-----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, Tqf8/T0dZrLdwOMToZ/gn3Oo74dg0sqcFYhO+lfhsVqTM0WUUXug0LWGXbo2tTtm auLrTcGC/PSGUSovuRijWQ== 0000950005-02-000668.txt : 20020610 0000950005-02-000668.hdr.sgml : 20020610 20020606214013 ACCESSION NUMBER: 0000950005-02-000668 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020606 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020607 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: 1934 Act SEC FILE NUMBER: 333-93537 FILM NUMBER: 02672863 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 form_8-k.txt JUNE 2002 CURRENT REPORT 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 Date of Report (Date of earliest event reported) June 6 , 2002 --------------------------- NORTH BAY BANCORP - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) California 0-31080 68-0434802 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) 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. ------------ Trust Preferred. On June __, 2002, North Bay Bancorp issued a press release announcing its plans for a $10 million participation in a trust preferred pooled transaction. 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 plans for a $10 million participation in a trust preferred pooled transaction. 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: June 6, 2002 NORTH BAY BANCORP /s/ Terry L. Robinson -------------------------------------------- Terry L. Robinson, President and Chief Executive Officer (Principal Executive Officer) EX-99.1 3 ex99-1.txt PRESS RELEASE Exhibit 99.1 NORTH BAY BANCORP Napa, California June 6, 2002 North Bay Bancorp, holding company for The Vintage Bank and Solano Bank, announced plans for a $10 million participation in a trust preferred pooled transaction. This transaction is scheduled to fund within approximately 30 days. President & CEO Terry Robinson noted that the funds from the issue, while possessing characteristics of a debt issue, qualify as capital for regulatory purposes. "This issue will provide our holding company with additional liquidity and assure us of maintaining sufficient regulatory capital to support our ambitious growth plans for The Vintage Bank and Solano Bank. Also, the liquidity and regulatory capital provided by the issue could position us to take advantage of an unanticipated expansion or acquisition opportunity that might arise in the future. The features of a trust preferred issue enable us to maintain excess capital for regulatory purposes without diluting our existing shareholders' ownership percentages," stated Robinson. 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) 259-2346. -----END PRIVACY-ENHANCED MESSAGE-----