UNITED STATES
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): May 2, 2008
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INVESTORS BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-51557 22-3493930
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
101 JFK Parkway, Short Hills, New Jersey 07078
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (973) 924-5100
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Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
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As previously disclosed, Investors Bancorp, Inc. ("Investors Bancorp")
entered into an Agreement and Plan of Merger with Summit Federal Bankshares,
Inc. As required by the Office of Thrift Supervision (OTS), Investors Bancorp
has agreed to issue additional shares of its common stock to Investors Bancorp,
MHC ("Investors MHC"), based on a pro forma market valuation of Summit Federal.
An independent appraisal has determined that, as of March 17, 2008, Summit
Federal had a pro forma market value of $25.0 million.
At the closing of the merger, which is expected to occur in June 2008
subject to receipt of depositor (Summit Federal) and regulatory approvals,
Investors Bancorp will issue the additional shares of common stock to Investors
MHC. The number of shares of common stock to be issued to Investors MHC will
equal $25.0 million divided by the average of the closing sales price of a share
of Investors Bancorp common stock, as reported on the Nasdaq Stock Market, for
the twenty (20) consecutive trading days ending on the second trading day
preceding the completion date of the merger.
Item 9.01. Financial Statements and Exhibits.
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(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibits. None
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.
INVESTORS BANCORP, INC.
DATE: May 6, 2008 By: /s/ Kevin Cummings
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Kevin Cummings
President and Chief Executive Officer