SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
COMSTOCK BANCORP
(Name of Issuer)
Common Stock, par value
$.01 per share
(Title of Class of Securities)
205667 10 8
(CUSIP Number)
William H. Loxterman
1010 Hoose Road
Mentor, Ohio 44060
(216) 352-2447
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 16, 1997
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
.
(Continued on following pages)
(Page 1 of 5 Pages)
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CUSIP No. 205667 10 8 13D Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William H. Loxterman
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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 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 350,460
EACH REPORTING PERSON
WITH
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8 SHARED VOTING POWER
--
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9 SOLE DISPOSITIVE POWER
350,460
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10 SHARED DISPOSITIVE POWER
--
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
350,460
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.9%
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14 TYPE OF REPORTING PERSON
IN
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Schedule 13D
Comstock Bancorp
This Statement on Schedule 13D (this "Statement") is filed by William
H. Loxterman.
Item 1. Security and Issuer.
This Statement relates to the common stock, par value
$.01 per share ("Common Stock"), of Comstock Bancorp (the
"Company"). The address of the principal executive offices of
the Company is 6275 Neil Road, Reno, Nevada 89511.
Item 2. Identity and Background.
(a). This Statement is being filed by William
H. Loxterman.
(b), (c) and (f). Mr. Loxterman is retired and
resides at 1010 Hoose Road, Mentor, Ohio 44060. Mr. Loxterman
is a citizen of the United States of America.
(d) and (e). During the past five years, Mr.
Loxterman has not been convicted in any criminal proceeding
(excluding traffic violations or similar misdemeanors) or been
a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such
proceeding was not or is not subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
The Common Stock was not acquired by purchase, but
pursuant to the Plan of Reorganization described under Item 4.
Item 4. Purpose of Transaction.
Mr. Loxterman acquired his shares of Common Stock in
connection with an Agreement and Plan of Reorganization (the
"Plan of Reorganization") dated as of February 26, 1997
between the Company and Comstock Bank, a Nevada corporation
(the "Bank"), pursuant to which each outstanding share of
common stock, par value $.50 per share, of the Bank was
exchanged for two shares of Common Stock and the Bank became a
wholly-owned subsidiary of the Company. The Plan of
Reorganization became effective June 16, 1997. Mr. Loxterman
holds his shares of Common Stock for investment purposes.
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Mr. Loxterman has no present plans or proposals which
relate to or would result in any of the actions or events
described in paragraphs (a) through (j) of Item 4 of Schedule
13D.
Item 5. Interest in Securities of the Issuer.
(a). Mr. Loxterman is the beneficial owner of 350,460
shares (7.9% of the outstanding shares) of Common Stock. The
number of shares of Common Stock beneficially owned by Mr.
Loxterman and the percentage of outstanding shares of Common
Stock represented thereby have been computed in accordance
with Rule 13d-3 under the Securities Exchange Act of 1934, as
amended. There were 4,421,668 shares of Common Stock
outstanding at June 30, 1997, as reported in the Company's
Registration Statement on Form S-8 filed with the Securities
and Exchange Commission July 23, 1997.
(b). Mr. Loxterman has the sole power to (i) vote or
direct the voting of, and (ii) dispose or direct the
disposition of the 350,460 shares of Common Stock beneficially
owned by him.
(c). There have been no transactions with respect to
shares of Common Stock effected by Mr. Loxterman in the past
60 days.
(d). Not applicable.
(e). Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relation-
ships With Respect to Securities of the Issuer.
None.
<PAGE>
Item 7. Exhibits.
None.
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: July 31, 1997 /s/ William H. Loxterman
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WILLIAM H. LOXTERMAN
