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FORM 8-K. --CURRENT REPORT
(As last amended in Rel. No. 34-36968, eff. 8/13/92.)
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) August 16, 1995
RIVER FOREST BANCORP, INC.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Minnesota 0-6136 41-0823592
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(State of incorporation of organization) (Commission File Number) (IRS Employer Identification No.)
Lincoln National Bank Building
3959 N. Lincoln Avenue, Chicago, Illinois 60613
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(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code (312) 549-7100.
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ITEM 5. OTHER EVENTS.
On August 16, 1995 the Board of Directors of the Registrant declared a
two-for-one stock split of its common stock payable September 22, 1995 to
shareholders of record at September 8, 1995. Shareholders will receive one
additional share for each share held, in the form of a stock dividend.
Concurrently, the Registrant's Board of Directors declared a $0.10 cash
dividend on common stock payable October 10, 1995 to shareholders of record at
September 25, 1995.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit Description
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99 Press release dated August 16, 1995 for the
Registrant.
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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.
RIVER FOREST BANCORP, INC.
Date: August 21, 1995 By: /s/ Michael J. McClure
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Michael J. McClure
Vice President & Chief Accounting Officer
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EXHIBIT 99
[RIVER FOREST BANCORP, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE: FOR MORE INFORMATION:
Tim Taylor
(312) 549-7100
RIVER FOREST BANCORP ANNOUNCES STOCK SPLIT;
INCREASES DIVIDEND
CHICAGO, ILLINOIS. . .AUGUST 16, 1995. . .The Directors of River Forest
Bancorp, Inc. (RFBC:NASDAQ) today announced a two-for-one split of its common
stock payable September 22, 1995 to shareholders of record at September 8,
1995. Shareholders will receive one additional share for each share held, in
the form of a stock dividend. The additional shares will be distributed to
stockholders on or about September 22, 1995 and the stock will begin trading at
its split value on September 25, 1995. After the split, River Forest Bancorp
will have approximately 15.2 million shares of common stock outstanding.
The Directors also voted to increase the quarterly dividend to $0.10 per
common share after the two-for-one split, compared with $0.175 per common share
pre-split. This represents a 14% increase over the previous quarterly dividend
and a 33% increase from the beginning of the year. The new dividend, which will
be paid on post-split shares, will be payable on October 10, 1995 to
shareholders of record as of September 25, 1995.
River Forest Bancorp has split its stock eight times since 1967. If a
share of common stock was held continuously since 1966, that investment would
now represent 125 shares with the latest split announcement. The company has
approved dividend increases for 20 consecutive years.
Robert J. Glickman, President and CEO of River Forest Bancorp, said "The
dividend increase and stock split are a reflection of the continued progress of
the company. It is anticipated that these additional shares will increase
trading activity in common stock and thereby improve the liquidity."
River Forest Bancorp had 1994 net income of $24 million. For the first
half of 1995, net income was $16.2 million.
The company, with $2 billion in assets, is the fourth-largest bank group
in Illinois that is not owned by an out-of-state or foreign entity. River
Forest Bancorp offers full-service retail and commercial banking services
throughout the Chicago metropolitan area. The company also has nationwide
student lending and medical finance assistance programs.
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