<PAGE> 1
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 28, 1999
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 60707
- --------------------------------------------------------------------------------
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (773) 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 28, 1999, St. Paul Bancorp, Inc. (the "Company") announced
a new program to repurchase up to 2 million shares (approximately 5%) of
its currently outstanding common stock over the next six months in the
open market (and privately negotiated transactions).
The Company has also announced an increase in its quarterly cash
dividend rate from $0.15 per share, to $0.20 per share. The increase in the
cash dividend rate will be effective with the February 1999 quarterly cash
dividend.
2
<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 28, 1999
3
