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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) February 24, 1998
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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 on Tuesday,
February 24, 1998 announcing Registrant's
quarterly 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 on Tuesday,
February 24, 1998 announcing Registrant's
quarterly 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: February 24, 1998 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 on Tuesday,
February 24, 1998 announcing Registrant's
quarterly dividend of $0.11 per share.
FOR IMMEDIATE RELEASE Contact: Augustine F. Jehle
February 24, 1998 201-795-4000
Anthony S. Cicatiello
732-382-1066
STATEWIDE FINANCIAL CORP. DECLARES DIVIDEND
Jersey City, N.J. (February 24, 1998) . . . Statewide Financial Corp.
(Nasdaq: SFIN), the holding company for Statewide Savings Bank S.L.A.,
announced that its Board of Directors yesterday approved a quarterly
dividend on its common stock of eleven cents ($0.11) per common share.
The dividend will be payable on April 6, 1998, to shareholders of
record at the close of business on March 16, 1998.
"Statewide has stayed focused on our strategic plan, continued our
philosophy of prudent management and worked to increase shareholder
value," said Statewide Financial Corp. Chairman, President and Chief
Executive Officer Victor M. Richel. "We are pleased to be meeting our
goal of issuing regular quarterly dividends to our shareholders."
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).
