TYPE: 3
SEQUENCE 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Mortgage Investment Trust Corporation
5200 West 94th Terrace
Prairie Village, KS 66207
2. Date of Event Requiring Statement (Month/Day/Year)
8/31/98
3. I.R.S. Identification Number of Reporting Person (Voluntary)
48-1101989
4. Issuer Name and Ticker or Trading Symbol
IFB Holdings, Inc. (IFBH)
5. Relationship of Reporting Person to Issuer (Check all applicable)
[ ] Director [X] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Month/Day/Year)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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Table I Non-Derivative Securities Beneficially Owned
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1) Title of Security 2) Amount of 3) D 4) Nature of
Securities or Ownership
Beneficially I Direct (D) or
Owned Indirect (I)
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Common Stock 58,600 shares D Direct
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Table II Derivative Securities Beneficially Owned
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None
Explanation of Responses
1. Reporting Person acquired the subject shares in open market purchases
from 1/9/97 to 2/4/98 which represented less than 10% of the total
outstanding shares of 592,523 as of 2/4/98.
2. Issuer repurchased 118,125 shares in open market transactions from
8/26/98 to 8/31/98 which reduced the total outstanding shares to
474,398 as of 8/31/98.
3. Repurchases by Issuer resulted in an increase of the percentage
ownership by the Reporting Person to more than 10% of the total
outstanding shares which event precipitated this filing.
Signature of Reporting Person
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Mortgage Investment Trust Corporation
by: Lindsay Olsen, President
October 30, 1998
