-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T3bxB10Oln+R/Fp08QCnvzkQHW5XMOl//3X5pFjXJcVSbxF3TpB2a6htkl3IH7EV Zw9D7J0kHwcDoncFmJUP+g== 0000927089-98-000036.txt : 19980304 0000927089-98-000036.hdr.sgml : 19980304 ACCESSION NUMBER: 0000927089-98-000036 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980303 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PEEKSKILL FINANCIAL CORP CENTRAL INDEX KEY: 0001001802 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 133858258 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-48405 FILM NUMBER: 98556815 BUSINESS ADDRESS: STREET 1: 1019 PARK ST CITY: PEEKSKILL STATE: NY ZIP: 10566 BUSINESS PHONE: 9147372777 MAIL ADDRESS: STREET 1: 1019 PARK ST CITY: PEEKSKILL STATE: NY ZIP: 10566 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST BANKERS TRUST CO NA CENTRAL INDEX KEY: 0000941473 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 370622729 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1201 BROADWAY CITY: QUINCY STATE: IL ZIP: 62301 BUSINESS PHONE: 2172288064 MAIL ADDRESS: STREET 1: 1201 BROADWAY CITY: QUINCY STATE: IL ZIP: 62301 SC 13G 1 OMB APPROVAL ------------ OMB Number: 3235-0145 Expires: October 31, 1997 Estimated average burden hours per response........14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ________)* Peekskill Financial Corporation - ------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $0.01 per share - ------------------------------------------------------------------- (Title of Class of Securities) 705 385 10 2 ------------------------------------ (CUSIP Number) Check the following box if a fee is being paid with this statement X. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEC 1745 (2-95) Page 1 of 8 Pages CUSIP NO. 705385102 13G Page 2 of 8 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Peeksville Financial Corporation Employee Stock Ownership Plan IRS I.D. No. - 37-1249810 - ------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) __ (b) X - ------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - ------------------------------------------------------------------ 5. SOLE VOTING POWER NUMBER OF 303,381** SHARES --------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 24,599* EACH --------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 327,980** --------------------------------------------------- 8. SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 327,980** - ------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* -- - ------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.86% - ------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON* EP - ------------------------------------------------------------------ ** See Item 4 Page 2 of 8 Pages CUSIP NO. 705385102 13G Page 3 of 8 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON First Bankers Trust Company, N.A. IRS I.D. No. 37-0622729 - ------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) __ (b) X - ------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------ 5. SOLE VOTING POWER NUMBER OF 303,381** SHARES --------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 24,599* EACH --------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 327,980** --------------------------------------------------- 8. SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENFICIALLY OWNED BY EACH REPORTING PERSON 327,980** - ------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* -- - ------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.86% - ------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON* BK - ------------------------------------------------------------------ ** See Item 4 Page 3 of 8 Pages Item 1(a) Name of Issuer: Peekskill Financial Corporation (the "Corporation") Item 1(b) Address of Issuer's Principal Executive Offices: 1019 Park Street Peekskill, NY 10566 Item 2(a) Name of Persons Filing: Peekskill Financial Corporation Employee Stock Ownership Plan (the "ESOP"). Pursuant to applicable regulations, First Bankers Trust Company, N.A. (the "Trustee"), the Trustee of the ESOP may also be deemed to be a "beneficial owner" of the shares held by the ESOP which have not been allocated to a specific participant account, as described below. Item 2(b) Address of Principal Business Office: The business address of the ESOP is: 1019 Park Street Peekskill, NY 10566 The business address of the Trustee of the ESOP is: Broadway at 12th Street Quincy, Illinois 62301-3566 Item 2(c) Citizenship: The ESOP trust was established under the laws of the State of Illinois. The Trustee is a national bank incorporated under the laws of the United States. Item 2(d) Title of Class of Securities: Common stock, par value $.01 per share. Item 2(e) CUSIP Number: 705 385 10 2 Item 3 This statement is filed pursuant to Rule 13d-1(b). The persons filing are an Employee Benefit Plan, which is subject to the Employee Retirement Income Security Act of 1974, as amended, and the Trustee thereof. Item 4 Ownership: The ESOP holds an aggregate of 327,980 shares (10.86% of the outstanding shares of the class) of the Corporation. Of the 327,980 shares held, the ESOP has sole voting power with respect to 303,381 of such shares and sole dispositive power with respect to 327,980 shares. The ESOP has shared voting power with the participants with respect to the 24,599 shares which have been allocated to the accounts of individual participants. Page 4 of 8 Pages First Bankers Trust Company, N.A., the Trustee of the ESOP, may be deemed under applicable regulations to "beneficially" own the shares held by the ESOP. However, the Trustee expressly disclaims beneficial ownership of the shares held by the ESOP. Other than the shares held by the ESOP, the Trustee does not beneficially own any shares of Corporation Common Stock. Pursuant to Section 8.2 of Article VIII of the ESOP, participants in the ESOP are entitled to instruct the Trustee of the ESOP as to the voting of the shares allocated to their accounts. The Trustee is required to vote the shares held by the ESOP which have not been allocated to specific accounts on each issue with respect to which shareholders are entitled to vote in the proportion that the participants had voted the shares allocated to their accounts with respect to such issue. As of the date hereof, 24,599 shares had been allocated to the accounts of individual participants. Item 5 Ownership of Five Percent or Less of a Class: Not Applicable. Item 6 Ownership of More Than Five Percent on Behalf of Another Person: The ESOP shares are held on behalf of the ESOP partici- pants pursuant to the terms of the Peekskill Financial Corporation Employee Stock Ownership Plan and Trust Agreement. Pursuant to Section 8.4 of Article VIII of the ESOP, dividends paid with respect to shares are allocated to participants' accounts in the ESOP as of the record date for the dividend payment and may be paid in cash to the participants, pursuant to the directions of the Board of Directors of the Corporation. Absent such direction by the Board of Directors, cash from the payment of divi- dends is retained in the accounts of participants or, to the extent permitted by law, may be used to repay the ESOP loan. The Trustee has the right to sell allocated shares held by the ESOP, the proceeds from which are allocated to the accounts of individual participants. The Trustee also may sell unallocated shares, to the extent such shares are not pledged to secure borrowed funds. With respect to unallocated shares, cash received from the sale of shares or payment of dividends is retained in the ESOP trust and may be used to purchase additional shares or to repay the ESOP loan. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable. Page 5 of 8 Pages Item 8 Identification and Classification of Members of the Group: Not Applicable. Item 9 Notice of Dissolution of Group: Not Applicable. Item 10 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Page 6 of 8 Pages Signature: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. PEEKSKILL FINANCIAL CORPORATION Date: February 17, 1998 EMPLOYEE STOCK OWNERSHIP PLAN By: /s/ Carmen Walch --------------------------------- First Bankers Trust Company, N.A., Trustee Name: Carmen Walch Title: Trust Officer Date: February 17, 1998 FIRST BANKERS TRUST COMPANY, N.A. By: /s/ Patricia Brink --------------------------------- Name: Patricia Brink Title: Cashier -----END PRIVACY-ENHANCED MESSAGE-----