STATEWIDE FINANCIAL CORP
8-K, 1998-11-19
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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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) November 17, 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,
               November 17, 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, November 17, 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:    November 19, 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,
                         November 17, 1998 announcing Registrant's
                         quarterly dividend of $0.13 per share.


     FOR IMMEDIATE RELEASE              Contact:  Augustine F. Jehle
     November 17, 1998                                 201-795-4000
                                                  Anthony S. Cicatiello
                                                       732-382-1066

                  STATEWIDE FINANCIAL CORP. ANNOUNCES DIVIDEND

     Jersey City, N.J. (November 17, 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.  The dividend will be payable on December 15, 1998, to
     shareholders of record at the close of business on November 30, 1998.

     "This dividend is consistent with the long-term strategy the Board has
     adopted," said Statewide Financial Corp. Chairman, President and Chief
     Executive Officer Victor M. Richel.  "It reflects Statewide's
     fundamental commitment to delivering shareholder value."

     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.  



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