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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
UNIONBANCORP, INC.
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(Name of Issuer)
Common Stock, $1.00 Par Value
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(Title of Class of Securities)
908908-106
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(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 (2/92) 1 of 6
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CUSIP NO. 908908-106 13G PAGE 2 OF 7 PAGES
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
UnionBank, Streator, Illinois
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois state bank
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5 SOLE VOTING POWER
9,000
NUMBER OF ------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 442,467
REPORTING ------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
9,000
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8 SHARED DISPOSITIVE POWER
None
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
540,225
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.1%
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12 TYPE OF REPORTING PERSON*
BK
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*SEE INSTRUCTION BEFORE FILLING OUT!
STATEMENT CONTAINING INFORMATION REQUIRED BY SCHEDULE 13G
This schedule 13G is being filed as a result of the Issuer's Common
Stock being registered on Form 8-A with the Securities and Exchange
Commission on September 30, 1996 (SEC File No. 1-12113) in connection
with the Issuer's initial public offering.
ITEM 1.
(a) NAME OF ISSUER
UnionBancorp, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
122 West Madison Street
Ottawa, Illinois 61350
ITEM 2.
(a) NAME OF PERSON FILING
UnionBank
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE
201 E. Main Street
Streator, Illinois 61364
(c) CITIZENSHIP
An Illinois state bank
(d) TITLE OF CLASS OF SECURITIES
Common Stock, $1.00 par value
(e) CUSIP NUMBER
908908-106
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 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.
[x] (b) BANK, AS DEFINED IN SECTION 3(a)19 OF THE ACT.
[ ] (c) INSURANCE COMPANY AS DEFINED IN SECTION 3(a)(19) OF THE ACT.
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[ ] (d) INVESTMENT COMPANY REGISTERED UNDER SECTION 8 OF THE
INVESTMENT COMPANY ACT.
[ ] (e) INVESTMENT ADVISOR REGISTERED UNDER SECTION 203 OF THE
INVESTMENT ADVISERS ACT OF 1940.
[ ] (f) EMPLOYEE BENEFIT PLAN, PENSION FUND WHICH IS SUBJECT TO
THE PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
OF 1974 OR ENDOWMENT FUND; SEE SECTION 240.13d-1(b)(1)(II)(F).
[ ] (g) PARENT HOLDING COMPANY, IN ACCORDANCE WITH SECTION
240.13d-1(b)(ii)(G).
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b)(2), CHECK
THIS BOX [ ]
ITEM 4. OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED
540,225(1)
(b) PERCENT OF CLASS
13.1%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE
9,000
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE
442,467
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
9,000
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF
None
INSTRUCTION: FOR COMPUTATIONS REGARDING SECURITIES WHICH RESPECT A RIGHT TO
ACQUIRE AN UNDERLYING SECURITY SEE RULE 13d-3(d)(1).
________________________
1 The amount of securities reported as beneficially owned consists of 540,225
shares of the Issuer's common stock for which the Reporting Person
serves as sole or co-fiduciary with respect to trust and other
accounts. The Reporting Person disclaims beneficial ownership of all
such shares and this report shall not be construed as an admission of
beneficial ownership for the purposes of Section 13 or any other purpose.
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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 amount of securities reported as beneficially owned
consists of shares of the Issuer's common stock for which the
Reporting Person serves as sole or co-fiduciary with respect to
trusts and other accounts. The Reporting Person is not aware of any
person or group of persons who own more than five percent of the
Issuer's common stock and for whom the Reporting Person serves as sole
or co-fiduciary, except that the Reporting Person is trustee over the
Company's Employee Stock Ownership Plan ("ESOP"), and in such capacity
exercises sole investment and voting control over 8,451 shares of the
Issuer's common stock held by the ESOP not yet allocated to
individuals' accounts, and exercises shared voting and no investment
power over 442,467 shares which are allocated to individuals'
accounts.
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
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 purpose or effect.
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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.
October 7, 1996
Date
UnionBank, Streator, Illinois, an
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Illinois state bank
By: /s/ R. Scott Grigsby
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R. Scott Grigsby, its Chief Executive Officer
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