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
January 16, 2001
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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)
Item 5. Other Events
On January 16, 2001, Commonwealth Bancorp, Inc. (the "Company") reported
net income of $4.0 million, or $0.37 per common share on a diluted basis, for
the fourth quarter of 2000 compared to net income of $3.8 million, or $0.34
per common share on a diluted basis, for the fourth quarter of 1999. For the
full year 2000, net income was $15.3 million, or a record $1.39 per common
share on a diluted basis compared to net income of $16.7 million, or $1.32
per common share on a diluted basis, for the full year 1999. For additional
information, reference is made to the Press Release, dated January 16, 2001,
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 January 16, 2001
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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: January 17, 2001 By: /s/Charles M. Johnston
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Charles M. Johnston
Chief Financial Officer
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