-----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, DvZw9lIO3qqmLn95RvyapiN+D/2BA114L3H+a/j54SDbmSWfs1l4BI6b7GfSRToR Is9pYIDkA9r19rB1MFBdlA== 0000942708-08-000054.txt : 20080211 0000942708-08-000054.hdr.sgml : 20080211 20080211122133 ACCESSION NUMBER: 0000942708-08-000054 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080205 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20080211 DATE AS OF CHANGE: 20080211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST CENTURY BANCORP. CENTRAL INDEX KEY: 0001124676 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 582554464 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16413 FILM NUMBER: 08591968 BUSINESS ADDRESS: STREET 1: 807 DORSEY STREET CITY: GAINESVILLE STATE: GA ZIP: 30501 BUSINESS PHONE: 7702978060 MAIL ADDRESS: STREET 1: 807 DORSEY STREET CITY: GAINESVILLE STATE: GA ZIP: 30501 FORMER COMPANY: FORMER CONFORMED NAME: NBOG BANCORPORATION INC DATE OF NAME CHANGE: 20000923 8-K 1 form8k-021108.htm 021108

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) February 5, 2008

First Century Bancorp.

(Exact name of registrant as specified in its charter)

Georgia

(State or other jurisdiction of incorporation)

001-16413

58-2554464

(Commission File Number)

(IRS Employer Identification No.)

 

807 Dorsey Street, Gainesville, Georgia

30501

(Address of principal executive offices)

(Zip Code)

(770) 297-8060
(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 (see General Instruction A.2. below):

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))

ITEM 1.02     TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT

First Century Bancorp. (the “Company”), a bank holding company, owns 100% of the outstanding common stock of First Century Bank, National Association (the “Bank”), which operates in the Gainesville, Georgia area. On August 18, 2004, the Bank entered into a formal written agreement with the Office of the Comptroller of the Currency (the “OCC”) which set forth a series of actions necessary to correct identified weaknesses. On February 5, 2008, the OCC issued a Termination of the Agreement by and between First Century Bank, National Association, Gainesville, Georgia and the Comptroller of the Currency pursuant to which the OCC determined that the protection of the depositors, other customers and shareholders of the Bank as well as the Bank’s safe and sound operation do not require the continued existence of the agreement. Accordingly, the OCC terminated the agreement on February 5, 2008.

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.
 
 

 

FIRST CENTURY BANCORP.
   
 

By: /s/ Sondra J. Perkins
 

Name: Sondra J. Perkins
 

Title: Controller
 
Dated: February 11, 2008

EXHIBIT INDEX
 
Exhibit

Number       Description
 

10.1            Termination of the Agreement by and between First Century Bank, National

                  Association, Gainesville, Georgia and the Comptroller of the Currency

 EX-10 2 ex10-1_021108.htm 021108

Exhibit 10.1

 

 

UNITED STATES OF AMERICA
DEPARTMENT OF THE TREASURY
OFFICE OF THE COMPTROLLER OF THE CURRENCY
 
TERMINATION OF THE
AGREEMENT BY AND BETWEEN
First Century Bank, National Association
Gainesville, GA
AND THE COMPTROLLER OF THE CURRENCY

        WHEREAS, in an effort to protect the depositors, other customers and shareholders of First

Century Bank, National Association, Gainesville, GA (Bank), and to ensure the Bank’s safe and

sound operation, the Bank and the Comptroller of the Currency of the United States of America

(Comptroller), entered into an Agreement, dated August 18, 2004; and

        WHEREAS, the Comptroller believes that the protection of the depositors, other customers

and shareholders of the Bank as well as its safe and sound operation do not require the continued

existence of said Agreement;

        NOW, THEREFORE, the Comptroller directs that the Agreement between the Bank and the

Comptroller be, and it hereby is, TERMINATED.

     IN TESTIMONY WHEREOF, the undersigned, designated by the Comptroller as his/her

authorized representative, has hereunto set his/her hand.

 

/s/ James F. DeVane, Jr.                                                              February 5, 2008

James F. DeVane, Jr.                                                                   Date
Assistant Deputy Comptroller
Georgia Field Office

 

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