Item 1.01. Entry into a Material Definitive Agreement
On April 3, 2009 the Company's subsidiaries, California First Leasing
Corporation and Amplicon, Inc. ("Leasing Companies"), entered into Amendment No. 3
("Amendment") to the Loan Agreement ("Agreement") with Bank of America ("BofA").
The Amendment reduces the available line of credit to $15,000,000, extends the term
of the Agreement to March 31, 2010 subject to all of the termination provisions of
the original Agreement and amends certain terms and a covenant. At this time there
are no borrowings under this Agreement.
In accordance with General Instruction B.2 of Form 8-K, the information in this
Current Report on Form 8-K shall not be deemed to be "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
or otherwise subject to the liability of that section, and shall not be
incorporated by reference into any registration statement or other document filed
under the Securities Act of 1933, as amended, or the Exchange Act, except as shall
be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
10.9 Amendent No. 3 dated April 3, 2009 to the Loan Agreement with Bank
of America.
Pursuant to 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.
CALIFORNIA FIRST NATIONAL BANCORP
S. Leslie Jewett /s/
S. Leslie Jewett
Chief Financial Officer
Date: April 6, 2009