SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                         ------------------------------

                                   FORM 10-QSB

(Mark One)
[ X ]    QUARTERLY  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 1999.

[   ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

         For the transition period from _______________ to _______________

                         Commission File Number 0-27747


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

         Delaware                                          52-2197122
-------------------------------             ----------------------------------
(State or other jurisdiction                (IRS Employer Identification number)
 of incorporation or organization)



                  893 Franklin Avenue, Newark, New Jersey 07107
                  ---------------------------------------------
                    (Address of principal executive offices)

Registrant's telephone number, including area code:           (973) 483-0001
                                                              --------------


  -----------------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last report

         Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934 during the preceding 12 months (or such shorter  period that the Registrant
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days.      (1) Yes /X/ No / /
                                        (2) Yes /X/  No / /

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

         Indicate  the  number of  shares  outstanding  of each of the  issuer's
classes of stock,  as of the latest  practicable  date:  76,000 shares of common
stock par value $.01 per share

         Transitional Small Business Disclosure Format (check one):

Yes  /   / No  /X/



<PAGE>



                       DOLLAR BANCORP, INC. AND SUBSIDIARY

                                      INDEX

                                                                       Page

PART I.  FINANCIAL INFORMATION

                  Item 1. Financial Statements

                  Balance Sheets as of
                    December 31, 1999 and March 31, 1999                     1

                  Statements of Operations for the
                    three and nine months ended
                    December 31, 1999 and 1998                               2

                  Statements of Stockholders' Equity
                    for the nine months ended
                    December 31, 1999                                        3

                  Statements of Cash Flows for the
                    nine months ended December 31, 1999 and 1998             4

                  Notes to Financial Statements                              5

                  Item 2. Management's Discussion and Analysis
                          of Financial Condition and Results of
                          Operations                                         6

PART II. OTHER INFORMATION                                                   9



<PAGE>


PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS


                              Dollar Bancorp, Inc.
                              Balance Sheets as of
                      December 31, 1999 and March 31, 1999
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                              At                                 At
                                                     December 31, 1999              March 31, 1999
                                                     -----------------              --------------


Assets

<S>                                                     <C>                        <C>
   Cash                                                 $500,307                   $313,575
   Interest bearing deposits                           3,498,647                  2,504,860
   Mortgage-backed securities                             21,481                     28,863
   Loans receivable, net                               5,667,089                  6,231,435
   Premises & equipment                                  288,911                    297,135
   Real estate owned                                     285,187                          0
   Stock in federal home loan bank                        56,500                     56,500
   Refundable income taxes                                 7,403                      7,403
   Other assets                                           29,120                     24,555
                                                          ------                     ------

Total Assets                                         $10,354,645                 $9,464,326
                                                     ===========                 ==========


Liabilities

   Deposits                                            8,763,036                  7,902,237
   Advances for taxes and insurance                       48,859                     57,556
   Other liabilities                                      70,937                     94,571
                                                          ------                     ------

Total liabilities                                      8,882,832                  8,054,364
                                                       ---------                  ---------

Stockholders' Equity

   Common Stock, $.01 and $1 per share;
     76,000 shares issued                                    760                     76,000
   Additional paid in capital                            629,382                    554,142
   Retained earnings                                     841,671                    779,820

Total Stockholders' Equity                             1,471,813                  1,409,962
                                                       ---------                  ---------
Total liabilities and  Stockholders' Equity          $10,354,645                 $9,464,326
                                                     ===========                 ==========
</TABLE>


<PAGE>


                              Dollar Bancorp, Inc.
                            Statements of Operations
                       For the three and nine months ended
                           December 31, 1999 and 1998
                                   (Unaudited)

<TABLE>

                                                 For the three months ended       For the nine months ended
                                                         December 31,                     December 31,
                                                 --------------------------       -------------------------
                                                   1999           1998              1999              1998
                                                 ---------         --------        ---------       --------
Interest Income:
<S>                                               <C>            <C>                 <C>            <C>
   Loans                                          $139,607       $153,490            $405,280       $468,168
   Mortgage-backed securities                          469            693               1,587          2,164
   Other                                            51,839         34,939             136,867         99,517
                                                   -------        -------              ------        -------
      Total interest income                        191,915        189,122             543,734        569,849
                                                   -------        -------             -------        -------

