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)
                                 April 15, 1997

                           WHG BANCSHARES CORPORATION
                           --------------------------
             (Exact name of Registrant as specified in its Charter)

       Maryland                       0-27606         52-1953867
       --------                       -------         ----------
(State or other jurisdiction      (SEC File No.)      (IRS Employer
    of incorporation)                                 Identification
                                                         Number)

1505 York Road, Lutherville, Maryland                   21093
- -------------------------------------                   -----
(Address of principal executive offices)              (Zip Code)

Registrant's telephone number, including area code:(410) 583-8700
                                                   --------------

                                 Not Applicable
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last Report)






                           WHG BANCSHARES CORPORATION

                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------


Item 5.  Other Events
- -------  ------------

         On April 15, 1997,  the  Registrant  announced its earnings for the six
months ended March 31, 1997,  the  declaration  of a quarterly cash dividend and
that it had received the necessary  regulatory  and Board approval to initiate a
repurchase  of 5% or 76,952 shares of its  outstanding  common stock in the open
market pursuant to a stock repurchase program. The Registrant announced that the
repurchases  would be made from time to time,  subject  to the  availability  of
stock.

         For further details, reference is made to the Press Release dated April
15, 1997, which attached hereto as Exhibit 99.1 and incorporated  herein by this
reference.

Item 7.  Financial Statements, Pro Forma Financial Information
         and Exhibits
- --------------------------------------------------------------

Exhibit 99.1 -- Press Release dated April 15, 1997.
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                                   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, thereunto duly authorized.

                                              WHG BANCSHARES CORPORATION

Date: April 17, 1997                          By:  /s/ Peggy J. Stewart
     ------------------------                      ---------------------
                                                   Peggy J. Stewart
                                                   President and Chief
                                                   Executive Officer