-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M8GOB8EZuIXaNnV5A0buSsPiB6FO8mOc8BA1bYMHn75vb4g10oIdmnGhhtYQ8VGF 8q5ZhftRjoDHXqX+xO2b+Q== 0000950005-01-500065.txt : 20010509 0000950005-01-500065.hdr.sgml : 20010509 ACCESSION NUMBER: 0000950005-01-500065 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010430 ITEM INFORMATION: FILED AS OF DATE: 20010508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTH BAY BANCORP/CA CENTRAL INDEX KEY: 0001102595 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 680434802 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-93537 FILM NUMBER: 1624841 BUSINESS ADDRESS: STREET 1: 1500 SOSCOL AVE CITY: NAPA STATE: CA ZIP: 94559 BUSINESS PHONE: 7072578500 MAIL ADDRESS: STREET 1: 1500 SOSCOL AVE CITY: NAPA STATE: CA ZIP: 94559 8-K 1 p135648k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 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) April 30, 2001 ----------------------- NORTH BAY BANCORP - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) 0-31080 -------------------------------------- (Commission File Number) California 68-0434802 - --------------------------------------- -------------------------------- (State or other jurisdiction of (IRS Employer incorporation) Identification No.) 1500 Soscol Avenue, Napa, California 94559-3045 - --------------------------------------- --------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (707) 257-8585 ------------------------------ N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. ------------ Earnings Release. On April 30, 2001, North Bay Bancorp issued a press release announcing its earnings for the quarter ended March 31, 2001. A copy of the press release is attached to this Current Report as Exhibit 99.1 and incorporated into this report by reference. Item 7. Financial Statements and Exhibits. --------------------------------- (b) Exhibits 99.1 Press release announcing North Bay Bancorp's earnings for the quarter ended March 31, 2001. 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: May 2, 2001 NORTH BAY BANCORP /s/ Kathi Metro -------------------------------------------- By: Kathi Metro Executive Vice Presidenet EX-99 2 p13564ex99-1.txt PRESS RELEASE Exhibit 99.1 P R E S S R E L E A S E April 30, 2001 North Bay Bancorp, Holding Company for The Vintage Bank and Solano Bank, has announced first quarter 2001 earnings. The Company earned $554,042, or $.28 per share, for the three months ended March 31, 2001, compared with earnings of $670,886, or $.39 per share, for the first quarter of 2000. Total assets were $275,253,691 as of March 31, 2001, representing a 29% increase from a year earlier. Deposits increased 29% during the year, while loans outstanding increased 22%. The percentage decline in earnings per share exceeds the 17% decline in consolidated earnings due to the issuance of an additional 227,273 shares pursuant to the Company's stock offering in the second quarter of 2000. President & CEO Terry Robinson noted that the decrease in first quarter earnings for year 2001 compared with 2000 was anticipated. "We have made significant investments in technology and people in establishing a foundation for future growth. Additionally, Solano Bank, typical of new banks, is generating significant losses at this stage of its economic life. We are very pleased with the new Bank's growth and anticipate that the impact of Solano Bank losses on our consolidated earnings will ease progressively over the remaining three quarters of 2001. We continue to project that Solano Bank will reach break-even operations in the first quarter of 2002." Stock of North Bay Bancorp is quoted on the Over-The-Counter (OTC) Bulletin Board, Symbol NBAN.OB. - -------------------------------------------------------------------------------- This press release contains forward-looking statements with respect to the financial condition, results of operation and business of North Bay Bancorp and its subsidiaries. These include, but are not limited to, statements that relate to or are dependent on estimates or assumptions relating to the prospects of loan growth, credit quality and certain operating efficiencies resulting from the operations of The Vintage Bank and Solano Bank. These forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressure among financial services companies increases significantly; (2) changes in the interest rate environment reduce interest margins; (3) general economic conditions, internationally, nationally or in the State of California are less favorable than expected; (4) legislation or regulatory requirements or changes adversely affect the business in which the combined organization will be engaged; and (5) other risks detailed in the North Bay Bancorp reports filed with the Securities and Exchange Commission. Questions regarding this press release should be directed to Terry L. Robinson (707) 258-3969. -----END PRIVACY-ENHANCED MESSAGE-----