SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 25, 1998
COVEST BANCSHARES, INC.
(Exact name of Registrant as specified in its charter)
Delaware 0-20160 36-3820609
(State or other (Commission File No.) (IRS Employer
jurisdiction of Number)
incorporation)
749 Lee Street, Des Plaines, llinois 60016
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code) 847-294-6500
Item 5. Other Events
On February 24, 1998, the Company issued a press release pertaining to a
regular quarterly dividend. The text of the press release is attached hereto
as Exhibit 99.1
Exhibit 99.1
Des Plaines, IL. Feb 24,1998 - CoVest Bancshares, Inc. (Nasdaq/COVB),
the holding company for CoVest Banc, Des Plaines, Illinois, announced
today that the Company's board of directors has declared an $.08 per
share regular quarterly dividend. This dividend, which is the
13th consecutive regular quarterly dividend, will be payable on March 31,
1998 to holders of record on March 16, 1998.
As of December 31, 1997, CoVest Bancshares had consolidated assets of
$583 million. The Bank operates three full-service offices in Arlington
Heights, Des Plaines, and Schaumburg, and a loan production office
in McHenry.
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: February 25, 1998
COVEST BANCSHARES, INC.
By:/s/_____________________
Larry G. Gillie
President and
Chief Executive Officer
By:/s/_____________________
Paul A. Larsen
Senior Vice President and
Chief Financial Officer
