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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): April 26, 1996
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BANPONCE CORPORATION
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(Exact name of registrant as specified in its charter)
COMMONWEALTH OF PUERTO RICO NO. 0-13818 NO. 66-0416582
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
209 MUNOZ RIVERA AVENUE
HATO REY, PUERTO RICO 00918
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (787) 765-9800
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On April 26, 1996, the Board of Directors of BanPonce Corporation
(the "Corporation"), authorized a stock split in the form of a stock dividend
of one share for each share of common stock outstanding, bringing total
outstanding shares to 66,001,180. The new shares will be distributed on July
1, 1996 to the shareholders of record on June 14, 1996.
The Board also approved an increase of the quarterly cash dividend
to $0.18 per common share for the third quarter of 1996. This represents an
increase of 20 percent over the $0.15 per share, after adjustment to reflect
the split, paid in previous quarterly cash dividends. The dividend is payable
on July 1, 1996 to shareholders of record on June 14, 1996.
A copy of the Corporation's news release, dated April 26, 1996, is
attached hereto as Exhibit 99(a) and is hereby incorporated by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99(a) News release, dated April 26, 1996, announcing the stock
split and the increase of the quarterly cash dividends.
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SIGNATURE
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 hereunto duly authorized.
BANPONCE CORPORATION
(Registrant)
Date: May 6, 1996 By: /s/ Amilcar L. Jordan, Esq.
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Name : Amilcar L. Jordan, Esq.
Title: Senior Vice President and Comptroller
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Exhibit Index
Exhibit Number Description
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99(a) News release, dated April 26, 1996
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EXHIBIT 99(a)
April 26, 1996
NEWS RELEASE
The Board of Directors of BanPonce Corporation, at its meeting held
today, authorized a stock split of one share for each share outstanding,
bringing total outstanding shares to 66,001,180. The new shares will be
distributed on July 1, 1996 to the shareholders of record on June 14, 1996.
The Board also approved an increase of the quarterly cash dividend to
$0.18 per common share for the third quarter of 1996. This represents an
increase of 20 percent over the $0.15 per share, after adjustment to reflect
the split, paid in previous quarterly cash dividends. The dividend is payable
on July 1, 1996 to shareholders of record on June 14, 1996.
For more information, please contact Mr. Jorge A. Junquera, Senior
Executive Vice President, at (787) 754-1685.
