AMTRUST CAPITAL CORP
8-K, 1999-04-30
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       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 (Date of earliest event reported)
                                 April 30, 1999





                              AMTRUST CAPITAL CORP.
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)





   Delaware                      0-25484                        35-1940250
- --------------------------------------------------------------------------------
(State or other           (Commission File No.)              (IRS Employer
 jurisdiction of                                           Identification No.)
 incorporation)




20 West Fifth Street, Peru, Indiana                               46970
- --------------------------------------------------------------------------------
(Address of principal executive offices)                       (Zip Code)





Registrant's telephone number, including area code: (765) 472-1991
                                                    --------------





                                       N/A
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


<PAGE>



Item 5.   Other Events
- ----------------------

     On April 30, 1999, the Registrant issued the attached press release.

Item 7.  Financial Statements and Exhibits
- ------------------------------------------

     (a) Exhibits

         99. Press release, dated April 30, 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 thereunto duly authorized.

                                  AMTRUST CAPITAL CORP.




Date: April 30, 1999              By:  /s/ Deborah M. Huff
      --------------------            -------------------------------------
                                      Deborah M. Huff, Treasurer and Chief
                                        Financial Officer

                                        3





                              AMTRUST CAPITAL CORP.
                               20 West 5th Street
                               Peru, Indiana 46970


                                  PRESS RELEASE

For Immediate Release                                  For Information Contact:
Date: April 30, 1999                                   Bruce M. Borst, President
                                                       (765) 472-1991


                              AMTRUST CAPITAL CORP.
                  ANNOUNCES INTENT TO DE-REGISTER WITH THE SEC


     Peru, Indiana, April 30, 1999 - AmTrust Capital Corp. (the "Company"),  the
parent holding  company for American Trust Federal  Savings Bank,  announced its
intention  today to  de-register  with the  Securities  and Exchange  Commission
("SEC") from the reporting  requirements of the Securities  Exchange Act of 1934
effective May 13, 1999. The Company first became a public  reporting  company on
March 28, 1995, and at that time committed to remain a public reporting  company
for at least three years.

     Bruce M.  Borst,  President  of the  Company,  indicated  that the Board of
Directors  approved the  de-registration  with the SEC in light of the Company's
current number of record  stockholders and the cost savings to the Company.  Mr.
Borst  stated  that  it  is  still  the  Company's   intention  to  provide  its
stockholders with quarterly  unaudited earnings  releases,  as well as an annual
report and proxy statement. "The deregistration will save the Company money both
in  legal  and  accounting  fees,  since it won't  have to  comply  with all the
requirements of the SEC rules and regulations," continued Mr. Borst.

                                    - END -



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