REGENCY BANCORP
8-K, 1999-04-27
STATE COMMERCIAL BANKS
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<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) April 23, 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.

                  The Registrant issued a press release dated April 23, 1999
                  announcing that it has declared a $.10 per share cash dividend
                  for its shareholders of record May 7, 1999. The dividend will
                  be paid on June 4, 1999. The foregoing is qualified by
                  reference to the press release attached as exhibit 99.1

Item 7.           FINANCIAL STATEMENTS AND EXHIBITS.

         (a)      FINANCIAL STATEMENTS.

                  Not Applicable.

         (b)      PRO FORMA FINANCIAL INFORMATION.

                  Not Applicable.

         (c)      EXHIBITS.

                  (99.1)   Press Release dated April 23, 1999











                                       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.

                                                  REGENCY BANCORP

Date:    April 26, 1999                              /s/ STEVEN R. CANFIELD
                                                     ----------------------
                                                     Steven R. Canfield
                                                     EVP & CFO



















                                       3

<PAGE>


                                  EXHIBIT INDEX

<TABLE>
<CAPTION>

 Exhibit No.                                Description
 -----------                                -----------
 <S>                             <C>
    99.1                         Press Release dated April 23, 1999

</TABLE>
















                                       4

<PAGE>

                                                               EXHIBIT 99.1
                                                          FOR IMMEDIATE RELEASE

Contact: Wil Goodrich, Vice President-Director of Marketing - (800)562-6449, 
         Ext. 208

                REGENCY BANCORP ANNOUNCES QUARTERLY CASH DIVIDEND

         FRESNO, APRIL 23 -- 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 May 7, 1999. The dividend will be paid June 4, 1999.

         "Regency Bancorp is pleased to recognize the company's continued
outstanding performance with this second quarterly cash dividend of 1999. It
follows the best first quarter on record in Regency's almost 20 years of
operation," said Steve Hertel, chairman, president and chief executive officer
of Regency Bancorp. "The board is extremely pleased to reward our shareholders
with this dividend."

         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. 

APRIL 23, 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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