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): AUGUST 12, 1999
PARK BANCORP, INC.
(Exact name of registrant as specified in its charter)
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DELAWARE 0-20867 36-4082530
(State or other jurisdiction (Commission file number) (I.R.S. employer
of incorporation) identification no.)
5400 SOUTH PULASKI ROAD 60632
CHICAGO, ILLINOIS (Zip Code)
(Address of principal executive
offices)
Registrant's telephone number, including area code: (773) 582-8616
NOT APPLICABLE
(Former name or former address, if changed since last year)
<PAGE>
ITEM 5. OTHER EVENTS.
See attached press release issued by Park Bancorp, Inc. on August 12,
1999. The information set forth in the attached press release is incorporated
herein by reference and constitutes a part of this report.
ITEM 7(C). EXHIBITS.
Exhibit 99.1 Press Release dated August 12, 1999.
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<PAGE>
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: August 13, 1999 By:/s/ Richard J. Remijas, Jr.
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Richard J. Remijas, Jr.
Executive Vice President,
Chief Operating Officer and
Corporate Secretary
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<PAGE>
INDEX TO EXHIBITS
Exhibit
- -------
99.1 Press Release dated August 12, 1999.
4
Exhibit 99.1
[Park Bancorp, Inc. Letterhead]
August 12, 1999
(BW) PARK-BANCORP (PFED) Park Bancorp, Inc. announces stock repurchase program
CHICAGO-(BUSINESS WIRE) August 12, 1999 - Park Bancorp, Inc. (NASDAQ:
PFED), the holding company for Park Federal Savings Bank, today announced that
its Board of Directors has authorized the repurchase for up to 10 percent of
the Company's outstanding common stock, up to 212,311 shares, over the next six
months.
The Company currently has 2,123,118 shares of common stock outstanding.
Stock repurchased under the program will be made in open market or
negotiated transactions and may commence immediately. The purchased stock will
be used for general corporate purposes.
"This repurchase of up to 10 percent of the Company's outstanding common
stock is an effective use of our excess capital that we believe will have a
positive impact on the value of our shareholders' investment," said David A.
Remijas, Chairman and President.
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 currently operates three
full-service offices, two of which are located on the southwest side of Chicago
and one in suburban Westmont, Illinois.
CONTACT: Park Bancorp, Inc., Chicago
David Remijas, Chairman (630) 969-8900
Steven J. Pokrak, Treasurer (773) 582-8616
KEYWORD: ILLINOIS
INDUSTRY KEYWORD: BANKING
