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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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 17, 2000
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Prestige Bancorp, Inc.
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(Exact Name of Registrant as Specified in Charter)
Pennsylvania 33-32692 25-1785128
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
710 Old Clairton Road, Pleasant Hills, PA 15236
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (412) 655-1190
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Reasons for Report:
ITEM 5. OTHER EVENT
Prestige Bancorp, Inc. (the "Company") announces
today that the Boards of Directors of the Company and Prestige Bank, a
Federal Savings Bank (the "Bank"), a wholly owned subsidiary of the
Company, each held a meeting on November 15, 2000. At the meeting of
the board of directors of the Company, the board of directors voted to
terminate the Company's employment with John A. Stiver, the Company's
former President and Chief Executive Officer. At the meeting of the
board of directors of the Bank, the board of directors voted to
terminate the Bank's employment with John A. Stiver, the former interim
Chief Executive Officer of the Bank. Mr. Stiver's duties at each
institution will be assumed for now by existing staff and outside
consultants. Mr. Stiver remains a director of each institution.
The Bank is a federally chartered stock savings bank
with its corporate office in Pleasant Hills, Pennsylvania, and branch
offices in Mt. Oliver, Pleasant Hills, Bethel Park, Elizabeth and
Washington, Pennsylvania. It has been in existence since 1935. The
Company's common stock is traded on the over-the-counter market with
quotations available through NASDAQ under the symbol "PRBC".
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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: November 17, 2000
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Registrant: PRESTIGE BANCORP, INC.
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Signature: /s/ Patricia A. White
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Title: Executive Vice President
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