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                                  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) May 14, 2003
                                                           ------------

                             BOSTONFED BANCORP, INC.
                             -----------------------
             (Exact Name of Registrant as Specified in Its Charter)

      Delaware                        1-13936               52-1940834
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(State or other Jurisdiction of    (Commission             (IRS Employer
 Incorporation or Organization     File Number)           Identification No.)

         17 New England Executive Park, Burlington, Massachusetts 01803
         --------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

                                 (781) 273-0300
                                 --------------
              (Registrant's Telephone Number, including Area Code)

                                 Not Applicable
                                 --------------
          (Former Name or Former Address, If Changed Since Last Report)







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ITEM 5.  OTHER EVENTS.
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      On May 14, 2003,  BostonFed Bancorp,  Inc. (the "Company")  announced that
each of Boston Federal  Savings  Bank's  ("BFSB") and Broadway  National  Bank's
("Broadway") respective Board of Directors,  and the Company as sole stockholder
of each of BFSB and Broadway, approved the merger of Broadway with and into BFSB
(the "Merger"). The Company is the parent company of BFSB, a federally-chartered
stock  savings  bank,  and  Broadway,  a national  commercial  bank.  Subject to
regulatory  approvals,  the Merger is anticipated to be effective in the fall of
2003.

      A press  release  announcing  the approval of the Merger was issued on May
14,  2003, a copy of which is filed as Exhibit 99.1 to the Form 8-K and which is
incorporated herein by reference in its entirety.

ITEM 7.  FINANCIAL STATEMENTS AND OTHER EXHIBITS.
         ---------------------------------------

      Exhibit 99.1   Press Release dated May 14, 2003.






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CONFORMED



                                   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 hereunto duly authorized.



                                    BOSTONFED BANCORP, INC.



Dated:  May 16, 2003                By:   /s/ John A. Simas
                                          --------------------------------------
                                          Name: John A. Simas
                                          Title:   Executive Vice President,
                                          Chief Financial Officer and Secretary



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                                  EXHIBIT INDEX


Exhibit 99.1    Press Release issued by BostonFed Bancorp, Inc. on May 14, 2003.