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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported): JULY 30, 1996
................
GREATER COMMUNITY BANCORP
.................................................................
(Exact name of registrant as specified in its charter)
NEW JERSEY 0-14294 22-2545165
.................................................................
(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
55 UNION BOULEVARD, TOTOWA, NEW JERSEY 07512
.................................................................
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 201-942-1111
..............
.................................................................
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On July 30, 1996, Greater Community Bancorp (formerly
Great Falls Bancorp) announced that its Board of Directors had
approved a plan to reacquire the Corporation's shares from time to
time in the open market.
Shares acquired under the plan will be used to assist in
funding obligations under outstanding stock options, the Dividend
Reinvestment Plan and for stock dividends that may be issued in the
future.
Total shares reacquired under the plan will not exceed 10% of
the Corporation's outstanding shares in any 24-month period, and
the gross consideration paid for the aggregate of all stock
reacquisitions during any 12-month period will be less than 10% of
the Corporation's consolidated net worth unless the Corporation
receives approval from the Federal Reserve Board.
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 hereunto duly authorized.
GREAT FALLS BANCORP
..............................
(Registrant)
August 5, 1996 /s/ George E. Irwin
Date ......................... ..............................
(Signature)
GEORGE E. IRWIN
PRESIDENT AND C.O.O.
