PAGE 7
U.S. SECURITIES & EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Northeast Pennsylvania Financial Corp.
(Name of Issuer)
Common Stock
(Title of Class Securities)
663905107
(CUSIP Number)
Frederick J. Jaindl et al
Jaindl Farms
Attention: Mark W. Jaindl
3150 Coffeetown Road, Orefield, PA 18069
(610) 395-3333
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
September 16, 1998
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on
Schedule 13D 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 this
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 less than five percent of such class. See Rule
13d-7.)
The information required on the remainder of this cover page
shall not be deemed to "file" 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.
Cusip No. 663905107
1) Names of Persons S.S. or I.R.S. Identification
Nos. of Above Persons:
Frederick John Jaindl - SSN ###-##-####
____________________________________________________________
_________________
2) Check the Appropriate Box if a Member of a Group
(See Instruction): __________
(a)_______
(b) X
____________________________________________________________
_________________
3) SEC Use Only______
____________________________________________________________
_________________
4) Source of Funds (See Instructions) PF00
____________________________________________________________
_________________
5) Check if Disclosure of Legal Proceedings is
Required
Pursuant to items 2 (d) or (e): N/A
____________________________________________________________
_________________
6) Citizenship or Place of Organization: US U.S.
____________________________________________________________
_________________
Number of 7) Sole Voting Power: 244,200 1,640,150
Shares Bene-
____________________________________________________________
____
ficially
Owned by 8) Shared Voting Power: N/ A
Each Report-
____________________________________________________________
____
ing Person 9) Sole Dispositive Power: 244,200
With________________________________________________________
________________
10) Shared Dispositive Power:
____________________________________________________________
_________________
____________________________________________________________
______________
11) Aggregate Amount Beneficially Owned by Each
Reporting
Person: 244,200 shares
____________________________________________________________
________________
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares: Yes No XX N/A
____________________________________________________________
_________________
13) Percent of Class Represented by Amount in Row (11)
3.79%
6.20%
____________________________________________________________
_________________
14) Type of Reporting Person (See Instructions): INN
____________________________________________________________
_________________
Cusip No. 663905107
1) Names of Persons S.S. or I.R.S. Identification
Nos. of Above Persons:
Mark W. Jaindl - SSN ###-##-####
____________________________________________________________
_________________
2) Check the Appropriate Box if a Member of a Group
(See Instruction): __________
(a)_______
(b) X
____________________________________________________________
_________________
3) SEC Use Only___________
____________________________________________________________
_________________
4) Source of Funds: PF: 00
____________________________________________________________
_________________
5) Check if Disclosure of Legal Proceedings is
Required
Pursuant to items 2 (d) or (e): Yes No XX N/A
____________________________________________________________
_________________
6) Citizenship or Place of Organization: US U.S.
____________________________________________________________
_________________
Number of 7) Sole Voting Power: 10,739 1,640,150
Shares Bene-
____________________________________________________________
____
ficially
Owned by 8) Shared Voting Power: N/ A
Each Report-
____________________________________________________________
____
ing Person 9) Sole Dispositive Power: 10,739
With________________________________________________________
________________
10) Shared Dispositive Power:
_________________________________________
____________________________________________________________
_________________
11) Aggregate Amount Beneficially Owned by Each
Reporting
Person: 10,739 shares
____________________________________________________________
________________
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares Yes No XX N/A
____________________________________________________________
_________________
13) Percent of Class Represented by Amount in Row (11)
.16%
6.20%
____________________________________________________________
_________________
14) Type of Reporting Person (See Instructions): INN
____________________________________________________________
_________________
Cusip No. 663905107
1) Names of Persons S.S. or I.R.S. Identification
Nos. of Above Persons:
Martin Spiro - SSN ###-##-####
____________________________________________________________
_________________
2) Check the Appropriate Box if a Member of a Group
(See Instruction): __________
(a)_______
(b) X
____________________________________________________________
_________________
3) SEC Use Only___________
____________________________________________________________
_________________
4) Source of Funds: PF: 00
____________________________________________________________
_________________
5) Check if Disclosure of Legal Proceedings is
Required
Pursuant to items 2 (d) or (e): Yes No XX N/A
____________________________________________________________
_________________
6) Citizenship or Place of Organization: US U.S.
