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 23, 1997
WHG BANCSHARES CORPORATION
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(Exact name of Registrant as specified in its Charter)
Maryland 0-27606 52-1953867
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
1505 York Road, Lutherville, Maryland 21093
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 583-8700
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Not Applicable
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(Former name or former address, if changed since last Report)
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WHG BANCSHARES CORPORATION
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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On April 23, 1997, the Registrant announced that it had concluded the
repurchase of 76,952 shares totalling approximately 5% of its outstanding common
stock in the open market pursuant to a stock repurchase program announced by the
Registrant on April 15, 1997. The Registrant currently has 1,462,107 shares of
common stock outstanding.
For further details, reference is made to the Press Release dated April
23, 1997, which is attached hereto as Exhibit 99.1 and incorporated herein by
this reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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Exhibit 99.1 -- Press Release dated April 23, 1997.
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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.
WHG BANCSHARES CORPORATION
Date: April 24, 1997 By: /s/ Peggy J. Stewart
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Peggy J. Stewart
President and Chief
Executive Officer
EXHIBIT 99.1
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[WHG BANCSHARES CORPORATION LETTERHEAD]
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
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April 23, 1997 Peggy J. Stewart
President and Chief Executive Officer
(410) 583-8700
WHG BANCSHARES CORPORATION ANNOUNCES
COMPLETION OF STOCK REPURCHASE
Lutherville, Maryland -- WHG Bancshares Corporation (Nasdaq SmallCap
Market-WHGB), the parent holding company of Heritage Savings Bank, F.S.B.,
Lutherville, Maryland, today announced that it has completed the repurchase of
5%, or 76,952 shares, of the Company's outstanding common stock. The Company
currently has 1,462,107 shares of common stock outstanding.
The Company became the holding company for the Bank on March 29, 1996,
following its initial public offering at the time of the Conversion. Heritage
Savings Bank, F.S.B. is a federally chartered savings bank that conducts its
business from its main office located in Lutherville, Maryland, one branch
office located in Baltimore City, Maryland, two branch offices located in
Baltimore County, Maryland, and one branch office located in Howard County,
Maryland. The Bank's deposits are insured up to the maximum legal amount by the
Federal Deposit Insurance Corporation (FDIC). The Company's common stock is
traded on the Nasdaq SmallCap Market under the symbol "WHGB."