Interest expense
   Deposits:
      Savings                                       27,302         22,994              76,813         68,333
      Time                                          38,210         39,315              97,309        111,901
                                                    ------         ------              ------        -------
        Total interest expense                      65,512         62,309             174,122        180,234
                                                    ------         ------             -------        -------

Net interest income                                126,403        126,813             369,612        389,615
Provision for loan losses                                0         74,687                   0         74,687

Net interest income after provision
   for loan losses                                 126,403         52,126             369,612        314,928
                                                   -------         ------             -------        -------

Non-interest income:
   Loan fees and service charges                     7,145         11,432              14,569         37,589
   Income from real estate operations                2,410              0               2,410              0
   Other                                             3,845          3,857              11,511         10,705
                                                     -----          -----              ------         ------
        Total non-interest income                   13,400         15,289              28,490         48,294

Non-interest expense:
   Salaries and employee benefits                   57,987         54,200             165,087        152,897
   Net occupancy expense of premises                  (26)          8,866               4,358         24,787
   Equipment                                         1,107          1,541               4,669          8,304
   Federal insurance premium                         1,254          1,138               3,758          3,522
   Loss from real estate operations                      0              0                   0              0
   Loss from sale of loans                               0              0                   0              0
   Other                                            49,716       (16,536)             158,379         73,040
                                                   -------        -------             -------         ------
        Total non-interest expense                 110,038         49,209             336,251        262,550

Income (Loss) before income taxes                  $29,765        $18,206              61,851        100,672
Income taxes                                             0              0                   0              0
                                                         -              -                   -              -
       Net Income                                  $29,765        $18,206              61,851        100,672
                                                 ========         =======              ======        =======

Earnings per share (Basic)                             .39            .24                 .81           1.32
Earnings per share (Diluted)                           .39            .24                 .81           1.32
Cash dividends declared per share                        0              0                   0              0
Shares used in computing earnings per share         76,000         76,000              76,000         76,000
</TABLE>

<PAGE>


                              Dollar Bancorp, Inc.
                        Statement of Stockholders' Equity
                       Nine months ended December 31, 1999
                                   (Unaudited)

<TABLE>
<CAPTION>

                                            Common        Additional       Retained       Total
                                            stock         paid-in          earnings       stockholders'
                                                          capital                         equity


<S>                                        <C>             <C>              <C>               <C>
Balance, March 31, 1999                    $76,000         $554,142         $779,820          $1,409,962

Net Income                                                                   $61,851             $61,851

Reorganization                             ($75,240)        $75,240


Balance,  December 31, 1999                    $760        $629,382          $841,671         $1,471,813
</TABLE>


<PAGE>


                              Dollar Bancorp, Inc.
                            Statements of Cash Flows
                  Nine months ended December 31, 1999 and 1998
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                          December 31,              December 31,
                                                                              1999                      1998
Cash flows from operating activities:
<S>                                                                     <C>                      <C>
     Net income (loss)                                                  $    61,851              $     100,672
     Adjustments to reconcile net income (loss) to net
         cash provided by operating activities
         Amortization of deferred loan fees                                 (2,625)                    (6,516)
         Depreciation of premises and equipment                               9,457                     10,292
Provision for losses on loans and real estate                                     0                     74,687
         Loss on sale of loans                                                    0                          0
         Loss on sale of real esstate owned                                       0                          0
         Decrease in refundable income taxes                                      0                          0
         (Increase) in other assets                                         (4,565)                    (4,589)
         (Decrease) in other liabilities                                   (23,634)                   (88,701)
         Increase in accrued interest payable on
           deposits                                                           8,290                     18,992
                                                                              -----                     ------

Net cash provided by(used in) operating activities                           48,774                    104,837
                                                                             ------                    -------

Cash flows from investing activities:
     Proceeds from redemption of Federal Home Loan
         Bank stock                                                               0                          0
     Principal repayment on mortgage-backed securities                        7,382                      4,456
     Proceeds from sales of loans                                                 0                          0
     Proceeds from sales of real estate owned                                     0                      6,953
     Net decrease in loans receivable                                       281,784                    211,371
     Loan Purchased                                                                                  (354,000)
     Purchase of equipment                                                  (1,233)                          0
                                                                            -------                          -

Net cash provided by (used in) investing activities                         287,933                  (131,220)
                                                                            -------                  ---------

