SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_______________________
FORM 8-K
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
October 28, 1997
AMTRUST CAPITAL CORP.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-25485 35-1940250
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(State or other jurisdiction (Commission File No.) (IRS Employer ID No.)
of incorporation)
20 W. Fifth Street, Peru, Indiana 46970
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(Address of principal executive offic (Zip code)
Registrant's telephone number, including area code: (765) 472-1991
N/A
________________________________________________
(Former name or former address, if changed since last report)
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Item 5. Other Events
On October 28, 1997, the Registrant issued the attached press release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
99. Press Releases, dated October 28, 1997
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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 thereunto duly authorized.
AMTRUST CAPITAL CORP.
Date: October 28, 1997 /s/ Jami L. Cornish
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Jami L. Cornish, Treasurer and
Chief Financial Officer
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EXHIBIT 99
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AmTrust Capital Corp.
20 West 5th Street P.O. Box 105 Peru, Indiana 46970 (765) 472-1991
AMTRUST NEWS RELEASE
FOR IMMEDIATE RELEASE
Date: October 28, 1997
FOR MORE INFORMATION CONTACT:
Bruce M. Borst, President and Chief Executive Officer
(765) 472-1991
AMTRUST CAPITAL CORP. DECLARES CASH DIVIDEND
PERU, INDIANA - - AmTrust Capital Corp., the parent corporation of
AmericanTrust Federal Savings Bank, announced that it will pay a quarterly
cash dividend of $0.05 per share. The dividend will be payable November 21,
1997 to shareholders of record on November 7, 1997.
AmericanTrust Federal Savings Bank serves communities located in Howard
and Miami Counties, Indiana through its main office and one branch office.
AmTrust Capital Corp. had $69.7 million in assets and $7.6 million in
stockholders' equity at September 30, 1997. The corporation's stock is traded
on the Nasdaq Small-Cap Sytem under the symbol "ATSB".
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AmTrust Capital Corp.
20 West 5th Street P.O. Box 105 Peru, Indiana 46970 (765) 472-1991
AMTRUST NEWS RELEASE
FOR IMMEDIATE RELEASE
Date: October 28, 1997
FOR MORE INFORMATION CONTACT:
Bruce M. Borst, President and Chief Executive Officer
(765) 472-1991
AMTRUST CAPITAL CORP. DECLARES FIRST QUARTER
EARNINGS
PERU, INDIANA - - AmTrust Capital Corp., the parent corporation of
AmericanTrust Federal Savings Bank reported earnings of $61,000 for the
quarter ending September 30, 1997 as compared to a loss of $89,000 for the
same quarter of 1996. The increase was primarily a result of a one-time FDIC
special assessment to recapitalize the SAIF of $170,000, net of tax in
September of 1996. Total assets decreased $2.5 million to $69.7 million at
September 30, 1997 from $72.2 million at June 30, 1997. Earnings per share
for the quarter ended September 30, 1997 increased to $0.12 from a loss per
share of $0.18 for the same quarter of 1996.
AmericanTrust Federal Savings Bank serves communities located in Howard
and Miami Counties, Indiana through its main office and one branch office.
AmTrust Capital Corp. had $69.7 million in assets and $7.6 million in
stockholders' equity at September 30, 1997. The corporation's stock is traded
on the Nasdaq Small-Cap Sytem under the symbol "ATSB".
