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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)
April 30, 1997
SJS BANCORP, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 0 - 25072 38-3203930
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
incorporation)
301 State Street, St. Joseph, Michigan 49085
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(616) 983-0134
N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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On April 30, 1997, SJS Bancorp, Inc. ("SJS") issued the
attached press release, announcing the approval by the SJS
shareholders of the merger by and between SJS and Shoreline
Financial Corporation ("Shoreline"). The acquisition of SJS by
Shoreline is anticipated to close in June 1997, subject to receipt
of certain regulatory approvals.
The press release also stated that the SJS Board of Directors
declared a cash dividend of $.11 per share payable on May 27, 1997
to shareholders of record on May 13, 1997.
Item 7. Financial Statements and Exhibits
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(c) Exhibits.
Exhibit 99 - Press Release dated April 30, 1997.<PAGE>
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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.
SJS BANCORP, INC.
Date: April 30, 1997 By: /s/Thomas G. Watson
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Thomas G. Watson
President and Chief Executive
Officer <PAGE>
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EXHIBIT INDEX
Exhibit
Number Description
99 Press release of SJS Bancorp, Inc., dated
April 30, 1997.<PAGE>
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FOR IMMEDIATE RELEASE
NASDAQ: Small Cap: SJSB
DATE: April 30, 1997
Contact: Thomas G. Watson, President and CEO
SJS BANCORP, INC. SHAREHOLDERS APPROVE MERGER WITH
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SHORELINE FINANCIAL CORPORATION
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St. Joseph, Michigan, SJS Bancorp, Inc., the holding company for
SJS Federal Savings Bank today reported that shareholders
overwhelmingly approved the acquisition of the company by
Shoreline Financial Corporation at the special shareholder's
meeting held yesterday. The decision by shareholders follows
approval given by the Federal Reserve Board previously announced
on April 22. Subject to customary conditions, completion of the
transaction has been slated for June.
Additionally, at the Board of Directors meeting held April 29,
1997, the board declared the company's eight consecutive quarterly
cash dividend. The dividend amounts to $.11 per share and will be
payable on May 27, 1997 to shareholders of record on May 13, 1997.
