==================================================================
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 18, 1998
---------------
Statewide Financial Corp.
-------------------------
(Exact name of registrant as specified in its charter)
New Jersey 0-26546 22-3397900
-------------------------------- ------------ --------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
70 Sip Avenue, Jersey City, New Jersey 07306
-------------------------------------------- --------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (201) 795-4000
-------------
==================================================================
Item 1. Changes in Control of Registrant.
---------------------------------
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
-------------------------------------
Not Applicable.
Item 3. Bankruptcy or Receivership.
---------------------------
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
----------------------------------------------
Not Applicable.
Item 5. Other Events.
-------------
Registrant issued a press release on Tuesday,
August 18, 1998 announcing Registrant's quarterly
dividend of $0.13 per share.
Item 6. Resignations of Registrant's Directors.
---------------------------------------
Not Applicable.
Item 7. Exhibits and Financial Statements.
----------------------------------
Exhibit No. Description
----------- -----------
99 Registrant issued a press release on
Tuesday, August 18, 1998 announcing
Registrant's quarterly dividend of $0.13
per share.
Item 8. Change in fiscal year
---------------------
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.
-------------------------
(Registrant)
Dated: August 21, 1998 By: Bernard F. Lenihan
-------------------------
Senior Vice President and
Chief Financial Officer
EXHIBIT INDEX
-------------
CURRENT REPORT ON FORM 8-K
--------------------------
Exhibit No. Description
----------- -----------
99 Registrant issued a press release on Tuesday,
August 18, 1998 announcing Registrant's quarterly
dividend of $0.13 per share.
FOR IMMEDIATE RELEASE Contact: Augustine F. Jehle
August 18, 1998 201-795-4000
Anthony S. Cicatiello
732-382-1066
STATEWIDE FINANCIAL CORP. RAISES DIVIDEND
QUARTERLY DIVIDEND INCREASES BY 18%
Jersey City, N.J. (August 18, 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 thirteen cents ($0.13) per common
share, an increase over the previous quarterly rate of eleven cents
($0.11). The dividend will be payable on September 28, 1998, to
shareholders of record at the close of business on September 7, 1998.
"This dividend increase represents the Board's encouraging view of the
long-term benefits of the revenue-generating decisions that were made
this year," said Statewide Financial Corp. Chairman, President and
Chief Executive Officer Victor M. Richel. "Statewide's competitive
position continues to be enhanced by our emphasis on commercial
lending and the establishment of the Mortgage Funding Group."
Statewide Financial Corp. is the holding company for Statewide Savings
Bank S.L.A., a savings and loan association headquartered in Jersey
City, N.J. Statewide Savings Bank conducts thrift business and offers
commercial banking services through its 16 branches in Hudson, Union
and Bergen counties.
