-----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, HdKtzwY2CrAPALyMNR+HBurQqx4Ss9R8bT4rXjyGwFdz4aeurzQaRhjTyqyWgIld hKIuG2yrMougSUnEpWNRhw== 0000912057-97-013379.txt : 19970418 0000912057-97-013379.hdr.sgml : 19970418 ACCESSION NUMBER: 0000912057-97-013379 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970411 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970417 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: REGENCY BANCORP CENTRAL INDEX KEY: 0000927718 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 770378956 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-82150 FILM NUMBER: 97582725 BUSINESS ADDRESS: STREET 1: 7060 N FRESNO CITY: FRESNO STATE: CA ZIP: 93720 BUSINESS PHONE: 2094382600 MAIL ADDRESS: STREET 1: PO BOX 16279 CITY: FRESNO STATE: CA ZIP: 93755-6279 8-K 1 8-K 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) April 11, 1997 REGENCY BANCORP (Exact name of registrant as specified in its charter) California 33-82150 77-0378956 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 7060 N. Fresno, Fresno, California 93720 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (209) 438-2600 Not Applicable (Former name or former address, if changed since last report). Page 1 of 7 pages The Exhibit Index is on Page 4. 1 Item 5. OTHER EVENTS. None Item 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS None Item 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) FINANCIAL STATEMENTS. Not Applicable. (b) PRO FORMA FINANCIAL INFORMATION. Not Applicable. (c) EXHIBITS. (99.1) Press Release dated April 14, 1997. (99.2) Shareholder Letter dated April 11, 1997. 2 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. REGENCY BANCORP Date: April 14, 1997 Steven F. Hertel /s/ -------------------------------- Steven F. Hertel President 3 EXHIBIT INDEX Sequential Exhibit No. Description Page No. - ----------- ----------- -------- 99.1 Press Release dated 5-6 April 14, 1997 99.2 Shareholder Letter dated 7 April 11, 1997 4 EXHIBIT 99.1 FOR IMMEDIATE RELEASE Contact: Wil Goodrich, Vice President-Director of Marketing (209) 438-2600 REGENCY BANCORP DIRECTOR LEAVING BOARD Fresno, April 14 -- Gary McDonald, a founding member of the board of Regency Bank and its parent holding company, Regency Bancorp, announced his decision to not stand for election at the upcoming annual meeting next month. In speaking to his fellow directors at their last meeting, McDonald reminded the board that in 1988, he told them he was going to be leaving in 1993, at age 50, to have more time for his family and to pursue other long-deferred plans. "That decision was postponed," he said, "due to the pressures of the divestiture of Regency Service Corporation (RSC), a federally mandated action. I felt it would be appropriate to stay until it was substantially completed." McDonald, who was Regency's first chairman when the company was formed in Fresno in 1980, stepped down from that position last November to devote more board time to the divestiture of RSC's real estate investment activities. In a letter to shareholders this week, announcing McDonald's decision, Steve Hertel, chairman, president and chief executive officer of the holding company and bank noted that, "Gary . . . has faithfully served Regency since its organization in 1980. Under his leadership, we became a state chartered commercial bank; formed Regency Service 5 Corporation (RSC), Regency Investment Advisors, Inc., and, in March of 1995, a new holding company, Regency Bancorp." Hertel concluded his letter by saying, "It's with sadness we report Gary's decision to you. However we're extremely pleased that he will continue to have a vital interest in Regency Bancorp as a shareholder. We also welcome his decision to assist us with the construction and sale of selected homes and lots in RSC's inventory." While announcing his decision to the board, McDonald reflected on his long tenure with the company, "Serving Regency Bank and its shareholders over the last 18 years was a high honor and great privilege. In particular, it was a pleasure to work with such devoted board members and the professional staff and management throughout the company. "The most gratifying professional experience I had was to see the growth of Regency Bank. Its increase in assets and the resulting service to the community was a big part of this rewarding experience. However, the personal development of the staff, management, and the board of directors has been the highlight." # # # April 14, 1997 6 April 11, 1997 EXHIBIT 99.2 Dear Regency Shareholders: It's always difficult notifying friends and fellow shareholders when one of Regency Bancorp's founding directors decides to retire or leave the board. At our last board meeting, Gary McDonald informed his friends and colleagues that he has made the tough decision to not stand for election at the company's 18th annual meeting, May 13, 1997. Gary, who was our first board chairman, has faithfully served Regency since its organization in 1980. Under his leadership, we became a state chartered commercial bank; formed Regency Service Corporation (RSC), Regency Investment Advisors, Inc., and, in March of 1995, a new holding company, Regency Bancorp. In announcing his decision, Gary reminded the board that in 1988, he told them he was going to be leaving in 1993, at age 50, to have more time for his family and to pursue other long-deferred plans. That decision was postponed, he continued, due to the pressures of the divestiture of RSC, a federally mandated action. "I felt it would be appropriate to stay until it was substantially completed," he added. In speaking to the board, Gary shared these observations, "Serving Regency Bank and its shareholders over the last 18 years was a high honor and great privilege. In particular, it was a pleasure to work with such devoted board members and the professional staff and management throughout the company." Mr. McDonald also commented on what his service to Regency meant to him, stating that the most gratifying professional experience he's had was to see the growth of Regency Bank. The increase in assets, he explained, and the resulting service to the community was a big part of this rewarding experience. However, the personal development of the staff, management, and the board of directors has been the highlight. It's with sadness we report Gary's decision to you. However we're extremely pleased that he will continue to have a vital interest in Regency Bancorp as a shareholder. We also welcome his decision to assist us with the construction and sale of selected homes and lots in RSC's inventory. Sincerely, Steven F. Hertel /s/ - -------------------- Steven F. Hertel Chairman of the Board President and Chief Executive Officer P.S. Your annual report, proxy materials, and proxy card will be mailed in about one week. 7 [LOGO] April 14, 1997 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Attention: Filing Desk Re: Regency Bancorp - Current Report on Form 8-K -------------------------------------------- Ladies and Gentlemen: Enclosed for filing on behalf of Regency Bancorp is the Current Report on Form 8-K filed via EDGAR. Please call me if you have any questions. Very truly yours, Debbie Cameron /s/ Debbie Cameron Administrative Assistant Regency Bank Enclosures cc: Glenn T. Dodd - Bronson, Bronson & McKinnon [FOOTER] -----END PRIVACY-ENHANCED MESSAGE-----