UNITED STATES
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 14, 1998

Commission file number 0-21942

FIRST PALM BEACH BANCORP, INC.
(Exact name of registrant as specified in its charter)

Delaware 65-0418027
(State of other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)

450 South Australian Avenue, West Palm Beach, Florida
(Address of principal executive offices)

33401
(Zip Code)

561-655-8511
(Registrant's telephone number, including area code)

ITEM 5. OTHER EVENTS.

On October 14, 1998, First Palm Beach Bancorp, Inc. (the "Company")
announced its earnings for the fiscal quarter and year ended September
30,1998. The Company is the holding company of its wholly-owned
subsidiary, First Bank of Florida, a federally-chartered stock savings
and loan association, which is the primary source of the Company's
consolidated net income.

For additional information, please refer to the press release attached
hereto as Exhibit 99.1.

ITEM 7. EXHIBITS.

The following is filed as an Exhibit to this report under Exhibit
99.1.

Exhibit 99.1 Press release dated October 14, 1998.

FIRST PALM BEACH BANCORP, INC.

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.

First Palm Beach Bancorp, Inc.
(Registrant)

Date:
October 14, 1998 /s/ Suzanne S. Brenner
-------------------------------------------
Suzanne S. Brenner
Treasurer and Chief Financial Officer
(Principal Financial Officer)

EXHIBIT INDEX

Exhibit
Number Description Page

99.1 Test of press release dated October 14, 1998, issued by First Palm
Beach Bancorp, Inc.............................................................................5