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) December 15, 2002
AMERICAN COMMUNITY BANCSHARES, INC.
(Exact name of Registrant as specified in its charter)
| North Carolina | 000-30517 | 56-2179531 | ||
| (State or other jurisdiction of incorporation) |
(Commission File No.) | (IRS Employer Identification number) |
4500 Cameron Valley Parkway, Suite 150, Charlotte, North Carolina 28211
(Address of principal executive offices)
Registrant’s telephone number, including area code (704) 225-8444
Not Applicable
(Former address of principal executive offices)
Item 5 Other Events.
On December 15, 2003, the Registrant issued trust preferred securities having an aggregate liquidation value of $10 million (the “Securities”). The Securities were issued through American Community Capital Trust II, Ltd., a special purpose subsidiary of the Registrant organized as statutory trust under the laws of the State of Connecticut.
The Registrant intends to use a portion of the proceeds from the sale of the Securities to fund the purchase price of FNB Banchsares, Inc., Gaffney, South Carolina and the remainder for general corporate purposes.
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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.
| AMERICAN COMMUNITY BANCSHARES, INC. | ||
| By: |
/s/ Randy P. Helton | |
| Randy P. Helton, President | ||
Dated: December 18, 2003
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EXHIBIT INDEX
| Exhibit Number |
Description of Exhibit | |
| 10.1 | Amended and Restated Declaration of Trust of American Community Capital Trust II, Ltd. | |
| 10.2 | Indenture | |
| 10.3 | Guarantee Agreement | |
| 10.4 | Form of Floating Rate Junior Subordinated Debenture of American Community Bancshares, Inc. (incorporated by reference to Exhibit A of the Indenture filed as Exhibit 10.2 herewith) | |
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