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)   April 14, 2008

 

EPIC BANCORP

(Exact name of registrant as specified in its charter)


 

 

 

 

 

California

 

000-50878

 

68-0175592

(State or other jurisdiction of
incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)


 

 

 

630 Las Gallinas Ave, San Rafael California

 

94903

(Address of principal executive offices)

 

(Zip Code)

Registrant’s telephone number, including area code (415) 526-6400

N/A
(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 (see General Instruction A.2. below):

 

 

 

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 1.01 Entry into a Material Definitive Agreement.

On April 14, 2008, the floating interest rate on the $5 million credit facility that Epic Bancorp (the “Company”) obtained on March 28, 2008 was reduced from a rate of three-month LIBOR plus 2.75 percent to three month LIBOR plus 2.25 percent. The current interest rate on the credit facility was reduced from 5.45 percent to 4.95 percent. All other terms and conditions of the credit facility remain as previously disclosed.

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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.

 

 

 

Date: April 18, 2008

 

EPIC BANCORP

 

 

 

 

 

/s/ Michael E. Moulton

 

 

 

 

Michael E. Moulton, Chief Financial Officer

 

 

(Principal Financial Officer)

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