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 1, 1998
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COMMISSION FILE NO.: 0-23126
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RELIANCE BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 11-3187176
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(State or other Jurisdiction of Incorporation (IRS Employer or
organization) Identification No.)
585 Stewart Avenue, Garden City, New York 11530
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(Address of principal executive officer) (Zip Code)
Registrant's telephone number, including area code: (516) 222-9300
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Item 5. Other Events
The Company announced that it has completed its previously announced sixth
stock repurchase program. The Company said it repurchased 494,000 shares of its
outstanding common stock, par value $.01 per share, in open market transactions
at an aggregate cost of approximately $13.6 million. Upon settlement of the last
transaction on or about September 4, 1998, there will be 9,174,438 shares of
Reliance Bancorp, Inc. common stock outstanding.
The Company also announced that its Board of Directors approved the
Company's seventh stock repurchase plan. The Company has been authorized by its
Board of Directors to repurchase up to 500,000 of the Company's outstanding
shares.
Item 7 (c). Exhibits
Exhibit 99.1 Press Release for the completion of sixth stock repurchase and
announcing the seventh stock repurchase program.
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.
By: /s/ Raymond A. Nielsen
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Raymond A. Nielsen
President and
Chief Executive Officer
Dated: September 3, 1998