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)
                                November 13, 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 November 13, 1997,  the  Registrant  announced that it had concluded
the repurchase of 73,105 shares  totalling  approximately  5% of its outstanding
common stock in the open market pursuant to a stock repurchase program announced
by the  Registrant on August 27, 1997.  The  Registrant  currently has 1,389,002
shares of common stock outstanding.

         For  further  details,  reference  is made to the Press  Release  dated
November 13,  1997,  which is 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 November 13, 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: November 13, 1997              By:  /s/ Peggy J. Stewart
     ------------------------            ---------------------------------------
                                              Peggy J. Stewart
                                              President and Chief
                                              Executive Officer