Unassociated Document
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): November
6, 2009
TierOne
Corporation
(Exact
name of registrant as specified in its charter)
|
Wisconsin
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000-50015
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04-3638672
|
|
(State
or other
jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
1235 “N” Street,
Lincoln, Nebraska 68508
(Address
of principal executive offices, including zip code)
(402)
475-0521
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
_______________________
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:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
On
November 6, 2009, TierOne Corporation (the “Company”), the
holding company for TierOne Bank (the “Bank”), issued a
press release announcing that the closing date for the previously announced sale
of deposits, selected loans and other assets associated with 32 of the Bank’s
branch offices to Great Western Bank has been rescheduled from the earliest
possible date under the sale agreement of December 4, 2009 to the first quarter
of 2010. The closing of the transaction is subject to customary
conditions precedent, including regulatory approval, several of which conditions
are beyond the Company’s ability to control. The Company cannot
provide assurance that the conditions precedent will be satisfied.
A copy of
the press release is attached to this Current Report on Form 8-K as Exhibit 99.1
and is incorporated herein by reference.
Statements
contained in this report which are not historical facts may be forward-looking
statements as that term is defined in the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ materially from those
currently anticipated due to a number of factors. Factors which could
result in material variations include, but are not limited to, issues affecting
the proposed transaction with Great Western Bank, including that conditions
precedent to closing (including receipt of regulatory approval) may not be
satisfied; further deterioration in the Company’s loan portfolio or deposit
base; changes in interest rates or other competitive factors which could affect
net interest margins, net interest income and noninterest income; changes in
demand for loans, deposits and other financial services in the Company’s market
area; changes in asset quality and general economic conditions, including any
unanticipated issues that could impact management’s judgment as to the adequacy
of loan loss reserves; inability to achieve expected results pursuant to the
Company’s plan to address asset quality, restore long-term profitability and
increase capital; unanticipated issues associated with increases in the levels
of losses, customer bankruptcies, claims and assessments; events related to
compliance with the supervisory agreement with the Office of Thrift Supervision
or actions by regulators, including with respect to the adequacy of loan loss
reserves, charge-offs or regulatory capital; other issues that may arise
relative to loan loss provisions and charge-offs in connection with the
Company’s loan portfolio, as well as other factors discussed in documents filed
by the Company with the Securities and Exchange Commission from time to
time. These factors should be considered in evaluating the
forward-looking statements and undue reliance should not be placed on such
statements. The Company undertakes no obligation to update these
forward-looking statements to reflect events or circumstances that occur after
the date on which such statements were made.
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Item
9.01.
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Financial Statements
and Exhibits.
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The
following exhibit is attached to this Current Report on Form 8-K:
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99.1
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Press
Release of TierOne Corporation, dated November 6,
2009.
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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.
TIERONE
CORPORATION
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Date: November
9, 2009
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By:
/s/Gilbert G.
Lundstrom
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Gilbert
G. Lundstrom
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Chairman
of the Board and Chief Executive
Officer
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TIERONE
CORPORATION
Exhibit
Index to Current Report on Form 8-K
Exhibit
Number
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99.1
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Press
Release of TierOne Corporation, dated November 6,
2009.
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