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 3, 1999
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 May 3, 1999, the Board of Directors of Saratoga Bancorp
announced the conclusion of its stock repurchase program which commenced on
December 10, 1998. The press release detailing this transaction is attached
as Exhibit 99.1.
Item 7 Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
(21) Press Release issued on 5/3/99 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)
MARY PAGE ROURKE
By: ____________________________
Mary Page Rourke
Senior Vice President
Treasurer (Principal
Financial and
Accounting Officer)
Date: May 3, 1999
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Exhibit 99.1
FOR IMMEDIATE RELEASE
Saratoga Bancorp(OTC BB:SRTB), announces conclusion of stock repurchase.
The Board of Directors of Saratoga Bancorp, the parent company of Saratoga
National Bank, announced the conclusion of its stock repurchase program
effective May 3, 1999. Richard L. Mount, Chairman and CEO of Saratoga Bancorp,
stated that the objectives of the buyback were accomplished, with nearly
69,000 shares being repurchased. The company currently has 1,612,725 shares
outstanding and approximately 257 shareholders.
Saratoga National Bank operates offices in Saratoga, Los Gatos and
San Jose.
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May 3, 1999
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