STATEWIDE FINANCIAL CORP
8-K, 1999-05-13
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) May 12, 1999
                                                      ------------

                            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
                                                         -------------




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     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 Wednesday,
               May 12, 1999 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 Wednesday, May 12, 1999
                                        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:    May 12, 1999                  By:  Bernard F. Lenihan
                                                  -------------------------
                                                  Senior Vice President,
                                                  Chief Financial Officer
                                                  Secretary and Treasurer




                                  EXHIBIT INDEX
                                  -------------


                           CURRENT REPORT ON FORM 8-K
                           --------------------------



     Exhibit No.         Description                   
     -----------         -----------                   

     99                  Registrant issued a press release on Wednesday,
                         May 12, 1999 announcing registrant's quarterly
                         dividend of $0.13 per share.




     FOR IMMEDIATE RELEASE              Contact:  Bernard F. Lenihan
     May 12, 1999                                      201-795-4000
                                                  Anthony S. Cicatiello
                                                       732-382-1066


                   STATEWIDE FINANCIAL CORP. DECLARES DIVIDEND

     Jersey City, N.J. (May 12, 1999)...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 June 28, 1999, to shareholders
     of record at the close of business on June 7, 1999.

     "This dividend is consistent with our strategic plan," said Statewide
     Financial Corp. Chairman, President and Chief Executive Officer Victor
     M. Richel, "and another strong indication of how we are delivering
     value to our shareholders."

     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 15 branches in Hudson, Union
     and Bergen counties.  



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