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. 
                       ------------------------------
           (Exact name of registrant as specified in its charter) 
  
  
  Delaware                        0-21942                    65-0418027 
 ---------------------------------------------------------------------------
 (State or other               (Commission              (IRS Employer 
 jurisdiction of               File Number)             Identification No.) 
 incorporation)                           
                                     
  
 450 South Australian Avenue 
 West Palm Beach, Florida                                      33401   
 --------------------------------------------------------------------------
  (Address of principal executive offices)                  (Zip Code) 
  
  
                             (561) 655-8511  
 --------------------------------------------------------------------------
          (Registrant's telephone number, including area code) 
  
  
                             Not Applicable   
 -------------------------------------------------------------------------
      (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.                        
                               ----------------------------------------
                               Name:  Louis O. Davis, Jr. 
                               Title:  President and CEO 
                                     
  
  
  
                               EXHIBIT INDEX 
  
  
  
 Exhibit 
 Number              Description 
 -------             -----------
 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.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4142}]
{"company-data": {"conformed-name": "FIRST PALM BEACH BANCORP INC", "cik": "0000906608", "assigned-sic": "6035", "irs-number": "650418027", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21942", "film-number": "98693546"}, "business-address": {"street1": "450 S AUSTRALIAN AVE", "city": "WEST PALM BEACH", "state": "FL", "zip": "33402-2326", "phone": "4076558511"}, "mail-address": {"street1": "450 SOUTH AUSTRALIAN AVENUE", "city": "WEST PALM BEACH", "state": "FL", "zip": "33402-2326"}}
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. 
                       ------------------------------
           (Exact name of registrant as specified in its charter) 
  
  
  Delaware                        0-21942                    65-0418027 
 ---------------------------------------------------------------------------
 (State or other               (Commission              (IRS Employer 
 jurisdiction of               File Number)             Identification No.) 
 incorporation)                           
                                     
  
 450 South Australian Avenue 
 West Palm Beach, Florida                                      33401   
 --------------------------------------------------------------------------
  (Address of principal executive offices)                  (Zip Code) 
  
  
                             (561) 655-8511  
 --------------------------------------------------------------------------
          (Registrant's telephone number, including area code) 
  
  
                             Not Applicable   
 -------------------------------------------------------------------------
      (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.                        
                               ----------------------------------------
                               Name:  Louis O. Davis, Jr. 
                               Title:  President and CEO 
                                     
  
  
  
                               EXHIBIT INDEX 
  
  
  
 Exhibit 
 Number              Description 
 -------             -----------
 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.