<PAGE> 1
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):April 1, 1997
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 April 1, 1997, 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 May 13, 1997
to shareholders of record at the close of business on April 29,
1997.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
(21) Press release issued on April 4, 1997 describing
cash dividend.
PAGE 2 OF 4 PAGES
<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: ____________________________
Mary Page Rourke
Senior Vice President
Treasurer (Principal
Financial and
Accounting Officer)
Date: April 7, 1997
PAGE 3 OF 4 PAGES
FOR IMMEDIATE RELEASE
SARATOGA BANCORP ANNOUNCES DIVIDEND PAYMENT
Saratoga Bancorp, parent company for Saratoga National Bank, is pleased to
announce that its financial performance year-to-date in 1997 has 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 April 29, 1997. The dividend will be paid
on May 13, 1997.
Saratoga National Bank operates offices in Saratoga, Los Gatos and San Jose.
April 4, 1997
