SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rule 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Progressive Bancorp, Inc.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
472968 10 0
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(CUSIP Number)
Robert B. Pomerenk
Luse Lehman Gorman Pomerenk & Schick
A Professional Corporation
Suite 400
5335 Wisconsin Avenue, N.W.
Washington, D.C. 20015
(202) 274-2000
(Name, Address, Telephone number of Person Authorized to
Receive Notices and Communications)
May 8, 1998
(Date of event which Requires Filing of this Statement)
Check the appropriate box to designate the rule to which this
Schedule is filed:
/ / Rule 13d-1(b)
/x/ Rule 13d-(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).
Page 1 of 5 Pages
<PAGE>
CUSIP NO. 472968 10 0 PAGE 2 OF 5 PAGES
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Arthur E. Krile, Jr.
Social Security Number: ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) / / (B) / /
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
5 SOLE VOTING POWER
14,646
Number of shares
beneficially owned 6 SHARED VOTING POWER
by each reporting
person with 0
7 SOLE DISPOSITIVE POWER
14,646
8 SHARES DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,646
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10% of 149,369 shares of Common Stock outstanding as of
May 8, 1998
12 TYPE IN REPORTING PERSON*
IN
<PAGE>
CUSIP NO. 472968 10 0 PAGE 3 OF 5 PAGES
Item 1(a). Name of Issuer:
Progressive Bancorp, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
601 Court Street
Pekin, Illinois 61554
Item 2(a). Name of Person Filing:
Arthur E. Krile, Jr.
Item 2(b). Address of Principal Business Office:
224 Cypress
Pekin, Illinois 61554
Item 2(c). Citizenship or Place of Organization:
USA
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
472968 10 0
Item 3. Statement is Filed Pursuant To Rule 13d-1(b):
This person is an individual filing under Rule
13d-1(c).
Item 4. Ownership:
As of May 8, 1998, the reporting person beneficially
owned 14,646 shares of the Issuer. This number of
shares represents 10% of the common stock, par value
$.01 per share, of the Issuer, based upon 149,369
shares of such common stock outstanding as of May 8,
1998. As of May 8, 1998, the reporting person has
sole power to vote or to direct the vote of 14,646
shares and shared power to vote or to direct the vote
of 0 shares. The reporting person has sole power to
dispose or to direct the disposition of 14,646 shares
of common stock.
<PAGE>
CUSIP NO. 472968 10 0 PAGE 4 OF 5 PAGES
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 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:
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 such purposes or effect.
<PAGE>
CUSIP NO. 472968 10 0 PAGE 5 OF 5 PAGES
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.
Date: May 8, 1998
/s/ Arthur E. Krile, Jr.
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Arthur E. Krile, Jr.
Signature
