8-K
filed July 1, 2024, 7:59 PM ET
CIK 0001035976
M&A
confidence high
sentiment neutral
materiality 0.80
FNCB Bancorp, Inc.: M&A transaction — FNCB completes merger with Peoples Financial; FNCB stock to be delisted
FNCB Bancorp, Inc.
- Effective July 1, 2024, each FNCB share converted into 0.1460 shares of Peoples common stock; total consideration ~2.94M Peoples shares.
- FNCB common stock will be delisted from Nasdaq; deregistration to follow via Form 15.
- All FNCB directors and officers resigned; new board has 8 directors from each company; Louis DeNaples Sr. appointed Vice Chairman.
- FNCB Bank sold $3.0M of Peoples subordinated debt to Louis DeNaples Sr. and JJS Family Partnership at face value, approved by audit committee.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Coccia resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kathleen M. Lambert resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William G. Bracey resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph L. DeNaples resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Keith W. Eckel resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Louis A. DeNaples, Sr. resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gerard A. Champi resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas J. Melone resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Louis A. DeNaples, Jr. resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dominick L. DeNaples resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William P. Conaboy resigned as director at FNCB Bancorp, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gerard A. Champi, Louis A. DeNaples, Sr., Louis A. DeNaples, Jr., Joseph Coccia, William G. Bracey, William P. Conaboy, Dominick L. DeNaples, Joseph L. DeNaples, Keith W. Eckel, Kathleen M. Lambert and Thomas J. Melone tendered their resignations as members of the board of directors of FNCB and from all committees of the board on which they formerly served, effective as of the Effective Time.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
FNCB Bancorp, Inc. underwent a change of control involving Peoples Financial Services Corp. (closed 2024-07-01).
- Action
- change of control
- Counterparty
- Peoples Financial Services Corp.
- Closing
- 2024-07-01
Exact text from the filing
Effective July 1, 2024 (the “Closing Date”), FNCB Bancorp, Inc., a Pennsylvania corporation (“FNCB”), completed its previously announced merger with Peoples Financial Services Corp., a Pennsylvania corporation (“Peoples”), pursuant to the Agreement and Plan of Merger dated September 27, 2023 between Peoples and FNCB (the “Merger Agreement”).
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.