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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) April 21, 1997
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 April 21, 1997 announcing that
its Board of Directors has adopted a stock buyback program pursuant to which the
Registrant will repurchase 5% of its outstanding common stock in open market
purchases or privately negotiated transactions.
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 April 21, 1997.
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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
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(Registrant)
Dated: April 24, 1997 By: /s/ ALBERT E. GOSSWEILER
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Albert E. Gossweiler,
Executive Vice President
and Chief Financial
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 April 5
21, 1997.
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EXHIBIT 99
PRESS RELEASE
1ST BERGEN BANCORP ANNOUNCES STOCK BUYBACK
Wood-Ridge, New Jersey - 1st Bergen Bancorp announced today that its Board
of Directors has adopted a stock buyback program pursuant to which the Company
will repurchase 5% of its common stock in open market purchases or privately
negotiated purchases from time to time. The Company has received all necessary
regulatory clearances from the Office of Thrift Supervision to commence this
buyback program.
William M. Brickman, President and Chief Executive Officer of 1st Bergen
Bancorp, said that "This stock buyback program is another step in our continuing
goal of enhancing shareholder value. We believe the stock buyback program is a
prudent use of our capital."
1st Bergen Bancorp is the holding company for South Bergen Savings Bank.
South Bergen Savings Bank operates a traditional community thrift business from
its main office in Wood-Ridge, New Jersey and its branches in East Rutherford,
Wanaque and Montville. The Bank anticipates opening a fourth branch in Lincroft,
New Jersey in the second quarter 1997.
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