<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):May 21, 1998
Saratoga Bancorp
(Exact name of registrant as specified in charter)
California
(State or other
jurisdiction of
incorporation)
2-77519-LA 94-2817587
(Commission (IRS Employer
File Number) Identification No.)
12000 Saratoga-Sunnyvale Road, Saratoga, CA 95070
(Address of principal executive offices and ZIP code)
None
(Former name or former address, if changed since last report)
Registrant's telephone number, including area code: (408)973-1111
PAGE 1 OF 3 PAGES
<PAGE> 2
Item 5. Other Events.
The shareholders of Saratoga Bancorp took the following
action at the Annual Meeting of Shareholders held on
May 21, 1998 at the Corporation's main office located
at 12000 Saratoga-Sunnyvale Road, Saratoga, California:
1. Approved the election of management's slate of nominees
for director, each of whom was an incumbent director, as
follows:
Votes
For Withheld
Victor Aboukhater 857,563 6,977
Robert G. Egan 857,653 6,977
William D. Kron 857,653 6,977
John F. Lynch, III 857.653 6,977
V. Ronald Mancuso 857,633 6,977
Richard L. Mount 858,756 5,874
2. Approved the amendments of the 1994 Stock Option Plan
to increase the maximum number of shares available for
options.
Votes in favor of this proposal 718,499
Votes against this proposal 33,609
Votes abstaining 5,675
3. Approved the appointment of Deloitte & Touche LLP as
independent public accountants for the 1998 fiscal
year.
Votes in favor of this proposal 859,290
Votes against this proposal 2,700
Votes abstaining 2,640
PAGE 2 of 3
<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
Mary Page Rourke
Treasurer and Chief
Financial Officer
Date: June 10, 1998
THIS IS PAGE 3 OF 3 PAGES
