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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 27, 1998
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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.
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The Registrant issued a press release on May 27, 1998, announcing that
its Board of Directors has adopted a stock buyback program pursuant to which the
Registrant will repurchase up to 5 percent of its outstanding common stock in
open market purchases or privately negotiated transactions.
Item 7. Exhibits.
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The following exhibit is filed with this Current Report on Form 8-K.
Exhibit No. Description
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99 Press Release dated May 27, 1998.
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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: May 29, 1998 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
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CURRENT REPORT ON FORM 8-K
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Exhibit No. Description
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99 Press Release dated May 27, 1998.
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EXHIBIT 99
PRESS RELEASE
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1ST BERGEN BANCORP ANNOUNCES STOCK BUYBACK
Wood-Ridge, New Jersey (May 27, 1998) . . . 1st Bergen Bancorp
announced today that its Board of Directors has adopted a stock buyback program
pursuant to which the Company will repurchase up to 5 percent of its outstanding
common stock. Repurchases will be made in the open market from time to time or
as otherwise permitted by applicable regulations. 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 "The continuance of our stock buyback program is an
integral part of our ongoing efforts to enhance shareholder value and a prudent
use of the Company's 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, New Jersey.
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