SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
May 21, 1999
YONKERS FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
DELAWARE 0-277716 13-3870836
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
6 EXECUTIVE PLAZA, YONKERS, NEW YORK 10701
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 965-2500
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N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On May 21, 1999, the Registrant issued the attached press release
announcing the completion of its stock repurchase of 136,000 shares or
approximately 5% of its outstanding shares in the open market.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Exhibits
99. Press release, dated May 21, 1999.
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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.
YONKERS FINANCIAL CORPORATION
Date: MAY 21, 1999 By: /S/ RICHARD F. KOMOSINSKI
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Richard F. Komosinski, President
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EXHIBIT 99
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DATE: May 21, 1999
CONTACTS: Richard F. Komosinski, President & CEO
Joseph D. Roberto, Vice President & Treasurer, CFO
PHONE: 914-965-2500
FOR IMMEDIATE RELEASE
YONKERS FINANCIAL CORPORATION
ANNOUNCES COMPLETION OF STOCK REPURCHASE PROGRAM
Yonkers, New York, May 21, 1999 - Yonkers Financial Corporation, the holding
company (the "Company") for The Yonkers Savings and Loan Association, FA, (the
"Association") announced today the completion of its repurchase of 136,000
shares or approximately 5% of its outstanding shares in the open market. These
shares were purchased at an average price of $16.57 per share. The company now
has 2,595,239 shares outstanding.
The Company was organized in 1995 to act as the holding company of the
Association. The Association currently serves the financial needs of communities
in its market area through its four traditional retail offices and one lending
center located in Yonkers, New York and three in-store branches located in
Wappingers Falls, New York, Yorktown Heights, New York and Mt. Vernon, New York.
At March 31, 1999, the Company had consolidated total assets of $382.2 million,
and stockholders' equity of $41.8 million. The Company's stock is traded on THE
NASDAQ STOCK MARKET under the symbol "YFCB".
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