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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) June 9, 1998
MAIN STREET BANCORP, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania 000-24145 23-2960905
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Ident. No.)
601 Penn Street, Reading, Pennsylvania 19603
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (610) 685-1400
N/A
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
The press release, dated June 9, 1998, of Main Street
Bancorp, Inc. is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(a) Exhibits.
The following exhibit is filed herewith:
99.1 Press Release, dated June 9, 1998, of Main Street
Bancorp, Inc.
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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 hereunto duly authorized.
MAIN STREET BANCORP, INC.
Dated: June 10, 1998
/s/ Nelson R. Oswald
Nelson R. Oswald,
Chairman and Chief Executive
Officer
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EXHIBIT INDEX
Exhibit Number
99.1 Press Release, dated June 9, 1998, of Main Street
Bancorp, Inc.
EXHIBIT 99.1
Date: June 9, 1998
Contact: Nelson R. Oswald
or
Donna L. Rickert
Main Street Bancorp, Inc., parent company of Berks County
Bank and Heritage National Bank, reported that net income for the
first five months of 1998 was $3.6 million, compared to $3.1
million for the five months of 1997. Excluding one-time after-
tax merger costs of $1.5 million, net income for the first five
months of May of 1998 would have been $5.1 million, an increase
of 64.5%. Net interest income for the first five months of 1998
was $12.9 million compared to $10.5 million for the first five
months of 1997.
Total assets at May 31, 1998 increased 19.9% to $860.8
million from $717.9 million at May 31, 1997.
Nelson R. Oswald, chairman and CEO, reported that
construction will soon be commencing on new full-service Berks
County Bank offices in Robesonia and Boyertown.
Oswald also reported that a $.14 cash dividend will be paid
on June 30, 1998 to Main Street Bancorp, Inc. shareholders of
record on June 15, 1998.
Main Street Bancorp, Inc., which was formed on May 1, 1998
as a result of a consolidation between BCB Financial Services
Corporation and Heritage Bancorp, Inc., announced that it has
recently relocated Main Street Bancorp, Inc.'s corporate
headquarters to 601 Penn Street, Reading, PA. 1998 and 1997
numbers have been restated to report the results of operation as
if the companies had been combined. Main Street trades on the
Nasdaq National Market under the symbol "MBNK".
