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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) August 19, 1997
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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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A press release was issued Tuesday, August 19, 1997
announcing Registrant's 1997 third quarter dividend
of $0.11 per share.
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 A press release was issued Tuesday,
August 19, 1997 announcing
Registrant's 1997 third quarter
dividend of $0.11 per share.
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: August 20, 1997 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 A press release was issued Tuesday, August 19,
1997 announcing Registrant's 1997 third quarter
dividend of $0.11 per share.
FOR IMMEDIATE RELEASE Contact: Augustine F. Jehle
August 19, 1997 201-795-4000
Anthony S. Cicatiello
732-382-1066
STATEWIDE FINANCIAL CORP. INCREASES DIVIDEND
Jersey City, N.J. (August 19, 1997) . . . Statewide Financial Corp.
(Nasdaq: SFIN), the holding company for Statewide Savings Bank S.L.A.,
announced that its Board of Directors yesterday approved a 10-percent
increase in its quarterly dividend, from $0.10 to $0.11 per share, on
its common stock. The dividend will be payable on September 29, 1997,
to shareholders of record at the close of business on September 5,
1997.
In announcing the fifth consecutive quarterly dividend paid by
Statewide Financial Corp. since its initial public offering on
September 29, 1995, Statewide Chairman, President and Chief Executive
Officer Victor M. Richel said, "Our primary goal has been to maximize
the return to our shareholders as we achieve our financial targets and
enhance efficiencies within our operations. This dividend increase is
a strong indication that we are performing well and that our strategic
plan is on track."
Headquartered in Jersey City, N.J., Statewide Savings Bank 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).
