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
January 24, 2001
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(Date of earliest event reported)
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Progress Financial Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-14815 25-2413363
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(State of other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identified No.)
4 Sentry Parkway, Suite 200, Blue Bell, Pennsylvania 19422-0764
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(Address of principal executive offices) (Zip Code)
(610)-825-8800
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(Registrant's telephone number, including area code)
Not Applicable
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Former name, former address and former fiscal year, f changed since last report
Exhibit Index appears on page 4
Item 5. Other Events
On January 24, 2001 Progress Financial Corporation reported fourth quarter
operating income of $1.8 million or diluted earnings per share of $.31. For
further information see the press release attached as Exhibit 99(a) and
incorporated herein by reference.
On January 24, 2001, Progress Financial Corporation distributed an earnings
package to analysts. For further information see the attached Exhibit 99(b) and
incorporated herein by reference.
On January 24, 2001, Progress Financial Corporation declared quarterly cash
dividend of $.06 per share. For further information, see the press release
attached as Exhibit 99(c) and incorporated herein by reference.
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.
PROGRESS FINANCIAL CORPORATION
Dated: January 24, 2001 By: /s/ Michael B. High
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Michael B. High
Executive Vice President and
Chief Financial Officer
EXHIBIT INDEX
Exhibit Number Description
99(a) Press Release on Fourth Quarter 2000 earnings
distributed on January 24, 2001
99(b) Analyst package distributed on January 24, 2001
99(c) Press Release on Cash Dividend distributed on
January 24, 2001