FIRSTFED BANCORP INC
10QSB/A, 1999-02-19
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                  FORM 10-QSB/A

(Mark One)

|_|      QUARTERLY  REPORT  UNDER  SECTION 13 OR 15(d)OF  THE  SECURITIES
         EXCHANGE  ACT OF 1934 FOR THE  QUARTERLY PERIOD ENDED JUNE 30, 1998
|X|      TRANSITION  REPORT UNDER  SECTION 13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934 FOR THE  TRANSITION PERIOD FROM APRIL 1, 1998 TO
         DECEMBER 31, 1998

                         Commission File Number: 0-19609

                             FirstFed Bancorp, Inc.
        -----------------------------------------------------------------
        (Exact name of Small Business Issuer as specified in its charter)

           Delaware                                        63-1048648
- --------------------------------                     -------------------
(State or other jurisdiction of                        (I.R.S. Employer
  incorporation or organization)                     Identification No.)

     1630 Fourth Avenue North
       Bessemer, Alabama                                      35020
- ----------------------------------------                   ----------
(Address of principal executive offices)                   (Zip Code)

 Issuer's telephone number, including area code: (205) 428-8472

Check  whether the issuer (1) filed all reports  required to be filed by 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),  and (2) has been subject to such filing  requirements for the past 90
days.

         YES    [X]                   NO

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date.

            Class                          Outstanding at August 13, 1998
- ----------------------------               ------------------------------
Common Stock, $.01 par value                      2,434,544 shares

Transitional Small Business Disclosure Format
(Check one):

         YES    [X]                   NO
<PAGE>
                             FIRSTFED BANCORP, INC.

     The Registrant is amending its Quarterly  Report on Form 10-QSB to indicate
that such Report is a transition  report for the transition period from April 1,
1998 to December 31, 1998.
<PAGE>
                                   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 thereunto duly authorized.

                                            FIRSTFED BANCORP, INC.


Date: February 16, 1999                     \s\ B. K. Goodwin, III             
      -----------------                     ------------------------------------
                                            B. K. Goodwin, III,
                                            Chairman of the Board,
                                            Chief Executive Officer
                                            and President

Date: February 16, 1999                     \s\ Lynn J. Joyce         
      -----------------                     ------------------------------------
                                            Lynn J. Joyce
                                            Chief Financial Officer,
                                            Vice President, Secretary and
                                            Treasurer


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