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<SEC-DOCUMENT>0000835345-96-000015.txt : 19961007
<SEC-HEADER>0000835345-96-000015.hdr.sgml : 19961007
ACCESSION NUMBER:		0000835345-96-000015
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19961004
ITEM INFORMATION:		Acquisition or disposition of assets
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		19961004
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COLLECTIVE BANCORP INC
		CENTRAL INDEX KEY:			0000835345
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				222942769
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17515
		FILM NUMBER:		96639257

	BUSINESS ADDRESS:	
		STREET 1:		158 PHILADELPHIA AVE
		CITY:			EGG HARBOR CITY
		STATE:			NJ
		ZIP:			08215
		BUSINESS PHONE:		6096251110

	MAIL ADDRESS:	
		STREET 1:		C/O BERNARD BERKMAN 158 PHILADELPHIA AVE
		STREET 2:		PO BOX 316
		CITY:			EGG HARBOR CITY
		STATE:			NJ
		ZIP:			08215
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>FORM 8-K FOR COLLECTIVE BANCORP, INC.
<TEXT>

                       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 - October 4, 1996


                            COLLECTIVE BANCORP, INC.
             (Exact name of registrant as specified in its charter)


        Delaware                      0-17515                 22-2942769
     (State or other                (Commission             (I.R.S. Employer
jurisdiction of incorporation)       File Number)            Identification No.)


              716 West White Horse Pike, Cologne, New Jersey 08213
               (Address of principal executive offices, zip code)


                                  609-625-1110
              (Registrant's telephone number, including area code)


<PAGE>

Items 1, 3 - 6, 8 Omitted

Item 2, Acquisition or Disposition of Assets

        The  attached  press  release  (Exhibit  99)  issued  by  Collective
        Bancorp,  Inc.,  contains all relevant  information  concerning  the
        acquisition of all the assets of Continental Bancorporation.


Item 7. Financial Statements and Exhibits
        (a) and (b) Omitted because of the absence of the conditions under
            which they would be required
        (c) Exhibits
            (99)  Collective Bancorp, Inc. press release
                   dated October 1, 1996


                                   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.


                                               Collective Bancorp, Inc.
                                               ------------------------
                                                      (Registrant)


Date:  October 4, 1996                         EDWARD J. McCOLGAN
                                               ------------------
                                               Edward J. McColgan
                                                  Vice Chairman


                                       2
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<DESCRIPTION>PRESS RELEASE 10-1-96
<TEXT>


COLLECTIVE BANCORP                                                 NEWS RELEASE
                                                       Contact:   Scott T. Page
                                                                 (609) 625-1110
                                                       -------------------------
                                                                October 1, 1996
FOR IMMEDIATE RELEASE
                                                                COFD #131


                    COLLECTIVE BANCORP COMPLETES ACQUISITION
                          OF CONTINENTAL BANCORPORATION

Egg Harbor, New Jersey, October 1, 1996 - Collective Bancorp, Inc. (NASDAQ: NMS:
COFD) has  completed  its  acquisition  of  Continental  Bancorporation,  it was
announced  today  by  Thomas  H.  Hamilton,  Chairman  and  CEO  of  Collective.
Continental Bancorporation is the parent holding company for Continental Bank of
New Jersey, a state-chartered  commercial bank with $170 million in assets which
operates four banking offices in Camden County,  New Jersey.  Collective Bancorp
will operate  Continental  Bank of New Jersey as a separate  subsidiary  under a
multiple holding company structure.

Under the terms of the transaction,  each of the 5,140,527 shares of Continental
Bancorporation  common stock outstanding was converted into the right to receive
$5.00  per  share in cash.  The total  transaction  is valued at $25.7  million.
Instructions  for the  surrender of shares for payment will be mailed to holders
of Continental  Bancorporation  common stock as soon as practicable,  Collective
indicated.

Collective  Bancorp,  Inc. is the parent holding company for Collective  Bank, a
$5.2 billion in assets federal  savings bank  headquartered  in Egg Harbor,  New
Jersey.  Collective  Bank operates 78 banking offices  providing  depository and
lending services to individuals and businesses throughout New Jersey.


                                       3
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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