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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 9, 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 9, 1996, AMB Financial Corp. ("AMB") issued the
attached press release announcing a stock repurchase program.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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(c) Exhibits:
Exhibit 99 - Press release dated October 9, 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 9, 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 9, 1996
AMB FINANCIAL CORP.
ANNOUNCES STOCK REPURCHASE PROGRAM
MUNSTER, INDIANA, October 9, 1996 - AMB Financial Corp. (Nasdaq: AMFC),
the holding company for American Savings, FSB, announced today its intention
to repurchase up to 5% of its outstanding shares of common stock in the open
market over the next twelve months. The shares will be purchased at
prevailing market prices from time to time depending upon market conditions.
Clement B. Knapp, Jr., President and Chief Executive Officer of the
Company, indicated that the Board of Directors approved the repurchase program
in view of the current price level of the Company's common stock and the
strong capital position of American Savings, FSB. Mr. Knapp stated that "We
believe that the repurchase of our shares represents an attractive investment
opportunity which will benefit the Company and its stockholders. The
repurchased shares will become treasury shares and will be used for general
corporate purposes, including the issuance of shares in connection with the
exercise of stock options."
AMB Financial serves Lake County, Indiana through four retail offices.
As of June 30, 1996, the Company had assets of $79 million, deposits of $60
million and shareholder's equity of $16 million. At June 30, 1996, the Company
had 1,124,125 outstanding shares.
