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)
January 15, 1998
Thistle Group Holdings, Co.
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(Exact name of Registrant as specified in its Charter)
Pennsylvania 0-24353 23-2960768
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification Number)
6060 Ridge Avenue, Philadelphia, Pennsylvania 19128-1696
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 483-2800
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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 January 15, 1999, 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 January 15, 1999.
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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.
Thistle Group Holdings, Co.
Date: January 20, 1999 By: /s/ John F. McGill, Jr.
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John F. McGill, Jr.
President and CEO
(Principal Executive Officer)
EXHIBIT 99
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Thistle Group Holdings, Co.
- ------------------- Contacts: John F. McGill Jr.,
President
Pam Cyr, Dir. of Investor Relations
News 6060 Ridge Avenue
Release Philadelphia, PA 19128
Phone: 215-483-2800
Fax: 215-483-0885
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THISTLE GROUP HOLDINGS, CO. TO REPURCHASE UP TO 15% OF ITS SHARES
Philadelphia, PA, January 15, 1998- Thistle Group Holdings, Co., (NASDAQ: THTL)
announced today that it has received approval from the Office of Thrift
Supervision to proceed with its planned repurchase of up to 15 percent of the
outstanding common stock of the Company, equating to approximately 1,349,998
shares.
Repurchases are authorized to be made by the Company from time to time in
open-market transactions as, in the opinion of management, market conditions
warrant. The repurchased shares will be held as treasury stock and will be
available for general corporate purposes.
Thistle Group Holdings Co. is a Philadelphia based Unitary Thrift Holding
Company whose principal subsidiary is Roxborough-Manayunk Bank. At September 30,
1998, the Company had total assets, deposits and stockholders' equity of $460
million, 264 million, and 101 million, respectively. Thistle Group began trading
on the NASDAQ under the symbol "THTL" on July 14,1998.
