FIRST COLORADO BANCORP INC
8-K, 1998-07-21
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       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)
                                  July 13, 1998





                          FIRST COLORADO BANCORP, INC.
             -------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)



       Colorado                       0-27126             84-1320788
- ----------------------------       --------------        --------------
(State or other jurisdiction       (SEC File No.)        (IRS Employer
     of incorporation)                                   Identification
                                                            Number)


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)





<PAGE>


                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------



Item 5.  Other Events
         ------------

         The   Registrant   announced   that   its   stockholders   approved   a
reorganization  and merger agreement by and among First Colorado Bancorp,  Inc.,
Commercial Federal Corporation,  First Federal Bank of Colorado,  and Commercial
Federal Bank.

         A copy of a press  release  issued July 13, 1998 by the  Registrant  is
attached hereto as Exhibit 99.1 and is  incorporated  herein by reference in its
entirety.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits
- ---------------------------------------------------------------------------


Exhibit 99.1 -- Press release  concerning  stockholder  approval  dated July 13,
- ------------    1998.






<PAGE>



                                   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.

                                    FIRST COLORADO BANCORP, INC.



Date:  July 21, 1998                   By:   /s/ Brian L. Johnson
                                          --------------------------------------
                                          Brian L. Johnson
                                          Executive Vice President and Treasurer








                                  EXHIBIT 99.1


<PAGE>



                              ---------------------

                                  N o E o W o S

                             ----------------------

(303) 232-2121
- --------------------------------------------------------------------------------
For Immediate Release:


                                  July 13, 1998

     First Colorado Bancorp,  Inc. ("First  Colorado") held a special meeting of

stockholders today, during which the stockholders  approved a reorganization and

merger  agreement by and among First Colorado,  Commercial  Federal  Corporation

("Commercial"), First Federal Bank of Colorado ("First Federal"), and Commercial

Federal Bank ("Bank")  pursuant to which First  Colorado will be merged with and

into Commercial and subsequently  First Federal will be merged with and into the

Bank. The transaction is expected to close in August 1998.

         First Colorado  trades on the Nasdaq  National  Market under the Symbol
"FFBA".

         For  further  information,  contact  Bill  Marcoux or Brian  Johnson at

303-232-2121.




215 South Wadsworth Boulevard, Lakewood, Colorado 80226
- --------------------------------------------------------------------------------

                            F  C  B  I    First Colorado
                            |_||_||_|     Bancorp, Inc.





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