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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): May 28, 1998
FEDERAL TRUST CORPORATION
(Exact name of registrant as specified in its charter)
Florida 33-27139 59-2935028
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(State or other jurisdiction Commission File Number (I.R.S. Employer
of incorporation) Identification No.)
1211 Orange Avenue
Winter Park, Florida 32789
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(Address of principal executive offices)
Registrant's telephone number: (407) 645-1201
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Item 5. OTHER EVENTS
On June 1, 1998 Federal Trust Bank received notification from its primary
regulator, the Office of Thrift Supervision ("OTS"), in a letter dated May 28,
1998, that the individual Cease and Desist Orders against Federal Trust Bank and
Federal Trust Corporation had been terminated by the OTS. Both Cease and Desist
orders had been issued on October 3, 1994 by the OTS, and management of the Bank
and the Corporation had, on January 22, 1998, requested that the orders be
terminated based on the improved rating received by Bank from the OTS in its
most recent examination and the infusion of $3,700,000 in additional capital
into the Bank by Federal Trust Corporation in December, 1997.
FEDERAL TRUST CORPORATION
(Registrant)
By: /s/ Aubrey H. Wright, Jr.
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Aubrey H. Wright, Jr.
Chief Financial Officer and duly authorized
Officer of the Registran
