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) March 19, 1997
COMMISSION FILE NO.: 0-23126
RELIANCE BANCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware 11-3187176
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(State or other Jurisdiction of Incorporation (IRS Employer or
organization) Identification No.)
585 Stewart Avenue, Garden City, New York 11530
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(Address of principal executive officer) (Zip Code)
Registrant's telephone number, including area code: (516) 222-9300
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Item 5. Other Events
On March 19, 1997, the Company announced a regular cash dividend of
$0.16 per common share for the quarter ended March 31, 1997, an increase of
$0.02 or 14.3% from the second quarter of fiscal year 1997. The dividend will be
payable on April 18, 1997 to stockholders of record on April 4, 1997.
Item 7 (c). Exhibits
Exhibit 99.1 Press Release announcing declaration of cash dividend dated March
19, 1997.
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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.
By: /s/ Raymond A. Nielsen
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Raymond A. Nielsen
President and
Chief Executive Officer
Dated: March 25, 1997
EXHIBIT 99.1
RELIANCE BANCORP, INC.
585 STEWART AVENUE (516) 222-9300
GARDEN CITY, NY 11530 FAX: (516) 222-4559
NEWS RELEASE
FOR IMMEDIATE RELEASE March 19, 1997
For Information Contact:
Paul D. Hagan
V.P. - Chief Financial Officer
(516) 222-9300 extension 286
RELIANCE BANCORP, INC. ANNOUNCES INCREASE IN THIRD QUARTER
CASH DIVIDEND FOR FISCAL YEAR 1997
Garden City, New York, March 19, 1997
Reliance Bancorp, Inc. (NASDAQ/NMS:RELY), today announced that its Board of
Directors has declared a regular cash dividend of $0.16 per common share for the
quarter ending March 31, 1997, an increase of $0.02 or 14.3% from the regular
cash dividend paid for the second quarter of fiscal year 1997. The dividend will
be payable on April 18, 1997 to stockholders of record on April 4, 1997.
Raymond A. Nielsen, President and Chief Executive Officer commented, "The
increase in the cash dividend reflects the Company's continued strong cash
earnings and is consistent with the Board of Directors stated objective of
enhancing long term stockholder value. Sharing Company profitability with
Reliance stockholders through the payment of cash dividends is an integral
component of our plan for generating earnings for our stockholders".
Reliance Bancorp, Inc. is the holding company for Reliance Federal Savings Bank
and has assets of $1.9 billion. 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.
