Attached files
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EX-99.1 - PRESS RELEASE DATED FEBRUARY 1, 2010 - United Community Bancorp | v172836_ex99-1.htm |
EX-2.1 - BRANCH PURCHASE AGREEMENT - United Community Bancorp | v172836_ex2-1.htm |
EX-99.2 - PRESS RELEASE DATED JANUARY 29, 2010 - United Community Bancorp | v172836_ex99-2.htm |
EX-99.3 - PRESS RELEASE DATED JANUARY 28, 2010 - United Community Bancorp | v172836_ex99-3.htm |
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): January 28,
2010
UNITED COMMUNITY
BANCORP
(Exact
name of registrant as specified in its charter)
United States
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0-51800
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36-4587081
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(State
or other jurisdiction of
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(Commission
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(IRS
Employer
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||
incorporation
or organization)
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File
Number)
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Identification
No.)
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92 Walnut Street, Lawrenceburg,
Indiana
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47025
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (812)
537-4822
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))
Item
1.01 Entry
into a Material Definitive Agreement
On
February 1, 2010, United Community Bancorp, Inc. (the "Company") announced that
its subsidiary, United Community Bank ("United Community"), has entered into a
definitive agreement (the “Agreement”) with Integra Bank National Association
(“Integra”) under which United Community will purchase three banking offices of
Integra Bank Corporation’s wholly-owned bank subsidiary, Integra, located in
Osgood, Milan and Versailles, Indiana (the “Branches”). The agreement
provides that United Community will assume approximately $54.4 million of
deposit liabilities, as well as $38.6 million of branch loans and $12.4 million
of additional commercial and residential mortgage loans selected by United
Community that were originated in other Integra offices. United
Community will pay a 4.5% deposit premium on the deposit liabilities it assumes,
with the exception of municipal deposits that are issued after the date of the
agreement, which will be acquired at par, while the loans will be acquired at
their outstanding principal balance. United Community will not be
assuming any brokered deposits, Keogh accounts or certain other deposit
liabilities in the transaction. The three banking office premises
will be sold at their fair market value and all other fixed assets will be sold
at their book values.
The
foregoing summary of the Agreement is not complete and is qualified in its
entirety by reference to the full text of the Agreement and certain exhibits
attached thereto, a copy of which is attached hereto as Exhibit 2.1 and
incorporated by reference herein. The press release announcing the branch
purchases is attached as Exhibit 99.1.
Item
2.02 Results
of Operations and Financial Condition
On
January 29, 2010, United Community Bancorp (the “Company”) announced its
unaudited financial results for the three and six months ended December 31,
2009. For more information, reference is made to the Company’s press
release dated January 29, 2010, a copy of which is attached to this Report as
Exhibit 99.2 and is furnished herewith.
Item
8.01 Other Events
On
January 28, 2010, the Board of Directors of United Community Bancorp (the
“Company”) declared a cash dividend on the Company’s outstanding shares of
stock. The dividend of $0.10 per share will be paid on or about February 26,
2010 to stockholders of record on February 8, 2010. A copy of the
press release announcing the dividend declaration is attached hereto as Exhibit
99.3 and is incorporated herein by reference.
Item
9.01 Financial Statements and
Exhibits
(d) Exhibits
Number
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Description
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2.1*
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Branch
Purchase Agreement by and between Integra Bank National Association and
United Community Bank
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99.1
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Press
Release dated February 1, 2010
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99.2
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Press
Release dated January 29, 2010
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99.3
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Press
Release dated January 28, 2010
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*
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The
registrant has omitted schedules and similar attachments to the subject
agreement pursuant to Item 601(b) of Regulation S-K. The registrant will
furnish a copy of any omitted schedule or similar attachment to the United
States Securities and Exchange Commission upon
request.
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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.
UNITED
COMMUNITY BANCORP
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(Registrant)
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Date:
February 1, 2010
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By:
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/s/ William F. Ritzmann |
William
F. Ritzmann
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President
and Chief Executive
Officer
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