COMMONWEALTH BANCORP INC
8-K, 2000-07-20
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



                                 July 18, 2000
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                       (Date of earliest event reported)


                           Commonwealth Bancorp, Inc.
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             (Exact name of registrant as specified in its charter)

    Pennsylvania                        0-27942               23-2828883
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(State or other jurisdiction    (Commission File Number)     (IRS Employer
of incorporation)                                          Identification No.)

2 West Lafayette Street, Norristown, Pennsylvania                       19401
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(Address of principal executive offices)                             (Zip Code)

                                 (610) 251-1600
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              (Registrant's telephone number, including area code)

                                 Not Applicable
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              (Former name, former address and former fiscal year,
                         if changed since last report)


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ITEM 5.  OTHER EVENTS

         On July 18, 2000, Commonwealth Bancorp, Inc. reported net income of
$3.8 million, or $0.35 per common share on a diluted basis, for the second
quarter of 2000, compared to net income of $4.4 million, or $0.33 per common
share on a diluted basis, for the second quarter of 1999. For additional
information, reference is made to the Press Release, dated July 18, 2000, which
is attached hereto as Exhibit 99 and is incorporated herein by reference.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (a)      Financial Statements.

                  Not Applicable.

         (b)      Pro Forma Financial Information.

                  Not Applicable.

         (c)      Exhibits:

                  99       Press Release dated July 18, 2000



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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.

                                      COMMONWEALTH BANCORP, INC.



Date: July 20, 2000                   By:      /s/Charles M. Johnston
                                               --------------------------------
                                               Charles M. Johnston
                                               Chief Financial Officer

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