8-K: Current report filing
Published on February 1, 1996
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
Date of Report (Date of Earliest Event Reported): December 21, 1995
NATIONSBANK CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
North Carolina 1-6523 56-0906609
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(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
NationsBank Corporate Center, Charlotte, North Carolina 28255
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(Address of Principal Executive Offices) (Zip Code)
(704) 386-5000
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(Registrant's Telephone Number, including Area Code)
ITEM 5. OTHER EVENTS.
Release of Fiscal Year Earnings. On January 16, 1996, the
Registrant announced financial results for the fiscal year ended
December 31, 1995, reporting net income of $1.95 billion and
earnings per common share of $7.13. A copy of the press release
announcing the results of the Registrant's fiscal year ended
December 31, 1995 is included as Exhibit 99.1 hereto.
Recent Acquisitions. On December 21, 1995, the Registrant
completed the acquisition of North Florida Bank Corporation
("NFBC"). As of September 30, 1995, NFBC had assets of
approximately $52 million and deposits of approximately $47
million. The Registrant exchanged 0.7797 shares of its common
stock for each outstanding share of NFBC common stock. As a
result, the Registrant issued an aggregate of approximately 103,000
shares of its common stock in the NFBC acquisition.
On January 9, 1996, the Registrant completed the acquisition
of Bank South Corporation ("BKSO"). As of September 30, 1995, BKSO
had assets of approximately $7.7 billion and deposits of
approximately $5 billion. The Registrant exchanged 0.44 shares of
its common stock for each outstanding share of BKSO common stock.
As a result, the Registrant issued an aggregate of approximately 26
million shares of its common stock in this acquisition. A copy of
the press release announcing the consummation of this acquisition
is included as Exhibit 99.2 hereto.
On January 10, 1996, the Registrant completed the acquisition
of CSF Holdings, Inc. ("CSF"). As of September 30, 1995, CSF had
assets of approximately $4.8 billion and deposits of approximately
$3.7 billion. The purchase price approximated $516 million,
payable in cash.
On January 31, 1996, the Registrant completed the acquisition
of Sun World, N.A. ("Sun World"). As of September 30, 1995, Sun
World had assets of approximately $130 million and deposits of
approximately $110 million. The purchase price approximated $16
million, payable in cash.
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ITEM 7. EXHIBITS.
The following exhibits are filed herewith:
Exhibit No. Description of Exhibit
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99.1 Press Release dated January 16, 1996 with
respect to the Registrant's financial
results for the fiscal year ended December
31, 1995.
99.2 Press Release dated January 9, 1996 with
respect to the Registrant's acquisition of
Bank South Corporation.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
NATIONSBANK CORPORATION
By: /s/ Marc D. Oken
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Marc D. Oken
Chief Accounting Officer
Dated: February 1, 1996
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
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99.1 Press Release dated January 16, 1996
with respect to the Registrant's
financial results for the fiscal year
ended December 31, 1995.
99.2 Press Release dated January 9, 1996
with respect to the Registrant's
acquisition of Bank South
Corporation.