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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)
June 18, 1998
COMMISSION FILE NO.: 1-12305
FIRSTFED AMERICA BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 04-3331237
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(State or other Jurisdiction of Incorporation (IRS Employer or
organization) Identification No.)
ONE FIRSTFED PARK, Swansea, Massachusetts 02777
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (508) 679-8181
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ITEM 5. OTHER EVENTS.
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1. On June 18, 1998, FIRSTFED AMERICA BANCORP, INC. (the "Company")
announced that its Board of Directors has declared a first-quarter cash
dividend of $0.05 per share. The dividend is to be paid to shareholders of
record as of July 1, 1998. It will be paid on July 15, 1998.
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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 hereunto duly authorized.
By: /s/ Robert F. Stoico
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Robert F. Stoico
President, Chief Executive Officer and
Chairman of the Board
Dated: June 25, 1998
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LIST OF EXHIBITS
Exhibit 99. Press Release
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NEWS [LOGO] ADMINISTRATIVE OFFICES
FIRSTFED AMERICA BANCORP, INC. ONE FIRSTFED PARK
Swansea, MA 02777
508-679-8181
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FOR IMMEDIATE RELEASE
June 18, 1998
Contact: Philip G. Campbell, VP-Investor Relations 508-679-8181, ext. 1361
Edward A. Hjerpe III, SVP-Treasurer and CFO 508-679-8181, ext. 1505
FIRSTFED AMERICA BANCORP, INC. Announces First Quarter Dividend
Swansea, Massachusetts, June 18, 1998 - FIRSTFED AMERICA BANCORP, INC., Swansea,
Massachusetts (Amex:FAB), the parent holding company of First Federal Savings
Bank of America, Fall River, Massachusetts, announced that its Board of
Directors has declared a first-quarter cash dividend of $.05 per share. The
dividend is to be paid to shareholders of record as of July 1, 1998. It will be
paid on July 15, 1998.
Robert F. Stoico, Chairman, President and Chief Executive Officer, stated "We
are extremely please to announce the Company's first dividend payment to
shareholders. The payment of a cash dividend will enhance the value of our stock
for existing shareholders, and will make it attractive to additional retail and
institutional investors."
FIRSTFED AMERICA BANCORP, INC., through its subsidiary First Federal Savings
Bank of America, currently operates 13 banking offices throughout Southeastern
Massachusetts and Rhode Island and 5 loan origination centers located in
Massachusetts and Rhode Island. As of March 31, 1998 FIRSTFED AMERICA BANCORP,
INC. has approximately $1.282 billion in assets and total stockholders' equity
of $127.0 million.
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