SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): April 23, 1996
BNH BANCSHARES, INC.
(Exact Name of Registrant as Specified in its Charter)
CONNECTICUT 06-1126899
(State or Other Jurisdiction of (I.R.S. Employer Identification
Incorporation) Number)
0-14018
Commission File Number
209 Church Street, New Haven, Connecticut 06510
(Address of Principal Executive Offices) (Zip Code)
(203) 498-3500
(Registrant's telephone number,
including area code)
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Item 5. Other Events
On April 23, 1996, BNH Bancshares, Inc. (the "Company") announced
shareholder approval of the one-for-four reverse stock split of its
Common Stock, no par value. The reverse stock split is anticipated to
become effective at the close of business on May 1, 1996. The Company's
April 23, 1996 press release announcing shareholder approval of the
reverse stock split is filed herewith as Exhibit 99 and is incorporated
herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(a) and (b) -- Inapplicable.
(c) Exhibits
(99) Press Release, dated April 23, 1996, announcing shareholder
approval of the Company's one-for-four reverse stock split to
become effective at the close of business on May 1, 1996.
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.
BNH BANCSHARES, INC.,
Registrant
By /s/ John F. Trentacosta
____________________________
John F. Trentacosta
Executive Vice President and
Chief Financial Officer
DATED: April 25, 1996
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. PAGE
99 Press Release, dated April 23, 1996, announcing
shareholder approval of the Company's one-for-four
reverse stock split to become effective at the
close of business on May 1, 1996.
EXHIBIT 99
BNH BANCSHARES, INC.
FOR IMMEDIATE RELEASE
April 23, 1996
NASDAQ SYMBOL - BNHB
CONTACT:
JOHN F. TRENTACOSTA
Executive Vice President &
Chief Financial Officer
BNH BANCSHARES, INC. OBTAINS SHAREHOLDER APPROVAL
FOR REVERSE STOCK SPLIT
BNH Bancshares, Inc. (the "Company" or "BNH"), a bank holding company
and the parent company of The Bank of New Haven, obtained shareholder
approval at today's Annual Meeting to effect a one-for-four reverse stock
split with respect to BNH's common stock. As a result of the proposed
stock split, each four shares of the Company's issued common stock will
automatically convert into one share of the Company's common stock.
The reverse split is anticipated to become effective at the close of
business on May 1, 1996, and BNH's common stock is expected to begin
trading on a basis reflecting the reverse split at the opening of business
on May 2, 1996.
F. Patrick McFadden, Jr., the Company's President and CEO, stated "We
believe that the reverse split will result in a higher per share market
price which should serve to qualify the stock for investment by a larger
number of institutional investors, support margin trading and result in a
broader trading market for the stock."
Apart from the purchase of a relatively small number of resulting
fractional shares at their market price, the reverse stock split will not
affect the Company's capitalization or the relative percentage ownership of
the outstanding common stock among shareholders.
As of March 31, 1996, BNH had total assets of approximately $297
million. The Bank of New Haven has branch offices throughout the greater
New Haven area, including its main office and corporate headquarters at 209
Church Street, New Haven, Connecticut.
