UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No._______)*
First National Community Bancorp, Inc.
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(Name of Issuer)
Common Stock, Par Value $1.25 Per Share
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(Title of Class of Securities)
Applied For
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(CUSIP Number)
William S. Lance, 102 E. Drinker Street, Dunmore, PA 18512, (717) 346-7667
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
July 1, 1998
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(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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on 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).
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Page 2 of 6
SCHEDULE 13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Louis A. DeNaples
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ X ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF (Personal Funds)
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER 81,727
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 3,472
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 81,727
REPORTING
PERSON 10 SHARED DISPOSITIVE POWER 3,472
WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
85,199
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.10%
14 TYPE OF REPORTING PERSON
IN (Individual)
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Page 3 of 6
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dominick L. DeNaples
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ X ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF (Personal Funds)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER 74,817
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 6,000
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 74,817
REPORTING
PERSON 10 SHARED DISPOSITIVE POWER 6,000
WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
80,817
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.74%
14 TYPE OF REPORTING PERSON
IN (Individual)
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Item 1. Security and Issuer
This statement relates to the common stock, par value $1.25 per share (the
"Common Stock"), of First National Community Bancorp, Inc. (the "Issuer"). The
principal executive offices of the Issuer are located at 102 E. Drinker Street,
Dunmore, Lackawanna County, Pennsylvania 18512; telephone number (717) 348-7667.
Item 2. Identity and Background
The following information is with respect to the Reporting Persons:
(a) Louis A. DeNaples
(b) Elmhurst Blvd., Box 4375, Moscow, PA 18444
(c) President; DeNaples Auto Parts, Inc., Mill Street, Dunmore, PA 18505
(d) During the last five years, the Reporting Person has not been convicted
in a criminal proceeding.
(e) During the last five years, the Reporting Person has not been a party
to a civil proceeding or administrative body and was 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.
(f) United States of America.
(a) Dominick L. DeNaples
(b) 1000 October Drive, Dunmore, PA 18505
(c) Vice President; DeNaples Auto Parts, Inc., Mill Street,
Dunmore, PA 18505
(d) During the last five years, the Reporting Person has not been convicted
in a criminal proceeding.
(e) During the last five years, the Reporting Person has not been a party
to a civil proceeding or administrative body and was 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.
(f) United States of America.
Item 3. Source and Amount of Funds or Other Considerations
These shares have been acquired by the DeNaples pursuant to the formation of a
holding company by First National Community Bank. Under a Plan of Merger between
First National Community Interim Bank and First National Community Bank, dated
March 12, 1997, each outstanding share of First National Community Bank was
exchanged for one share of the Issuer. The DeNaples acquired all of their shares
in the Issuer by virtue of this transaction.
Item 4. Purpose of Transaction
(See Item 3) The shares are held by the Reporting Person for investment
purposes. The Reporting Person has no plans or proposals that relate to or would
result in:
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Page 5 of 6
(a) The acquisition by any person of additional securities of the Issuer,
or the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer of any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number of term
of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy
of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure including but not limited to, if the Issuer is a registered
closed-end investment company, any plans or proposals to make any
changes in its investment policy for which a vote is required by
section 13 of the Investment Company Act of 1940;
(g) Changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control
of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national
securities association;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act;
or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a) Aggregate number of shares and percentage of the class of shares
identified pursuant to Item 1.
(b) SOLE VOTING POWER 156,544
SHARED VOTING POWER 9,472
SOLE DISPOSITIVE POWER 156,544
SHARED DISPOSITIVE POWER 9,472
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
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Signature
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
/s/ Louis A. DeNaples
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Louis A. DeNaples
/s/ Dominick L. DeNaples
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Dominick L. DeNaples
