SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
DECEMBER 18, 1997
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(Date of Earliest Event Reported)
NEW ENGLAND COMMUNITY BANCORP, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 06-1116165
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(Commission File Number) (IRS Employer Identification No.)
OLD WINDSOR MALL, P.O. BOX 130, WINDSOR, CONNECTICUT 06095
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(Address of principal executive offices and zip code)
Telephone: (860) 610-3600
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(Registrant's telephone number, including area code)
<PAGE>
Form 8-K
New England Community Bancorp, Inc.
Commission File No. 0-14550
Item 5. Other Matters
At a meeting held on December 18, 1997, the Board of Directors of
New England Community Bancorp, Inc. ("NECB") voted to declare a 10% stock
dividend payable January 16, 1998 to shareholders of record December 31, 1997.
As a result of the dividend, shares outstanding will increase by 466,252 and
will total 5,128,773.
The Directors also approved payment of a quarterly cash dividend of
$0.09 per share payable February 2, 1998 to stockholders of record December 31,
1997. The regular cash dividend will be applicable to both the current shares
outstanding and the new shares issued as a result of the 10% stock dividend.
Item 7. Exhibit No. Description
99.1 NECB Press Release dated December 18, 1997.
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 hereto duly authorized.
Dated: December 19, 1997 NEW ENGLAND COMMUNITY BANCORP, INC.
By: s/s Anson C. Hall
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Anson C. Hall
Exhibit 99.1--Press Release dated December 18, 1997
NEW ENGLAND COMMUNITY BANCORP, INC.
For more information contact:
CONTACT: Anson C. Hall
Vice President and CFO
(860) 683-4610
NEW ENGLAND COMMUNITY BANCORP APPROVES 10% STOCK
DIVIDEND, & DECLARES QUARTERLY CASH DIVIDEND
WINDSOR, CT, December 18, 1997 -- At a meeting held today, the Board of
Directors of New England Community Bancorp, Inc., (Nasdaq: NECB), voted to
declare a 10% stock dividend payable January 16, 1998 to shareholders of record
December 31, 1997.
The Directors also approved payment of a quarterly cash dividend of $0.09 per
share payable February 2, 1998 to stockholders of record December 31, 1997.
In announcing these actions by NECB's Board of Directors, Chairman and CEO David
A. Lentini noted that the quarterly cash dividend would be applicable to both
the current shares outstanding and the new shares issued as a result of the 10%
stock dividend. He further noted that this will result in an increase of 10% in
the dividend paid to shareholders.
Mr. Lentini went on to say that the Board took the action of increasing the
number of shares outstanding through the 10% stock dividend to increase the
market liquidity of NECB shares.
NECB, with total assets of $521 million, is the parent company of New England
Bank, of Windsor, Connecticut and Equity Bank of Wethersfield, Connecticut.
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