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): September 27,
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
<PAGE> 2
Item 5. Other Events
On September 26, 1996, the Board of Directors of Saratoga
Bancorp declared a ten cent ($0.10) cash dividend on the
outstanding shares of Common Stock of Saratoga Bancorp, to be
payable on November 6, 1996 to shareholders of record at the close
of business on October 23, 1996.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
(21) Press Release issued on 9/27/96 describing cash
dividend.
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<PAGE> 3
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: ____________________________
Richard L. Mount
President
(Principal Executive
Officer)
Date: October 2, 1996
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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, is pleased
to announce that its financial performance year-to-date in 1996 had provided
the Company with the ability to return a portion of the profits to its
shareholders. Saratoga Bancorp announced a $0.10 per share cash dividend
effective for shareholders of record as of October 23, 1996. The dividend
will be paid on November 6, 1996. This dividend represents a 33 percent
increase over the dividend paid in March, 1996 and a 50 percent increase
over the dividends paid in March and September of 1995.
Saratoga National Bank operates offices in Saratoga, Los Gatos and San
Jose.
September 27, 1996 Unaudited
