REDFED BANCORP INC
10-C, 1996-08-26
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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Form 10-C

Securities and Exchange Commission
Washington, DC  20549

Report by issuer of securities quoted on The Nasdaq Stock Market(SM), filed 
pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 and Rule 
13a-17 or 15d-17 thereunder.

EXACT NAME OF ISSUER AS SPECIFIED IN CHARTER:     REDFED BANCORP INC.
                                              ----------------------------------
ADDRESS OF PRINCIPAL EXECUTIVE OFFICES:  300 EAST STATE STREET, REDLANDS, CA
                                       -----------------------------------------
                                         92373
                                       -----------------------------------------
ISSUER'S TELEPHONE NUMBER (INCLUDING AREA CODE):  (909) 335-3551
                                                --------------------------------

I.  Change in Number of Shares Outstanding
Indicate any change (increase or decrease) of five percent or more in the number
of shares outstanding:

1.  Title of security    Common Stock, par value $0.01 per share
                      ----------------------------------------------------------
2.  Number of shares outstanding before the change    4,398,104
                                                   -----------------------------
3.  Number of shares outstanding after the change    7,388,104
                                                  ------------------------------
4.  Effective date of change      August 19, 1996
                             ---------------------------------------------------
5.  Method of change        Public Offering
                     -----------------------------------------------------------

Specify method (such as merger, acquisition, exchange, distribution, stock 
split, reverse split, acquisition of stock for treasury, etc.)

- --------------------------------------------------------------------------------
Give brief description of transaction  Secondary public offering of 2,990,000 
                                      ------------------------------------------
                                       shares of common stock, par value $0.01
                                      ------------------------------------------
                                       per share
                                      ------------------------------------------

II. Change in Name of Issuer

1.  Name of prior to change
                            ----------------------------------------------------
2.  Name after change
                      ----------------------------------------------------------
3.  Effective date of charter amendment changing name
                                                      --------------------------
4.  Date of shareholder approval of change, if required
                                                       -------------------------

August 23, 1996           /s/ Anne Bacon, President and Chief Executive Officer
- --------------------------------------------------------------------------------
DATE                      OFFICER'S SIGNATURE AND TITLE



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