SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------------
FORM 10-C
------------------------------------
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
Life Bancorp, Inc.
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
109 E. Main Street, Norfolk, Virginia 23514
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(Address of principal executive office)
(804) 858-1000
Issuer's telephone number (including area code)
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 $.01 per share)
----------------------------------------------------
2. Number of shares outstanding before the change 10,910,625
3. Number of shares outstanding after the change 10,365,094
-------------------
4. Effective date of Change May 7, 1996
-------------------------------------------
5. Method of change: Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock for treasury,
etc.) Acquisition of stock to be retired
Give brief description of transaction: Pursuant to an open-market repurchase
program between January 26, 1996 and May 7, 1996, Life Bancorp, Inc. ("the
Company") acquired 560,531 shares, or 5.14%, of its shares outstanding before
such acquisitions. Subsequent to acquisition, effective as of the settlement
date, the issued and outstanding shares of the Company were reduced accordingly.
II. Change in Name of Issuer
1. Name prior to change N/A
2. Name after change N/A
3. Effective date of charter amendment changing name N/A
4. Date of shareholder approval of change, if required N/A
May 14, 1996 /s/ Tollie W. Rich, Jr.,
- -------------------------------- --------------------------------------------
DATE Executive Vice President and Chief
Operating Officer
OFFICER'S SIGNATURE AND TITLE
