EAGLE FINANCIAL CORP
8-K, 1997-11-06
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549


                                  FORM 8-K

                        C U R R E N T   R E P O R T


                   Pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934


                              November 6, 1997
              Date of Report (Date Of Earliest Event Reported)


                           EAGLE FINANCIAL CORP.
           (Exact Name Of Registrant As Specified In Its Charter)


                                  Delaware
               (State Or Other Jurisdiction Of Incorporation)


                  0-15311                         06-1194047           
          (Commission File Number)      (IRS Employer Identification No.)

                              222 Main Street
                         Bristol, Connecticut 06010
            (Address Of Principal Executive Offices) (Zip Code)

                               (860) 314-6400
            (Registrant's Telephone Number, including Area Code)


                               NOT APPLICABLE
       (Former Name Or Former Address, If Changed Since Last Report)



               ITEM 5.  OTHER EVENTS.

                         Eagle Financial Corp., a Delaware corporation
               ("Eagle"), announced on November 6, 1997 that it has
               suspended its Dividend Reinvestment and Stock Purchase
               Plan (the "DRP") pending consummation of Eagle's proposed
               merger with Webster Financial Corporation ("Webster")
               announced on October 27, 1997.  The suspension of the DRP
               was required under the terms of the pending merger with
               Webster.

                         Eagle's press release announcing the suspension
               of the DRP is attached hereto as Exhibit 99.1 and is
               incorporated herein by reference.


               ITEM 7.  FINANCIAL STATEMENT AND EXHIBITS.

               (c)  Exhibits

                         99.1      Press Release issued by Eagle
                                   Financial Corp. on November 6, 1997.


                                       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
               hereunder duly authorized.

               Dated:  November 6, 1997


                                        EAGLE FINANCIAL CORP.


                                        By:     /s/ Robert J. Britton
                                        Name:     Robert J. Britton
                                        Title:    President and Chief 
                                                  Executive Officer


                                       EXHIBIT INDEX


               Exhibit
               Number              Description

               99.1           Press Release issued by Eagle Financial Corp.
                              on November 6, 1997.





               [EAGLE LOGO]                                 Exhibit 99.1

               NEWS RELEASE
                                   Contact:  ROBERT J. BRITTON
                                             President & Chief Executive
                                             Officer
                                             860-314-6411

                                             MARK J. BLUM
                                             Chief Financial Officer
                                             860-314-6410


                             EAGLE FINANCIAL CORP. SUSPENDS

                               DIVIDEND REINVESTMENT PLAN

               Bristol, Connecticut, November 6, 1997--Eagle Financial
               Corp. (NASDAQ:EGFC), the holding company for Eagle Bank,
               announced today that in connection with its pending
               merger with Webster Financial Corporation which was
               announced on October 27, 1997, Eagle has suspended its
               Dividend Reinvestment and Share Purchase Plan pending
               consummation of the proposed merger with Webster.  The
               Plan will be terminated upon consummation of the merger. 
               The suspension of the Plan was required under the terms
               of the pending merger with Webster.  As a result of the
               suspension of the Plan, there will be no further
               reinvestment of dividends on Eagle common stock under the
               Plan, including with respect to any dividend to be paid
               by Eagle in the fourth quarter of 1997, and there will be
               no further optional cash purchases of Eagle common stock
               under the Plan, unless and until further notice is given
               by Eagle.  All payments that have been or may be received
               by Eagle or by the Plan administrator for the purpose of
               making optional cash purchases of Eagle common stock
               under the Plan in the fourth quarter of 1997 will be
               returned to Plan participants promptly.

                         Eagle Bank is headquartered in Bristol,
               Connecticut, and offers a full array of innovative
               products and services for the retail and commercial
               market, including 24-hour telephone banking, loans by
               phone, cash management services, debit cards, alternative
               investment products and a full line of deposit and loan
               products.  Eagle Bank operates 26 traditional branch
               offices and 4 supermarket branch offices, in Hartford and
               eastern Litchfield counties.  At September 30, 1997,
               Eagle Financial Corp. had total assets of $2.1 billion,
               total deposits of $1.4 billion and total stockholders'
               equity of $144.7 million.





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