<PAGE>
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 16, 1997
-----------------
<TABLE>
<CAPTION>
PENNFED FINANCIAL SERVICES, INC. PENNFED CAPITAL TRUST I
-------------------------------- -----------------------
<S> <C>
(Exact name of registrant as specified in its charter) (Exact name of registrant as specified in its charter)
</TABLE>
Delaware 22-3297339 Delaware Applied For
-------- ---------- -------- -----------
622 Eagle Rock Avenue 622 Eagle Rock Avenue
West Orange, New Jersey 07052 West Orange, New Jersey 07052
(973) 669-7366 (973) 669-7366
- ----------------------------- -----------------------------
(Address, including ZIP Code, and (Address, including ZIP Code,
telephone number including area code, of and telephone number including
registrant's principal executive offices) area code, of registrant's
principal executive offices)
Commission File No. 0-24040
N/A
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
ITEM 5. OTHER EVENTS
- ----------------------
Attached hereto as Exhibit 20.1 is a press release announcing that PennFed
Financial Services, Inc.'s (the "Corporation") subsidiary, PennFed Capital Trust
I, a trust formed under the laws of Delaware, sold $30 million in capital
through the public offering of its cumulative trust preferred securities.
2
<PAGE>
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.
PENNFED FINANCIAL SERVICES, INC.
Date: October 16, 1997 By: /s/ Joseph L. LaMonica
------------------------------------
Joseph L. LaMonica
President, Chief Executive Officer
and Director
PENNFED CAPITAL TRUST I
By: /s/ Lucy T. Tinker
------------------------------------
Lucy T. Tinker
Administrative Trustee
By: /s/ Jeffrey J. Carfora
------------------------------------
Jeffrey J. Carfora
Administrative Trustee
4
<PAGE>
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
- ------ -----------
20.1 Press Release regarding the sale through a public offering of
cumulative trust preferred securities by PennFed Capital Trust I,
a subsidiary of the Corporation
3
<PAGE>
EXHIBIT 20.1
PRESS RELEASE
PENNFED FINANCIAL SERVICES, INC. SELLS
--------------------------------------
TRUST PREFERRED SECURITIES
--------------------------
WEST ORANGE, New Jersey, October 17, 1997 -- PennFed Financial Services,
Inc. (NASDQ:PFSB) announced today that the Company's trust subsidiary, PennFed
Capital Trust I, sold $30 million of cumulative trust preferred securities to
the public. In addition, the underwriter, Ryan, Beck & Co., has an over-
allotment option to sell an additional $4.5 million of the preferred securities.
The Trust will use the proceeds from the sale of the preferred securities
to purchase junior subordinated deferrable interest debentures to be issued by
the Company. The subordinated debentures mature in the year 2027 and are
redeemable at anytime after five years.
The Company will use the proceeds from the subordinated debentures for
general corporate purposes, including capital contributions to its wholly-owned
subsidiary, Penn Federal Savings Bank, to support future growth.
The Bank, headquartered in Newark, New Jersey, maintains branch offices in
Brick, Caldwell, East Newark, Fairfield, Farmingdale, Harrison, Marlboro,
Montclair (2), Newark (3), Old Bridge, Sayreville, Upper Montclair, Verona, and
West Orange. A new branch in Bayville (Ocean County) will open later this month.
The Bank's deposits are insured by the Federal Deposit Insurance Corporation.
