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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) September 19, 1996
1ST BERGEN BANCORP
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(Exact name of registrant as specified in its charter)
NEW JERSEY 0-27686 22-3409845
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
250 VALLEY BOULEVARD, WOOD-RIDGE, NEW JERSEY 07075
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (201) 939-3400
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Item 5. OTHER.
The Registrant issued a press release on September 19, 1996 announcing that
its Board of Directors had authorized a stock repurchase program, subject to
approval of the Office of Thrift Supervision ("OTS"), in which the Registrant
will seek to repurchase up to 5% of its outstanding common stock, subject to the
granting of a waiver from the OTS to permit the Registrant to repurchase shares
of its common stock within one year after the consummation of the conversion
from the mutual to stock form of ownership of South Bergen Savings Bank, the
Registrant's savings bank subsidiary.
Item 7. EXHIBITS.
The following exhibit is filed with this Current Report on Form 8-K.
EXHIBIT NO. DESCRIPTION
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99 Press Release dated September 19, 1996 announcing
the Registrant's Board of Directors' authorization of a
stock repurchase program, subject to approval of the OTS.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, 1st
Bergen Bancorp has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
1ST BERGEN BANCORP
(Registrant)
Dated: September 20, 1996 By: /S/ WILLIAM M. BRICKMAN
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William M. Brickman,
President and Chief
Executive Officer
Officer
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EXHIBIT INDEX
CURRENT REPORT ON FORM 8-K
EXHIBIT NO. DESCRIPTION PAGE NO.
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99 Press Release dated September 5
19, 1996 announcing the
Registrant's Board of Directors'
authorization of a stock
repurchase program, subject to
approval of the OTS.
Page 4 of 5
FOR IMMEDIATE RELEASE CONTACT: WILLIAM M. BRICKMAN
September 19, 1996 (201) 939-34000
1ST BERGEN BANCORP
ANNOUNCES AUTHORIZATION OF STOCK REPURCHASE PROGRAM
Wood-Ridge, NJ (September 19, 1996) . . . 1st Bergen Bancorp (Nasdaq:
FBER), the holding company for South Bergen Savings Bank, today announced that
its Board of Directors had authorized a stock purchase program, subject to
approval of the Office of Thrift Supervision ("OTS"). Under the program, the
Company will seek to repurchase up to 5% of its outstanding stock, or up to
158,700 shares. Implementation of the stock repurchase program is subject to the
granting of a waiver from the OTS to permit the Company to repurchase shares of
its stock within one year after consummation of the conversion from the mutual
to stock form of ownership by South Bergen Savings Bank, the Company's savings
bank subsidiary. Mr. William M. Brickman, the Company's President and Chief
Executive Officer, stated that he expected the application for a waiver to be
filed with the OTS shortly and that, based on the Company's capital position and
results of operation, he was hopeful that the waiver would be granted.
Headquartered in Wood-Ridge, New Jersey, South Bergen Savings Bank is a
federally chartered stock savings bank that conducts business from its
headquarters located in Wood-Ridge, New Jersey, and from its branch offices
located in East Rutherford and Wanaque, New Jersey. South Bergen Savings Bank's
deposits are insured by the Savings Association Insurance Fund (SAIF) of the
Federal Deposit Insurance Corporation (FDIC).
