SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report August 20, 1997
Stewardship Financial Corporation
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(Exact Name of registrant as specified in its charter)
New Jersey 0-21855 22-3351447
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(State or other jurisdiction of (Commission (IRS Employer)
incorporation) File Number) Identification No.)
630 Godwin Avenue, Midland Park, NJ 07432
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(Address of principal executive offices) (Zip Code)
(201) 444-7100
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(Registrant's telephone number)
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
Stewardship Financial Corporation, parent of the Atlantic Stewardship Bank
announced on August 20, 1997 that it will split its stock 2 for 1. The stock
split will double the number of shares outstanding to 926,725. The new shares
will be issued September 19th to shareholders of record as of August 22, 1997.
Stewardship Financial Corporation was formed November 22, 1996 and the Atlantic
Stewardship Bank was founded September 28, 1985. The Bank is a full service
independent bank with offices in Midland Park, Hawthorne, Waldwick and Wayne. A
new branch is planned to open the fourth quarter of this year in Ridgewood, NJ.
The Atlantic Stewardship Bank is known for its reputation of providing friendly
professional service and for sharing 10% of its pretaxable profits with
Christian and civic charitable and non profit organizations.
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.
Date: August 25, 1997 Stewardship Financial Corporation
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/s/ JULIE E. HOLLAND
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Julie E. Holland
Vice President & Treasurer