Cash flows from financing activities:
     Net increase in deposits                                               852,509                    469,690
     (Decrease) in advance payments by borrowers
          for taxes and insurance                                           (8,697)                   (24,734)
                                                                            -------                   --------


Net cash provided by financing activities                                   843,812                    444,956
                                                                            -------                    -------

Net increase in cash and cash equivalents                                 1,180,519                    418,573
Cash and cash equivalents, beginning                                      2,818,435                  2,383,767
                                                                          ---------                  ---------

Cash and cash equivalents, ending                                      $  3,998,954              $   2,802,340
                                                                       ============              =============
</TABLE>


<PAGE>


NOTES TO THE FINANCIAL STATEMENTS

(1)      Basis of Presentation
         ---------------------

         The  accompanying  unaudited  financial  statements  were  prepared  in
accordance  with  instructions  for Form  10-QSB and  therefore,  do not include
information  for footnotes  necessary for a complete  presentation  of financial
position,  results of  operations,  and cash flows in conformity  with generally
accepted  accounting  principles.  The  following  material  under  the  heading
"Management's  Discussion  and  Analysis of Financial  Condition  and Results of
Operations"  is  written  with the  presumption  that the  users of the  interim
financial  statements have read, or have access to the latest audited  financial
statements and notes thereto of Dollar Bancorp, Inc. (the "Company").

         All adjustments  (consisting only of normal recurring  accruals) which,
in the opinion of  management,  are  necessary  for a fair  presentation  of the
financial  statements  have been included in the results of  operations  for the
three and nine month periods ending December 31, 1999.

         Operating results for the nine month period ended December 31, 1999 are
not  necessarily  indicative  of the results that may be expected for the fiscal
year ending March 31, 2000.

(2)      Holding Company Reorganization
         ------------------------------

         At  a  Special  Meeting  of  Stockholders   held  September  20,  1999,
stockholders of Dollar Savings Bank (the "Bank") approved the  reorganization of
the Bank  into the  holding  company  structure,  whereby  the  Bank  becomes  a
wholly-owned subsidiary of the Company, a Delaware corporation. Each outstanding
share of the Bank's common stock, par value $1.00 per share,  was  automatically
converted  into one share of the  Company's  common  stock,  par value  $.01 per
share. The Bank completed the reorganization on October 20, 1999.

(3)      Earnings per share
         ------------------

         Earnings  per share are based  upon the  outstanding  common  shares or
76,000  shares.  The  earnings  per share for the  three and nine  months  ended
December 31, 1999 is $.39 and $.81 respectively.

(4)      Book value per share
         --------------------

         The book value per share is based upon the outstanding common shares or
76,000 shares. The book value per share at December 31, 1999 is $19.37.



<PAGE>


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Forward Looking Statements

         In addition to historical  information,  this Quarterly Report contains
forward-looking  statements.  The forward-looking  statements  contained in this
document are subject to certain risks and uncertainties  that could cause actual
results  to  differ  materially  from  those  projected  in the  forward-looking
statements.  Important factors that might cause such a difference  include,  but
are not limited to,  those  discussed  in this  section  entitled  "Management's
Discussion  and  Analysis of  Financial  Condition  and Results of  Operations."
Readers shouldn't place undue reliance on these forward-looking  statements,  as
they reflect  management's  analysis as of the date of this report.  The Company
has no  obligation  to update  or revise  these  forward-looking  statements  to
reflect  events or  circumstances  that  occur  after  the date of this  report.
Readers should carefully review the risk factor described in other documents the
Company files from time to time with the  Securities  and Exchange  Commissison,
including reports filed on Form 8-K.

Comparison of Financial Condition at December 31, 1999 and March 31, 1999

Assets

         Total assets  increased  $890,319,  or 9.4%, to $10,354,645 at December
31, 1999,  from  $9,464,326 at March 31, 1999.  The increase in total assets was
primarily  attributable to a $993,787 increase in interest bearing  deposits,  a
$285,187  increase in real estate owned and a $186,732  increase in cash,  which
were partially offset by a $564,346 decrease in loans receivable,  net, a $7,382
decrease in  mortgage-backed  securities  and a $8,224  decrease in premises and
equipment.

