UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) April 22, 1997
COAST BANCORP
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(Exact name of registrant as specified in its charter)
California 001-12253 77-0401327
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(State or other jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
740 Front Street, Santa Cruz, California 95060
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(Address of principal executive offices)
Registrant's telephone number, including area code (408) 458-4501
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Not applicable
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(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS
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In a Press Release dated April 22, 1997, Coast Bancorp (the "Company")
announced earnings for the first quarter ended March 31, 1997 of $1,166,000 or
$0.52 per share as compared to $1,019,000 or $0.45 per share in 1996. Total
assets at March 31, 1997 were $239,058,000.
On April 23, 1997, the Company also announced a cash dividend of 11 1/2
cents per share to be paid to shareholders of record as of May 8, 1997 payable
on May 28, 1997.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) 99.1 Press Release date April 22, 1997
99.2 Press Release date April 23, 1997
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.
COAST BANCORP
Dated April 25, 1997 /s/ Bruce H. Kendall
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Bruce H. Kendall, Senior Vice President
and Chief Financial Officer