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): August 15,1996
EVERGREEN BANCORP, INC.
(Exact name of registrant as specified in its charter)
New York
(State of Incorporation)
0-10275 36-3114735
(Commission File Number) (IRS Employer Identification No.)
237 Glen Street, Glens Falls, New York 12801
(Address of principal executive offices)
Registrant's Telephone Number, including area code:
(518) 792-1151
ITEM 5. OTHER EVENTS
On August 15, 1996, the Evergreen Bancorp, Inc. (the "Registrant") issued
the press release attached a Exhibit 20.1 to this report and incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements - not applicable.
(b) Pro forma financial information - not applicable.
(c) Exhibits.
20.1 Registrant's press release, dated August 15, 1996.
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.
EVERGREEN BANCORP, INC.
By: /s/ Paul A. Cardinal
------------------------
Paul A. Cardinal
Executive Vice President
& General Counsel
Dated: August 16, 1996
Exhibit Description of Exhibit
20.1 Registrant's press release, dated August 15, 1996.
FOR IMMEDIATE RELEASE Contact: George W. Dougan
_____________________ Chairman and CEO
(518) 792-1151
EVERGREEN BANCORP DECLARES TWO-FOR-ONE STOCK SPLIT
AND PLANS FOURTH QUARTER DIVIDEND INCREASE
GLENS FALLS, New York (August 15, 1996) - Evergreen Bancorp, Inc.
(Nasdaq/NM:EVGN) today announced that its Board of Directors has declared
a two-for-one stock split to be effected in the form of a 100% stock
dividend. The shares issuable from the stock split will be distributed on
or about September 16, 1996, to stockholders of record on August 30, 1996.
The Board also announced that it intends to increase the cash dividend on
the newly split shares in the fourth quarter of 1996. The actual amount
of the new dividend will be determined by the Board after it has reviewed
results for the third quarter ending September 30, 1996.
Commenting on the announcement, George W. Dougan, Chairman and Chief
Executive Officer, said, "The stock split and increased cash dividend
reflect the recent appreciation in Evergreen's stock and the Board's
confidence in the current and future operating performance of the Company.
We felt it prudent, in light of the Board's recent approval of an
additional stock repurchase plan, to announce these positive developments
prior to initiating any repurchase transactions."
Evergreen Bancorp, Inc., with headquarters in Glens Falls, New York,
operates 24 banking offices in the Capital Region of New York as well as
Clinton, Saratoga, Warren, and Washington Counties.
