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 20, 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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<PAGE> 2
Item 5 Other Events
On February 20, 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 April 14, 1998 to
shareholders of record at the close of business on March 31, 1998.
Item 7 Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
(21) Press Release issued on 2/25/98 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: February 27, 1998
PAGE 3 OF 3 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 in 1997 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 March 31, 1998, will be paid on April 14, 1998.
An area leader in construction lending, Saratoga National Bank recently
celebrated 15 years of service to businesses and individuals in Silicon Valley.
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
February 25, 1998 Unaudited
