Current Report Filing (8-k)
July 23 2013 - 4:35PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): July 23, 2013
(Exact name of registrant as specified
in its charter)
Florida |
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001-34462 |
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65-0925265 |
(State of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
One
North Federal Highway, Boca Raton, Florida |
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33432 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant's telephone number, including
area code: (561) 362-3435
___________________________________________________
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
£ Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
£ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1ST UNITED BANCORP, INC.
FORM 8-K
CURRENT REPORT
Item 7.01. Regulation FD
Disclosure.
On July 23, 2013, 1st United Bancorp, Inc. (the “Registrant”)
issued a press release announcing that its board of directors has declared a cash dividend of $0.01 per share on shares
of 1st United common stock, payable on August 15, 2013 to shareholders of record as of the close of business on August 5, 2013.
A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated by reference herein.
The information
furnished under Item 7.01 of this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as
shall be expressly set forth by specific reference in such filing.
Forward Looking Statements
Any non-historical statements in this press
release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are based on current plans and expectations that are subject to uncertainties and risks, which
could cause 1st United’s future results to differ materially. The following factors, among others, could cause
our actual results to differ: the adequacy of our cash flow and earnings and other conditions that may affect our ability to pay
our quarterly dividend at the planned level; our ability to comply with the terms of loss sharing agreements with the FDIC; legislative
and regulatory changes, including the Dodd-Frank Wall Street Reform, Consumer Protection Act and Basel III, the strength of the
United States economy in general and the strength of the local economies in which we conduct operations; the accuracy of our financial
statement estimates and assumptions, including the estimate of our loan loss provision and the FDIC receivable; our ability to
integrate the business and operations of companies and banks that we have acquired, and those that we may acquire in the future;
the failure to achieve expected gains, revenue growth, and/or expense savings from future acquisitions; the frequency and magnitude
of foreclosure of our loans; the reduction in FDIC insurance on certain non-interest bearing accounts due to the expiration of
the Transaction Account Guarantee program; increased competition and its effect on pricing including the impact on our net interest
margin from repeal of regulation Q; our customers’ willingness to make timely payments on their loans; the effects of the
health and soundness of other financial institutions, including the FDIC’s need to increase Deposit Insurance Fund assessments;
changes in securities and real estate markets; changes in monetary and fiscal policies of the U.S. Government; inflation, interest
rate, market, and monetary fluctuations; the effects of our lack of a diversified loan portfolio, including the risks of geographic
and industry concentrations; our need and our ability to incur additional debt or equity financing; the effects of harsh weather
conditions, including hurricanes, and man-made disasters; our ability to comply with the extensive laws and regulations to which
we are subject; the willingness of clients to accept third-party products and services rather than our products and services and
vice versa; technological changes; negative publicity and the impact on our reputation; the effects of security breaches and computer
viruses that may affect our computer systems; changes in consumer spending and saving habits; changes in accounting principles,
policies, practices or guidelines; limited trading activity of our common stock; the concentration of ownership of our common stock;
our ability to retain key members of management; anti-takeover provisions under federal and state law as well as our Articles of
Incorporation and our Bylaws; other risks described from time to time in our filings with the Securities and Exchange Commission;
and our ability to manage the risks involved in the foregoing. These factors, as well as additional factors, can be found in our
periodic and other filings with the SEC, which are available at the SEC’s internet site (http://www.sec.gov). Actual results
may differ materially from projections and could be affected by a variety of factors, including factors beyond our control. Forward-looking
statements in this press release speak only as of the date of the press release, and 1st United assumes no obligation
to update forward-looking statements or the reasons why actual results could differ.
Item 9.01. Financial Statements and Exhibits.
99.1 |
Press Release, dated July
23, 2013, announcing payment of a cash dividend.
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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.
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1ST UNITED BANCORP, INC. |
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|
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Date: July 23, 2013 |
By: |
/s/ John Marino |
|
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John Marino, |
|
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President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit
Number |
Description |
|
|
99.1 |
Press Release, dated July 23, 2013, announcing payment of a cash dividend. |
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