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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) December 5, 1996
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Statewide Financial Corp.
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(Exact name of registrant as specified in its charter)
New Jersey 0-26546 22-3397900
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
70 Sip Avenue, Jersey City, New Jersey 07306
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (201) 795-4000
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Item 1. Changes in Control of Registrant.
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Not Applicable.
Item 2. Acquisition or Disposition of Assets.
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Not Applicable.
Item 3. Bankruptcy or Receivership.
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Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
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Not Applicable.
Item 5. Other Events.
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Registrant issued a Press Release on Thursday,
December 5, 1996 announcing the resignation of
Clifford J. Adams, President of Statewide Savings
Bank, the principal operating subsidiary of Statewide
Financial Corp.
Item 6. Resignations of Registrant's Directors.
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Not Applicable.
Item 7. Exhibits and Financial Statements.
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Exhibit No. Description
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99 Press Release dated Thursday,
December 5, 1996 announcing the
resignation of Clifford J. Adams,
President of Statewide Savings
Bank, the principal operating
subsidiary of Statewide Financial
Corp.
Item 8. Change in fiscal year
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Not Applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Statewide Financial Corp. has duly caused this report to be
signed on its behalf by the undersigned thereunto duly authorized.
STATEWIDE FINANCIAL CORP.
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(Registrant)
Dated: By: Bernard F. Lenihan
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Senior Vice President and
Chief Financial Officer
EXHIBIT INDEX
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CURRENT REPORT ON FORM 8-K
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Exhibit No. Description
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99 Press Release dated Thursday, December 5, 1996
announcing the resignation of Clifford J. Adams,
President of Statewide Savings Bank, the principal
operating subsidiary of Statewide Financial Corp.
FOR IMMEDIATE RELEASE CONTACT: Augustine F. Jehle
December 5, 1996 201-795-4000
Anthony S. Cicatiello
908-382-1066
CLIFFORD J. ADAMS RESIGNS AS PRESIDENT OF STATEWIDE SAVINGS BANK
JERSEY CITY, N.J., December 5, 1996 -- Clifford J. Adams has resigned
from his position as President and Chief Operating Officer of
Statewide Savings Bank to pursue other business opportunities. The
resignation will take effect immediately, it was announced by Victor
M. Richel, Chairman and CEO of the Bank and of Statewide Financial
Corp, the holding company.
"Cliff Adams has contributed to Statewide Savings' success over the
years," said Richel. "All of us at Statewide appreciate his efforts
and wish him well in his future endeavors."
Headquartered in Jersey City, N.J., Statewide Savings Bank S.L.A.
conducts business from 16 locations in Hudson, Union, Bergen and
Passaic counties.
Statewide's deposits are insured by the Savings Association Insurance
Fund (SAIF) of the Federal Deposit Insurance Corporation (FDIC).
Statewide Financial Corp, the holding company of Statewide Savings
Bank, is publicly traded on NASDAQ under the symbol SFIN.
