Form 10-Q
Securities and Exchange Commission
Washington, D.C. 20549
Quarterly Report Under Section 13 or 15(d)
of the Securities Exhange Act of 1934
For the quarter ended September 30, 1994 Commission file number 2-99779
National Consumer Cooperative Bank
( Exact name of registrant as specified in its charter )
United States of America 52-1157795
(12 U.S.C. Section 3001 et seq.) (I.R.S. Employer
(State or other jurisdiction of Identification No. )
incorporation or organization )
1401 Eye St., NW, Suite 700, Washington, DC, 20005
(Address of principal executive offices)
Registrant's telephone number, including area code (202) 336-7700
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes x No________
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Outstanding at September 30, 1994
Class C 205,739
(Common stock, $100.00 par value)
Class B 595,462
(Common stock, $100.00 par value)
Class D 3
(Common stock, $100.00 par value)
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 thereunto duly authorized.
NATIONAL CONSUMER COOPERATIVE BANK
Date: February 3, 1995
By: /s/ Richard L. Reed
(Richard L. Reed, Chief Financial
Officer )
/s/ Marietta J. Orcino
(Marietta J. Orcino, Controller/
Principal Accounting Officer )
INDEX TO EXHIBITS
Exhibit No. Description
10.8 First Amendment to Deferred Compensation
Agreement with Jeremiah J. Foley
27 Financial Data Schedule
Exhibit 10.8
First Amendment to
Deferred Compensation Agreement
This First Amendment to Deferred Compensation Agreement (the "Amendment")
confirms an agreement entered into on the 24th day of June, 1994, by and
between the National Consumer Cooperative Bank, a corporation chartered by
Act of Congress of the United States (the "Bank"), and Jeremiah J. Foley
("Mr. Foley"), for the purpose of amending that certain Deferred Compensation
Agreement entered into by the Bank and Mr. Foley as of April 20, 1992.
The Bank and Mr. Foley hereby agree that the Deferred Compensation
Agreement (the "Agreement"), a copy of which is attached as Exhibit A hereto,
is hereby amended as provided in this Amendment and that, except as amended
hereby, the Agreement remains in full force and effect as originally written.
1. Paragraph 7 of the Agreement is amended by deleting it and substituting
the following:
"The amount credited to Mr. Foley's Deferred
Compensation Account shall become payable in the manner
hereinafter provided upon the termination of his
relationship with the Bank because of death or
retirement or because of disability; provided, however,
that, with respect to deferred compensation credited
to the Deferred Compensation Account after June 24, 1994,
and Quarterly Credits thereon, such amounts credited to
Mr. Foley's Compensation Account shall become payable,
in the amount hereinafter provided, upon Mr. Foley's 62nd
birthday."
2. Paragraph 8 of the Agreement is amended by deleting the first
sentence and substituting the following:
"The amount becoming payable shall be paid in a lump sum or
in twenty substantially equal quarterly installments
beginning on the first day of the calendar quarter following
the previous quarter in which the event of maturity, as
provided in paragraph 7, occurs; provided, however, that
election of lump sum or installments shall be made no later than
six months before the occurrence of such event of maturity."
In Witness Whereof, the Bank has caused this Agreement to be duly
executed and Mr. Foley has duly executed this Agreement as of this 24th
day of June, 1994.
NATIONAL CONSUMER COOPERATIVE BANK
By: /s/ Charles E. Snyder
Charles E. Snyder
By: /s/ Jeremiah J. Foley
Jeremiah J. Foley
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> NATIONAL CONSUMER COOP BANK
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