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): December 17, 2002
000-24478 38-3073622
(Commission File No.) (IRS Employer Identification No.)
DEARBORN BANCORP, INC.
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(Exact name of registrant as specified in its charter)
22290 Michigan Avenue, Dearborn, MI
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(Address of Principal Executive Offices)
48124
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(Zip Code)
(313) 274-1000
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(Registrant's Telephone Number, Including Area Code)
Item 5. Other Events
On December 17, 2002, the Registrant declared a stock dividend of one share of
it's common, non-assessable stock for each 20 shares owned by each stockholder
of record as of the close of business December 27, 2002. A copy of the press
release announcing the stock dividend is attached to this document as exhibit
99.1.
On December 20, 2002, the Registrant announced that the Company had raised $10
million from its participation in a pooled trust preferred securities offering.
The securities qualify as Tier I capital for regulatory purposes, but are
considered to be liabilities for financial reporting purposes. A copy of the
press release announcing the issuance of trust preferred securities is attached
to this document as exhibit 99.2.
Item 7. Exhibits
99.1 Press Release dated December 17, 2002, announcing Dearborn
Bancorp, Inc.'s declaration of a stock dividend.
99.2 Press Release dated December 20, 2002, announcing Dearborn
Bancorp, Inc.'s agreement to issue $10 million in Trust
Preferred Securities.
DEARBORN BANCORP, INC.
FORM 8-K (continued)
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.
Dearborn Bancorp, Inc.
(Registrant)
/s/ John E. Demmer
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John E. Demmer
Chairman
/s/ Michael J. Ross
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Michael J. Ross
President and Chief Executive Officer
/s/ Jeffrey L. Karafa
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Jeffrey L. Karafa
Treasurer and Chief Financial Officer
Date: December 20, 2002
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated December 17, 2002, announcing Dearborn
Bancorp, Inc.'s declaration of a stock dividend.
99.2 Press Release dated December 19, 2002, announcing Dearborn
Bancorp, Inc.'s agreement to issue $10 million in Trust
Preferred Securities.