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NHTB > SEC Filings for NHTB > Form 8-K on 27-Mar-2013All Recent SEC Filings

Show all filings for NEW HAMPSHIRE THRIFT BANCSHARES INC | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Financial Stateme

Item 1.01 Entry into a Material Definitive Agreement.

On March 21, 2013, Lake Sunapee Bank, fsb (the "Bank"), a wholly owned subsidiary of New Hampshire Thrift Bancshares, Inc., entered into an amendment to purchase and sale agreement (the "Amendment") with Meredith Village Savings Bank ("Seller"), which amends the Purchase and Sale Agreement, dated February 15, 2013, between the Bank and Seller (the "Agreement"). The Amendment extends the closing date of the transaction from March 21, 2013, to a closing date no later than 10 business days following receipt of all required regulatory approvals, or as mutually agreed to by the parties. In the event the required regulatory approvals are not obtained within 120 days of the Amendment, the Agreement may be terminated by either the Purchaser or Seller, unless the parties mutually agree to waive such termination.

As previously announced, the Bank will acquire all of the shares of common stock of Charter Holding Corp. held by Seller for a total purchase price of $6.2 million in cash or its equivalent. Completion of the transaction is subject to closing conditions, including the receipt of all regulatory approvals by the Bank and the satisfactory completion of purchase accounting valuations by an independent third party.

The foregoing summary of the Amendment is qualified by reference to the copy of the Amendment filed as Exhibit 2.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are filed herewith:

  No.                                     Description

2.1          Amendment to Purchase and Sale Agreement, dated March 21, 2013,
             between Lake Sunapee Bank, fsb, and Meredith Village Savings Bank

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