-----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, M3YUdmZK1O9P24SoMkNDtgzBKBFI3ZxESlLSwSim8iRVmTM8RDm1ORWceNRGUjbo JO79pSPFmQ9CHOQmlzxGpQ== 0001299933-04-000389.txt : 20040827 0001299933-04-000389.hdr.sgml : 20040827 20040827125527 ACCESSION NUMBER: 0001299933-04-000389 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040827 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040827 DATE AS OF CHANGE: 20040827 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DNB FINANCIAL CORP /PA/ CENTRAL INDEX KEY: 0000713671 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 232222567 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16667 FILM NUMBER: 041001582 BUSINESS ADDRESS: STREET 1: 4 BRANDYWINE AVE CITY: DOWNINGTOWN STATE: PA ZIP: 19335 BUSINESS PHONE: 6102691040 MAIL ADDRESS: STREET 1: 4 BRANDYWINE AVENUE CITY: DOWNINGTOWN STATE: PA ZIP: 19335 8-K 1 htm_562.htm LIVE FILING DNB Financial Corporation (Form: 8-K)  

 

UNITED STATES
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):   August 27, 2004

DNB Financial Corporation
__________________________________________
(Exact name of registrant as specified in its charter)

         
Pennsylvania   0-16667   23-2222567
_____________________
(State or other jurisdiction 		  _____________
(Commission 		  ______________
(I.R.S. Employer
of incorporation)   File Number)   Identification No.)
          
4 Brandywine Avenue, Downingtown, PA       19335
_________________________________
(Address of principal executive offices) 		      ___________
(Zip Code)
     
Registrant’s telephone number, including area code   (610) 269-1040

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Item 8.01. Other Events.

On August 27, 2004, DNB Financial Corporation announced that its Board of Directors declared a $0.13 cash dividend per share on its common stock and have increased the stock buy-back program from 175,000 shares to 325,000 shares. 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.

(c) Exhibit 99 DNB Financial Corporation press release dated August 27, 2004.





The information in this Form 8-K and Exhibit shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any such filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

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.

         
    DNB Financial Corporation
(Registrant)
          
August 27, 2004   By:   Henry F. Thorne
       
        Name: Henry F. Thorne
        Title: President and Chief Executive Officer

Exhibit Index


     
Exhibit No.   Description
 
EX-99
  Press Release, dated August 27, 2004
EX-99 2 exhibit1.htm EXHIBIT 1 EX-99

DNB Financial Corporation

     
For further information, please contact:
 
Bruce Moroney
CFO/ Senior Vice President
610-873-5253
 

FOR IMMEDIATE RELEASE

DNB Financial Corporation Announces
Expanded Stock Buyback Program and
Declares a $0.13 Cash Dividend

(August 27, 2004 — Downingtown, PA) DNB Financial Corporation, parent of DNB First, National Association, today announced that its Board of Directors has increased the repurchase authorization from 175,000 shares to 325,000 shares of its Common Stock over an indefinite period. The buyback, if fully completed, would reduce the number of outstanding shares by approximately 15%. Since the beginning of its buyback program in 2001, DNB has repurchased about 174,000 shares for about $4.0 million.

The repurchase will be conducted through open market or privately negotiated transactions. Shares purchased in the program will be held as treasury stock. “This share repurchase is an appropriate capital management tool to be used at this time and further supports our efforts to increase shareholder value,” said Henry F. Thorne, President and CEO. “It is also a reflection of our confidence in the Company’s future.”

In addition, the Board of Directors of DNB Financial Corporation, declared a cash dividend of $0.13 per share for the third quarter of 2004 to shareholders of record on September 10, 2004. The cash dividend will be paid on September 20, 2004.

DNB Financial Corporation is a bank holding company whose bank subsidiary, DNB First, is a commercial bank and a member of the FDIC. The Bank, headquartered in Downingtown, Chester County, Pennsylvania, has nine (9) full service offices. Through DNB Advisors, DNB First provides wealth management and trust services to individuals and businesses throughout Chester County. The Bank and its subsidiary, DNB Financial Services, Inc., make available certain nondepository products and services, such as securities brokerage, mutual funds, life insurance and annuities. Customers may also visit us on our website at http://www.dnbfirst.com.

Inquiries regarding the purchase of DNB Financial Corporation stock may be made through the market makers listed on our website at http://www.dnbfirst.com.

4 Brandywine Avenue • Downingtown, PA 19335-0904 • (610) 269-1040

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