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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)
October 28, 1996
AMB FINANCIAL CORP.
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(Exact name of Registrant as specified in its charter)
Delaware 0 - 23182 35-1905382
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation) No.)
8230 Hohman Avenue, Munster, Indiana 46321
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (219) 836-5870
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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On October 28, 1996, AMB Financial Corp. ("AMB") issued the
attached press release announcing a 4% stock repurchase to fund its
Recognition and Retention Plan and the payment of a cash dividend.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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(c) Exhibits:
Exhibit 99 - Press release dated October 28, 1996
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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.
AMB FINANCIAL CORP.
Date: October 29, 1996 By:/S/CLEMENT B. KNAPP, JR.
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Clement B. Knapp, Jr.
President and Chief Executive
Officer
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FOR MORE INFORMATION FOR IMMEDIATE RELEASE
Contact: Clement B. Knapp, Jr.
President
(219) 836-5870
Date: October 28, 1996
AMB Financial Corp.
Announces Stock Repurchase Program and Payment of Cash Dividend
MUNSTER, Indiana, October 28, 1996 -- AMB Financial Corp., (Nasdaq Small
Cap Market: AMFC) the holding company for American Savings, FSB (the "Bank")
announced that the Company intends to repurchase approximately 4% of the
outstanding shares of common stock in the open market over a six month period
in order to fund the Company's Recognition and Retention Plan. The shares
will be purchased at prevailing market prices from time to time depending upon
market conditions.
Clement B. Knapp, Jr., President of the Company, stated, "By using
repurchased stock to fund our Plan, stock ownership by our shareholders will
not be diluted."
AMB Financial Corp., also announced that the Corporation will pay a cash
dividend of $.06 per share. The dividend will be payable on November 28, 1996
to shareholders of record on November 15, 1996.
American Savings, FSB serves Lake County, Indiana through four retail
offices. As of September 30, 1996, the Company had assets of $83.5 million,
deposits of $64.4 million and shareholders' equity of $16.2 million. At
September 30, 1996, the Company had 1,124,125 outstanding shares.
