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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
July 25, 1996
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(Date of earliest event reported)
MLF Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
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Pennsylvania 0-24358 23-2752439
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
Two Aldwyn Center, Villanova, Pennsylvania 19085
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(Address of principal executive offices) (Zip Code)
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(610) 526-6270
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year, if changed since last
report)
Page 1 of 4 Pages.
Exhibit Index appears on page 2.
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ITEM 5. OTHER EVENTS
On July 25, 1996, MLF Bancorp, Inc. (the "Company" or the
"Registrant") announced that the Company's Board of Directors has declared a
two-for-one stock split on the Company's common stock, par value $.01 per
share, to be effective on September 6, 1996 to shareholders of record at the
close of business on August 9, 1996. A copy of the Press Release, dated July
25, 1996, is attached hereto as Exhibit 99 and is incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits:
99 Press Release, dated July 25, 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 thereunto duly authorized.
MLF BANCORP, INC.
Date: July 30, 1996 By: /s/Brian M. Hartline
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Brian M. Hartline
Chief Financial Officer and Senior Vice President
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EXHIBIT 99
[MLF BANCORP LETTERHEAD]
PRESS RELEASE
FOR IMMEDIATE RELEASE
MLF BANCORP, INC. ANNOUNCES 2-FOR-1 STOCK SPLIT
VILLANOVA, Pennsylvania, July 25, 1996 -- MLF Bancorp, Inc. ("Company")
(NASDAQ NMS: MLFB), today announced that the Company's Board of Directors has
declared a two-for-one stock split to be effective on September 6,1996 to
shareholders of record at the close of business on August 9, 1996. Shareholders
will receive one additional share of MLF Bancorp, Inc. stock for every one share
held at the date of record. As a result of the split, the number of shares
outstanding will increase from 5,934,605 to 11,869,210.
Commenting on the Board's action, President and Chief Executive
Officer, Dennis S. Marlo, noted, "The stock split is a sign of our continuing
commitment to our investors, and of our confidence in the Company's capacity to
provide continued earnings growth. We believe that, by splitting the stock, we
are providing value to our shareholders by enhancing market liquidity in our
stock."
Yesterday, the Company reported first quarter earnings of $3.2 million,
equivalent to $0.54 per share based on current shares outstanding, the
Company's best quarterly earnings since going public in August 1994.
MLF Bancorp, Inc. is the holding company for Main Line Bank. The Bank
conducts business from its headquarters in Villanova, PA, 18 full-service
Business Centers in Chester, Delaware, and Montgomery counties, and nine
mortgage loan production offices in eastern Pennsylvania, southern New Jersey,
and northern Delaware.
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Contact: Brian M. Hartline
Chief Financial Officer
(610) 526-6270
MLF Bancorp, Inc. press releases available at http://www.prnewswire.com/
