<PAGE> 1
UNITED STATES OMB NUMBER
SECURITIES AND EXCHANGE COMMISSION 3235-0058
Washington, D.C. 20549 SEC FILE NUMBER
0-12851
FORM 12b-25 CUSIP NUMBER
055483101
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: December 31 1994
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
---------------------------------
------------------------------------------------------------------------------
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
------------------------------------------------------------------------------
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
------------------------------------------------------------------------------
PART I -- REGISTRANT INFORMATION
BKLA Bancorp
------------------------------------------------------------------------------
Full Name of Registrant
n/a
------------------------------------------------------------------------------
Former Name if Applicable
8901 Santa Monica Boulevard
------------------------------------------------------------------------------
Address of Principal Execution Office (Street and Number)
West Hollywood, California 90069
------------------------------------------------------------------------------
City, State and Zip Code
PART II--RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rules 12b-25(b), the following
should be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in
Part III of this form could not be eliminated
without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual
report, transition report on Form 10-K, Form
20-F, 11-K, Form N-SAR, or portion thereof,
will be filed on or before the fifteenth
calendar day following the prescribed due
date; or the subject quarterly report of
transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth
calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit
required by Rule 12b-25(c) has been attached
if applicable.
<PAGE> 2
PART III--NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period. (ATTACH EXTRA SHEETS IF NEEDED)
See Exhibit 1
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
<TABLE>
<S> <C> <C>
Allen Partridge 310 843-1470
--------------------------------------- ----------- ------------------
(Name) (Area Code) (Telephone Number)
</TABLE>
(2) Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of
the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was
required to file such report(s) been filed? If answer is no,
identify report(s).
[X] Yes [ ] No
------------------------------------------------
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be
included in the subject report of portion thereof?
[ ] Yes [X] No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be
made.
------------------------------------------------------------------------------
BKLA Bancorp
--------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date March 31, 1995 By /s/ Allen Partridge
--------------------------- -------------------------------------
Allen Partridge,
Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant
or by any other duly authorized representative. The name and title of the
person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.
ATTENTION
------------------------------------------------------------------------------
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001)
------------------------------------------------------------------------------
(Attach Extra Sheets If Needed)
<PAGE> 3
EXHIBIT INDEX
<TABLE>
<S> <C> <C>
Exhibit 1 Part III - Narrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4
</TABLE>
<PAGE> 1
Exhibit 1
PART III - NARRATIVE
Registrant's Annual Report on Form 10-K (the "Form 10-K")
could not be filed within the period prescribed for such report without
unreasonable effort or expense due to uncertainty relating to the consummation
of a purchase of securities by Investors Banking Corporation ("IBC"). Pursuant
to the terms of a Stock Purchase Agreement by and among the Registrant, its
wholly owned subsidiary, Bank of Los Angeles (the "Bank"), and IBC, dated July
28, 1994, as amended, IBC purchased 2,019,006 units of securities, with each
unit consisting of two shares of common stock and one warrant to purchase
Registrant's common stock for $.75 per share, for $3,028,509. The sale of the
units was consummated on March 29, 1995. Following the consummation of this
transaction, Registrant agreed to issue additional units to IBC for
approximately $520,000. The second sale of units was consummated March 30,
1995.
In preparing the Form 10-K, Registrant did not anticipate the
second sale of units and was uncertain as to the timing of the consummation of
the first sale of units. Consequently, Registrant has had to revise the
disclosure set forth in the Form 10-K to accurately reflect the consummation of
these transactions. Inasmuch as the Bank has been operating under the terms
of a cease and desist order and has been declared significantly
undercapitalized under the prompt corrective action provisions, Registrant
believes it is important to disclose in the Form 10-K the new capital levels of
the Bank resulting from the recent capital infusion. Accordingly, Registrant
must make substantial revisions to the Form 10-K, which revisions cannot be
made within the prescribed time period without unreasonable effort or expense.
(Attach Extra Sheets If Needed)
