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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>UNITED STATES <BR>SECURITIES AND
EXCHANGE COMMISSION <BR>Washington, D.C. 20549 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 8-K </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Current Report
Pursuant to Section 13 or 15(d) of <BR>The Securities Exchange
Act of 1934 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report (Date
of earliest event reported): April 20, 2005 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>MAF BANCORP, INC. </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of
registrant as specified in its charter) </FONT></P>

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     <P ALIGN=CENTER>_________________ </P>



<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="4" ALIGN="CENTER">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="34%" ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Delaware</B> </FONT>
</TD>
     <TD WIDTH="33%" ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>0-18121</B> </FONT>
</TD>
     <TD WIDTH="33%" ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>36-3664868</B> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or other jurisdiction of<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporation)
</FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Commission File Number)
</FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S. Employer Identification No.)
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>55th Street &amp; Holmes Avenue<BR>
&nbsp;Clarendon Hills, Illinois</B> </FONT>
</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center" VALIGN="Bottom"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>60514</B> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Address of principal executive<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;offices)
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Zip Code)
</FONT></TD></TR>
</TABLE>


<BR><BR>


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<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant&#146;s
telephone number, including area code <B>(630) 325-7300</B> </FONT>
</TD>
</TR>
</TABLE>
<BR><BR>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Not Applicable <BR>(Former name or former
address, if changed since last year)</FONT></H1>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="ballot.jpg">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="ballot.jpg">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="ballot.jpg">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="ballot.jpg">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></P>





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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Item 1.01 &nbsp;&nbsp;&nbsp;<U>Entry into a
Material Definitive Agreement.</U> </FONT> </H1>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On April 15, 2005, MAF Bancorp (the
&#147;Company&#148;) completed a private placement to an institutional investor of $30
million of floating rate trust preferred securities, through a newly formed special
purpose finance subsidiary organized as a Delaware trust (the &#147;Trust&#148;). The
trust preferred securities mature in June 2035, are redeemable at the Company&#146;s
option beginning after five years, and require quarterly distributions by the Trust to the
holder of the trust preferred securities, initially at a rate of 4.90%, which will reset
quarterly at the three-month LIBOR rate plus 1.75%. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The proceeds from sale of the trust
preferred securities were used by the Trust to purchase $30,900,000 in aggregate principal
amount of the Company&#146;s floating rate junior subordinated notes. The net proceeds to
the Company from the sale of the notes to the Trust were used by the Company to repay
amounts drawn on its existing $55.0 million revolving line of credit, which remains
available for general corporate purposes including the Company&#146;s stock repurchase
program. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The notes were issued pursuant to a
Junior Subordinated Indenture dated April 15, 2005 between the Company, as issuer, and
Wilmington Trust Company, as trustee (the &#147;Indenture&#148;). Like the trust preferred
securities, the notes bear interest at a floating rate, initially at 4.90%, which will
reset on a quarterly basis at a rate equal to three-month LIBOR plus 1.75%. The interest payments by
the Company will be used to pay the quarterly distributions payable by the Trust to the
holder of the trust preferred securities. However, so long as no event of default, as
described below, has occurred under the notes, the Company may defer interest payments on
the notes (in which case the Trust will be entitled to defer distributions otherwise due
on the trust preferred securities) for up to 20 consecutive quarters. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The notes are subordinated to the
prior payment of any other indebtedness of the Company that, by its terms, is not
similarly subordinated. The notes mature on June 15, 2035, but may be redeemed at the
Company&#146;s option at any time on or after June 15, 2010 or at any time upon certain
events, such as a change in the regulatory capital treatment of the notes, the Trust being
deemed an investment company or the occurrence of certain adverse tax events. Except upon
the occurrence of certain events described above prior to June 15, 2010, the Company may
redeem the notes at their aggregate principal amount, plus accrued interest, if any. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The notes may be declared immediately
due and payable at the election of the trustee or holders of 25% of aggregate principal
amount of outstanding notes upon the occurrence of an event of default. An event of
default generally means (1) default in the payment of any interest when due that continues
unremedied for a period of 60 days, except in the case of an election by the Company to
defer payment of interest for up to 20 consecutive quarters (which does not constitute an
event of default), (2) a default in the payment of the principal amount of the notes at
maturity, (3) in the payment of any interest following the deferral of interest payments
by the Company by 20 consecutive quarters, (4) a default in the Company&#146;s
performance, or breach, of any covenant or warranty in the indenture which is not cured
within 60 days, (5) the institution of any bankruptcy or similar proceedings by or against
the Company or (6) the liquidation or winding up of the Trust, other than as contemplated
in the Indenture. </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Compnay
also has entered into a Guarantee Agrement pursuant to which it has agreed to guarantee
the payment by the Trust of distributions on the trust preferred securities, and the
payment of principal of the trust preferred securities when due, either at maturity or on
redemption, but only if and to the extent that the Trust fails to pay distributions on or
principal of the trust preferred securties after having received interest payments or
principal payments on the notes from the Company for the purpose of paying those
distributionns or the principal amount of the trust preferred securities. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Item 2.03&nbsp;&nbsp;&nbsp; <U>Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
of a Registrant.</U> </FONT> </H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>See the information set forth under
Item 1.01 above, which
is incorporated by reference herein. </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2</FONT></P>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURE </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>




