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UNITED STATES
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): March 28, 1997
PARK BANCORP, INC.
(Exact name of registrant as specified in its charter)
____________________
Delaware 0-20867 36-4082530
(State or other jurisdiction (Commission file number) (I.R.S. employer
of incorporation) identification no.)
2740 West 55th Street Office 60632
Chicago, Illinois (Zip Code)
(Address of principal
executive office)
Registrant's telephone number, include area code: (773) 434-6040
Not Applicable
(Former name or former address, if changed since last year)
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ITEM 5. OTHER EVENTS.
On March 28, 1997, Park Bancorp, Inc. (the "Company") announced by way
of a news release that it has completed the repurchase of 270,000 shares of
the Company's outstanding common stock.
ITEM 7(C). EXHIBITS.
Exhibit 99.1 Press Release dated March 28, 1997.
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.
PARK BANCORP, INC.
Date: April 2, 1997 By: /s/ David A. Remijas
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David A. Remijas
President and Chief
Executive Officer
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INDEX TO EXHIBITS
Exhbit
99.1 Press Release dated March 28, 1997
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Exhibit 99.1
PARK BANCORP, INC.
2740 West 55th Street, Chicago, Illinois 60632
PRESS RELEASE
FOR FURTHER INFORMATION, CONTACT: FOR IMMEDIATE RELEASE
MARCH 28, 1997
David A. Remijas, President
(630) 969-8900
PARK BANCORP. INC. ANNOUNCES COMPLETION OF STOCK REPURCHASE
CHICAGO, MARCH 28, 1997 - PARK BANCORP, INC. (NASDAQ: PFED), the
holding company for Park Federal Savings Bank, announced that it
has completed the repurchase of 270,000 shares of the Company's
outstanding common stock. The Company was authorized to purchase
up to 10% of the outstanding common stock, and currently has
2,431,441 shares of common stock outstanding.
The purchases were made in open market transactions at a
price per share of 15 5/8. The purchased stock will be used to
fulfill the Company's obligations under its stock-based incentive
plan and for general corporate purposes.
"We are pleased that the Company had the opportunity to move
relatively quickly to complete the repurchase of common stock,
announced on March 12 of this year," said David A. Remijas, the
President of Park Bancorp, Inc.
Headquartered in Chicago, Park Federal Savings Bank is a
community-oriented institution, offering a variety of retail
financial services to meet the needs of the communities it
serves. The Bank operates three full service offices, two on the
southwest side of Chicago, and one in the western suburb of
Westmont, Illinois.
