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 18, 1998
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)
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Item 5 Other Events
On September 18, 1998, the Board of Directors of Saratoga Bancorp
decleared a ten cent ($0.10) cash dividend on the outstanding shares of
Common Stock of Saratoga Bancorp, to be payable on November 6, 1998 to
shareholders of record at the close of business on October 23, 1998.
Item 7 Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
(21) Press Release issued on 9/30/98 describing cash dividend.
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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.
SARATOGA BANCORP
(Registrant)
By: ____________________________
Mary Page Rourke
Senior Vice President
Treasurer (Principal
Financial and
Accounting Officer)
Date: September 30, 1998
PAGE 3 OF 3 PAGES
FOR IMMEDIATE RELEASE
SARATOGA BANCORP ANNOUNCES 50% INCREASE IN DIVIDEND PAYMENT
Saratoga Bancorp, parent company for Saratoga National Bank, is pleased to
announce that its financial performance in 1998 has provided the Company with
the ability to return a portion of its profits to its shareholders. A $0.10
per share cash dividend, effective for shareholders of record as of October 23,
1998, 1998, will be paid on November 6, 1998.
With a strong emphasis on relationship banking, Saratoga National has
established itself as one of the most consistantly prosperous banks
of its size in the U.S. Saratoga National Bank operates offices in Saratoga,
Los Gatos and San Jose.
Richard L. Mount
12000 Saratoga-Sunnyvale Rd.
Saratoga, CA 95070
(408) 973-1111
September 30, 1998 Unaudited
