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): February 12, 2007
DELANCO BANCORP, INC.
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(Exact Name of Registrant as Specified in Its Charter)
United States 333-139339 36-4519533
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
3615 Burlington Avenue, Delanco, New Jersey 08075
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(Address of principal executive offices) (Zip Code)
(856) 461-0611
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
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On February 12, 2007, Delanco Bancorp, Inc., a federal stock holding
company (the "Company"), Delanco MHC, a federal mutual savings and loan holding
company (the "MHC"), and Delanco Federal Savings Bank, a federal savings bank
(the "Bank"), entered into an Agency Agreement with Ryan Beck & Co, Inc. ("Ryan
Beck"), who will act as the Company's financial advisor during the Company's
stock offering and also assist in the marketing of the Company's common stock
during its stock offering. For these services, Ryan Beck will receive a fee of
$150,000. In the event that Ryan Beck sells common stock through a group of
broker-dealers in a syndicated community offering, it will be paid a fee equal
to 1.0% of the dollar amount of total shares sold in the syndicated community
offering, which fee along with the fee payable to selected dealers (which may
include Ryan Beck for the shares it sells) for the shares they sell shall not
exceed 6.0% of the aggregate dollar amount of shares sold in the syndicated
offering.
The shares of common stock are being offered pursuant to a Registration
Statement on Form SB-2 (Registration No. 333-139339) filed under the Securities
Act of 1933, as amended, and a related prospectus dated February 9, 2007.
The foregoing description of the terms of the Agency Agreement is
qualified in its entirety by reference to the Agency Agreement, which is filed
as Exhibit 1.1 hereto and incorporated by reference herein.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
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(d) Exhibits
Number Description
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1.1 Agency Agreement dated February 12, 2007 between
Delanco Bancorp, Inc., Delanco MHC, Delanco Federal
Savings Bank and Ryan Beck & Co, Inc.
SIGNATURE
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.
Date: February 13, 2007 By: /s/ Robert M. Notigan
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Robert M. Notigan
President and Chief Executive Officer