SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) APRIL 19, 2000
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BANCORP CONNECTICUT, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 34-0-25158 06-1394443
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
121 Main Street, Southington, Connecticut 06489
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code (860) 628-0351
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. Other Events
On April 20, 2000, the share buyback program adopted by the Registrant
on April 21, 1999 terminated. Pursuant to that program, the Registrant purchased
136,338 shares of its outstanding shares of common stock, or 2.6% of its
outstanding shares as of April 21, 1999 and April 20, 2000.
On April 19, 2000, the Registrant's Board of Directors voted to
authorize a new share buyback program of up to 5% of the Registrant's
outstanding shares of common stock over the next year. Purchases will be made
from time to time in the open market and through private transactions. The
timing and amount of these transactions, to be funded through available
corporate funds, will depend upon market conditions and corporate requirements.
Shares repurchased will be held in treasury for general corporate purposes
including reissue to satisfy the exercise of outstanding stock options. As of
March 31, 2000, the Registrant had 5,222,018 shares outstanding.
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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.
Bancorp Connecticut, Inc.
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(Registrant)
Date: April 28, 2000 /s/ Phillip J. Mucha
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Phillip J. Mucha
Chief Financial Officer
And Treasurer/Secretary
(Principal Accounting Officer)