<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
------
TOMPKINS COUNTY TRUSTCO, INC.
-----------------------------------
(Name of Issuer)
COMMON STOCK
-----------------------------------
(Title of Class of Securities)
890108103
-----------------------------------
(CUSIP Number)
Thomas F. Finley
BT Investment Partners, Inc.,
130 Liberty Street, New York, NY 10006, (212) 250-3094
-------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
OCTOBER 15, 1996
----------------------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*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 disclosure provided in a prior cover page.
The information required on 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).
Continued on following page(s)
Page 1 of 11 Pages
Exhibit Index: Page
<PAGE>
SCHEDULE 13D
CUSIP No. 890108103 Page 2 of 11 Pages
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BT Investment Partners, Inc.
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP* (b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) /X/
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF SHARES (7) SOLE VOTING
BENEFICIALLY OWNED POWER
BY EACH REPORTING 0
PERSON WITH --------------------------------------------------
(8) SHARED VOTING
POWER
0
--------------------------------------------------
(9) SOLE DISPOSITIVE
POWER
0
--------------------------------------------------
(10) SHARED DISPOSITIVE
POWER
0
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Page 3
TEM 1. SECURITY AND ISSUER.
This statement on Schedule 13D relates to shares of the common stock,
$.10 par value, of Tompkins County Trustco, Inc. (the "Issuer"). The address
of the principal executive offices of the Issuer is The Commons, Box 460,
Ithaca, N.J. 14851
ITEM 2. IDENTITY AND BACKGROUND.
ITEM 2(a) THROUGH (c) ITEM 2(f).
This Schedule is being filed by BT Investment Partners, Inc. ("BTIP"), a
Delaware corporation, which acquired all of the outstanding common stock of
RHP Incorporated ("RHP"), a New York corporation, on October 15, 1996. At
such time, RHP held 244,371 shares ("Shares") of the common stock of the
Issuer. On October 22, 1996, RHP sold all of the Shares to the Issuer.
BTIP is a wholly owned subsidiary of BT Holdings (New York), Inc., a
Delaware corporation ("Holdings"). The principal business of BTIP is
investment. The address of the principal business and principal office of
BTIP is 130 Liberty Street, New York, New York 10006.
Holdings is a wholly owned subsidiary of Bankers Trust New York
Corporation, a New York corporation ("BTNY"). The principal business of
Holdings is acting as a holding company. The principal business of BTNY is
acting as a bank holding company. The address of the principal business and
principal office of Holdings and BTNY is 130 Liberty Street, New York, New
York 10006.
The name, business address, and principal occupation or employment (and
name, principal business and address of any corporation or organization in
which such employment is conducted) of each director and executive officer of
BTIP and BTNY is set forth in Annex A attached hereto and incorporated into
this Item 2 by reference.
ITEMS 2(d) AND (e).
Except as disclosed in Annex B hereto, neither BTIP, BTNY, nor, to their
best knowledge or belief, any of the persons identified in Annex A have
during the past 5 years been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and
as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
In connection with the transactions described herein, BTIP did not
directly acquire any shares of the common stock of the Issuer, nor did RHP
acquire any additional shares of such
<PAGE>
Page 4
stock. Instead, BTIP acquired all of the outstanding shares of RHP, thereby
becoming for a period of one week a beneficial owner of the Shares.
ITEM 4. PURPOSE OF TRANSACTION.
BTIP acquired RHP for purposes of investment. Subsequent thereto, RHP
sold the Shares to the Issuer as a result of an existing purchase and sale
agreement executed by RHP prior to BTIP's acquisition of RHP.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As of the date hereof, neither BTIP nor BTNY, nor, to their best
knowledge or belief, any of the persons identified in Annex A, beneficially
own any shares of the common stock of the Issuer or had any transactions in
shares of the common stock of the Issuer within the last 60 days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
N\A.
<PAGE>
Page 5
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: October 23, 1996
BT INVESTMENT PARTNERS, INC.
By: /S/ THOMAS F. FINLEY
---------------------------
THOMAS F. FINLEY
VICE PRESIDENT
ATTENTION: Intentional misstatements or omissions of fact constitute Federal
criminal violations. (See 18 U.S.C. Section 1001).
<PAGE>
Page 6
ANNEX A
BANKERS TRUST NEW YORK CORPORATION
BANKERS TRUST COMPANY
The following sets forth the name, mailing address, and occupation
or principal business affiliation of each director and executive officer of
BTNY. Each of the executive officers and directors of BTNY is a citizen of
the United States of America, except for Messrs. Ferguson and Martin, who are
citizens of Australia, and Christian Marie Yves De Balmann, who is a citizen
of the both the United States of America and France.