Liabilities

         Total  liabilities  increased by $828,468,  or 10.3%,  to $8,882,832 at
December  31, 1999 from  $8,054,364  at March 31,  1999.  Deposits  increased to
$8,763,036  from  $7,902,237  while advances for taxes decreased to $48,859 from
$57,556 and other  liabilities  including  accrued  expenses and  uncashed  bank
checks decreased to $70,937 from $94,571.

Stockholders' Equity

         Stockholders'  equity  increased by $61,851,  or 4.4%, to $1,471,813 at
December  31,  1999  from   $1,409,962  at  March  31,  1999.  The  increase  in
stockholders'  equity is attributable to the Company's net income of $61,851 for
the nine month period.

Comparison of Operating Results for the Three Months Ended December 31, 1999 and
December 31, 1998

Net Income

         Net income  increased  $11,559 to $29,765  for the three  months  ended
December 31, 1999 from $18,206 for the three months ended December 31, 1998. The
increase in net income  resulted  primarily  from a $2,793  increase in interest
income and a $74,687  decrease in provision  for loan losses which was partially
offset  by a  decrease  in  non-interest  income of $1,889  and an  increase  in
non-interest expense of $60,829.


<PAGE>


Interest Income

         Interest income  increased  $2,793,  or 1.5%, to $191,915 for the three
months ended December 31, 1999 from $189,122 for the three months ended December
31,1998. The increase in interest income was attributed to a $16,900 increase in
other  interest  income  which was  partially  offset by a $13,883  decrease  in
interest  income  attributable to loans and a slight decrease in interest income
attributable to mortgage-backed securities of $224.

Interest Expense

         Interest expense  increased  $3,203,  or 5.1%, to $65,512 for the three
months ended  December 31, 1999 from $62,309 for the three months ended December
31,  1998.  This  increase  was due to a $4,308  increase in the cost of savings
deposits  which was  partially  offset by a $1,105  decrease in the cost of time
deposits.

Provision for Loan Losses

         The Company did not  establish a provision  for loan losses  during the
three month period ended December 31, 1999 but did establish a $74,687 provision
for the three month period ended  December 31, 1998 because one of the Company's
borrowers  went into  bankruptcy.  The Company  maintains its allowance for loan
losses based upon management's periodic evaluation of known or inherent risks in
the loan portfolio, the Company's past loss experience,  level of delinquencies,
adverse  situations  that may affect a borrower's  ability to repay a loan,  the
estimated value of the underlying collateral, and market conditions. The Company
did not experience any loss from real estate  operations during the three months
ended December 31, 1999 or December 31, 1998.

Non-Interest Income

         Non-interest  income  decreased  $1,889,  or 12.4%,  to $13,400 for the
three  months  ended  December  31, 1999 from $15,289 for the three months ended
December  31, 1998.  The decrease was due to a $4,287  decrease in loan fees and
service  charges  which was offset by an  increase of $2,410 in income from real
estate operations and a slight increase in other non-interest  income consisting
primarily of fees generated by executing money orders.

Non-Interest Expense

         Non-interest  expense  increased $60,829 or 123.6%, to $110,038 for the
three  months  ended  December  31, 1999 from $49,209 for the three months ended
December 31, 1998. The increase was primarily due to a $66,252 increase in other
non-interest  expenses  and an increase in salaries  and  employees  benefits of
$3,787  which were  partially  offset by a decrease  of $8,892 in net  occupancy
expense of premises and a slight decrease in equipment expense.

Income Tax Expense

         The  Company  did not incur any  income  tax  expense  during the three
months ended  December  31, 1999 and  December  31,  1998.  This is due to a net
operating loss carryover from previous years.


<PAGE>

Comparison of Operating  Results for the Nine Months Ended December 31, 1999 and
December 31, 1998

Net Income

         Net  income  decreased  $38,821 to $61,851  for the nine  months  ended
December 31, 1999 from $100,672 for the nine months ended December 31, 1998. The
decrease in net income resulted primarily from a decrease in non-interest income
of  $19,804  and an  increase  in  non-interest  expense  of  $73,701  which was
partially offset by a decrease in provision for loan losses of $74,687.

Interest Income

         Interest income  decreased  $26,115,  or 4.6%, to $543,734 for the nine
months ended  December 31, 1999 from $569,849 for the nine months ended December
31,1998. The decrease in interest income was attributed to a $62,888 decrease in
interest income on loans which was partially offset by a $577 in interest income
attributable to mortgage-backed  securitie and a $37,350 increase other interest
income.

