PRESTIGE BANCORP INC
SC 13G, 1998-04-01
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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<PAGE>   1





                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                       

                                 SCHEDULE 13G
                                       
                                       
                                       
           INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                            (AMENDMENT NO.      )(1)
                                            
                                       
                                       
                             PRESTIGE BANCORP, INC.
                   -----------------------------------------
                               (Name of Issuer)
                                       
                                       
                                       
                                       
                                  Common Stock
                   -----------------------------------------
                        (Title of Class of Securities)
                                       
                                       
                                       
                                       
                                   741115109
                   -----------------------------------------
                                (CUSIP Number)
                                       
                                 -------------

     CHECK THE FOLLOWING BOX IF A FEE IS BEING PAID WITH THIS STATEMENT  / /. 
(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.)






- ----------------
     (1)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 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).
<PAGE>   2


CUSIP No.  741115109               SCHEDULE 13G      Page   1    of   5    Pages
         ---------------------                           --------  -------- 

  (1)     Names of Reporting Persons                 
               Prestige Bancorp., Inc. Employee Stock Ownership Plan & Trust
          ---------------------------------------------------------------------
          S.S. or I.R.S. Identification Nos. of Above Persons                
               25-1785128
          ---------------------------------------------------------------------

  (2)     Check the Appropriate Box if a Member of a Group*         (a)   [   ]
               N/A                                                  (b)   [   ] 

  (3)     SEC Use Only

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

  (4)     Citizenship or Place of Organization                      
               United States of America
          ---------------------------------------------------------------------

                       (5)     Sole Voting Power                    
  Number of        
   Shares              --------------------------------------------------------
 Beneficially          (6)     Shared Voting Power                  
  Owned by                                                  77,041
    Each               --------------------------------------------------------
  Reporting            (7)     Sole Dispositive Power               
 Person With                                                     0
                       --------------------------------------------------------
                       (8)     Shared Dispositive Power             
                                                                 0
                       --------------------------------------------------------

  (9)     Aggregate Amount Beneficially Owned by Each Reporting Person         
               77,041
          ---------------------------------------------------------------------

 (10)     Check if Aggregate Amount in Row 9 Excludes Certain
          Shares*                                                         [   ]
               N/A
 (11)     Percent of Class Represented by Amount in Row 9           
               8.4%(2)
          ---------------------------------------------------------------------

 (12)     Type of Reporting Person*
               EP
          ---------------------------------------------------------------------
                    *SEE INSTRUCTIONS BEFORE FILLING OUT!

- ----------------
(2) Change in percentage due to common stock buyback plan initiated by the
Issuer and not due to additional purchases by the ESOP.


<PAGE>   3
CUSIP No.  741115109               SCHEDULE 13G      Page   2    of   4    Pages
         ---------------------                           --------  -------- 


ITEM 1(a)  NAME OF ISSUER:
                    Prestige Bancorp, Inc.
          ---------------------------------------------------------------------

ITEM 1(b)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                    710 Old Clairton Road, Pleasant Hills, PA  15236
          ---------------------------------------------------------------------

ITEM 2(a)  NAME OF PERSON FILING:
                    Prestige Bancorp, Inc. Employee Stock Ownership Plan & Trust
          ---------------------------------------------------------------------

ITEM 2(b)  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
                    710 Old Clairton Road, Pleasant Hills, PA  15236
          ---------------------------------------------------------------------

ITEM 2(c)  CITIZENSHIP:
                    United States of America
          ---------------------------------------------------------------------

ITEM 2(d)  TITLE OF CLASS OF SECURITIES:
                    Common Stock
          ---------------------------------------------------------------------

ITEM 2(e)  CUSIP NUMBER:
                    741115109
          ---------------------------------------------------------------------

ITEM 3.    IF THIS STATEMENT IS FILE PURSUANT TO RULES 13D-1(B), OR 13D-2(B), 
           CHECK WHETHER THE PERSON FILING IS A:

           (a)    / /    Broker or dealer registered under Section 15 of the 
                         Act,

           (b)    / /    Bank as defined in Section 3(a)(6) of the Act,

           (c)    / /    Insurance Company as defined in Section 3(a)(19) 
                         of the Act,

           (d)    / /    Investment Company registered under Section 8 of 
                         the Investment Company Act,

<PAGE>   4
CUSIP No.  741115109               SCHEDULE 13G      Page   3    of   4    Pages
         ---------------------                           --------  -------- 

           (e)    / /    Investment Adviser registered under Section 203 of 
                         the Investment Advisers Act of 1940,

           (f)    /X/    Employee Benefit Plan, Pension Fund which is 
                         subject to the provisions of the Employee Retirement  
                         Income Security Act of 1974 or Endowment Fund: 
                         see 13d-1(b)(1)(ii)(F),

           (g)    / /    Parent Holding Company, in accordance with Rule 
                         13d-1(b)(ii)(G); see Item 7,

           (h)    / /    Group, in accordance with Rule 13d-1(b)(1)(ii)(H).


ITEM 4.    OWNERSHIP.

           (a)    Amount beneficially owned:
                           77,041
          ---------------------------------------------------------------------

           (b)    Percent of class:
                           8.4%
          ---------------------------------------------------------------------

           (c)    Number of shares as to which such person has:

                  (i)    Sole power to vote or to direct the vote

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

                  (ii)   Shared power to vote or to direct the vote
                              77,041(3)                            
          ---------------------------------------------------------------------

                  (iii)  Sole power to dispose or to direct the disposition of

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

                  (iv)   Shared power to dispose or to direct the disposition of

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

- ---------- 
(3) Shares held in the ESOP are either allocated to a participant of the ESOP or
held in a suspense account. Allocated shares are voted in accordance with the
instructions of the participant to which such shares have been allocated. With
respect to allocated shares as to which the trustee receives no such
instructions, or to unallocated shares held in the suspense account, the trustee
shall vote such shares on issues presented to the shareholders in accordance
with the same percentage votes of participants that vote the allocated shares.

<PAGE>   5
CUSIP No.  741115109               SCHEDULE 13G      Page   4    of   4    Pages
         ---------------------                           --------  -------- 



ITEM 5.    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
                           N/A

ITEM 6.    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
                           N/A

ITEM 7.    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED 
           THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
                           N/A

ITEM 8.    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
                           N/A

ITEM 9.    NOTICE OF DISSOLUTION OF GROUP:
                           N/A

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 purpose or
           effect.


                                    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.



                             ---------------------------------------------------
                                                   (DATE)


                             ---------------------------------------------------
                                                 (SIGNATURE)


                             ROBERT S. ZYLA, TRUSTEE FOR PRESTIGE BANCORP., INC.
                             EMPLOYEE STOCK OWNERSHIP PLAN & TRUST
                             ---------------------------------------------------
                                                 (NAME/TITLE)




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