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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) December 6, 1996
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COMMISSION FILE NO.: 0-24802
MONTEREY BAY BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 77-03811362
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(State or other Jurisdiction of Incorporation (IRS Employer or
organization) Identification No.)
36 Brennan Street, Watsonville, California 95076
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 722-3885
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Item 2. Acquisition or Disposition of Assets
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On December 6, 1996 the Registrant's wholly-owned subsidiary, Monterey Bay
Bank, Watsonville, California, completed its assumption of the deposits of
two branches of Fremont Investment & Loan.
Item 7. Financial Statements and Exhibits
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Attached hereto as Exhibit 99 is a copy of the press release announcing
the consummation of the deposit assumption transaction. It is
impracticable at this time to provide the required financial statements
and pro forma financial information. Such statements and information will
be filed as soon as practicable but not later than 60 days from December
21, 1996.
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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.
By: /s/ Marshall G. Delk
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Marshall G. Delk
President and Chief Operating Officer
Dated: December 13, 1996
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EXHIBIT 99
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MONTEREY BAY BANCORP
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FOR IMMEDIATE RELEASE
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MONTEREY BAY BANCORP, INC. ANNOUNCES
CONSUMMATION OF DEPOSIT ASSUMPTION
Common Stock Symbol: MBBC
Nasdaq National Market
December 10, 1996
Monterey Bay Bank (the "Bank"), a wholly-owned subsidiary of Monterey Bay
Bancorp, Inc. ("Monterey Bay") today announced that it has consummated its
previously- announced agreement to assume approximately $102 million in deposits
from Fremont Investment & Loan ("Fremont"). These deposits were located in the
Monterey and Salinas, California offices of Fremont.
Marshall G. Delk, President of Monterey Bay, stated that "I am very
pleased to have completed this transaction. Already having offices in both
Monterey and Salinas allows the bank to service our new depositors in a seamless
fashion. Monterey Bay Bank is dedicated to becoming the premier financial
organization in the greater Monterey Bay area, with this being another step
toward that goal."
Monterey Bay Bancorp, Inc. and Monterey Bay Bank are headquartered in
Watsonville, California. The Bank operates through its administrative offices in
Watsonville, six (6) full service branches located in Watsonville, Gilroy,
Prunedale, Salinas, and Monterey and one (1) real estate office located in
Salinas, California. The Bank's deposits are insured by the Federal Deposit
Insurance Corporation.
Contact: Marshall G. Delk
President and Chief Operating Officer
Monterey Bay Bancorp, Inc.
(408) 722-3885