WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01
|
Completion of Acquisition or Disposition of Assets |
On October 26, 2016, Western New England Bancorp, Inc. filed a
Current Report on Form 8-K (the Original Report) reporting the
completion of its acquisition of Chicopee Bancorp, Inc.
(Chicopee) on October 21, 2016.
This Current Report on Form 8-K/A amends the Original Report to
provide the historical financial statements of Chicopee described
in Item 9.01(a) below and the unaudited pro forma financial
information described in Item 9.01(b) below.
| Item 9.01 | Financial Statements and Exhibits |
| (a) | Financial Statements of Businesses Acquired |
The audited consolidated balance sheets of Chicopee as of
December 31, 2015 and 2014, the audited consolidated statements
of income, and the related consolidated statements of operations,
comprehensive income (loss), changes in stockholders equity and
cash flows for each of the years in the three-year period ended
December 31, 2015, the notes related thereto and the Report of
Independent Registered Public Accounting Firm, dated March 11,
2016, are filed herewith as Exhibit 99.1 and are incorporated
into this Item 9.01(a) by reference.
The unaudited consolidated balance sheet of Chicopee as of June
30, 2016, the unaudited consolidated statements of income and
unaudited consolidated statements of comprehensive income for the
three and six months ended June 30, 2016 and 2015, the unaudited
consolidated statement of changes in stockholders equity for the
six months ended June 30, 2016 and 2015, the unaudited
consolidated statements of cash flows for the six months ended
June 30, 2016 and 2015, and the notes related thereto, are filed
herewith as Exhibit 99.2 and are incorporated into this Item
9.01(a) by reference.
| (b) | Pro Forma Financial Information |
The required unaudited pro forma combined financial information
as of and for the six-month period ended June 30, 2016 and for
the year ended December 31, 2015 is filed herewith as Exhibit
99.3 and is incorporated into this Item 9.01(b) by reference.
| (c) | Shell Company Transactions |
None.
| (d) | Exhibits. |
| ExhibitNo. | Description | ||
| 23.1 | Consent of Berry Dunn McNeil Parker, LLC | ||
| 99.1* |
Report of Independent Registered Public Accounting Firm, dated March11, 2016, audited consolidated balance sheets of Chicopee as of December 31, 2015 and 2014, and the related consolidated statements of operations, comprehensive income (loss), changes in stockholders equity and cash flows for each of the years in the three-year period ended December 31, 2015, and the notes related thereto |
||
| 99.2** |
Unaudited consolidated statement of financial condition of Chicopee as of June 30, 2016, the unaudited consolidated statements of income and unaudited consolidated statements of comprehensive income for the three and six months ended June 30, 2016 and 2015, the unaudited consolidated statement of changes in stockholders equity for the six months ended June 30, 2016 and 2015, the unaudited consolidated statements of cash flows for the six months ended June 30, 2016 and 2015, and the notes related thereto |
||
| 99.3 |
Unaudited pro forma combined financial information as of and for the six-month period ended June30, 2016 and for the year ended December31, 2015 |
_____________________________________
* Incorporated by reference to the Form10-K (File No.001-51996)
filed by Chicopee on March11, 2016
** Incorporated by reference to the Form10-Q (File No.001-51996)
filed by Chicopee on August 8, 2016
About WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB)
Western New England Bancorp, Inc., formerly Westfield Financial, Inc., is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products. It focuses on residential real estate lending, as well as servicing commercial customers, including commercial and industrial lending and commercial deposit relationships. In addition, it provides online banking services. It operates through over 21 banking offices located in Agawam, Chicopee, East Longmeadow, Feeding Hills, Holyoke, Ludlow, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts, and Granby and Enfield, Connecticut. It also has over 10 automated teller machine (ATM) locations in Holyoke, Southwick, Springfield, West Springfield and Westfield, Massachusetts. WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) Recent Trading Information
WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) closed its last trading session up +0.15 at 9.50 with 71,908 shares trading hands.