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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): January 17, 1994
St. Paul Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Delaware 01-15580 36-3504665
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
6700 West North Avenue
Chicago, Illinois 60635
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(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.
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Item 5. Other Events
St. Paul Bancorp, Inc. (the "Company") announced that Faustin
A. Pipal, Vice Chairman of the Board of Directors of the Company and its
subsidiary, St. Paul Federal Bank For Savings, died on January 17, 1994.
A copy of the press release dated January 18, 1994 is attached
as an exhibit.
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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 19, 1994
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[Letterhead of St. Paul Bancorp Inc.]
FOR IMMEDIATE RELEASE
Contact: Susan H. Fisher
(312) 804-2284
ST. PAUL MOURNS DEATH OF VICE CHAIRMAN FAUSTIN A. PIPAL
Chicago, IL, January 18, 1994 -- St. Paul Bancorp, Inc. (NASDAQ: SPBC), the
holding company for Chicago-based St. Paul Federal Bank For Savings, mourns the
passing of Faustin A. Pipal, former Chairman of its Board of Directors. Mr.
Pipal, 72, died in his sleep on January 17, 1994, while accompanying his sons
on a visit to the Chicago Cubs' Fantasy Baseball Camp in Mesa, Arizona. At the
time of this death, Mr. Pipal served as Vice Chairman of St. Paul's Board of
Directors.
Born and raised in Chicago, Mr. Pipal joined St. Paul Federal in 1962 as Vice
President of Administration, was appointed President and Chief Executive
Officer in 1968, and was named Chairman of the Board in 1971. He served as
Chief Executive Officer through 1982
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Faustin A. Pipal - page 2
and Chairman of the Board through 1989, when he was elected Vice Chairman of
the Board. After receiving his juris doctor degree from Boston College Law
School, Mr. Pipal held the position of Vice President-Operations with Talman
Federal Savings and Loan Association (currently LaSalle Talman Bank, F.S.B.).
In addition to his distinguished career within the financial services industry,
Mr. Pipal was perhaps best known for his commitment to improving living
standards and the overall quality of life within the local community. At the
time of his death, Mr. Pipal served as a director of the Austin Career
Education Center, Institute of Urban Life, Neighborhood Housing Services of
Chicago, and the Institute of Rehabilitation Engineering. Mr. Pipal was the
founder and former chairman of the Chicago Area Renewal Effort Services
Corporation (RESCORP), as well as a former director of Illinois Benedictine
College, where he helped found the Institute for Management (IFM), a
non-degreed Certificate of Management program. He served from 1985 through
1992 as a trustee of the Adler School of Professional Psychology (Chicago).
Mr. Pipal also served as a director of the Bonaventure House and was a
director of the former Mayslake Retreat House in Oak Brook. He was a former
director of the Metropolitan Housing and Planning Council and was a founding
director of Business Executives for
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Faustin A. Pipal - Page 3
Economic Justice (BEEJ).
"Faustin Pipal lived a full and exemplary life, devoted to the community, the
financial services industry, his country and, above all, to his family and to
his religion," said Joseph C. Scully, Chairman of the Board and Chief Executive
Officer, who succeeded Mr. Pipal as CEO in 1982 and as Chairman in 1989. "His
wise counsel and leadership in St. Paul's development contributed much to our
heritage of success and will be deeply missed."
Mr. Pipal was a Knight of Malta. He was a past president of the Federal
Savings and Loan Council of Illinois, past director of the Federal Home Loan
Bank of Chicago, and was a member of the Illinois Bar Association. Mr. Pipal
was a member of St. John of the Cross Parish in Western Springs, Illinois. In
addition, he served proudly as a Naval aviator during World War II.
Mr. Pipal is survived by his wife, Florence C. Pipal, a registered nurse at
Hinsdale Hospital; four children; three step-children; and eight grandchildren.
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