BCSB BANKCORP INC
8-K, 1998-11-03
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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):
                      October 29, 1998


                    BCSB BANKCORP, INC.
- ------------------------------------------------------
(Exact name of registrant as specified in its charter)


United States                    0-24589         52-2108333
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(State or other jurisdiction   (Commission     (I.R.S. employer
of incorporation)              file number)  identification No.)

4111 E. Joppa Road, Suite 300, Baltimore, Maryland     21236
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(Address of principal executive offices)            (Zip code)

Registrant's telephone number, including area code:(410)256-5000


                            Not Applicable
- -------------------------------------------------------------
(Former name or former address, if changed since last report)
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ITEM 5.   OTHER EVENTS
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     On October 29, 1998, the Registrant announced that Michael
J. Dietz will retire as President of BCSB Bankcorp, Inc. and its
operating subsidiary, Baltimore County Savings Bank, F.S.B. (the
"Bank") effective January 1, 1999. For further information,
reference is made to the Registrant's press release dated
October 29, 1998, which is attached hereto as Exhibit 99.1, and
incorporated herein by reference.

ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL 
          INFORMATION AND EXHIBITS
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     The following is a list of exhibits filed with this
Current Report on Form 8-K.

     Exhibit No.              Description
     ----------               -----------
        99.1             Press Release, dated October 29, 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 hereto duly authorized.
                                        

                              BCSB BANKCORP, INC.



Date: October 29, 1998        By: /s/ Gary C. Loraditch
                                  ----------------------------
                                  Gary C. Loraditch
                                  Vice President


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                      NEWS RELEASE
                      FOR MORE INFORMATION CONTACT 
                      Gary C. Loraditch, Vice President 
                      Michele J. Scott, Assistant Vice President
                      ------------------------------------------

                      FOR IMMEDIATE RELEASE
                      (410) 256-5000


               BCSB BANKCORP, INC. ANNOUNCES
        RETIREMENT OF MICHAEL J. DIETZ AS PRESIDENT

     Baltimore, Maryland - October 28, 1998.  BCSB Bankcorp,
Inc. (Nasdaq.nms: BCSB), the holding company for Baltimore
County Savings Bank, F.S.B. and a majority-owned subsidiary of
Baltimore County Savings Bank, M.H.C., announced today that
Michael J. Dietz will retire as President of BCSB Bankcorp, Inc.
and its operating subsidiary, Baltimore County Savings Bank,
F.S.B. effective January 1, 1999.  Prior to completion of the
Bank's reorganization into the mutual holding company form of
organization as a wholly owned subsidiary of the Company, Mr.
Dietz had informed the Board of Directors and the public of the
possibility of his retirement, and today Mr. Dietz informed the
Board of the exact date of his retirement.  Mr. Dietz also
advised the Board of Directors that he will step down as a
director coincident with his retirement.  The Board of Directors
expects to name a successor in the near future.

     Mr. Dietz stated that the time is right for his retirement
because the Bank had recently completed a successful stock
offering raising approximately $22 million in capital for the
Bank and is well-positioned for success in the 21st century.  He
is most proud of the growth and financial strength of the Bank
achieved during his tenure.  Mr. Dietz began his career with the
Bank in 1966 when assets and deposits were less than $1 million. 
Since that time, deposits have grown to $220 million and assets
are $270 million.  The capital of BCSB Bankcorp exceeds $46
million.  The bank's five branch offices are located in
Baltimore and Harford Counties.



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