Current Report Filing (8-k)
October 22 2013 - 9:21AM
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): October 22, 2013
![](image_001.jpg)
(Exact name of registrant as specified
in its charter)
Florida |
|
001-34462 |
|
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 October 22, 2013, 1st United Bancorp,
Inc. (the “Registrant”) issued a press release announcing that its board of directors has declared a quarterly cash
dividend of $0.01 per share on shares of 1st United common stock, payable on November 15, 2013 to shareholders of record as of
the close of business on November 4, 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 and 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 the Registrant 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 October
22, 2013, announcing the declaration of a quarterly 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.
Date: October 22, 2013 |
By: |
/s/ John Marino |
|
|
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John Marino, |
|
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President and Chief Financial Officer |
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EXHIBIT INDEX
Exhibit
Number |
Description |
|
|
99.1 |
Press Release, dated October 22,
2013, announcing the declaration of a quarterly cash dividend. |
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