SECURITY OF PENNSYLVANIA FINANCIAL CORP
8-K, 1999-07-23
SAVINGS INSTITUTION, FEDERALLY CHARTERED
Previous: CLASSIC COMMUNICATIONS INC, S-4/A, 1999-07-23
Next: VANGUARD MASSACHUSETTS TAX EXEMPT FUNDS, NSAR-A, 1999-07-23



<PAGE> 1


                                 UNITED STATES
                      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) July 22, 1999
                                                         -------------

                   SECURITY OF PENNSYLVANIA FINANCIAL CORP.
                   ----------------------------------------
            (Exact name of registrant as specified in its charter)

      Delaware                   1-14577                   23-2980576
      --------                   -------                   ----------
(State or other Jurisdiction o(Commission               (IRS Employer
incorporation or organization)File Number)              Identification No.)

               31 W. Broad Street, Hazleton, Pennsylvania 18201
               ------------------------------------------------
                   (Address of principal executive offices)

                                 (570) 454-0824
                                 --------------
             (Registrant's telephone number, including area code)

                                Not Applicable
                                --------------
        (Former name or former address, if changed since last report.)









<PAGE> 2



ITEM 5.  OTHER EVENTS.
         -------------

      On July 22, 1999, Security of Pennsylvania Financial Corp. (the
"Company"), issued a press release which announced the declaration of a cash
dividend for the fiscal quarter ended June 30, 1999.

      A press release  announcing the declaration of a cash dividend is attached
as Exhibit 99.1.

ITEM 7.  FINANCIAL STATEMENTS AND OTHER EXHIBITS.
         ----------------------------------------

      Exhibit 99.1 Press Release dated July 22, 1999.


                                  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.


Dated:    July 23, 1999              By: /s/ Richard C. Laubach
                                         --------------------------------------
                                         Richard C. Laubach
                                         President and Chief Executive Officer












                                      2



<PAGE> 1







EXHIBIT 99.1     PRESS RELEASE





<PAGE> 2


                              PRESS RELEASE
                   SECURITY OF PENNSYLVANIA FINANCIAL CORP.
                          ANNOUNCES CASH DIVIDEND


Contact:    Richard C. Laubach
            President and Chief Executive Officer
            Security of Pennsylvania Financial Corp.
            (570) 454-0824


Hazleton, Pennsylvania
AMEX Trading Symbol: SPN

July 22, 1999


      The Board of Directors of Security of Pennsylvania Financial Corp. today
announced a cash dividend for the quarter ended June 30, 1999, of $0.05 per
share to stockholders of record on August 6, 1999.  Payment of the cash
dividend will be made on August 20, 1999.

      The Common Stock of Security of Pennsylvania Financial Corp. is listed on
The American Stock Exchange under the symbol "SPN."

      Security of Pennsylvania Financial Corp. acquired all of the outstanding
capital stock of Security  Savings Association of Hazleton upon its conversion
from a Pennsylvania-chartered mutual savings and loan association to a
Pennsylvania-chartered stock savings and loan association on December 30, 1998.
Security Savings Association of Hazleton is headquartered in Hazleton,
Pennsylvania.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission