- Current report filing (8-K)
October 23 2008 - 5:07PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
October 22,
2008
(Date
of earliest event reported)
TEAM
FINANCIAL, INC.
(Exact
name of registrant as specified in its charter)
KANSAS
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000-26335
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48-1017164
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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8 West
Peoria, Suite 200, Paola, Kansas, 66071
(Address
of principal executive offices) (Zip Code)
Registrants
telephone, including area code:
(913) 294-9667
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:
o
Written
Communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 1 Registrants Business and
Operations
Item 1.01 Entry into a Material Definitive
Agreement.
On October 22, 2008, Team Financial, Inc.,
as borrower (the Registrant) and U.S. Bank N.A. (U.S. Bank) entered into an
Amendment to the Revolving Credit Agreement and Note effective as of October 15,
2008 (the Amendment). The Amendment provides
that the Registrant may borrow up to $4 million under a revolving line of
credit from time to time prior to the expiration date of January 31, 2009
and, as disclosed previously, it has drawn down the entire amount. Additionally, the Amendment provides that the
Registrant will provide U.S. Bank with certain monthly information relating to
the Registrants compliance with the Consent Orders disclosed in the Registrants
Current Report on Form 8-K filed with the Securities and Exchange
Commission on September 8, 2008. The
Registrants noncompliance with the terms and conditions of the Consent Orders or
the noncompliance with any terms and conditions of any potential enforcement
agreement with The Board of Governors of The Federal Reserve System will
constitute an event of default under the Revolving Credit Agreement and Note. Furthermore, the Amendment provides that U.S.
Bank waives any event of default that was caused by the Registrants
subsidiaries entering into the Consent Orders.
Section 9 Financial Statements and
Exhibits
Item 9.01 Financial
Statements And Exhibits.
None.
SIGNATURES
Pursuant to the requirement
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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TEAM FINANCIAL, INC.
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By:
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/s/
Bruce R. Vance
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Bruce R. Vance,
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Interim Chief Financial
Officer
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Date: October 23, 2008
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