SOUTH JERSEY FINANCIAL CORP INC
8-K, 1999-11-01
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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                                  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) October 28, 1999
                                                        ----------------

                    SOUTH JERSEY FINANCIAL CORPORATION, INC.
                    ----------------------------------------
             (Exact name of registrant as specified in its charter)

           Delaware                      0-24997                22-3615289
           --------                      -------                ----------
(State or other Jurisdiction of        (Commission             (IRS Employer
incorporation or organization)         File Number)          Identification No.)

      4651 Route 42 Turnersville, New Jersey                       08012
      --------------------------------------                       -----
     (Address of principal executive offices)                    (Zip Code)

                                 (856) 629-6000
                                 --------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
         (Former name or former address, if changed since last report.)
<PAGE>
Item 5.  Other Events.
         -------------

         On October 28, 1999, South Jersey Financial  Corporation,  Inc. ("South
Jersey")  issued a press  release  which  announced  that its Board of Directors
declared  a  dividend  of  $.09  per  share.  The  dividend  is  to be  paid  to
shareholders  of record as of November 10, 1999. It will be paid on November 26,
1999.

         A press release announcing the dividend is attached as Exhibit 99.

Item 7.  Financial Statements and Other Exhibits.
         ----------------------------------------

         Exhibit 99 Press Release dated October 28, 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:      October 28, 1999       By:/s/ Robert J. Colacicco
                                      ---------------------------------------
                                          Robert J. Colacicco
                                          President and Chief Executive Officer



Dated:      October 28, 1999        By:/s/ Gregory M. DiPaolo
                                       ---------------------------------------
                                           Gregory M. DiPaolo
                                           Executive Vice President, Treasurer
                                           and Chief Operating Officer


Exhibit 99     Press Release
                    South Jersey Financial Corporation, Inc.


                                                           FOR IMMEDIATE RELEASE
                                                     Contact: Gregory M. DiPaolo
                                                          EVP, Treasurer and COO
                                                                  (856) 629-6000


                    SOUTH JERSEY FINANCIAL CORPORATION, INC.
                             DECLARES CASH DIVIDEND



October 28, 1999


(Turnersville,  New Jersey) The Board of  Directors  of South  Jersey  Financial
Corporation, Inc. (NASDAQ: SJFC) yesterday announced a cash dividend of $.09 per
share to  stockholders  of record on  November  10,  1999.  Payment  of the cash
dividend will be made on or about November 26, 1999.

The Common Stock of South Jersey  Financial  Corporation is quoted on the NASDAQ
Stock Market under the symbol "SJFC."

South Jersey Financial Corporation acquired all of the outstanding capital stock
of South Jersey  Savings and Loan  Association  upon its  conversion  from a New
Jersey  chartered  mutual savings and loan association to a New Jersey chartered
stock savings and loan  association  on February 12, 1999.  South Jersey Savings
and Loan Association is headquartered in Turnersville, New Jersey.


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