ST JOSEPH CAPITAL CORP
8-K, 1998-05-21
STATE COMMERCIAL BANKS
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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

                                  May 21, 1998
                                (Date of Report)

                         ST. JOSEPH CAPITAL CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)



         DELAWARE                   333-6581                35-1977746
         --------                  -----------              ----------         
(State or other jurisdiction       Commission   (I.R.S. Employer Identification
of incorporation or organization)  File Number  No.)


                 3820 EDISON LAKES PARKWAY, MISHAWAKA, IN 46545
                 ----------------------------------------------
                    (Address of principal executive offices)

                                 (219) 273-9700
              ---------------------------------------------------
              (Registrant's telephone number including area code)

                                      N/A
              ---------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report)

ITEM 1.  CHANGES IN CONTROL OF REGISTRANT
         Not Applicable

ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS
         Not Applicable

ITEM 3.  BANKRUPTCY OR RECEIVERSHIP
         Not Applicable

ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
         Not Applicable

ITEM 5.  OTHER EVENTS

         St. Joseph Capital Corporation officially topped $70 million in Total  
         Assets earlier this month, John W. Rosenthal Chairman, President &
         Chief Executive Officer, announced at their Annual Meeting of
         Shareholders.

ITEM 6.  RESIGNATIONS OF REGISTRANT'S DIRECTORS
         Not Applicable


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<PAGE>   2



ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS
           (C) EXHIBITS
               99.1 News Release dated May 21, 1998 incorporated herein by 
                    reference.

ITEM 8.   CHANGE IN FISCAL YEAR
          Not Applicable

ITEM 9.   SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
          Not Applicable
                                   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.

                                        ST. JOSEPH CAPITAL CORPORATION
                                        (Registrant)                  


Date:  May 21, 1998                     ------------------------------------
                                        Edward R. Pooley
                                        Prinicipal Financial Officer












<PAGE>   1
                                                                    EXHIBIT 99.1

NEWS RELEASE


Contacts:
John Rosenthal, President                (St. Joseph Capital Corporation's Logo)
Edward Pooley, SVP & CFO
Phone: 219-273-9700
       800-890-2798
Fax:   219-273-0791
Email: [email protected]
       
FOR IMMEDIATE RELEASE

             ST. JOSEPH CAPITAL BANK'S TOTAL ASSETS TOP $70 MILLION

Mishawaka, Indiana - May 21, 1998 - St. Joseph Capital Corporation (OTC
Bulletin Board: "SJOE"), officially topped $70 million in Total Assets earlier
this month, John W. Rosenthal Chairman, President & Chief Executive Officer,
announced at their Annual Meeting of Shareholders.

"St. Joseph Capital Bank's solid growth and success are direct reflections of
strong community support and acceptance by area businesses and individuals who
have made us their bank," Mr. Rosenthal said.  He said the Bank's growth in
assets to the $70 million level was substantially ahead of start-up
projections.

St. Joseph Capital Corporation is the holding company for St. Joseph Capital
Bank, which commenced operations February 13, 1997, after the successful
completion of an initial public offering (IPO) September 10, 1996.  The Bank
serves businesses and consumers across the Michiana Area with a full range of
mortgage, lending and checking products and services in a friendly,
hometown-banking environment.



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