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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
Date of Report (Date of earliest event reported) February 10, 1999
REGENCY BANCORP
(Exact name of registrant as specified in its charter)
California 000-23815 77-0378956
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
7060 N. Fresno, Fresno, California 93720
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (209) 438-2600
Not Applicable
(Former name or former address, if changed since last report).
Page 1 of 5 pages
The Exhibit Index is on Page 4.
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Item 5. Other Events.
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The Registrant issued a press release dated February 10, 1999
announcing that it has declared a $.10 per share cash dividend
for its shareholders of record February 16, 1999. The dividend
will be paid on March 5, 1999. The foregoing is qualified by
reference to the press release attached as exhibit 99.1
Item 7. Financial Statements and Exhibits.
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(a) Financial Statements.
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Not Applicable.
(b) Pro Forma Financial Information.
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Not Applicable.
(c) Exhibits.
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(99.1) Press Release dated February 10, 1999
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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 hereunto duly authorized.
REGENCY BANCORP
Date: February 10, 1999 /s/ STEVEN R. CANFIELD
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Steven R. Canfield
EVP & CFO
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EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release dated February 10, 1999
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EXHIBIT 99.1
Contact: Wil Goodrich, Vice President-Director of Marketing - (800) 562-6449,
Ext. 208
REGENCY BANCORP ANNOUNCES QUARTERLY CASH DIVIDEND
FRESNO, FEBRUARY 10 - Regency Bancorp (Nasdaq REFN), holding company
parent of Fresno-based Regency Bank and Regency Investment Advisors, Inc.,
today announced that it has declared a $.10 per share cash dividend for its
shareholders of record February 16, 1999. The dividend will be paid March 5,
1999.
"This quarterly dividend is tangible proof that our company has returned
to the ranks of the highest performing community banks in the state," said
Steve Hertel, chairman, president and chief executive officer of Regency
Bancorp. "The just released bank research report of IDC Financial, a
respected, nationwide bank rating service, placed Regency in its highest
"Superior" category. The board is extremely pleased to reward our
shareholders with the first of what we anticipate will be a continuing series
of quarterly cash dividends."
Regency Bancorp and its subsidiaries have served Fresno and the Central
Valley since December of 1980. The company currently provides banking to the
greater Fresno market and Madera County through its three branches and has a
government-guaranteed loan production office in Modesto. Its stock trades on
the Nasdaq National Market under the symbol REFN with market makers such as:
Van Kasper & Co., Hoefer & Arnett, and Sutro & Co.
FEBRUARY 10, 1999 # # #
CERTAIN MATTERS DISCUSSED IN THIS NEWS RELEASE MAY BE FORWARD-LOOKING
STATEMENTS THAT ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE PROJECTED. SUCH RISKS AND
UNCERTAINTIES, WHICH COULD IMPACT FUTURE FINANCIAL PERFORMANCE, INCLUDE,
AMONG OTHERS, (1) COMPETITIVE PRESSURES IN THE BANKING INDUSTRY; (2) CHANGES
IN THE INTEREST RATE ENVIRONMENT; (3) GENERAL ECONOMIC CONDITIONS, EITHER
NATIONALLY OR REGIONALLY; (4) CHANGES IN THE REGULATORY ENVIRONMENT; (5)
CHANGES IN BUSINESS CONDITIONS AND INFLATION; AND (6) CHANGES IN SECURITIES
MARKETS. THEREFORE, THE INFORMATION SET FORTH HEREIN SHOULD BE CAREFULLY
CONSIDERED WHEN EVALUATING THE BUSINESS PROSPECTS OF THE COMPANY AND ITS
SUBSIDIARIES.
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