SECURITIES & 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): MARCH 2, 1999
EAGLE BANCGROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
000-20739 37-1353957
(Commission File Number) (IRS Employer Identification No.)
301 FAIRWAY DRIVE, BLOOMINGTON, IL 61707
(Address including zip code of Principal Executive Offices)
(309) 663-6345
(Registrant's telephone number, including area code)<PAGE>
Item 5. Other Events
Incorporated by reference is a press release issued by the Registrant
on March 2, 1999, attached as Exhibit 99, providing information
concerning the Registrant's announcement of its intention to undertake
a review of strategic alternatives available to maximize shareholder
value, which could include the possible sale or merger of the company.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99 - Press release issued March 2, 1999
SIGNATURE
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 hereunto duly authorized.
EAGLE BANCGROUP, INC.
Date: March 3, 1999 By: /S/ Donald L. Fernandes
-------------------------------
Donald L. Fernandes
President and Chief
Executive Officer<PAGE>
EXHIBIT INDEX
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Exhibit
Number Description
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99 Press release issued March 2, 1999<PAGE>
Exhibit 99
EAGLE BANCGROUP, INC. TO EXPLORE STRATEGIC ALTERNATIVES
Bloomington, Ill. -- March 2, 1999 -- Eagle BancGroup, Inc. (Nasdaq: EGLB),
the holding company for First Federal Savings and Loan Association of
Bloomington, today announced that it will undertake a review of strategic
alternatives available to maximize shareholder value. Such alternative may
include the possible sale or merger of the company.
No decision has been made to enter into any transaction or as to what
form any such transaction might take. Eagle BancGroup is being advised by
Trident Financial Corporation.
First Federal Savings and Loan is headquartered in Bloomington, Illinois and
operates through four full service offices in McLean County in central
Illinois. At December 31, 1998, Eagle BancGroup had consolidated total
assets of $180.1 million and consolidated stockholders' equity of $19.7
million.
CONTACT: Eagle BancGroup, Inc.
Donald L. Fernandes, (309) 663-6345
