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) October 21, 1999
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COMMISSION FILE NO.: 0-23126
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RELIANCE BANCORP, INC.
(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
On October 21, 1999, Reliance Bancorp, Inc. reported its first quarter
fiscal year 2000 results. For the quarter ended September 30, 1999, net income
increased to $5.4 million from $4.8 million in the prior year quarter. Earnings
on a fully diluted per share basis rose 24% to $0.62 from $0.50 and return on
average equity increased 13.4% to 16.67%, from 14.70% in the prior year
quarter.
As of September 30, 1999, total assets were $2.5 billion, deposits were
$1.6 billion and total stockholders' equity was $171.7 million. At September 30,
1999, the Company had 8,589,490 common shares outstanding with tangible book
value per share of common stock of $13.79.
Item 7 (c). Exhibits
Exhibit 99.1 Press Release reporting the Company's first quarter fiscal year
2000 results.
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: October 21, 1999
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