Attached files
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| EX-10.1 - EXHIBIT 10.1 - TWO RIVER BANCORP | ex10_1.htm |
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
October 26, 2011
Date of Report (Date of earliest event reported)
COMMUNITY PARTNERS BANCORP
(Exact name of registrant as specified in its charter)
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New Jersey
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000-51889
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20-3700861
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Ident. No.)
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1250 Highway 35 South, Middletown, New Jersey
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07748
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(Address of principal executive offices)
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(Zip Code)
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(732) 706-9009
Registrant’s telephone number, including area code
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N/A
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(Former name or former address, if changed since last report.)
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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:
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))
On October 26, 2011, Community Partners Bancorp (the “Company”) entered into a letter agreement (the “Warrant Repurchase Agreement”) between the Company and the United States Department of the Treasury (“Treasury”). Pursuant to the Warrant Repurchase Agreement, the Company repurchased from Treasury a warrant to purchase 311,971.6 shares of the Company's common stock, no par value, at an exercise price of $4.328 per share (the “Warrant”), issued to Treasury on January 30, 2009, in connection with the Company's participation in the TARP Capital Purchase Program. The Company paid an aggregate purchase price of $460,000 for the repurchase of the Warrant, which has been canceled. The above discussion is a summary only, and is qualified in all respects by the specific terms of the Warrant Repurchase Agreement, which is attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
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10.1
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Letter Agreement, dated October 26, 2011, between Community Partners Bancorp and the United States Department of the Treasury, with respect to the repurchase of the Warrant.
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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.
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COMMUNITY PARTNERS BANCORP
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Dated: November 1, 2011
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By:
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/s/ A. Richard Abrahamian
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A. Richard Abrahamian
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Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit Number
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Description
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10.1
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Letter Agreement, dated October 26, 2011, between Community Partners Bancorp and the United States Department of the Treasury, with respect to the repurchase of the Warrant.
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