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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
MARCH 3, 1997
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Date of Report (Date of Earliest event reported)
ML BANCORP, INC.
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(Exact name of registrant as specified in its charter)
COMMONWEALTH OF PENNSYLVANIA
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(State or other jurisdiction of incorporation)
0-24358
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(Commission File Number)
23-2752439
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(IRS Employer Identification No.)
TWO ALDWYN CENTER
LANCASTER AVENUE & ROUTE 320
VILLANOVA, PENNSYLVANIA 19085
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(Address of principal executive offices)
(610) 526-6200
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Registrant's telephone number, including area code
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ITEM 5. OTHER EVENTS
The following text corrects and supersedes previously filed portions
of ML Bancorp's Annual Report to Stockholders for the year ended March 31, 1996
(the "Annual Report"), which is included as Exhibit 13 to the Company's Form
10-K for such fiscal year:
The third sentence in the fourth paragraph under "Net Interest
Income" on page 14 of the Annual Report is hereby amended to read as
follows: "Additionally, the increase in total interest expense was
caused by a $6.2 million or 24.0% increase in interest expense on
deposits as the average balance of deposits increased by
$53.7 million and the yield paid increased by 56 basis points, and a
$4.7 million or 26.0% increase in interest expense on FHLB advances."
Each of "Earnings per common and common equivalent share" and
"Earnings per common share - assuming full dilution" for the three
months ended September 30, 1996, as reflected in the tabular
presentation of the Company's quarterly results of operations on page
18 of the Annual Report, amounts to $0.44 per share.
The following text corrects and supersedes previously filed portions
of Item 2 of ML Bancorp's Form 10-Q for the quarterly period ended December 31,
1996:
The amortization related to stock benefit plans referred to in
the second sentence under "Equity" on page 10 of the above-referenced
Form 10-Q amounted to $2.1 million.
The following text corrects and supersedes previously filed portions
of the Company's definitive proxy statement, dated June 13, 1996, for the
Company's 1996 Annual Meeting of Stockholders, which was incorporated by
reference as Item 11 of the Company's Annual Report on Form 10-K for the year
ended March 31, 1996:
The value of unexercisable stock options held at March 31,
1996 by Brian M. Hartline, as reflected in the tabular presentation on
page 10 of the above-referenced proxy statement, amounts to $375,375.
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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 hereunto duly authorized.
ML BANCORP, INC.
/s/ Brian M. Hartline
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By: Brian M. Hartline
Senior Vice President,
Chief Financial Officer,
Secretary and Treasurer
(principal financial officer)
Date: March 3, 1997
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