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) October 7, 2003
(October 6, 2003)
UnionBancorp, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-28846 36-3145350
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State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
321 West Main Street, Ottawa, IL 61350
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(Address of principal executive offices)(Zip Code)
(815) 431-2720
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Registrant's telephone number, including area code
Item 5. Other Events
On Monday, October 6, 2003, the Company issued a press release
announcing that the two impaired commercial credits previously
identified in the Company's August 14, 2003 press release and
June 30, 2003 Form 10-Q have further deteriorated in the third
quarter. As a result of the continued deterioration of these
two loan relationships, the Company will specifically provide
$3.5 million (or approximately $0.53 per fully diluted share,
net after-tax) to its allowance for loan losses during the
third quarter of 2003 for the losses incurred on these two
credits. The test of the October 6, 2003 press release is
attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
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None.
(b) Pro Forma Financial Information.
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None.
(c) Exhibits.
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99.1 Press Release dated October 6, 2003.
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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.
UNIONBANCORP, INC.
Dated: October 7, 2003 /s/ DEWEY R. YAEGER
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Dewey R. Yaeger
Interim President and
Principal Executive Officer
Dated: October 7, 2003 /s/ KURT R. STEVENSON
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Kurt R. Stevenson
Vice President and Principal Financial and
Accounting Officer
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EXHIBIT INDEX
Exhibit Number
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99.1 Press Release, dated October 6, 2003 issued by UnionBancorp, Inc.
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