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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): April 26, 1999
FEDERAL TRUST CORPORATION
(Exact name of registrant as specified in its charter)
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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
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Winter Park, Florida 32789
(Address of principal executive offices)
Registrant's telephone number: (407) 645-1201
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Item 5. OTHER EVENTS
On April 26, 1999, the Company announced its results of operations for the first
quarter ended March 31, 1999 as follows:
Contacts: James V. Suskiewich, President and CEO (407) 645-1201
Aubrey H. Wright, SVP and CFO (407) 645-1201
For Immediate Release: April 26, 1999
FEDERAL TRUST CORPORATION ANNOUNCES FIRST QUARTER RESULTS
(Winter Park, FL) Federal Trust Corporation ("Company"), the holding company of
Federal Trust Bank ("Bank"), reported earnings for the quarter ended March 31,
1999 of $178,249 or $.04 per share, up from $91,563 or $.02 per share, a year
ago.
During the quarter ended March 31, 1999 the Company's assets grew from
$174,465,323 to $179,844,010 an increase of $5,378,687. Management of the
Company anticipates that the Bank will grow at a prudent rate through the
remainder of 1999.
The Company is a unitary savings and loan holding company based in Winter Park,
Florida. The Company's common stock is currently traded on the NASDAQ SmallCap
Market System under the symbol "FDTR". At March 31, 1999, the Company had
consolidated assets of $179,844,010 (unaudited) and stockholders' equity of
$13,326,436 (unaudited), and the Company had 4,941,547 shares of common stock
outstanding.
When used in this document, or in the documents incorporated by reference
herein, the words "anticipate", "believe", "estimate", "may", "intend" and
"expect" and similar expressions identify forward-looking statements. Actual
results, performance or achievements could differ materially from those
contemplated, expressed or implied by the forward-looking statements contained
herein. It should be recognized that the factors that could cause future results
to vary materially from current expectations include, but are not limited to,
changes in interest rates, competition by other financial institutions,
legislation and regulatory changes, and changes in the economy generally and in
business conditions in the market in which the Bank operates
Pursuant to the requirements of the Securities Act of 1934, the registrant has
duly caused the report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: April 26, 1999
FEDERAL TRUST CORPORATION
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(Registrant)
By: /s/ Aubrey H. Wright, Jr.
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Aubrey H. Wright, Jr.
Chief Financial Officer and duly
authorized Officer of the Registrant
