Current Report Filing (8-k)
15 Décembre 2014 - 11:31PM
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)
December 12, 2014
FRANKLIN FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in
Charter)
Virginia |
1-35085 |
27-4132729 |
(State or Other Jurisdiction of |
(Commission |
(IRS Employer |
Incorporation) |
File Number) |
Identification No.) |
4501 Cox Road, Glen Allen, Virginia
23060
(Address of Principal Executive Offices)
(Zip Code)
(804) 967-7000
(Registrant’s telephone number, including
area code)
Not Applicable
(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:
| ¨ | 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)) |
On December
12, 2014, TowneBank and Franklin Financial Corporation (“Franklin”) issued a joint press release announcing that the
Federal Deposit Insurance Corporation and the Virginia State Corporation Commission have approved the regulatory applications filed
in connection with TowneBank’s acquisition of Franklin and Franklin’s wholly-owned subsidiary Franklin Federal Savings
Bank. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein
by reference.
| Item 9.01 | Financial Statements and Exhibits. |
The following exhibit is filed herewith:
Exhibit No. |
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Description of Exhibit |
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99.1 |
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Press release issued jointly by TowneBank and Franklin Financial Corporation on December 12, 2014. |
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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 thereunto duly authorized.
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FRANKLIN FINANCIAL CORPORATION |
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Date: December 15, 2014 |
By: |
/s/ Richard T. Wheeler, Jr. |
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Richard T. Wheeler, Jr. |
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Chairman, President and |
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Chief Executive Officer |
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Exhibit 99.1
News Release
FOR IMMEDIATE RELEASE
For more information contact:
G. Robert Aston, Jr., Chairman and CEO,
757-638-6780 or 757-418-3215
Richard T. Wheeler, Jr., Franklin Financial
Corp. Chairman, President and CEO, (804) 967-7018
Clyde E. McFarland, Jr., Senior Executive
Vice President and CFO, 757-638-6801
William B. Littreal, Chief Investment Relations
Officer and COO, 757-638-6813
TOWNEBANK AND FRANKLIN FINANCIAL CORPORATION
RECEIVE REGULATORY APPROVALS FOR MERGER
Suffolk, Va. & Richmond, Va. - Hampton Roads-based
TowneBank (the “Company”) (NASDAQ: TOWN) and Richmond-based Franklin Financial Corporation (“Franklin”)
(NASDAQ: FRNK) today announced that the Federal Deposit Insurance Corporation and the Virginia State Corporation Commission have
approved the regulatory applications filed in connection with the Company’s acquisition of Franklin and its wholly-owned
subsidiary Franklin Federal Savings Bank. The stockholders of TowneBank and Franklin have approved the transaction at separate
stockholder meetings and the acquisition is expected to be completed in early January 2015.
About TowneBank:
As one of the top community banks in Virginia and North Carolina,
TowneBank operates 28 banking offices serving Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, Virginia Beach,
Williamsburg, James City County and York County in Virginia along with Moyock, Grandy, Camden, Southern Shores, Corolla and Kill
Devil Hills in North Carolina. Towne also offers a full range of financial services through its controlled divisions and subsidiaries
that include Towne Investment Group, Towne Insurance Agency, TFA Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Prudential
Towne Realty, Towne 1031 Exchange, LLC, and Corolla Classic Vacations. Local decision-making is a hallmark of its hometown banking
strategy that is delivered through the leadership of each group’s President and Board of Directors. With total assets of
$4.97 billion as of September 30, 2014, TowneBank is one of the largest banks headquartered in Virginia.
About Franklin
As one of the largest and oldest community based financial institutions
serving Richmond and Central Virginia, Franklin operates eight banking offices and has assets of $1.1 billion. Franklin offers
a wide range of retail deposit and investment brokerage services and has been a leader in commercial real estate finance. ###
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