|EX-99.1 - EXHIBIT 99.1 - CITIZENS SOUTH BANKING CORP||dex991.htm|
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|CNB CORP /MI/ - 10-K, Annual Report|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report: March 24, 2010
Citizens South Banking Corporation
(Exact Name of Registrant as Specified in Charter)
(State or other jurisdiction
|(Commission File Number)|| |
|519 South New Hope Road, Gastonia, North Carolina||28054-4040|
|(Address of Principal Executive Offices)||(Zip Code)|
Registrants telephone number, including area code: 704-868-5200
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):
|¨||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|¨||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|¨||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|¨||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c))|
|ITEM 7.01||Regulation FD Disclosure|
On March 24, 2010, Citizens South Banking Corporation (the Company) re-issued a slide presentation regarding the previously-announced transactions involving the Company and Citizens South Bank (the Bank), the wholly owned subsidiary of the Company, pursuant to which (i) the Bank acquired substantially all of the assets and assumed substantially all of the liabilities of Bank of Hiawassee, a Georgia state-chartered bank headquartered in Hiawassee, Georgia, from the Federal Deposit Insurance Corporation as receiver for Bank of Hiawassee and (ii) the Company raised, in the aggregate, approximately $15 million through direct sales to accredited investors of equity securities of the Company.
The re-issued slide presentation includes a revised slide entitled Deposit Composition 12/31/09. The entire slide presentation is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The re-issued slide presentation is deemed furnished to the Securities and Exchange Commission (the SEC), and not filed with the SEC, and shall not be deemed incorporated by reference by any general statement incorporating by reference this Current report into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and shall not otherwise be deemed filed under such Acts.
|ITEM 9.01||Financial Statements and Exhibits|
|99.1||Re-issued slide presentation, dated March 24, 2010.|
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.
|CITIZENS SOUTH BANKING CORPORATION|
|DATE: March 24, 2010||By:|
|Paul L. Teem, Jr.|
|Executive Vice President and Secretary|
|(Duly Authorized Officer)|