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) January 1, 1997
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Iroquois Bancorp, Inc.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
New York 0-18301 16-1351101
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(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
115 Genesee Street, Auburn, New York 13021
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code 315 252-9521
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N.A.
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
ITEM 5. OTHER EVENTS.
Effective January 1, 1997, Iroquois Bancorp, Inc. (the "Company") became a
bank holding company subject to regulation and supervision under the
jurisdiction of the Federal Reserve Board. Prior to that date, as owner of
Cayuga Savings Bank ("CSB"), a New York State Chartered savings bank, and The
Homestead Savings (FA), a federally chartered savings association, the Company
was registered only as a thrift holding company subject to the jurisdiction of
the Office of Thrift Supervision.
The Company was required to become a bank holding company as defined in the
Bank Holding Company Act of 1956, as amended, in order to be able to own and
operate commercial banking organizations and in connection with a specific
transaction in which CSB converted its charter from that of a New York State
savings bank to a commercial bank, now called Cayuga Bank. The conversion of the
CSB charter involved the establishment by the Company of a de novo bank ("Cayuga
Bank") and a merger of CSB with and into Cayuga Bank, with Cayuga Bank as the
surviving institution, with its commercial bank charter and all of the assets,
liabilities, operations and attributes of CSB (except the authority for savings
bank life insurance). CSB did not have any savings bank life insurance portfolio
and therefore the transaction had no effect on the financial statements of the
Company.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements.
Not applicable as the reported event did not require any changes to the
Company's financial statements.
(b) Pro Forma Financial Information.
Not applicable as the reported event did not require any changes to the
Company's financial statements.
(c) Exhibits
The Exhibits to this report include the following:
Exhibit Number Exhibit Description
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2 Agreement and Plan of Merger and Charter Conversion
dated as of April 25, 1996
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this current report on Form 8-K to be signed on
its behalf by the undersigned hereunto duly authorized.
IROQUOIS BANCORP, INC.
/s/ Marianne R. O'Connnor
Date: January 8, 1997 By:__________________________________
Marianne R. O'Connor
Chief Financial Officer & Treasurer
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