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<TR VALIGN=TOP>
<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>MAF BANCORP, INC.</B><BR><BR>
<BR>BY: /s/ Jerry A. Weberling<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Jerry A. Weberling<BR>Executive Vice President and <BR>&nbsp;&nbsp;Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
<BR>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date:  April 20, 2005 </FONT></P>




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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3</FONT></P>






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[{"type": "8-K", "sequence": "1", "filename": "f8k042005.htm", "description": "ITEMS 1.01 AND  2.03", "secsgml_size_bytes": 13321}]
{"company-data": {"conformed-name": "MAF BANCORP INC", "cik": "0000854662", "assigned-sic": "6035", "irs-number": "363664868", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18121", "film-number": "05762730"}, "business-address": {"street1": "55TH ST & HOLMES AVE", "city": "CLARENDON HILLS", "state": "IL", "zip": "60514", "phone": "6303257300"}, "mail-address": {"street1": "55TH STREET & HOLMES AVENUE", "city": "CLARENDON HILLS", "state": "IL", "zip": "60514"}}
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): April 20, 2005
MAF BANCORP, INC.
(Exact name of
registrant as specified in its charter)
_________________
Delaware
0-18121
36-3664868
(State or other jurisdiction of
Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
55th Street & Holmes Avenue
Clarendon Hills, Illinois
60514
(Address of principal executive
offices)
(Zip Code)
Registrant's
telephone number, including area code
(630) 325-7300
Not Applicable
(Former name or former
address, if changed since last year)
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 1.01
Entry into a
Material Definitive Agreement.
On April 15, 2005, MAF Bancorp (the
"Company") completed a private placement to an institutional investor of $30
million of floating rate trust preferred securities, through a newly formed special
purpose finance subsidiary organized as a Delaware trust (the "Trust"). The
trust preferred securities mature in June 2035, are redeemable at the Company's
option beginning after five years, and require quarterly distributions by the Trust to the
holder of the trust preferred securities, initially at a rate of 4.90%, which will reset
quarterly at the three-month LIBOR rate plus 1.75%.
The proceeds from sale of the trust
preferred securities were used by the Trust to purchase $30,900,000 in aggregate principal
amount of the Company's floating rate junior subordinated notes. The net proceeds to
the Company from the sale of the notes to the Trust were used by the Company to repay
amounts drawn on its existing $55.0 million revolving line of credit, which remains
available for general corporate purposes including the Company's stock repurchase
program.
The notes were issued pursuant to a
Junior Subordinated Indenture dated April 15, 2005 between the Company, as issuer, and
Wilmington Trust Company, as trustee (the "Indenture"). Like the trust preferred
securities, the notes bear interest at a floating rate, initially at 4.90%, which will
reset on a quarterly basis at a rate equal to three-month LIBOR plus 1.75%. The interest payments by
the Company will be used to pay the quarterly distributions payable by the Trust to the
holder of the trust preferred securities. However, so long as no event of default, as
described below, has occurred under the notes, the Company may defer interest payments on
the notes (in which case the Trust will be entitled to defer distributions otherwise due
on the trust preferred securities) for up to 20 consecutive quarters.
The notes are subordinated to the
prior payment of any other indebtedness of the Company that, by its terms, is not
similarly subordinated. The notes mature on June 15, 2035, but may be redeemed at the
Company's option at any time on or after June 15, 2010 or at any time upon certain
events, such as a change in the regulatory capital treatment of the notes, the Trust being
deemed an investment company or the occurrence of certain adverse tax events. Except upon
the occurrence of certain events described above prior to June 15, 2010, the Company may
redeem the notes at their aggregate principal amount, plus accrued interest, if any.
The notes may be declared immediately
due and payable at the election of the trustee or holders of 25% of aggregate principal
amount of outstanding notes upon the occurrence of an event of default. An event of
default generally means (1) default in the payment of any interest when due that continues
unremedied for a period of 60 days, except in the case of an election by the Company to
defer payment of interest for up to 20 consecutive quarters (which does not constitute an
event of default), (2) a default in the payment of the principal amount of the notes at
maturity, (3) in the payment of any interest following the deferral of interest payments
by the Company by 20 consecutive quarters, (4) a default in the Company's
performance, or breach, of any covenant or warranty in the indenture which is not cured
within 60 days, (5) the institution of any bankruptcy or similar proceedings by or against
the Company or (6) the liquidation or winding up of the Trust, other than as contemplated
in the Indenture.
The Compnay
also has entered into a Guarantee Agrement pursuant to which it has agreed to guarantee
the payment by the Trust of distributions on the trust preferred securities, and the
payment of principal of the trust preferred securities when due, either at maturity or on
redemption, but only if and to the extent that the Trust fails to pay distributions on or
principal of the trust preferred securties after having received interest payments or
principal payments on the notes from the Company for the purpose of paying those
distributionns or the principal amount of the trust preferred securities.
Item 2.03
Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
of a Registrant.
See the information set forth under
Item 1.01 above, which
is incorporated by reference herein.
2
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 hereunto duly authorized.
MAF BANCORP, INC.
BY: /s/ Jerry A. Weberling
——————————————
Jerry A. Weberling
Executive Vice President and
Chief Financial Officer
Date:  April 20, 2005
3