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) September 16, 1996
FIRST COLORADO BANCORP, INC.
(Exact name of Registrant as specified in its Charter)
Colorado 0-27126 84-1320788
(State or Other Jurisdiction (Commission (IRS Employer
Jurisdiction of Incorporation) File Number) Identification No.)
215 South Wadsworth Boulevard, Lakewood, Colorado 80226
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (303) 232-2121
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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FIRST COLORADO BANCORP, INC.
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
The Registrant announced that its Board of Directors had adopted a stock
repurchase program and received a letter of non- objection from the Office of
Thrift Supervision with respect to the repurchase program to repurchase up to an
additional 5% of the outstanding shares of the common stock of the registrant
during the period ending December 31, 1996.
A copy of a press release issued September 16, 1996 by the Registrant is
attached hereto as Exhibit 99 and is incorporated herein by reference in its
entirety.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
(c) Exhibits:
99 Press Release dated September 16, 1996.
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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, thereunto duly authorized.
FIRST COLORADO BANCORP, INC.
Date: September 17, 1996 By: /s/ Brian L. Johnson
Brian L. Johnson
Vice President and Treasurer
EXHIBIT 99
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N E W S
(303) 232-2121
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For Immediate Release:
September 16, 1996
FIRST COLORADO BANCORP, INC. ANNOUNCES
STOCK REPURCHASE PROGRAM
Lakewood, Colorado - Mr. Malcolm E. Collier, Jr., Chairman of First Colorado
Bancorp, Inc., Lakewood, Colorado (the "Company"), the holding company of First
Federal Bank of Colorado (the "Bank"), announced today that the Office of Thrift
Supervision ("OTS") has approved a second stock repurchase program ("Program")
providing for the repurchase of up to 5% of its 19,127,844 shares of Common
Stock. Shares may be purchased in the open market during the period ending
December 31, 1996, subject to the availability of stock, market conditions, the
trading price of the stock and the Company's financial performance. Repurchased
shares will be held as treasury shares and will be utilized for general
corporate purposes, including the issuances of shares in connection with the
exercise of stock options awarded under the Company stock benefit plans. The
Company completed the repurchase of an initial 5% of its outstanding shares in
the open market on August 9, 1996.
The Company is a unitary savings and loan holding company which owns all of the
outstanding stock of the Bank. The Bank is a community-oriented, retail savings
institution offering traditional deposit and mortgage loan products. The Bank
primarily serves the Colorado counties of Denver, Adams, Arapahoe, Jefferson,
Boulder, Douglas, Mesa, Delta and Montrose through a network of 26 offices,
providing a full range of retail banking services, with emphasis on one-to-four
family residential mortgages. Deposits at the Bank are insured up to the maximum
permissible amount by the Federal Deposit Insurance Corporation ("FDIC"). The
Corporation's common stock is traded on the Nasdaq National Market under the
symbol "FFBA".
For further information, please contact Brian Johnson or Bill Marcoux at (303)
232-2121.
215 South Wadsworth Boulevard, Lakewood, Colorado 80226
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FIRST COLORADO BANCORP, INC.
