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) August 18, 1998
FIRST PALM BEACH BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-21942 65-0418027
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
450 South Australian Avenue
West Palm Beach, Florida 33401
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(Address of principal executive offices) (Zip Code)
(561) 655-8511
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On August 18, First Palm Beach Bancorp, Inc., a Delaware
corporation ("First Palm"), and Republic Security Financial Corporation, a
Florida corporation ("Republic Security"), entered into Amendment No. 1,
dated as of August 18, 1998 (the "Amendment"), to the Agreement and Plan of
Merger, dated as of May 27, 1998, by and between First Palm and Republic
Security (the "Merger Agreement"). The Amendment is filed herewith as
Exhibit 2.1 and is incorporated by reference herein.
Pursuant to and in accordance with the terms of the Merger
Agreement, First Palm and Republic Security have entered into the Amendment
in order to revise the Index Group and the weights attributed to each
entity in such group to reflect the fact that two bank holding companies in
the original Index Group (as defined in the Amendment) have entered into
separate business combination transactions since the Starting Date (as
defined in the Amendment).
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS.
(c) Exhibits
2.1 Amendment No. 1, dated as of August 18, 1998, to the
Agreement and Plan of Merger by and between Republic
Security Financial Corporation and First Palm Beach
Bancorp, Inc., dated as of May 27, 1998.
SIGNATURE
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 hereunder duly authorized.
Dated: August 18, 1998
FIRST PALM BEACH BANCORP, INC.
By: /s/Louis O. Davis, Jr.
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Name: Louis O. Davis, Jr.
Title: President and CEO
EXHIBIT INDEX
Exhibit
Number Description
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2.1 Amendment No. 1, dated as of August 18, 1998, to the
Agreement and Plan of Merger by and between Republic
Security Financial Corporation and First Palm Beach
Bancorp, Inc., dated as of May 27, 1998.