Interest Expense

         Interest expense  decreased  $6,112,  or 3.4%, to $174,122 for the nine
months ended  December 31, 1999 from $180,234 for the nine months ended December
31,  1998.  This  decrease  was due to a  $14,592  decrease  in the cost of time
deposits, which was partially offset by a $8,480 increase in the cost of savings
deposits.

Provision for Loan Losses

         The Company did not  establish a provision  for loan losses  during the
nine month period ended December 31, 1999 but did establish a $74,687  provision
for the nine month period ended  December 31, 1998 because one of the  Company's
borrowers  went into  bankruptcy.  The Company  maintains its allowance for loan
losses based upon management's periodic evaluation of known or inherent risks in
the loan portfolio, the Company's past loss experience,  level of delinquencies,
adverse  situations  that may affect a borrower's  ability to repay a loan,  the
estimated value of the underlying collateral, and market conditions. The Company
did not experience any loss from real estate  operations  during the nine months
ended December 31, 1999 or December 31, 1998.

Non-Interest Income

         Non-interest  income  decreased  $19,804,  or 41.0%, to $28,490 for the
nine  months  ended  December  31, 1999 from  $48,294 for the nine months  ended
December 31, 1998.  The decrease was due to a $23,020  decrease in loan fees and
service  charges  which was offset by an  increase of $2,410 in income from real
estate operations and a slight increase in other non-interest  income consisting
primarily of fees generated by executing money orders.

Non-Interest Expense

         Non-interest  expense  increased  $73,701 or 28.1%, to $336,251 for the
nine months  ended  December  31, 1999 from  $262,550  for the nine months ended
December 31, 1998.  The increase was  primarily due to an increase of $85,339 in
other  non-interest  expenses and a $12,190  decrease in salaries and  employees
benefits  which was partially  offset by a decrease in net occupancy  expense of
premises of $20,429.

<PAGE>


Income Tax Expense

         The Bank did not incur any income tax  expense  during the nine  months
ended  December 31, 1999 and December 31, 1998.  This is due to a net  operating
loss carryover from previous years.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

         The  Company's  most  significant  form of market risk is interest rate
risk, as the majority of the Company's  assets and  liabilities are sensitive to
changes in interest rates. The Company's assets consist  primarily of fixed rate
mortgage loans (the majority of which have five year balloon terms),  which have
longer  maturities  than the Company's  liabilities  which consist  primarily of
deposits.  The Company's mortgage loan portfolio,  consisting primarily of loans
secured by residential real property located in Essex County, is also subject to
risks  associated  with the local economy.  The Company does not own any trading
assets. At December 31, 1999, the Company did not have any hedging  transactions
in place, such as interest rate swaps and caps. The Company's interest rate risk
management  focuses  primarily on evaluating and managing the composition of the
Company's  assets  and  liabilities  in the  context of  various  interest  rate
scenarios.  Factors beyond management's  control,  such as market interest rates
and competition, also have an impact on interest income and interest expense.

         During the quarter ended  December 31, 1999,  there were no significant
changes in the Company's assessment of market risk.



PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

         There are various claims and lawsuits in which the Bank is periodically
involved incidental to the Company's business. In the opinion of management,  no
material loss is expected from any of such pending claims or lawsuits.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

         (a) Changes in Securities.

         Not applicable.

         (b) Use of proceeds.

         Not applicable

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         (a) Defaults upon senior securities.

<PAGE>


         Not applicable.

         (b) Use of proceeds.

         Not applicable.

ITEM 4.  OTHER INFORMATION

         None.

ITEM 5.  EXHIBITS AND REPORT ON FORM 8-K.

         Exhibit 27   Edgar Financial Data Schedule.


<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this  report to be signed by the  undersigned
thereunto duly authorized.


                                  DOLLAR BANCORP, INC.


Date: February 10, 2000           By:      /s/ Robert DeMane
                                           -------------------------------------
                                           Robert DeMane
                                           President and Chief Executive Officer



Date: February 10, 2000
                                  By:      /s/ Susan L. Velardi
                                           -------------------------------------
                                           Susan L. Velardi
                                           Vice President and Treasurer