<TABLE>
<CAPTION>
Name and Mail Address Occupation or Principal
Business Affiliation
- ------------------------------------------------------------------------------------
<S> <C>
George B. Beitzel Retired Senior Vice President and Director
29 King Street International Business Machines
Chappaqua, NY 10514-3432 Corporation
- ------------------------------------------------------------------------------------
Phillip A. Griffiths Chairman
Institute for Advanced Study Institute for Advanced Study
Olden Lane
Princeton, NJ 08540
- ------------------------------------------------------------------------------------
William R. Howell Chairman of the Board
J.C. Penney Company, Inc. J.C. Penney Company, Inc.
P.O. Box 10001
Dallas, TX 75301-0001
- ------------------------------------------------------------------------------------
Jon M. Huntsman Chairman and Chief Executive Officer
Huntsman Corporation Huntsman Chemical Corporation
500 Huntsman Way
Salt Lake City, UT 84108
- ------------------------------------------------------------------------------------
Vernon E. Jordan, Jr. Senior Partner
Akin, Gump, Strauss, Hauer & Akin, Gump, Strauss, Hauer & Feld, LLP
Feld, LLP
1333 New Hampshire Avenue, N.W.
Suite 400
Washington D.C. 20036
- ------------------------------------------------------------------------------------
Hamish Maxwell Retired Chairman and Chief
Philip Morris Companies, Inc. Executive Officer
100 Park Avenue Philip Morris Companies Inc.
New York, NY 10017
- ------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 7
<TABLE>
- -------------------------------------------------------------------------------------
<S> <C>
Frank N. Newman Chairman of the Board and Chief
Bankers Trust Company Executive Officer and President
130 Liberty Street Bankers Trust Company;
New York, NY 10006 Chairman of the Board and Chief
Executive Officer and President
Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
N.J. Nicholas Jr. Investor
15 West 53rd Street, #34F
New York, NY 10019
- ------------------------------------------------------------------------------------
Russell E. Palmer Chairman and Chief Executive Officer
The Palmer Group The Palmer Group
3600 Market Street
Suite 530
Philadelphia, PA 19104
- ------------------------------------------------------------------------------------
Donald L. Staheli Chairman and Chief Executive Officer
Continental Grain Company United States Continental
277 Park Avenue Grain Company
50th Floor
New York, NY 10172
- ------------------------------------------------------------------------------------
Patricia Carry Stewart Former Vice President
Bankers Trust Company The Edna McConnell Clark
c/o Office of the Secretary Foundation
130 Liberty Street
New York, NY 10006
- ------------------------------------------------------------------------------------
George J. Vojta Vice Chairman
Bankers Trust Company Bankers Trust Company and
130 Liberty Street Bankers Trust New York Corporation
New York, NY 10006
- ------------------------------------------------------------------------------------
Paul Volcker Former Chairman,
599 Lexington Avenue Wolfensohn & Co., Inc.
New York, NY 10022
- ------------------------------------------------------------------------------------
EXECUTIVE OFFICERS
- ------------------------------------------------------------------------------------
Geoffrey M. Fletcher Managing Director and Principal
Bankers Trust Company Accounting Officer
130 Liberty Street Bankers Trust Company;
New York, NY 10006 Senior Vice President and Principal
Accounting Officer
Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 8
<TABLE>
- ------------------------------------------------------------------------------------
<S> <C>
Joseph A. Manganello, Jr. Managing Director and Chief Credit Officer
Bankers Trust Company Bankers Trust Company;
130 Liberty Street Executive Vice President and Chief
New York, NY 10006 Credit Officer
Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
Richard H. Daniel Managing Director, Chief Financial
Bankers Trust Company Officer and Controller
130 Liberty Street Bankers Trust Company;
New York, NY 10006 Executive Vice President, Chief
Financial Officer and Controller
Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
Melvin A. Yellin Managing Director and General
Bankers Trust Company Counsel
130 Liberty Street Bankers Trust Company;
New York, NY 10006 Executive Vice President and
General Counsel
Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
Mark Bieler Managing Director
Bankers Trust Company Bankers Trust Company;
130 Liberty Street Executive Vice President
New York, NY 10006 Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
Christian Marie Yves De Balmann Chairman
Bankers Trust Company Bankers Trust International PLC; Managing Director
1 Appold Street Bankers Trust Company;
Broadgate, 4th Floor Senior Vice President
London, EC2A 2HE Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
R. Kelly Doherty Managing Director
130 Liberty Street Bankers Trust Company;
New York, NY 10006 Senior Vice President
Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
Robert A. Ferguson Executive Vice President
Bankers Trust Australia Limited Bankers Trust Australia Limited; Managing Director
Level 15, The Chifley Tower Bankers Trust Company;
2 Chifley Square Senior Vice President
Sydney, N.S.W. 2000 Bankers Trust New York Corporation
Australia
