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):  OCTOBER 21, 1996



                             BANK PLUS CORPORATION
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            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



      DELAWARE                                            95-4571410   
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   (STATE OR OTHER       (COMMISSION FILE              (IRS EMPLOYER
   JURISDICTION OF       NUMBER)                       IDENTIFICATION NO.)
   INCORPORATION)



         4565 COLORADO BOULEVARD, LOS ANGELES, CALIFORNIA       90039
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                      (ZIP CODE)


REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE  (818) 241-6215
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              N/A
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         (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

 
ITEM 5.   OTHER EVENTS

     Bank Plus Corporation ("Registrant") is a savings and loan holding company
     for Fidelity Federal Bank, A Federal Savings Bank (the "Bank"). Registrant
     became subject to the reporting requirements of the Securities and Exchange
     Act on May 15, 1996 when its registration statement on Form 8-B became
     effective. Registrant is the successor issuer to the Bank which, prior to
     the reorganization and merger with Registrant, was a publicly held
     federally chartered savings and loan institution filing reports with the
     Office of Thrift Supervision ("OTS").

     Registrant is hereby filing the Annual Report on Form 10-K of the Bank for
     the fiscal year ended December 31, 1995 (the "Form 10-K"), which was filed
     with the OTS on March 20, 1996, in anticipation of filing a Registration
     Statement on Form S-8 which would incorporate the Form 10-K by reference.

ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

     99.1    Annual Report on Form 10-K of Fidelity Federal Bank, A Federal
             Savings Bank for the fiscal year ended December 31, 1995, as filed
             with the Office of Thrift Supervision on March 20, 1996.

 
                                  SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this amendment to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   BANK PLUS CORPORATION 



Date:  October 21, 1996            By: /s/ Richard M. Greenwood
                                       -------------------------------- 
                                       Richard M. Greenwood
                                       Chairman and Chief Executive
                                       Officer