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FORM 3
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UNITED STATES SECURITY AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting | 2. Date of Event Re- | 4. Issuer Name AND Ticker or Trading Symbol
Persons | quiring Statement | BINGHAM FINANCIAL SERVICES CORPORATION (BFSC)
Bennett James D. | (Month/Day/Year) |------------------------------------------------------------------
- ---------------------------------------| | 5. Relationship of Reporting | 6. If Amendment, Date of
(Last) (First) (Middle) | 3/5/98 | Person(s) to Issuer | Original (Month/Day/Year)
|-------------------------| (check all applicable) |
5939 Patterson | 3. IRS Identification | ___ Director _____ 10% Owner|-------------------------------
- ---------------------------------------| Number of Reporting | ___ Officer __x__ Other | 7. Ind.or Joint/Group Filing
(Street) | Person, if an entity| (give title (specify | (check applicable line)
| (Voluntary) | below) below) | ___ Form filed by One
| | | Reporting Person
| | Vice President of subsidiary | ___ Form filed by More than
Troy, Michigan 48098 | | ---------------------------- | One Reporting Person
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(City) (State) (Zip) | TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
|
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1. Title of Security | 2. Amount of Securities | 3. Ownership | 4. Nature of Indirect Beneficial
(Instr. 4) | Beneficially Owned | Form: Direct | Ownership (Instr. 5)
| (Instr. 4) | (D) or Indirect |
| | (I) (Instr. 5) |
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Common Stock | 17,130 | D |
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G. PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1.Title of Derivative Security| 2.Date Exer- |3.Title and Amount of Securities | 4.Conver- | 5. Owner- | 6. Nature of Indirect
(Instr. 4) | cisable and | Underlying Derivative Security | sion or | ship | Beneficial
| Expiration | (Instr. 4) | Exercise | Form of | Ownership
| Date | | Price of | Deriv- | (Instr. 5)
| (Month/Day/ | | Deriv- | ative |
| Year) | | ative | Security:|
- ------------------------------|-----------------|---------------------------------| Security | Direct |
| Date | Expir- | | Amount | | (D) or |
| Exer- | ation | Title | or | | Indirect |
| cisable| Date | | Number | | (I) |
| | | | of | | (Instr. 5) |
| | | | Shares | | |
- ------------------------------|--------|--------|------------------------|--------|-----------|-------------|-----------------------
Options |3/5/2001|3/5/2008| Common | 333 | $13/share | D |
- ------------------------------|--------|--------|------------------------|--------|-----------|-------------|-----------------------
|3/5/2002|3/5/2008| Common | 333 | $13/share | D |
- ------------------------------|--------|--------|------------------------|--------|-----------|-------------|-----------------------
|3/5/2003|3/5/2008| Common | 334 | $13/share | D |
- ------------------------------|--------|--------|------------------------|--------|-----------|-------------|-----------------------
Explanation of Responses:
/s/ James D. Bennett 3/13/98
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**Signature of Reporting Person Date
*** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number.
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