussions, any
statements that are not statements of historical fact may be considered to be
forward looking statements. Those statements are often characterized by the use
of qualifying words such as "expects," "anticipates," "believes," "estimates,"
"plans," "projects," or other statements concerning our opinions or judgments
and those of our management about future events. The accuracy of those forward
looking statements could be affected by various factors, including but not
limited to the financial success or changing conditions or strategies of our
customers or vendors, fluctuations in interest rates, actions of government
regulators, the availability of capital and personnel or general economic
conditions.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, we have duly caused this Report to be signed on our behalf by our
undersigned officer thereunto duly authorized.
MOUNTAINBANK FINANCIAL CORPORATION
(Registrant)
Date: May 1, 2003 By: /s/ Gregory L. Gibson
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Gregory B. Gibson
Chief Financial Officer