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) December 29, 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 Tuesday, December 29, 1998, the Company issued a press release
announcing the completion of the Stock Repurchase Program dated
August 25, 1998.
Item 7. EXHIBIT 99.1
Des Plaines, Illinois December 29, 1998 - - CoVest Bancshares, Inc.
(Nasdaq:COVB) the holding company for CoVest Banc in Des Plaines,
Illinois, announced the completion of the Stock Repurchase Program dated
August 25, 1998. A total of 101,823 shares were repurchased
at an average price of $13.32.
As of September 30, 1998, CoVest Bancshares, Inc. had consolidated
assets of $581 million. The Bank operates full-service offices in
Arlington Heights, Des Plaines and Schaumburg, and mortgage offices in
Aurora and McHenry.
Contact: Paul A. Larsen, Sr. Vice President & Treasurer of CoVest Bancshares,
Inc. 847-294-6500
SIGNATURE
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: December 29, 1998 COVEST BANCSHARES, INC.
By:/s/ Paul A. Larsen
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Paul A. Larsen
Senior Vice President and
Chief Financial Officer