____________________________________________________________
_________________
Number of 7) Sole Voting Power: 28,450 1,640,150
Shares Bene-
____________________________________________________________
____
ficially
Owned by 8) Shared Voting Power: N/ A
Each Report-
____________________________________________________________
____
ing Person 9) Sole Dispositive Power: 28,450
With________________________________________________________
________________
10) Shared Dispositive Power:
_________________________________________
____________________________________________________________
_________________
11) Aggregate Amount Beneficially Owned by Each
Reporting
Person: 28,450 shares
____________________________________________________________
________________
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares Yes No XX N/A
____________________________________________________________
_________________
13) Percent of Class Represented by Amount in Row (11)
.44%
6.20%
____________________________________________________________
_________________
14) Type of Reporting Person (See Instructions): INN
____________________________________________________________
_________________
Cusip No. 663905107
1) Names of Persons S.S. or I.R.S. Identification
Nos. of Above Persons:
Frederick J. Jaindl Foundation - EIN 23-2495124
____________________________________________________________
_________________
2) Check the Appropriate Box if a Member of a Group
(See Instruction): __________
(a)_______
(b) X
____________________________________________________________
_________________
3) SEC Use Only____________
____________________________________________________________
_________________
4) Source of Funds: WC: 00
____________________________________________________________
_________________
5) Check if Disclosure of Legal Proceedings is
Required
Pursuant to items 2 (d) or (e): Yes No XX N/A
____________________________________________________________
_________________
6) Citizenship or Place of Organization: PA U.S.
____________________________________________________________
_________________
Number of 7) Sole Voting Power: 42,500 1,640,150
Shares Bene-
____________________________________________________________
____
ficially
Owned by 8) Shared Voting Power: N/ A
Each Report-
____________________________________________________________
____
ing Person 9) Sole Dispositive Power: 42,500
With________________________________________________________
________________
10) Shared Dispositive Power: N/A
____________________________________________________________
_________________
___________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting
Person: 42,500 shares
____________________________________________________________
________________
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares: Yes No XX N/A
____________________________________________________________
_________________
13) Percent of Class Represented by Amount in Row (11)
.65%
6.20%
____________________________________________________________
_________________
14) Type of Reporting Person: Foundation IN
____________________________________________________________
_________________
Item 1. .
This Schedule 13D filing relates to the common stock,
$.01 par value, of Northeast Pennsylvania Financial, Inc. a
savings and loan holding company having its principal
business offices at 12 E. Broad Street, Hazleton,
Pennsylvania 18201 (the "Company").
Item 2. Identity and Background
(a) This statement is being filed by
Frederick J. Jaindl, Martin Spiro, Mark W. Jaindl, and the
Frederick J. Jaindl Foundation ("Foundation").
(b) Frederick J. Jaindl's principal business address
is Jaindl Farms, 3150 Coffeetown Road, Orefield, PA
18069. Martin Spiro's principal business address is 1224
Main Street, Allentown, PA 18104. Mark W. Jaindl's
principal business address is American Bank of the Lehigh
Valley, 4029 W. Tilghman Street, Allentown PA 18104. The
Foundation's principal business address is 3150 Coffeetown
Road, Orefield, PA 18069.
(c) Fred Jaindl's present principal occupation is
as the sole proprietor of Jaindl Farms and the principal
shareholder and chief executive officer of Jaindl's Inc.
Both of these businesses have their principal offices at
3150 Coffeetown Road, Orefield, PA 18069. Fred Jaindl is
the Chairman and Mark Jaindl is the President and Chief
Executive Officer of the American Bank of the Lehigh Valley,
a commercial bank whose principal business address is 4029
West Tilghman Street, Allentown PA 18104. Martin Spiro is
a private investor and a director of American Bank of the
Lehigh Valley.
(d) During the past five years neither Fred Jaindl,
Martin Spiro, nor Mark Jaindl have been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the past five years neither Fred Jaindl,
Martin Spiro, nor Mark Jaindl have been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of which was subject to a
judgement, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violations
with respect to such laws.
(f) Frederick J. Jaindl, Mark W. Jaindl and Martin
Spiro are U.S. citizens. The Frederick J. Jaindl Foundation
is a charitable foundation.
