<PAGE>
1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
FirstBank Corporation
------------------------------------------------------
(Name of Issuer)
Common Stock
------------------------------------------------------
(Title of Class of Securities)
337624106
------------------------------------------------------
(CUSIP Number)
December 31, 1998
------------------------------------------------------
(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 8 Pages
<PAGE>
2
CUSIP NO. 337624106 13G PAGE 2 Of 8 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
31,181*
NUMBER OF 6 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 31,181*
WITH
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,181
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.57%
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.
<PAGE>
CUSIP NO. 337624106 13G PAGE 3 Of 8
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
31,181*
NUMBER OF 6 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 31,181*
WITH
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,181
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.57%
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.
<PAGE>
CUSIP NO. 337624106 13G PAGE 4 Of 8
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
14,219
NUMBER OF 6 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 45,400
WITH
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
45,400
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.28%
12 TYPE OF REPORTING PERSON
OO
<PAGE>
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 Amendment No. 1 to 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 entered
into a Joint Filing Agreement, dated March 26, 1998, a copy
of which was filed with the Schedule 13G as Exhibit A,
pursuant to which the Filing Persons agreed to file Schedule
13G and amendments thereto 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 8 Pages
<PAGE>
Item 2. (b). Address of Principal Business Office:
The Filing Persons all maintain the same principal
business office at
One Aldwyn Center
Villanova, PA 19085
(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
31,181 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. 14,219 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 and in
connection with investment advisory accounts over which
Miller & Jacobs Capital, L.L.C. exercises investment
authority, 45,400 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:
2.28%
Page 6 of 8 Pages
<PAGE>
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. 14,219
by Acadia Fund I, L.L.C. 31,181
(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. 45,400
(iv) shared power to dispose or to direct the
disposition of 0
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: [ XX ]
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 8 Pages
<PAGE>
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: January 14, 1999 By: /s/ JEFFREY A. MILLER
----------------------------------
Name: Jeffrey A. Miller
Title: Managing Member
ACADIA FUND I, L.L.C.
Dated: January 14, 1999 By: /s/ JEFFREY A. MILLER
----------------------------------
Name: Jeffrey A. Miller
Title: Managing Member
MILLER & JACOBS CAPITAL, L.L.C.
Dated: January 14, 1999 By: /s/ JEFFREY A. MILLER
----------------------------------
Name: Jeffrey A. Miller
Title: Managing Member
Page 8 of 8 Pages