SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) August 7, 1998
COVEST BANCSHARES, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-20160 36-3820609
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(State or other (Commission File (I.R.S.
Employer jurisdiction Number) Identification
No.) No.)
749 Lee Street, Des Plaines, Illinois 60016
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 294-6500
Item 5. OTHER EVENTS
On Friday, August 7, 1998, the Company issued a press
release pertaining to completion of the Stock Repurchase
Program dated May 12, 1998. The text of the press release
is attached hereto as Exhibit 99.1.
Item 7. Exhibit 99.1
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.
Dated: August 7, 1998
By: /s/ Larry G. Gillie
Name: Larry G. Gillie
Title: President &
Chief Executive Officer
By: /s/ Paul A. Larsen
Name: Paul A. Larsen
Title: Senior Vice President &
Chief Financial Officer
Item 7 EXHIBIT 99.1
CoVest Bancshares, Inc. Completes 13th Stock Repurchase Program
DES PLAINES, IL, August 7, 1998 -- CoVest Bancshares, Inc.
(Nasdaq/COVB), the holding company for CoVest Banc, Des Plaines, Illinois,
announced the completion of the Stock Repurchase Program dated May 12, 1998.
A total of 103,115 shares were repurchased at an average price of $18.28.
As of June 30, 1998, CoVest Bancshares, Inc. had consolidated assets
of $588.3 million, and the Bank operates three full-service offices in
Arlington Heights, Des Plaines and Schaumburg, and a mortgage center in
McHenry, Illinois.
