JACKSONVILLE BANCORP, INC. (NASDAQ:JXSB) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
The proposal to adjourn the special meeting, if necessary, to solicit additional proxies if there were not sufficient votes present at the special meeting in person or by proxy to approve and adopt the Agreement and Plan of Merger and the merger, was not considered by stockholders based on the approval of Proposal 1 at the special meeting.
On May 22, 2018, the Company announced that the stockholders of the Company approved the merger agreement and the merger at its special stockholders’ meeting held on May 22, 2018. Subject to the receipt of the required regulatory approvals and the satisfaction of customary closing conditions, the merger is expected to close on May 31, 2018.
The press release announcing the approval of the merger agreement and the merger by the stockholders of the Company and the anticipated closing date of the merger is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| (a) | Financial statements of businesses acquired. Not Applicable. |
| (b) | Pro forma financial information. Not Applicable. |
| (c) | Shell company transactions: Not Applicable. |
The following Exhibit is attached as part of this report:
Jacksonville Bancorp, Inc. ExhibitEX-99.1 2 tv494850_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Jacksonville Bancorp,…To view the full exhibit click here
About JACKSONVILLE BANCORP, INC. (NASDAQ:JXSB)
Jacksonville Bancorp, Inc. is the bank holding company for Jacksonville Savings Bank (the Bank). The Bank is an Illinois-chartered savings bank. The Bank is engaged in the business of attracting retail deposits from the general public in its market area and using such funds, together with borrowings and funds from other sources, to originate mortgage loans secured by one- to four-family residential real estate, commercial and agricultural real estate, and home equity loans. The Bank also originates commercial and agricultural business loans, and consumer loans. It invests in the United States Government agency securities, bank-qualified, general obligation municipal issues and mortgage-backed securities issued or guaranteed by the United States Government or enterprises. Its principal sources of funds are customer deposits, proceeds from the sale of loans, short-term borrowings, funds received from the repayment and prepayment of loans and mortgage-backed securities.
