SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 10-QSB
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission File Number 0-23345
WYMAN PARK BANCORPORATION, INC.
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(Exact name of registrant as specified in its charter)
Delaware 52-2068893
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(State or other jurisdiction (I.R.S. Employer
of incorporation or Identification
organization) Number)
11 West Ridgely Road, Lutherville, Maryland 21093
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (410) 252-6450
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [ ] No [X]
As of September 30, 1997, there were no shares of the Registrant's
common stock issued and outstanding.
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WYMAN PARK BANCORPORATION, INC.
INDEX
Page
Number
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PART I. FINANCIAL INFORMATION
Item 1. 1
Item 2. 1
PART II. OTHER INFORMATION 2
SIGNATURES 3
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<PAGE>
PART I. FINANCIAL INFORMATION
Wyman Park Bancorporation, Inc. (the "Holding Company") was
incorporated under the laws of the State of Delaware for the purpose of becoming
the savings and loan holding company of Wyman Park Federal Savings and Loan
Association (the "Association") in connection with the Association's conversion
from a federally chartered mutual savings association to a federally chartered
stock savings association, pursuant to its Plan of Conversion (the
"Conversion"). The Plan of Conversion was submitted and approved by a vote of
the Association's members at a special meeting held on December 17, 1997. The
consummation of the conversion was subject to, among other things, the sale of
the minimum number of shares offered and compliance with the conversion approval
letter of the Office of Thrift Supervision. The Holding Company commenced on
November 21, 1997, a Subscription and Community Offering of its shares in
connection with the conversion of the Association (the "Offering"). The Offering
terminated on December 18, 1997, and the Conversion closed on January 5, 1998.
The Holding Company's common stock began trading on the OTC Electronic Bulletin
Board on January 7, 1998 under the symbol "WPBC."
At December 31, 1997, the Holding Company had no material liabilities
and had not conducted any material operations.
1
<PAGE>
PART II. OTHER INFORMATION
Item 1. Legal Proceedings
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None.
Item 2. Changes in Securities and Use of Proceeds
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None.
Item 3. Defaults Upon Senior Securities
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None.
Item 4. Submission of Matters to a Vote of Security Holders
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None.
Item 5. Other Information
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None.
Item 6. Exhibits and Reports on Form 8-K
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None.
2
<PAGE>
SIGNATURES
Pursuant to the requirement 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.
WYMAN PARK BANCORPORATION, INC.
Registrant
Date: February 2, 1998 /s/ Ernest A. Moretti
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Ernest A. Moretti
President and Chief Executive
Officer (Duly Authorized Officer)
Date: February 2, 1998 /s/ Ronald W. Robinson
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Ronald W. Robinson, Chief Financial
Officer (Principal Financial Officer)
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