COVENANT BANCORP INC
8-K, 1997-11-20
STATE COMMERCIAL BANKS
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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):  November 20, 1997



                             COVENANT BANCORP, INC.
                             ----------------------
               (Exact Name of Registrant as Specified in Charter)




       New Jersey                      0-22699                22-2890624
       ----------                      -------                ----------
(State or Other Jurisdiction        (Commission File          (IRS Employer
     of Incorporation)                   Number)            Identification No.)
 

18 Kings Highway West, Haddonfield, New Jersey                08033
- ----------------------------------------------                -----
(Address of Principal Executive Offices)                   (Zip Code)



Registrant's telephone number, including area code:    (609) 428-7300



                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)





                                       -1-

<PAGE>




ITEM 5: OTHER EVENTS.

     The Special Meeting of Shareholders of Covenant Bancorp, Inc. scheduled for
November 20, 1997 has been adjourned to 10:00 a.m. on January 8, 1998 at 
Tavistock Country Club, Haddonfield, NJ. See the attached press release of
Covenant Bancorp, Inc., dated November 20, 1997.



                                       -2-

<PAGE>



ITEM 7:           FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
                  EXHIBITS

         (c)      Exhibits.

                  99.1  Press release of Covenant Bancorp, Inc. dated November
                        20, 1997.




                                       -3-

<PAGE>



                                    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.

Date:   November 20, 1997                   COVENANT BANCORP, INC.


                                            By: /s/ Charles E. Sessa, Jr.
                                            ---------------------------------
                                            Name:  Charles E. Sessa, Jr.
                                            Title: President


                                      -1-

     
                                                                    Exhibit 99.1


November 20, 1997


            COVENANT ADJOURNS SHAREHOLDER VOTE ON FIRST UNION MERGER

     HADDONFIELD, N.J., Nov. 20, 1997 -- Covenant Bancorp, Inc., (NASDAQ: CNSK)
announced today that its Special Meeting of Shareholders to vote upon its
planned merger with First Union Corporation (NYSE: FTU) had been adjourned to
Jan. 8, 1997, in order to allow for the dissemination of information regarding
First Union's recently announced agreement to acquire CoreStates Financial
(NYSE: CFL).

     Subject to shareholder approval, regulatory approvals and other normal
conditions of closing, the adjournment of the shareholder vote itself is not
expected to delay the closing of Covenant's merger with First Union, scheduled
for the first quarter of 1998.

     Contacts: For Covenant, J. William Parker, Jr., 609-428-7300. For First
Union, Paul Levine, 908-598-3183.




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