Item 3. Source and Amount of Funds or Other
Consideration.
Frederick J. Jaindl has business interests ranging from
turkey farming to real estate development. In the regular
course of these businesses, he borrows funds from various
lenders to finance their daily operations. Since most of
these businesses are structured as sole proprietorships and
corporations controlled by Mr. Jaindl, he typically
reinvests back into his operations most of the net profits
generated by these entities or by any personal investments
he routinely makes. From time to time he recovers the
equity invested in his businesses either by taking
distributions from current profits or by financing assets
held by one of his business entities, thereby allowing him
to realize a portion of the equity accumulated in those
assets without having to sell them. The personal funds he
has used and may use in the future to purchase shares of
common stock of the Company have been generated from the
equity and profits he accumulates in his various businesses
as described above.
Fred Jaindl and Mark Jaindl have in the past borrowed
funds to purchase investments or to finance their other
business interests. Fred and Mark Jaindl may in the future
borrow funds to purchase additional shares of the Company's
common stock or to finance their other business interests,
which loans may be secured by pledges of the Company's
common stock. Martin Spiro has purchased shares using
personal funds.
Item 4. Purpose of Transaction.
Fred Jaindl, Martin Spiro, Mark Jaindl, and the
Foundation have purchased these shares for investment
purposes and have no current plans which would result in any
actions enumerated in the Schedule 13d instructions for this
Item 4. However, any of the above may acquire or sell
shares of the Company common stock if attractive investment
opportunities become available in the future.
Item 5. Interest in Securities of the Issuer.
(a) Fred Jaindl, Martin Spiro, Mark Jaindl, and the
Foundation own 244,200, 28,450, 10,739, and 42,500 shares
respectively of common stock of the Company. In total,
these 325,889 shares constitute 5.1% of the 6,427,350 shares
of Company common stock outstanding as of August 12, 1998.
(b) Fred Jaindl, Martin Spiro, Mark Jaindl, and the
Foundation have the sole voting and dispositive power of
244,200, 28,450, 10,739, and 42,500 respectively of common
stock they hold.
(c) The following transactions were effected by or on
behalf of each of the above during the past sixty days:
action
Frederick J. Jaindl
Date Shares Price
07/28/98 2,500 $13.77
Open Market
07/30/98 2,500 $13.58
Open Market
07/30/98 1,400 $13.52
Open Market
07/31/98 2,500 $13.52
Open Market
08/03/98 5,000 $13.52
Open Market
08/03/98 1,500 $13.40
Open Market
08/04/98 5,000 $13.77
Open Market
08/04/98 1,100 $13.58
Open Market
08/04/98 200 $13.46
Open Market
08/05/98 2,500 $13.71
Open Market
08/18/98 400 $13.46
Open Market
08/06/98 4,600 $13.39
Open Market
08/07/98 5,000 $13.39
Open Market
08/07/98 5,000 $13.40
Open Market
08/10/98 5,000 $13.27
Open Market
08/11/98 1,900 $13.39
Open Market
08/14/98 5,000 $13.14
Open Market
08/18/98 300 $12.75
Open Market
08/09/98 2,500 $12.71
Open Market
08/12/98 1,800 $12.52
Open Market
08/12/98 4,500 $12.52
Open Market
08/20/98 2,500 $12.39
Open Market
08/24/98 5,000 $11.93
Open Market
08/25/98 2,500 $11.58
Open Market
08/31/98 2,500 $11.27
Open Market
08/31/98 2,500 $10.90
Open Market
08/31/98 5,000 $11.39
Open Market
09/01/98 2,500 $ 9.77
Open Market
09/01/98 2,000 $ 9.90
Open Market
09/02/98 1,000 $10.21
Open Market
09/02/98 3,300 $10.40
Open Market
09/02/98 5,000 $10.39
Open Market
09/16/98 2,500 $11.25
Open Market
09/16/98 2,500 $11.25
Open Market
Martin Spiro N/A
Mark W. Jaindl N/A
Frederick J. Jaindl Foundation
Date Shares Price
09/16/98 2,500 $11.25
Open Market
(d) Not applicable
(e) Not applicable
Item 6.
Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
Not applicable.-7n
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.
September 17, 1998
________________________________________
Signature
Mark W. Jaindl