SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

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

                                   FORM 10-Q/A
                                 Amendment No. 1

          (Mark One)

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

                For the quarterly period ended September 30, 1996

                                       OR

          [  ]  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 0-28696

                           Home Bancorp of Elgin, Inc.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

          Delaware                                      36-4090333
(STATE OR OTHER JURISDICTION OF                         (I.R.S. EMPLOYER
 INCORPORATION OR ORGANIZATION)                          IDENTIFICATION NO.)

                  16 North Spring Street, Elgin, Illinois 60120
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
                                   (ZIP CODE)

                                 (847) 742-3800
               (REGISTRANT'S TELEPHONE NUMBER INCLUDING AREA CODE)

                                       N/A
              ----------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed from 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 twelve months (or for 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. Yes  X   No     .
                                             ----     ----

         Indicate the number of shares outstanding of each of the issuer's
classes of common stock as of the latest practicable date.

                                                      Outstanding at
              Class                                 September 30, 1996
              -----                                 ------------------

          Common Stock,
          par value $.01                                   7,009,250



<PAGE>



Part II -- OTHER INFORMATION
           -----------------

Item 6.  Exhibits and Reports on Form 8-K

                 (a)   Exhibit 27 -- Corrected Financial Data Schedule*


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

        *Submitted only with filing in electronic format.



<PAGE>



                                   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 thereunto duly authorized.





                                  HOME BANCORP OF ELGIN, INC.
                                  ---------------------------
                                  (Registrant)



                                   By:  /s/ Lyle N. Dolan
                                      --------------------------------
                                           Lyle N. Dolan
                                           Executive Vice President and Chief
                                           Financial and Accounting Officer


November 15, 1996