<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
FirstBank Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
337624106
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(CUSIP Number)
March 18, 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)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
(Continued on following page(s))
Page 1 of 9 Pages
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CUSIP NO. 337624106 13G PAGE 2 Of 9 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Acadia Fund I, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
126,985*
NUMBER OF 6 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 126,985*
WITH
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
126,985
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.40%
12 TYPE OF REPORTING PERSON
PN
* These are the same shares reported by Acadia Fund I, L.L.C. over which it
as general partner exercises voting and dispositive power.
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CUSIP NO. 337624106 13G PAGE 3 Of 9 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Acadia Fund I, L.L.C.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
126,985*
NUMBER OF 6 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 126,985*
WITH
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
126,985
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.40%
12 TYPE OF REPORTING PERSON
OO
* These are the same shares reported by Acadia Fund I, L.P. as subject to
its sole voting and dispositive power.
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CUSIP NO. 337624106 13G PAGE 4 Of 9 PAGES
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Miller & Jacobs Capital, L.L.C.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
30,829
NUMBER OF 6 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 168,500
WITH
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
168,500
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.49%
12 TYPE OF REPORTING PERSON
OO
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------------------------
SCHEDULE 13G UNDER THE SECURITIES
EXCHANGE ACT OF 1934
---------------------------------
Item 1. (a). Name of Issuer: FirstBank Corporation
(b). Address of Issuer's Principal Executive Offices:
920 Main Street
Lewiston, ID 83501
Item 2. (a). Name of Person Filing:
This Schedule 13G is being jointly filed by each of the
following persons pursuant to Rule 13d-1(k)(1) promulgated
by the Securities and Exchange Commission pursuant to
Section 13 of the Securities Exchange Act of 1934, as
amended (the "Act"): Acadia Fund I, L.P. (the "Limited
Partnership"), Acadia Fund I, L.L.C. (the "General Partner")
and Miller & Jacobs Capital, L.L.C. (who are collectively
referred to herein as the "Filing Persons"). The Limited
Partnership is a Delaware limited partnership formed for the
purpose of investing in, among other things, the equity
securities of various financial services providers. Acadia
Fund I, L.L.C., a Delaware limited liability company, is the
general partner of the Limited Partnership. The investment
manager for the Limited Partnership, as well as for a second
limited partnership which has invested in the issuer, is
Miller & Jacobs Capital, L.L.C., a Delaware limited
liability company. Miller & Jacobs Capital, L.L.C. is
responsible for the investment decisions for the Limited
Partnership, as well as for a second limited partnership
which has invested in the issuer. Miller & Jacobs Capital,
L.L.C. also holds investment advisory accounts over which it
exercises voting or dispositive power. The members of
Acadia Fund I, L.L.C. and Miller & Jacobs Capital, L.L.C.
are Jeffrey A. Miller and Eric D. Jacobs, each of whom has
management authority for the aforementioned entities. The
Filing Persons have entered into a Joint Filing Agreement,
dated March 26, 1998, a copy of which is filed with this
Schedule 13G as Exhibit A, pursuant to which the Filing
Persons have agreed to file this statement jointly in
accordance with the provisions of Rule 13d-1(k)(1) under the
Act. The Filing Persons expressly disclaim that they have
agreed to act as a group.
Page 5 of 9 Pages
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Item 2. (b). Address of Principal Business Office:
The Filing Persons all maintain the same principal
business office at
237 Park Avenue, Suite 801
New York, New York 10017
(c). Citizenship: Delaware
(d). Title of Class of Securities: Common Stock, no stated par
value
(e). CUSIP Number: 337624106
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o)
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c)
(c) [ ] Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c)
(d) [ ] Investment company registered under section 8 of
the Investment Company Act (15 U.S.C. 80a-8)
(e) [ ] An investment advisor in accordance with
Section 240.13d-1(b)(1)(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(ii)(F)
(g) [ ] A parent holding company or control person in
accordance with Section 240.13d-1(b)(ii)(G)
(h) [ ] A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C.
1813);
(i) [ ] A church plan that is excluded from the
definition of an investment company under section
3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3)
(j) [ ] Group, in accordance with Section
240.13d-1(b)(ii)(J)
If this statement is filed pursuant to Section 240.13d-1(c), check
this box [x].
Item 4. Ownership.
(a). Amount Beneficially Owned
126,985 shares may be deemed beneficially owned within the
meaning of Rule 13d-3 of the Act by each of Acadia Fund I,
L.P. and Acadia Fund I, L.L.C. In connection with
investment advisory accounts over which Miller & Jacobs
Capital, L.L.C. exercises investment authority, 30,829
shares may be deemed beneficially owned within the meaning
of Rule 13d-3 of the Act by Miller & Jacobs Capital,
L.L.C. In its capacity as investment manager to Acadia
Fund I, L.P. and a second limited partnership which has
invested in the issuer, 137,781 shares may be deemed
beneficially owned within the meaning of Rule 13d-3 of the
Act by Miller & Jacobs Capital, L.L.C.
(b). Percent of Class:
8.49%
Page 6 of 9 Pages
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Item 4 (c). Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
by Miller & Jacobs Capital, L.L.C. 30,829
by Acadia Fund I, L.L.C. 126,985
(ii) shared power to vote or to direct the
vote 0
(iii) sole power to dispose or to direct the
disposition of
by Miller & Jacobs Capital, L.L.C. 168,500
(iv) shared power to dispose or to direct the
disposition of 0
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:
Not Applicable
Item 7. Identification and Classification of Subsidiaries 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
Page 7 of 9 Pages
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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 that 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.
ACADIA FUND I, L.P.
By its General Partner
ACADIA FUND I, L.L.C.
Dated: March 26, 1998 By: /s/ JEFFREY A. MILLER
----------------------------------
Name: Jeffrey A. Miller
Title: Managing Member
ACADIA FUND I, L.L.C.
Dated: March 26, 1998 By: /s/ JEFFREY A. MILLER
----------------------------------
Name: Jeffrey A. Miller
Title: Managing Member
MILLER & JACOBS CAPITAL, L.L.C.
Dated: March 26, 1998 By: /s/ JEFFREY A. MILLER
----------------------------------
Name: Jeffrey A. Miller
Title: Managing Member
Page 8 of 9 Pages
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Exhibit A
---------
AGREEMENT REGARDING THE JOINT FILING OF
SCHEDULE 13G
---------------------
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G
to which this Exhibit is attached, and such Schedule 13G is filed on behalf
of each of them; and
(ii) Each of them is responsible for the timely filing of such
Schedule 13G and any amendments thereto, and for the completeness and
accuracy of the information concerning such person contained therein; but
none of them is responsible for the completeness or accuracy of the
information concerning the other persons making the filing, unless such
person knows or has reason to believe that such information is inaccurate.
Date: March 26, 1998
ACADIA FUND I, L.P.
By its General Partner
ACADIA FUND I, L.L.C.
By: /s/ JEFFREY A. MILLER
----------------------------------
Name: Jeffrey A. Miller
Title: Managing Member
ACADIA FUND I, L.L.C.
By: /s/ JEFFREY A. MILLER
----------------------------------
Name: Jeffrey A. Miller
Title: Managing Member
MILLER & JACOBS CAPITAL, L.L.C.
By: /s/ JEFFREY A. MILLER
----------------------------------
Name: Jeffrey A. Miller
Title: Managing Member
Page 9 of 9 Pages
