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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) May 19, 1999
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USABANC.COM, INC.
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(Exact name of registrant as specified in charter)
Pennsylvania 000-27244 23-2806495
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(State or other jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification Number)
One Lincoln Plaza, 1535 Locust Street, Philadelphia PA 19102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 215-569-4200
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This document consists of 5 pages
Exhibit Index appears at Page 4
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Item 5. Other Events
On May 19, 1999, the Board of Directors of the Registrant declared a
dividend on its issued and outstanding Class A common stock in the amount of one
hundred percent (100%), payable on June 15, 1999 in shares of Class A common
stock to holders of record of the issued and outstanding shares of the
Registrant's Class A common stock on June 1, 1999.
The Registrant issued a press release regarding the stock dividend on
May 20, 1999, a copy of which is attached hereto and incorporated herein by
reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99 Press Release of the Registrant.
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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.
USABANC.COM, INC.
Date: May 21, 1999 By: /s/ Kenneth L. Tepper
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Name: Kenneth L. Tepper
Title: President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No.
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99 Press Release of the Registrant
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Exhibit 99
USABanc.com
MEDIA RELEASE
USABanc.com Approves 2-1 Stock Split
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contact: Brian M. Hartline: Chief Operating Officer, USABanc.com
[email protected] / www.USABanc.com
215.569.4200
May 19, 1999: Philadelphia, PA - USABanc.com's Board of Directors today approved
a 2-1 stock split for the company's Class A Common Stock (NASDAQ - "USAB"). The
record date will be June 1, 1999 with a pay date of June 15, 1999.
USABanc.com, formerly USABancShares, is the first Federal Reserve Bank Holding
Company to undergo a "dot com" name change. The company owns an FDIC insured
financial institution and an NASD regulated brokerage firm, and has established
internet banking as its exclusive strategic priority.
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