<PAGE> 1
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) June 20, 1996
-------------
COMMISSION FILE NO.: 0-23126
RELIANCE BANCORP, INC.
----------------------
(Exact name of registrant as specified in its charter)
Delaware 11-3187176
- -------------------------------------------------- -------------------
(State or other Jurisdiction of Incorporation (IRS Employer or
organization) Identification No.)
585 Stewart Avenue, Garden City, New York 11520
- -------------------------------------------------- -------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 516-222-9300
-------------------
<PAGE> 2
Item 5. Other Information
-----------------
On June 20, 1996 the Registrant issued the press release attached hereto
as Exhibit 99 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
---------------------------------
Exhibit 99 - Press Release dated June 20, 1996.
<PAGE> 3
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.
By: /s/ Raymond L. Nielsen
------------------------------
Raymond L. Nielsen
Chairman of the Board and
Chief Executive Officer
Dated: June 27, 1996
------------------------
<PAGE> 1
EXHIBIT 99
<PAGE> 2
NEWS RELEASE
FOR IMMEDIATE RELEASE JUNE 20, 1996
FOR INFORMATION CONTACT:
PAUL D. HAGAN
DIRECTOR OF FINANCIAL REPORTING
(516) 222-9300 EXTENSION 286
Garden City, New York, June 20, 1996
Reliance Bancorp, Inc. has announced that its President and Chief Operating
Officer Raymond A. Nielsen has been elected Chief Executive Officer of the
Company and its subsidiary Reliance Federal Savings Bank, commencing July 1,
1996. A Reliance employee for 26 years, the new Chief Executive Officer has been
President and Chief Operating Officer of the Bank for the past 10 years and the
Company since its Initial Public Offering in March 1994. He succeeds Raymond L.
Nielsen who will retire as Chief Executive Officer while continuing to serve as
Chairman of the Board of Directors.
Additional Reliance Bancorp, Inc. and Reliance Federal Savings Bank executive
changes announced effective July 1, 1996 were the election of Senior Vice
President, Treasurer Gerald M. Sauvigne to the Office of Executive Vice
President, Treasurer, the election of Vice President Joseph F. Lavelle to the
Office of Senior Vice President, and the naming of Vice President, Director of
Financial Reporting Paul D. Hagan, Vice President, Chief Financial Officer. Mr.
Sauvigne is a 19 year Reliance employee while Mr. Lavelle is with Reliance 27
years and Mr. Hagan, formerly with KPMG Peat Marwick, joined Reliance in 1993.
Reliance Bancorp, Inc. and Reliance Federal Savings Bank also announced the
election on June 19, 1996 of Conrad J. Gunther, Jr. to the Board of Directors of
the Company and the Bank respectively. Mr. Gunther is Vice President of The
Allied Group, the largest independent insurance brokerage headquartered on Long
Island and 61st largest in the United States. He brings a independent active
business background to Reliance including his prominent role in Long Island
Commercial Banking spanning 20 years.
Reliance Bancorp, Inc. is the holding company for Reliance Federal Savings Bank.
Reliance Bancorp, Inc. and Reliance Federal Savings Bank are headquartered in
Garden City, New York and operate 28 banking offices, located in the New York
City metropolitan areas of Queens, Nassau and Suffolk. Reliance Federal is a
consumer oriented financial institution specializing in providing deposit and
credit services for its communities.
