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)
March 13, 2002
STATEFED FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-22790 42-1410788
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(State or other (Commission File No. (IRS Identification No.)
jurisdiction of incorporation)
13523 University Avenue, Clive, Iowa 50325
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (515) 223-8484
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N/A
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(Former name or former address, if changed since last report)
ITEM 5. Other Events
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On March 13, 2002, the Registrant issued the press release attached
hereto as Exhibit 99.
ITEMS 7. Financial Statements and Exhibits
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(a) Exhibits:
Exhibit 99 - Press release dated March 13, 2002
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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 thereunto duly authorized.
STATEFED FINANCIAL CORPORATION
Date: March 13, 2002 By: /s/ Andra K. Black
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Andra K. Black
Executive Vice President and Chief
Financial
Officer
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Exhibit 99.1
STATEFED FINANCIAL CORPORATION
13523 UNIVERSITY AVENUE
CLIVE, IOWA 50325
FOR MORE INFORMATION FOR IMMEDIATE RELEASE
Contact Andra K. Black Date March 13, 2002
Executive Vice President & CFO
at (515) 223-8484
STATEFED FINANCIAL CORPORATION
DECLARES CASH DIVIDEND
DES MOINES, IOWA - StateFed Financial Corporation, parent corporation of
State Federal Savings and Loan Association of Des Moines, announced today that
the Corporation will pay a regular cash dividend of $.10 (10 cents) per share
for the 3rd quarter of the 2002 fiscal year. The dividend will be payable on
April 5, 2002 to shareholders of record on March 31, 2002.
State Federal serves central Iowa through its three offices located in Des
Moines and Clive, Iowa. At March 13, 2002, State Federal exceeded all applicable
regulatory capital requirements on a fully-phased in basis.
The Corporation had $98.2 million in assets and $14.5 million in
stockholders' equity as of December 31, 2001. The Corporation's stock is trades
on the NASDAQ System under the symbol "SFFC".
When used in this press release or other public shareholder
communications, or in oral statements made with the approval of an authorized
executive officer, the words or phrases "will likely result," "are expected to,"
"will continue," "is anticipated," "estimate," "project," "significantly" or
similar expressions are intended to identify "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. The Company
wishes to
caution readers not to place undue reliance on any forward-looking statements,
which speak only as of the date made, and to advise readers that various factors
including regional and national economic conditions, changes in levels of market
interest rates, credit risks of lending activities and competitive and
regulatory factors could affect the Bank's financial performance and could cause
the Company's actual results for future periods to differ materially from those
anticipated or projected.
The Company does not undertake, and specifically disclaims, any
obligations to publicly release the result of any revisions, which may be made
to any forward-looking statements to reflect the occurrence of anticipated
events or circumstances after the date of such statements.