<PAGE> 1
THIS CONFORMING PAPER
FORMAT DOCUMENT IS BEING
SUBMITTED PURSUANT TO
RULE 901(D) OF REGULATION S-T
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): January 13, 1994
St. Paul Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Delaware 01-15580 36-3504665
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
6700 West North Avenue
Chicago, Illinois 60635
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (312) 622-5000
Not Applicable
(Former name or former address, if changed since last report)
Page 1 of 3 Pages.
<PAGE> 2
Item 5. Other Events
On January 13, 1994 St. Paul Bancorp, Inc. (the "Company") announced
that it intends to repurchase up to 984,000 shares (approximately 5%) of its
currently outstanding common stock over the next six months in the open market
(and privately negotiated transactions).
A copy of the press release dated January 13, 1994 is attached as an
exhibit.
<PAGE> 3
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.
ST. PAUL BANCORP, INC.
(Registrant)
/s/ Patrick J. Agnew
Patrick J. Agnew
President
Attest:
/s/ Clifford M. Sladnick
Clifford M. Sladnick
Senior Vice President, General
Counsel and Corporate Secretary
Date: January 14, 1994
<PAGE> 1
[LOGO] ST PAUL BANCORP INC. NEWS
Holding Company For
St. Paul Federal Bank
For Immediate Release
6700 West North Avenue Date: January 13, 1994
Chicago, Illinois 60635 Contact: Robert N. Parke
(313) 622-5000 (312) 804-2360
or
Susan H. Fisher
(312) 804-2284
St. Paul Bancorp Announces Stock Repurchase Program
Chicago, IL, January 13, 1994 -- St. Paul Bancorp, Inc. (NASDAQ: SPBC), the
holding company for Chicago-based St. Paul Federal Bank For Savings, today
announced that it intends to repurchase up to 984,000 shares (approximately 5%)
of its currently outstanding common stock from time to time over the next six
months in open market (and privately negotiated) transactions. Under the
program, no shares would knowingly be purchased from officers or directors of
St. Paul Bancorp.
Commenting on the repurchase program, Joseph C. Scully, Chairman and
Chief Executive Officer, said "The Board of Directors considers St. Paul
Bancorp's stock to be an attractive investment at this time. Our primary
objective in authorizing the repurchase program is to increase return on
equity and earnings per share of those shares of St. Paul Bancorp stock that
remain outstanding after the repurchases."
St. Paul Bancorp, which presently has 19,683,981 shares of common stock
outstanding, is the holding company for St. Paul Federal Bank For Savings, the
largest independent thrift based in Illinois. St. Paul Federal operates 50
retail banking offices throughout metropolitan Chicago. The Company also
provides discount brokerage, insurance, annuity and real estate
-more-
<PAGE> 2
St. Paul Bancorp, Inc.
Stock Repurchase - Page 2
development services through other subsidiaries.
# # #
