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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) DECEMBER 21, 1999
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ADMIRALTY BANCORP, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-24891 65-0405207
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4400 PGA BOULEVARD
PALM BEACH GARDENS, FLORIDA 33410
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (561) 624-4701
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Item 5. OTHER EVENTS.
The Registrant issued a press release on December 21, 1999 announcing
its declaration of a stock dividend on its Class B common stock.
Item 7. EXHIBITS.
The following exhibit is filed with this Current Report on Form 8-K.
EXHIBIT NO. DESCRIPTION
99 Press release announcing declaration of stock
dividend.
Page 2 of 3
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Admiralty Bancorp, Inc., has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
ADMIRALTY BANCORP, INC.
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(Registrant)
Dated: December 21, 1999 By:/s/ WARD KELLOGG
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WARD KELLOGG
President and
Chief Executive Officer
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EXHIBIT INDEX
CURRENT REPORT ON FORM 8-K
EXHIBIT NO. DESCRIPTION PAGE NO.
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99 Press release announcing declaration
of stock dividend.
EXHIBIT 99
PRESS RELEASE
ADMIRALTY BANCORP INC. ANNOUNCES STOCK DIVIDEND
For Release: IMMEDIATELY
Contact: WARD KELLOGG (561) 624-4701
MELISA KRATZ (561) 624-4701
LEONARDO G. ZANGANI,
Investor Relations (908) 788-9660
PALM BEACH GARDENS, FLORIDA, DECEMBER 21, 1999 . . . The Board of Directors of
ADMIRALTY BANCORP, INC. (NASDAQ NM: AAABB) has declared a stock dividend on its
Class B common stock. Pursuant to the Company's previously adopted dividend
policy of treating the Company's Class B shareholders the same as the Company's
Class A shareholders, the amount of the Class B stock dividend was set at
12.91%. Holders of record of the Class B common stock as of December 31, 1999
will be entitled to receive this dividend.
Mr. Bruce M. Mahon, Chairman of the Board of Admiralty, stated "This stock
dividend represents the great steps that the Company has taken during 1999.
Through the third quarter of 1999, we had increased our assets to $126 million,
our total loans to $90 million and our total deposits to $106 million. In
addition, for the first nine months of the year, we had earnings of $119,000. We
believe we are well positioned to continue our growth and enhance our
profitability".
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ADMIRALTY BANCORP, INC. is the holding company for Admiralty Bank, which
operates a commercial banking business through four offices located in Palm
Beach Gardens, Boca Raton, Jupiter and Juno Beach, Florida.
