SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ALGIERS BANCORP, INC.
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
015600 10 9
(CUSIP Number)
Page 1 of 5 Pages
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CUSIP NO. 015600 10 9 Page 2 of 5 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALGIERS BANCORP, INC. Employee Stock Ownership Plan 72--1317594
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Louisiana
5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
51,842
6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER
0 (no shares have been allocated as of February 12, 1997.
The allocation as of December 31, 1996 will be made on or
after March 1, 1997)
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER
51,842
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
51,842
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
12. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 015600 10 9 Page 3 of 5 Pages
ITEM 1(A) NAME OF ISSUER:
Algiers Bancorp, Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
# 1 Westbank Expressway
New Orleans, Louisiana 70114
ITEM 2(A) NAME OF PERSON FILING:
Algiers Bancorp, Inc. Employee Stock Ownership Plan.
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Algiers Bancorp, Inc.
# 1 Westbank Expressway
New Orleans, Louisiana 70114
ITEM 2(C) CITIZENSHIP:
Louisiana
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
ITEM 2(E) CUSIP NUMBER:
015600 10 9
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
(f) [x] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974.
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 51,842
(b) Percent of class: 8.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 51,842
(ii) Shared power to vote or to direct the vote 0
(iii)Sole power to dispose or to direct the disposition of 51,842
(iv) Shared power to dispose or to direct the disposition of 0
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CUSIP NO. 015600 10 9 Page 4 of 5 Pages
The Algiers Bancorp, Inc. Employee Stock Ownership Plan Trust
("Trust") was established pursuant to the Algiers Bancorp, Inc.
Employee Stock Ownership Plan ("ESOP"). Under the terms of the
ESOP, the Trustees must vote the allocated shares held in the
ESOP in accordance with the instructions of the participating
employees. Unallocated shares held in the ESOP will be voted
by the ESOP Trustees in the same proportion for and against
proposals to stockholders as the ESOP participants and
beneficiaries actually vote shares of Common Stock allocated
to their individual accounts. Any allocated shares which either
abstain on the proposal or are not voted will be disregarded in
determining the percentage of stock voted for and against each
proposal by the participants and beneficiaries. As of the date
of the filing, the number of shares to be allocated as of December
31, 1996 had not been determined. As a result, as of the date
hereof no shares have been allocated to participants' accounts
and 51,842 shares are unallocated.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable since the reporting entity owns more than 5% of
the class.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Participants in the ESOP are entitled to receive dividends on,
and the proceeds from, the sale of the shares allocated to
their accounts. The ESOP does not own more than 5% on behalf
of another person.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable since the reporting entity is not a member of a
group.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable since the reporting entity is not a member of a
group.
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CUSIP NO. 015600 10 9 Page 5 of 5 Pages
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.
ALGIERS BANCORP, INC.
EMPLOYEE STOCK OWNERSHIP PLAN TRUST
February 12, 1997 By: /s/ Hugh E. Humphrey, III
-------------------------
Hugh E. Humphrey, III, Trustee
February 12, 1997 By: /s/ Thu Dang
------------
Thu Dang, Trustee
February 12, 1997 By: /s/ Dennis J. McCleur
---------------------
Dennis J. McCluer, Trustee
