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 3, 1999 Saratoga Bancorp (Exact name of registrant as specified in its charter) California (State or other jurisdiction of incorporation) 2-77519-LA 94-2817587 (Commission File Number) (IRS Employer Identification No.) 12000 Saratoga-Sunnyvale Road, Saratoga, CA 95070 (Address of principal executive office and ZIP code) Registrant's telephone number, including area code: (408) 973-1111 None (Former name or former address, if changed since last report) PAGE 1 OF 4 PAGES 2 Item 5 Other Events On May 3, 1999, the Board of Directors of Saratoga Bancorp announced the conclusion of its stock repurchase program which commenced on December 10, 1998. The press release detailing this transaction is attached as Exhibit 99.1. Item 7 Financial Statements and Exhibits (a) Not applicable (b) Not applicable (c) Exhibits (21) Press Release issued on 5/3/99 describing cash dividend. PAGE 2 OF 4 PAGES 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SARATOGA BANCORP (Registrant) MARY PAGE ROURKE By: ____________________________ Mary Page Rourke Senior Vice President Treasurer (Principal Financial and Accounting Officer) Date: May 3, 1999 PAGE 3 OF 4 PAGES 4 Exhibit 99.1 FOR IMMEDIATE RELEASE Saratoga Bancorp(OTC BB:SRTB), announces conclusion of stock repurchase. The Board of Directors of Saratoga Bancorp, the parent company of Saratoga National Bank, announced the conclusion of its stock repurchase program effective May 3, 1999. Richard L. Mount, Chairman and CEO of Saratoga Bancorp, stated that the objectives of the buyback were accomplished, with nearly 69,000 shares being repurchased. The company currently has 1,612,725 shares outstanding and approximately 257 shareholders. Saratoga National Bank operates offices in Saratoga, Los Gatos and San Jose. #### May 3, 1999 PAGE 4 OF 4