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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
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 22, 1997
MADISON BANCSHARES GROUP, LTD
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(Exact name of registrant as specified in charter)
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Pennsylvania 846809 23-2512079
(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
1767 Sentry Parkway West, Blue Bell, PA 19422
(Address of principle executive offices) (Zip Code)
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Registrant's telephone number, including area code (215) 641-1111
This document consists of 3 pages
Exhibit Index Appears on page 2 hereof
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Item 5 - Other Events
On January 21, 1997, the Board of Directors declared a stock dividend in
the amount of seven and a half (7-1/2%) percent, payable in shares of the
Registrant's common stock. Such dividend is payable on or about February
21, 1997 to holders of the Registrant's shares of common stock on February
5, 1997. No fractional shares will be issued in connection with such
dividend.
The Registrant issued a press release regarding such dividend on January
23, 1997.
Item 7 - Financial Statements and Exhibits
Exhibit 1 - Press release of the Registrant, Dated January 23, 1997
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.
MADISON BANCSHARES GROUP , LTD
(Registrant)
Date: January 23, 1997 By: /s/ E. Cheryl Hinkle
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Name: E. Cheryl Hinkle
Title: Vice President
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NEWS For Immediate Release
RELEASE Contact: Vito DeLisi
Madison Bank
(215) 641-111
MADISON BANK OF BLUE BELL
ANNOUNCES PAYMENT OF 7-1/2% STOCK DIVIDEND
BLUE BELL, PA, January 23, 1997 --- Madison Bancshares Group, Ltd., the
Pennsylvania bank holding company of Madison Bank of Blue Bell, PA, has
announced the declaration of a 7-1/2% stock dividend, payable in shares of the
Corporation's common stock, to shareholder of record of the Corporation's
971,360 shares of common stock as of February 5, 1997. The dividend will be
payable on or about February 20, 1997. No fractional shares will be issued in
conjunction with this dividend.
According to the Madison Bank CEO, Vito A. DeLisi, "This stock dividend
payment represents the continued success of Madison Bank's community banking
approach in the suburban Philadelphia financial market."
Madison Bank, headquartered in Blue Bell, PA, Plymouth Square Shopping
Center, Conshohocken, PA, Village of Centre Square, Blue Bell, PA and on
Lancaster Avenue in Stafford, PA. Madison services commercial and personal
accounts, offering services including: early morning, late evening and weekend
banking hours; commercial, person and mortgage loans; and money market and
checking accounts with free MAC transactions. For further information, please
call (215) 641-1111.
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