- ------------------------------------------------------------------------------------
Alexander P. Frick Managing Director
130 Liberty Street Bankers Trust Company;
New York, NY 10006 Senior Vice President
Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 9
<TABLE>
- ------------------------------------------------------------------------------------
<S> <C>
B.J. Kingdon Managing Director
130 Liberty Street Bankers Trust Company;
New York, NY 10006 Senior Vice President
Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
Ian Martin Executive Vice President
Bankers Trust Australia Limited Bankers Trust Australia Limited;
Level 15, The Chifley Tower Senior Vice President
2 Chifley Square Bankers Trust New York Corporation
Sydney, N.S.W. 2000
Australia
- ------------------------------------------------------------------------------------
Rodney A. McLauchlan Managing Director
BT Securities Corporation BT Securities Corporation;
130 Liberty Street Senior Vice President
New York, NY 10006 Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
Timothy S. Rattray Managing Director
Bankers Trust Company Bankers Trust Company
Two Pacific Place Senior Vice President
36th Floor Bankers Trust New York Corporation
88 Queensway
Hong Kong
- ------------------------------------------------------------------------------------
J. Edward Virtue Managing Director
BT Securities Corporation BT Securities Corporation
130 Liberty Street Senior Vice President
New York, NY 10006 Bankers Trust New York Corporation
- ------------------------------------------------------------------------------------
Frank N. Newman Chairman of the Board, Chief Executive Officer and
Bankers Trust Company President, Bankers Trust Company; Chairman of the
130 Liberty Street Board, Chief Executive Officer and President, Bankers
New York, NY 10006 Trust New York Corporation
- ------------------------------------------------------------------------------------
George Vojta Vice Chairman
Bankers Trust Company Bankers Trust Company and
130 Liberty Street Bankers Trust New York Corporation
New York, NY 10006
- ------------------------------------------------------------------------------------
David Marshall Executive Vice President and
Bankers Trust New York Corporation Chief Information Officer,
130 Liberty Street Bankers Trust New York Corporation; Senior
New York, NY 10006 Managing Director and
Chief Information Officer,
Bankers Trust Company
- ------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 10
BT INVESTMENT PARTNERS, INC.
The following sets forth the name, mailing address, and occupation or
principal business affiliation of each director and executive officer of
BTIP. Each of the executive officers and directors of BTIP is a citizen of
the United States of America.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------
Name and Mail Address Occupation or Principal
Business Affiliation
- ------------------------------------------------------------------------------------
<S> <C>
Douglas B. Brent Senior Managing Director, BT Securities Corporation;
BT Securities Corporation Managing Director, Bankers Trust Company; Senior
130 Liberty Street Vice President, Bankers Trust New York Corporation
New York, NY 10006
- ------------------------------------------------------------------------------------
Joseph A. Manganello, Jr. Managing Director and Chief Credit Officer, Bankers
Bankers Trust Company Trust Company; Executive Vice President and Chief
130 Liberty Street Credit Officer, Bankers Trust New York Corporation
New York, NY 10006
- ------------------------------------------------------------------------------------
Joseph T. Wood Senior Managing Director, BT Securities Corporation;
BT Securities Corporation Senior Managing Director, BT Investment Partners,
130 Liberty Street Inc.; Senior Vice President, Bankers Trust New York
New York, NY 10006 Corporation
- ------------------------------------------------------------------------------------
EXECUTIVE OFFICERS
- ------------------------------------------------------------------------------------
Douglas B. Brent Senior Managing Director, BT Securities Corporation;
BT Securities Corporation Managing Director, Bankers Trust Company; Senior
130 Liberty Street Vice President, Bankers Trust New York Corporation;
New York, NY 10006 President and Senior Managing Director, BT
Investment Partners, Inc.
- ------------------------------------------------------------------------------------
Joseph T. Wood Senior Managing Director, BT Securities Corporation;
BT Securities Corporation Senior Managing Director, BT Investment Partners,
130 Liberty Street Inc.; Senior Vice President, Bankers Trust New York
New York, NY 10006 Corporation
- ------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 11
ANNEX B
BTNY, Bankers Trust Company and BT Securities Corporation (the latter two
of which are subsidiaries of BTNY) are subject to a Written Agreement, dated
December 4, 1994 (the "Written Agreement"), with the Federal Reserve Bank of
New York and a Memorandum of Understanding, dated December 21, 1994 (the
"Memorandum"), with the New York State Banking Department. The Written
Agreement and Memorandum are described in BTNY's Forms 8-K, dated December 4,
1994 and January 19, 1994, respectively. These Forms 8-K are hereby
incorporated by reference into this Annex B. See also BTNY's Form 8-K dated
December 22, 1994, concerning an order of the SEC and CFTC relating to BT
Securities Corporation.
