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):February 7, 1996
Saratoga Bancorp
(Exact name of registrant as specified in its charter)
California
(State or other jurisdiction of incorporation)
2-77519-LA 94-2817587
(Commission File Number) (IRS Employer Identification No.)
12000 Saratoga-Sunnyvale Road, Saratoga, CA 95070
(Address of principal executive office and ZIP code)
Registrant's telephone number, including area code: (408) 973-1111
None
(Former name or former address, if changed since last report)
PAGE 1 OF 4 PAGES
Exhibit at Page 4
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Item 5. Other Events
On January 26, 1996, the Board of Directors of Saratoga
Bancorp declared a seven and one-half cent ($0.075) cash dividend
on the outstanding shares of Common Stock of Saratoga Bancorp, to
be payable on March 29, 1996 to shareholders of record at the close
of business on February 23, 1996.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
(21) Press Release issued on 2/7/96 describing cash
dividend
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<PAGE>
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.
SARATOGA BANCORP
(Registrant)
By: ____________________________
Mary Page Rourke
Senior Vice President
Treasurer (Principal
Financial and
Accounting Officer)
Date: February 7, 1996
PAGE 3 OF 4 PAGES
Richard L. Mount
12000 Saratoga-Sunnyvale Rd.
Saratoga, CA 95070
(408) 973-1111
FOR IMMEDIATE RELEASE
SARATOGA BANCORP INCREASES DIVIDEND PAYMENT
Saratoga Bancorp, parent company for Saratoga National Bank, announced a
$0.075 per share cash dividend effective for shareholders of record as of
February 23, 1996. The dividend will be paid on March 29, 1996. This
dividend represents a 50 percent increase over the dividends paid in
March and September of 1995.
The consolidated companies ended 1995 with total assets of $100,927,000
-- the first time that total assets eclipsed the $100,000,000 mark -- and
reported net income of $881,000, or $0.82 per share for the year ended
December 31, 1996, an increase of 34 percent over the prior year.
Saratoga National Bank operates offices in Saratoga, Los Gatos and
San Jose.
February 7, 1996 Unaudited