Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported)
April 22, 1997
Long Island Bancorp, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-23526 11-3198508
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
201 Old Country Road
Melville, New York 11747-2724
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (516) 547-2000
Not Applicable
(Former Name of Former Address, if Changed Since Last Report)
Item 1. Changes in Control Registrant
Not Applicable
Item 2. Acquisition or Disposition of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable
Item 5. Other Events
Press Release of Long Island Bancorp, Inc.
dated April 22, 1997
Item 6. Resignations of Registrant's Directors
Not Applicable
Item 7. Financial Statements and Exhibits
(a) Not Applicable
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 hereunto duly authorized.
LONG ISLAND BANCORP, INC.
By: /S/ Mark Fuster
------------------------
Name: Mark Fuster
Title: Chief Financial Officer
(principal financial and
accounting officer)
Date: April 22, 1997
LONG ISLAND BANCORP, INC. NEWS RELEASE
201 Old Country Road
Melville, New York 11747
Contact:
Mary M. Feder
Vice President, Investor Relations
(516) 547-2607
LONG ISLAND BANCORP, INC. ANNOUNCES FOURTH STOCK REPURCHASE PROGRAM
MELVILLE, NY, APRIL 22, 1997 - Long Island Bancorp, Inc. (NASDAQ: LISB), the
holding company for The Long Island Savings Bank, FSB announced today that its
Board of Directors approved the Company's fourth stock repurchase plan. The
plan authorizes the purchase of up to one million shares over the next two
years. The repurchases will be made from time to time, in open market
transactions, at the discretion of management.
Chairman of the Board and Chief Executive Officer, John J. Conefry, Jr.,
commented, "The Board continues to view the Company's stock as an attractive
investment with potential for continued growth. Repurchasing shares in the open
market is one of many ways we plan to use our capital to enhance shareholder
value. "
The Company's third repurchase program concluded on April 14, 1997. The Company
has repurchased 922,500 shares of common stock, par value $.01 per share, in
open market transactions since this third phase of the repurchase program
commenced on April 15, 1996, at an aggregate cost of $28.4 million. Since the
initial public offering in April 1994, the Company has repurchased a total of
3,060,054 shares and has 24,228,267 shares currently outstanding.
The Long Island Savings Bank, FSB is a federally chartered FDIC-insured
institution which serves its customers in 36 full service branch offices
throughout Queens, Nassau and Suffolk counties. The Bank also operates mortgage
loan offices across Long Island and Westchester and in Connecticut, Delaware,
Georgia, Maryland, New Jersey, Pennsylvania, Virginia and North Carolina and an
Internet home page at the address: http://www.lisb.com.
###