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 10, 1998
WSB Holding Company
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(Exact name of Registrant as specified in its Charter)
Pennsylvania 0-22997 23-2908963
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification Number)
807 Middle Street, Pittsburgh, Pennsylvania 15212
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 231-7297
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Not Applicable
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(Former name or former address, if changed since last Report)
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INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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Reference is made to the press release dated June 19, 1998, which is
attached hereto as Exhibit 99 and incorporated herein by this reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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Exhibit 99 -- Press Release dated June 19, 1998.
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2
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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, thereunto duly authorized.
WSB Holding Company
Date: 6/19/98 By:/s/Ronald W. Moreschi
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Ronald W. Moreschi
Vice President and Treasurer
(Principal Accounting Officer)
EXHIBIT 99
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WSB Holding Company Contact: Robert Neudorfer, President
807 Middle Street 412-231-7297
Pittsburgh, Pennsylvania 15212
For Immediate Release
June 19, 1998
WSB HOLDING COMPANY
Authorization of Stock Purchase Program
Pittsburgh, Pennsylvania - June 19, 1998 -- WSB Holding Company (OTC
Bulletin Board:WSBH), the holding company of Workingmen's Bank, has announced
that it has received regulatory approval to purchase up to 29,754 shares of the
Company's common stock.
The stock purchases shall be utilized to fund the restricted stock plan
previously approved by stockholders and for general corporate purposes. Such
stock purchases are expected to be made in open-market transactions, subject to
the availability of stock, market conditions, the trading price of the stock and
the Company's financial performance. The Company anticipates purchasing such
shares during 1998.
The Company completed its offering of common stock in connection with
the conversion of Workingmen's Bank from a federally chartered mutual savings
association to a federally chartered stock savings bank on August 27, 1997.
At March 31, 1998, the Company reported total consolidated assets and
consolidated stockholders' equity of $37.0 million and $4.8 million,
respectively. Workingmen's Bank operates through its office located in
Pittsburgh, Pennsylvania. The Savings Bank's deposits are insured up to legal
maximum limits by the Federal Deposit Insurance Corporation.
