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):
September 30, 2002
MONMOUTH COMMUNITY BANCORP
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(Exact name of registrant as specified in charter)
New Jersey 0-27428 22-3757709
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
627 Second Avenue, Long Branch, New Jersey 07740
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (732) 571-1300
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
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Monmouth Community Bancorp announced on Monday, September 30, 2002, the
conclusion of the company's offering to its shareholders of record as of July
23, 2002 of 1,023,415 rights to purchase shares of the company's common stock
pursuant to the company's Registration Statement on Form SB-2 (Registration No.
333-87352). During the period in which rights could be exercised for shares of
the company's common stock, shareholders of the company purchased a total of
152,589 shares of common stock. Upon expiration of the rights on September 30,
2002, 870,826 shares of the company's common stock, the number of shares of
common stock reserved for issuance upon the exercise of rights but which were
not purchased during the offering of rights, were made available to the public.
These shares are in addition to the 150,000 shares of company common stock
already being offered to the public. The offering to the public will conclude on
November 30, 2002, unless extended by the company at its sole discretion.
Monmouth Community Bancorp announced on Saturday, October 12, 2002, the
opening of the Ocean Grove, New Jersey branch of Monmouth Community Bank, N.A.,
the company's wholly-owned subsidiary. Monmouth Community Bank had filed an
application on May 7, 2002 with the Office of the Comptroller of the Currency
for the establishment of a full service bank branch to be located at 61 Main
Avenue, Ocean Grove, New Jersey. The Office of the Comptroller of the Currency
approved Monmouth Community Bank's application for an Ocean Grove branch on June
12, 2002. As a result of the commencement of banking operations at the Ocean
Grove location, Monmouth Community Bank has increased its total number of full
service branches to five, including branches located in Long Branch, Spring Lake
Heights, Little Silver and Neptune City, New Jersey.
In addition, Monmouth Community Bank expects to commence banking operations
at its newest branch office located at 3636 Highway 33, Neptune, New Jersey by
the end of the first quarter of 2003. The Office of the Comptroller of the
Currency previously approved Monmouth Community Bank's application for a Neptune
branch on July 10, 2002.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
MONMOUTH COMMUNITY BANCORP
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(Registrant)
By: /s/ James S. Vaccaro
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James S. Vaccaro
Chairman and Chief Executive Officer
Date: October 15, 2002