Great Lakes Bancorp, Inc. - Current report filing (8-K)
December 19 2007 - 11:53AM
Edgar (US Regulatory)
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
|
Date
of Report (Date of earliest event reported):
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December
14, 2007
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GREAT
LAKES BANCORP, INC.
(Exact
name of Registrant as specified in its charter)
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Delaware
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001-14879
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94-3078031
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
incorporation)
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Identification
No.)
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2421
Main Street, Buffalo, New York
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14214
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (716)
961-1900
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Not
Applicable
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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 (
see
General
Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
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Item 1.01
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Entry
into a Material Definitive Agreement
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On December 14, 2007, Greater
Buffalo Savings Bank, the operating subsidiary of Great Lakes Bancorp,
Inc., and Cattaraugus County Bank entered into an agreement for the
sale
of Greater Buffalo’s two bank branches located in Lakewood and Dunkirk,
New York to Cattaraugus. Cattaraugus will purchase the real property,
improvements and equipment of the two branches for book value as of
the
month-end preceding the closing date and will assume the deposits of
the
branches, subject to the payment of a 3½% premium on core deposits as
defined in the agreement.
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A copy of this agreement
is
included as exhibit 99.1 to this report.
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Item 9.01
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Financial
Statements and Exhibits
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(d)
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Exhibits.
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Exhibit
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Number
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Description
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99.1
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Purchase
Agreement dated December 14, 2007
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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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GREAT
LAKES BANCORP, INC.
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Date:
December 19, 2007
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By:
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/s/
Michael J. Rogers
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Michael
J. Rogers
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Executive
Vice President and Chief Financial Officer
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(Principal
Financial and Principal Accounting
Officer)
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