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) November 6, 1998
COMMISSION FILE NO.: 0-23126
RELIANCE BANCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware 11-3187176
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(State or other Jurisdiction of Incorporation (IRS Employer or
organization) Identification No.)
585 Stewart Avenue, Garden City, New York 11530
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(Address of principal executive officer) (Zip Code)
Registrant's telephone number, including area code: (516) 222-9300
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Item 5. Other Events
The Company announced that it has completed its previously announced
seventh stock repurchase program. The Company said it repurchased 500,000 shares
of its outstanding common stock, par value $.01 per share, in open market
transactions at an aggregate cost of approximately $13.9 million. Upon
settlement of the last transaction on or about November 12, 1998, there will be
8,686,844 shares of Reliance Bancorp, Inc. common stock outstanding.
The Company also announced that its Board of Directors approved the
Company's eighth stock repurchase plan. The Company has been authorized by its
Board of Directors to repurchase up to 500,000 of the Company's outstanding
shares.
Item 7 (c). Exhibits
Exhibit 99.1 Press Release for the completion of seventh stock repurchase and
announcing the eighth stock repurchase program.
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.
By: /s/ Raymond A. Nielsen
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Raymond A. Nielsen
President and
Chief Executive Officer
Dated: November 13, 1998