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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SEC File Number 0-17539
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-KSB [ ] Form 11-K [ ] Form 20-F [X] Form 10-QSB
For Period Ended: September 30, 1998
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Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: N/A
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Part I - Registrant Information
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Full Name of Registrant Madison Bancshares Group, Ltd.
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Former Name If Applicable N/A
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Address of Principal Executive Office
(Street and Number) 1767 Sentry Parkway West
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City, State and Zip Code Blue Bell, Pennsylvania 19422
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Part II - Rules 12b-25 (b) and (c)
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If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report/portion thereof will be filed on or
before the fifteenth calendar day following the prescribed
[X] due date; or the subject quarterly report/portion thereof will
be filed on or before the fifth calendar day following the
prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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Part III - Narrative
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Due to the existence of certain circumstances beyond the control of the
registrant, it was difficult, if not impossible, for the registrant to file its
quarterly report on Form 10-QSB by September 30, 1998. The registrant is in the
process of amending its financial statements for the applicable period to
properly restate certain income statement items.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
E. Cheryl Hinkle (215) 641-1111
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required (under Section 13 or 15(d) of
the Securities Exchange Act of 1934) during the preceding 12 months (or
for such shorter period that the registrant was required to file such
reports) been filed? If answer no identify reports(s). [ X ] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof? [ ] Yes [ X ] No
MADISON BANCSHARES GROUP, LTD.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: November 16, 1998 By:/s/ E. CHERYL HINKLE
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E. Cheryl Hinkle
Vice President
