SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1){1}
First International Bancorp, Inc.
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(Name of Issuer)
Common Stock, par value $.10 per share
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(Title of Class of Securities)
32054Q 10
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
**FOOTNOTES**
{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>
CUSIP No. 32054Q 10 13G Page 2 of 7 Pages
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Arnold L. Chase
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
NUMBER OF 5 SOLE VOTING POWER
SHARES 949,047 shares
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 111,809 shares (see Item 4)
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 949,047 shares
WITH 8 SHARED DISPOSITIVE POWER
111,809 shares (see Item 4)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,060,856 shares (see Item 4)
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* /X/
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.3%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer:
First International Bancorp, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
One Commercial Plaza
Hartford, Connecticut 06103
Item 2(a). Name of Person Filing:
Arnold L. Chase (the "reporting person")
Item 2(b). Address of Principal Business Office or, if None, Residence:
Chase Enterprises, Inc.
One Commercial Plaza
Hartford, Connecticut 06103
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
common stock, par value $.10 per share ("Common Stock")
Item 2(e). CUSIP Number:
32054Q 10
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
Not applicable
Item 4. Ownership*.
(a) Amount Beneficially Owned: 1,060,856 shares
(b) Percent of Class: 13.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 949,047
(ii) shared power to vote or to direct the vote: 111,809
(iii)sole power to dispose or to direct the disposition of: 949,047
(iv) shared power to dispose or to direct the disposition of:
111,809
* The reporting person beneficially owns 1,060,856 shares of Common
Stock, or 13.3% of the shares of Common Stock outstanding as of
October 29, 1998, of which (i) 55,227 shares, or 0.7% of the
Common Stock outstanding as of October 29, 1998, are held as
joint trustee with Stanley N. Bergman for the Arnold Chase
Accumulation Trust I, a trust of which the reporting person and
the children of the reporting person are the beneficiaries, (ii)
55,227 shares, or 0.7% of the Common Stock outstanding as of
October 29, 1998, are held as joint trustee with Stanley N.
Bergman for the Arnold Chase Accumulation Trust II, a trust of
which the reporting person and the children of the reporting
person are the beneficiaries, and (iii) 1,355 are held by the
reporting person and his wife as joint tenants.
This Schedule does not relate to, and, in accordance with Rule
13d-4 under the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), the reporting person expressly declares that the
filing of this Schedule shall not be construed as an admission
that he is, for purposes of Sections 13(d) or 13(g) of the
Exchange Act, the beneficial owner of, any of (i) 815,641 shares
of Common Stock, or 10.3% of the shares of Common Stock
outstanding, owned as of December 31, 1998, by Cheryl A. Chase,
the sister of the reporting person, (ii) 138,169 shares of Common
Stock, or 1.7% of the shares of Common Stock outstanding, owned
as of December 31, 1998, by David T. Chase, the father of the
reporting person and Cheryl A. Chase, (iii) 1,460,000 shares of
Common Stock, or 18.4% of the shares of Common Stock outstanding,
owned as of December 31, 1998, by Rhoda L. Chase, the mother of
the reporting person and Cheryl A. Chase and the spouse of David
T. Chase, (iv) 55,227 shares of Common Stock, or 0.7% of the
shares of Common Stock outstanding, owned as of December 31,
1998, by Cheryl A. Chase Accumulation Trust I, a trust of which
Cheryl A. Chase and Stanley N. Bergman are the trustees and
Cheryl A. Chase and her children are the beneficiaries, (v)
55,227 shares of Common Stock, or 0.7% of the shares of Common
Stock outstanding, owned as of December 31, 1998, by Cheryl A.
Chase Accumulation Trust II, a trust of which Cheryl A. Chase and
Stanley N. Bergman are the trustees and Cheryl A. Chase and her
children are the beneficiaries, (vi) 32,039 shares of Common
Stock, or 0.4% of the shares of Common Stock outstanding, owned
as of December 31, 1998, by Cheryl A. Chase Marital Trust, a
trust of which Cheryl A Chase and Kenneth N. Musen are the
trustees and Cheryl A. Chase and her children, are the
beneficiaries (vii) 112,522 shares of Common Stock, or 1.4% of
the shares of Common Stock outstanding, owned as of December 31,
1998, by The Darland Trust, a trust of which Rothschild Trust
Cayman Limited is trustee and Cheryl A. Chase and her children
are the beneficiaries, or (viii) 35,000 shares of Common Stock,
or 0.4% of the shares of Common Stock outstanding, owned as of
December 31, 1998, by DTC Holdings Corporation ("DTCHC"), a
company which is owned and controlled by the Chase family as
described below.
DTCHC, formerly known as American Ranger, Inc., is a wholly-owned
subsidiary of D.T. Chase Enterprises, Inc. ("DTCE"), a holding
company for various Chase family interests. David T. Chase, the
reporting person and Cheryl A. Chase are the directors and
executive officers of DTCHC and the directors and three of the
executive officers of DTCE. All of the outstanding stock of DTCE
is owned by David T. Chase (33.95%), Rhoda L. Chase (2.21%), the
reporting person (9.34%), Cheryl A. Chase (14.74%), Arnold Chase
Accumulation Trust I (5.07%), Arnold Chase Accumulation Trust II
(7.54%), five trusts for the benefit of the reporting person's
children, of which Stanley N. Bergman and the reporting person
are co-trustees (7.55% in the aggregate), Cheryl A. Chase
Accumulation Trust I (4.79%), Cheryl A. Chase Accumulation Trust
II (7.27%) and five trusts for the benefit of Cheryl A. Chase's
children, of which Stanley N. Bergman and Cheryl A. Chase are co-
trustees (7.55% in the aggregate).
The reporting person has not agreed to act together with any of
the foregoing persons or with any other person or entity for the
purpose of acquiring, holding, voting or disposing of shares of
Common Stock and the reporting person disclaims membership in any
"group" with respect to the Common Stock for purposes of Section
13(d)(3) of the Exchange Act and Rule 13d-5(b)(1) thereunder.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ]
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Sandra M. Chase, the reporting person's spouse, and the reporting
person share the right to receive and the power to direct the
receipt of dividends from, and the proceeds of the sale of, 1,355
of the shares of Common Stock owned by the reporting person. The
reporting person shares the power to direct the receipt of
dividends from, and the proceeds of the sale of, the (i) 55,227
shares of Common Stock owned by the Arnold Chase Accumulation Trust
I with Stanley N. Bergman and such trust, and (ii) 55,227 shares of
Common Stock owned by the Arnold Chase Accumulation Trust II with
Stanley N. Bergman and such trust.
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.
Not Applicable
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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.
Dated: January 27, 1999 /s/ Arnold L. Chase
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Arnold L. Chase
