Item 2.02. Results of Operations and Financial Conditions. *
On January 21, 2021, National Bank Holdings Corporation ("NBHC") issued a press
release announcing its financial results for the quarter ended December 31,
2020, which press release is furnished as Exhibit 99.1 hereto and is
incorporated herein by reference.
Item 2.05. Costs Associated With Exit or Disposal Activities. *
On January 21, 2021, National Bank Holdings Corporation (the "Company")
announced its decision to consolidate seven of its banking center locations
primarily in its Community Banks of Colorado market, with one location in its
Bank Midwest market and one in its Hillcrest Bank market. The Company plans to
integrate these locations into other banking centers within its network. These
actions are a result of the Company's continued focus on balancing physical
locations and digital banking channels, driven by increased client usage of
online and mobile banking and a commitment to further invest in digital banking
technology. The Company expects to complete a substantial majority of these
actions by June 30, 2021.
The Company anticipates annual expense savings of approximately $2.2 million
upon completion of these consolidations. The Company expects to incur total
pre-tax expense related to the consolidations of approximately $1.3 million,
including approximately $1.2 million related to facilities expense. The Company
expects to recognize the majority of these expenses during the first quarter of
2021, with the remainder incurred by the end of the second quarter of 2021.
Item 2.06. Material Impairments. *
The information contained in Item 2.05 above relating to asset impairment
charges is incorporated into this Item 2.06 by reference.
Item 7.01. Regulation FD Disclosure. *
On January 21, 2021, NBHC issued, distributed, made available to investors, and
posted on its website, the press release and accompanying financial tables
reflecting its financial results for the quarter ended December 31, 2020, also
furnished as Exhibit 99.1 hereto and incorporated herein by reference.
On January 21, 2021, NBHC issued, distributed, made available to investors, and
posted on its website, a Supplemental Disclosure document, also furnished as
Exhibit 99.2 hereto and incorporated herein by reference.
2
Item 9.01. Financial Statements and Exhibits. *
(d) Exhibits
Exhibit No. Description of Exhibit
99.1 Press release dated January 21, 2021
99.2 Supplemental Disclosure dated January 21, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document and contained in Exhibit 101)
*The information contained in Items 2.02, 2.05, 2.06, 7.01 and 9.01 of this
Current Report on Form 8-K is being "furnished" and shall not be deemed "filed"
for purposed of Section 18 of the Securities Exchange Act of 1934, as amended,
nor shall it be deemed incorporated by reference in any registration statement
or other filings of the Registrant under the Securities Act of 1933, as amended,
except as shall be set forth by specific reference in such filing.
3
© Edgar Online, source Glimpses