-----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, OOJ1lbrHzunOrQuTEzcxQ6f6i4qwwwLSEVikkVXG/Oe86yKP3Qk2CwKedZ7TCc7G lxWSbxd6JQVFosXPppy3yA== 0000092230-96-000025.txt : 19960904 0000092230-96-000025.hdr.sgml : 19960904 ACCESSION NUMBER: 0000092230-96-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960827 ITEM INFORMATION: Other events FILED AS OF DATE: 19960903 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN NATIONAL CORP /NC/ CENTRAL INDEX KEY: 0000092230 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 560939887 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10853 FILM NUMBER: 96625249 BUSINESS ADDRESS: STREET 1: 500 N CHESTNUT ST CITY: LUMBERTON STATE: NC ZIP: 28358 BUSINESS PHONE: 9196712000 MAIL ADDRESS: STREET 1: 500 NORTH CHESTNUT STREET CITY: LUMBERTON STATE: NC ZIP: 28358 8-K 1 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) September 3, 1996 SOUTHERN NATIONAL CORPORATION (Exact name or registrant as specified in its charter) Commission file number: 1-10853 North Carolina 56-0939887 (State of incorporation) (I.R.S. Employer Identification No.) 200 West Second Street Winston-Salem, North Carolina 27101 (Address of principle executive offices) (Zip Code) (910) 733-2000 (Registrant's telephone number, including area code) This Form 8-K has 5 pages. The sequential numbering of the pages is included on the bottom center. Page 1 ITEM 5. OTHER EVENTS. On September 3, 1996, Southern National Corporation, a North Carolina corporation, announced that it had completed the acquisition of Regional Acceptance Corporation, a North Carolina corporation. A copy of the press release is attached as Exhibit 99(a) hereto. Page 2 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS EXHIBIT NUMBER DESCRIPTION OF DOCUMENT 99(a) Press Release of Southern National Corporation dated September 3, 1996. Page 3 September 3, 1996 FOR IMMEDIATE RELEASE Contacts: ANALYSTS MEDIA B. Gloyden Stewart, Jr. Scott E. Reed Bob Denham Senior Vice President Senior Executive Vice President Vice President Investor Relations Chief Financial Officer Public Relations (919) 246-4219 (910) 733-3088 (910) 733-2202 Southern National completes acquisition of Regional Acceptance WINSTON-SALEM, N.C. -- Southern National Corporation (NYSE:SNB) completed today its acquisition of Regional Acceptance Corporation of Greenville, N.C., in a transaction accounted for as a pooling of interests. Regional Acceptance, which has 28 branch offices in North Carolina, South Carolina, Virginia and Tennessee, specializes in indirect financing for consumer purchases of mid-model and late-model used automobiles. Approximately 5.85 million shares of common stock of Southern National were issued in exchange for all the outstanding shares of Regional Acceptance. In response to recent prohibitions by the Securities and Exchange Commission against acquiring shares of common stock after a pooling of interests, Southern National, acting under authority granted by the Board of Directors, also announced that its share buyback program to repurchase up to 5 million shares of its common stock, approved by the Board in April 1995, has been amended. Approximately 1.7 million shares remaining under that program will be repurchased in the future only as needed for issuance in specific business combinations to be accounted for as purchases. Page 4 S I G N A T U R E 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. SOUTHERN NATIONAL CORPORATION (Registrant) By: /S/ SHERRY A. KELLETT Sherry A. Kellett Executive Vice President and Controller (Principal Accounting Officer) Date: September 3, 1996 Page 5 -----END PRIVACY-ENHANCED MESSAGE-----