SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB
(Mark One)
[x] Annual Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the fiscal year ended December 31, 1995,
or
[ ] Transition Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Commission File Number 2-76555
SDN BANCORP, INC.
(Exact name of small business issuer in its charter)
Delaware 95-3683748
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
135 Saxony Road, Encinitas, California 92024
(Address of principal executive offices)(Zip Code)
Issuer's telephone number, including area code:
(619) 436-6888
Securities registered pursuant to Section 12 (b) of the Exchange
Act:
None
Securities registered pursuant to Section 12 (g) of the Exchange
Act:
None
Check whether the issuer (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 such shorter period
that the issuer was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.
Yes X No
Check if there is no disclosure of delinquent filers in
response to Item 405 of Regulation S-B contained in this form, and
no disclosure will be contained, to the best of issuer's knowledge,
in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-KSB.
The issuer's revenues for the year ended December 31, 1995
were $4,568,000.
The aggregate market value of Common Stock held by
non-affiliates at March 8, 1996: $534,875. The Bank is not
aware of any sale or trade of Common Stock within the last 60 days.
The last sale at $5.82 per share occurred on September 30,
1995.
The number of shares of Common Stock outstanding at March 8,
1996: 895,467
Documents incorporated by reference: None
PART IV
ITEM 13. EXHIBITS AND REPORTS ON 10K
(a) (1) Exhibits Index
27 Financial Data Scheduel dated December 31, 1995
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the issuer has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
SDN BANCORP
By: Robert P. Keller /s/
----------------------------------------
Robert P. Keller
President, Chief Executive Officer
Date: March 29, 1996
By:Cathy Wingenbach /s/
---------------------------------------
Cathy Wingenbach
Principle Accounting Officer
Date: March 29, 1996
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the issuer
and in the capacities and on the dates indicated.
Signature Title Date
Robert P. Keller /s/ Director, President March 29, 1996
- --------------------- and Chief Executive
Robert P. Keller Officer
K. Thomas Kemp /s/ Director March 29, 1996
- ---------------------
K. Thomas Kemp
Edward A. Fox /s/ Director March 29, 1996
- ---------------------
Edward A. Fox
Charles E. Hugel /s/ Director March 29, 1996
- ---------------------
Charles E. Hugel
Jefferson W. Kirby /s/ Director March 29, 1996
- ---------------------
Jefferson W. Kirby
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