MONTEREY BAY BANCORP INC
8-K, 2000-09-08
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K


Current Report Pursuant To Section 13 Or 15(d) Of The Securities Exchange Act
Of 1934


                        Date Of Report: September 8, 2000
                        (Date Of Earliest Event Reported)


                           MONTEREY BAY BANCORP, INC.
             (Exact Name Of Registrant As Specified In Its Charter)


             DELAWARE                                      77-0381362
 (State Or Other Jurisdiction Of                (I.R.S. Employer Identification
  Incorporation Or Organization)                            Number)



                         Commission File Number: 0-24802


              567 Auto Center Drive, Watsonville, California 95076
               (Address Of Principal Executive Offices)(Zip Code)


                                (831) 768 - 4800
              (Registrant's Telephone Number, Including Area Code)


                             WWW.MONTEREYBAYBANK.COM
                          (Registrant's Internet Site)


                            [email protected]
                     (Registrant's Electronic Mail Address)



<PAGE>



Item 5.           Other Events

         On  September  8,  2000,  Monterey  Bay  Bancorp,  Inc.  ("Registrant")
announced   the  signing  of  an   Information   Processing   System   Agreement
("Agreement")  by  its  subsidiary,   Monterey  Bay  Bank  ("Bank"),  with  Open
Solutions,  Inc. ("OSI"). Under the terms of this Agreement, the Bank obtained a
five year license to utilize OSI's "The Complete Banking  Solution"  software as
its core processing system.


Item 7.           Financial Statements And Exhibits

         Exhibits

         99.1     Press Release dated September 8, 2000.






<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.



                                                      Monterey Bay Bancorp, Inc.
                                                                    (Registrant)




Date:     September 8, 2000         By:      /s/ C. Edward Holden
                                             --------------------
                                             C. Edward Holden
                                             Chief Executive Officer



Date:     September 8, 2000         By:      /s/ Mark R. Andino
                                             ------------------
                                             Mark R. Andino
                                             Chief Financial Officer
                                             (Principal Financial &
                                             Accounting Officer)






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