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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A-1
[X] AMENDMENT NO 1 TO QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
June 30, 1998.
Amendment No. 1 is filed to correct a typographical error in the Available-
for-Sale Securities table under Note 3 - page 8 of the Form 10-Q filed
with the Securities and Exchange Commission on July 30, 1998.
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from _________________ to ___________________.
COMMISSION FILE NUMBER 000-23815
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REGENCY BANCORP
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(Exact name of registrant as specified in its charter)
CALIFORNIA 77-0378956
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(State or other jurisdiction of (I.R.S. Employer
Incorporation or organizations) Identification No.)
7060 N. FRESNO STREET, FRESNO, CALIFORNIA 93720
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(Address of principal executive offices) (Zip code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (209) 438-2600.
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None
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(Former name, former address and fiscal year, if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for the shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No .
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As of July 28,1998, the registrant had 2,624,374 shares of Common Stock
outstanding.
The Exhibit Index is located on page 37.
This report contains a total of 47 pages of which this is page one.
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of this Statement will not impact the Company's consolidated financial
position, results of operations or cash flows.
NOTE 3. - INVESTMENT SECURITIES
During the period between December 31, 1997, and June 30, 1998, the
Company recorded a net increase in the value of its available-for-sale
portfolio of $10,000 net of applicable taxes. This change is reflected as a
change in shareholders' equity in the Consolidated Statement of Shareholders'
Equity.
Following is a comparison of the amortized cost and approximate fair value of
securities available-for-sale:
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AVAILABLE-FOR-SALE SECURITIES JUNE 30, 1998 DECEMBER 31, 1997
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Amortized Fair Amortized Fair
(In thousands) Cost Value Cost Value
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<S> <C> <C> <C> <C>
U.S. Treasuries $ 2,000 $ 2,002 $ 2,007 $ 2,012
U.S. Government Agencies 16,449 16,520 17,431 17,489
Mortgage-backed securities 11,157 11,258 11,541 11,647
State and Political Subdivisions 6,909 7,104 5,441 5,624
Equity Securities 214 214 214 214
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Total $36,729 $37,098 $36,634 $36,986
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At June 30, 1998 and December 31, 1997, the Company held no securities
classified as held-to-maturity.
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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.
REGENCY BANCORP
Date: August 7, 1998 By: /s/ STEVEN F. HERTEL
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Steven F. Hertel
President and Chief Executive Officer
(Principal Executive Officer)
Date: August 7, 1998
By: /s/ STEVEN R. CANFIELD
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Steven R. Canfield
Executive Vice President and
Chief Financial Officer (Principal
Financial and Accounting Officer)
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