U.S. SECURITIES & EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D - Amendment #9
Under the Securities Exchange Act of 1934
Massachusetts Fincorp, Inc.
(Name of Issuer)
Common Stock
(Title of Class Securities)
57564R-10-8
(CUSIP Number)
Mark W. Jaindl
1964 Diehl Court, Allentown, PA 18104
(610) 366-1800
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
January 26, 2000
(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. 57564R-10-8
1) Names of Reporting 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) 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: 13,948
1,640,150
Shares Bene-
________________________________________________________________
ficially
Owned by 8) Shared Voting Power:
N/ A
Each Report-
________________________________________________________________
ing Person 9) Sole Dispositive Power: 13,948
With_____________________________________________________________
___________
10) Shared Dispositive Power:
_________________________________________________________________
____________
_________________________________________________________________
_________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 13,948 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)
2.55%
_________________________________________________________________
____________
14) Type of Reporting Person (See Instructions): IN
N________________________________________________________________
_____________
Cusip No. 57564R-10-8
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
Mark Wilson 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: 30,000 1,640,150
Shares Bene-
________________________________________________________________
ficially
Owned by 8) Shared Voting Power: N/ A
Each Report-
________________________________________________________________
ing Person 9) Sole Dispositive Power: 30,000
With_____________________________________________________________
___________
10) Shared Dispositive Power:
_________________________________________
_________________________________________________________________
____________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 30,000 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)
5.50%
6.20%
_________________________________________________________________
____________
14) Type of Reporting Person (See Instructions): INN
_________________________________________________________________
____________
Cusip No. 57564R-10-8
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
Zachary John Jaindl Trust - EIN 23-6956997
_________________________________________________________________
____________
2) Check the Appropriate Box if a Member of a Group
(See Instruction): __________
(a)_______
(b) X
_________________________________________________________________
____________
3) SEC Use Only____________
_________________________________________________________________
____________
4) Source of Funds: : 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: 7,000 1,640,150
Shares Bene-
________________________________________________________________
ficially
Owned by 8) Shared Voting Power: N/ A
Each Report-
________________________________________________________________
ing Person 9) Sole Dispositive Power: 7,000
With_____________________________________________________________
___________
10) Shared Dispositive Power: N/A
_________________________________________________________________
____________
___________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 7,000 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)
1.28%
6.20%
_________________________________________________________________
____________
14) Type of Reporting Person: Trust IN
_________________________________________________________________
____________
Cusip No. 57564R-10-8
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
Julianne Katherine Jaindl Trust - EIN - 23-7754111
_________________________________________________________________
____________
2) Check the Appropriate Box if a Member of a Group
(See Instruction): __________
(a)_______
(b) X
_________________________________________________________________
____________
3) SEC Use Only____________
_________________________________________________________________
____________
4) Source of Funds: : 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: 3,600 1,640,150
Shares Bene-
________________________________________________________________
ficially
Owned by 8) Shared Voting Power: N/ A
Each Report-
________________________________________________________________
ing Person 9) Sole Dispositive Power: 3,600
With_____________________________________________________________
___________
10) Shared Dispositive Power: N/A
_________________________________________________________________
____________
___________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 3,600 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)
.66%
6.20%
_________________________________________________________________
____________
14) Type of Reporting Person: Trust IN
_________________________________________________________________
____________
Item 1. Security and Issuer .
This Schedule 13D filing relates to the common stock, $.01
par value, of Massachusetts Fincorp, Inc., a Massachusetts co-
operative bank holding company having its principal business
offices at 70 Quincy Avenue, Quincy, Massachusetts 02269 (the
"Company").
Item 2. Identity and Background Identity and Background
No Amendment
Item 3. Source and Amount of Funds or other Consideration
No Amendment
Item 4. Purpose of Transaction Purpose of Transaction.
On January 26, 2000, Mark W. Jaindl ("Jaindl") sent a letter
to Massachusetts Fincorp, c/o The Corporation Trust Company
regarding a Demand for Inspection of Books and Records relating
to the purchase and construction of the Quincy office building.
A copy of the letter is annexed as Exhibit A.
Item 5. Interest in Securities Interest in Securities of the
Issuer.
(a) Fred Jaindl, Mark Jaindl, the ZJTrust and the JJTrust
own 13,948, 30,000, 7,000 and 3,600 shares respectively of common
stock of the Company. In total, these 54,548 shares constitute
approximately 9.99% of the 545,481 shares of Company common stock
outstanding as of August 10, 1999.
(b) Fred Jaindl, Mark Jaindl, the ZJTrust and the JJTrust
have the sole voting and dispositive power of 13,948, 30,000,
7,000 and 3,600 shares respectively of common stock they hold.
(c), (d), (e) Not applicable
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
Not applicable.7n
Item 7. Material to be File as Exhibits
See attached
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.
January 26, 2000
/s/ Frederick J. Jaindl
________________________________________
Signature
Frederick J. Jaindl
/s/ Mark W. Jaindl
________________________________________
Signature
Mark W. Jaindl
Exhibit A
Mark W. Jaindl
1964 Diehl Court
Allentown, PA 18104
January 26, 2000
Massachusetts Fincorp, Inc.
c/o The Corporation Trust Company
1209 Orange Street
Wilmington, Delaware 19801
Re: Demand for Inspection of Books and Records
Dear Sir or Madam:
Mark W. Jaindl ("Jaindl") as the record owner of 30,000
shares of common stock, $.01 par value, of Massachusetts
Fincorp., Inc. ("MFI"), a Delaware Corporation, and pursuant to
Section 220(b) of the General Corporation Law of the State of
Delaware, hereby demands, under oath, the right to inspect and to
make copies or extracts from the following books and records of
MFI:
1. All drafts and the final contract between MFI and Shaws for
the purchase of a one-acre parcel of land in Quincy, MA (the
"Quincy Parcel"), for $975,000.
2. All minutes, transcripts or notes of meetings of the board
of directors of MFI (the "Board") and/or any Committee of the
Board concerning the purchase of the Quincy Parcel.
3. All resolutions of the Board and/or any Board committee
concerning the purchase of the Quincy Parcel.
4. All documents reviewed or relied upon by the Board and/or a
Board committee in approving the purchase of the Quincy Parcel.
5. All appraisals of the Quincy Parcel.
6. All environmental reports in the possession, custody or
control of MFI, the Board and/or a Board committee, concerning
the Quincy Parcel.
7. All drafts and the final contract between MFI and Key Realty
(the "Key Agreement"), the realtor, regarding the purchase of the
Quincy Parcel.
8. All minutes, transcripts or notes of meetings of the board
of directors of MFI (the "Board") and/or any Committee of the
Board concerning the Key Agreement.
9. All resolutions of the Board and/or a Board committee
concerning the approval of the Key Agreement.
10. All documents reviewed or relied upon by the Board and/or a
Board committee in approving the Key Agreement.
11. All drafts, change orders and the final contract between MFI
and Crown Construction (the "Crown Agreement"), the builder,
concerning the removal of the existing structure on the Quincy
Parcel and, the erection of a new office building on the Quincy
Parcel (the MFI Building").
12. All minutes, transcripts or notes of meetings of the board
of directors of MFI (the "Board") and/or any Committee of the
Board concerning the Crown Agreement.
13. All resolutions of the Board and/or a Board committee
concerning the Crown Agreement.
14. All documents reviewed or relied upon by the Board and/or a
Board committee in approving the Crown Agreement.
15. Any and all contracts, including drafts, between MFI and any
third party relating to the purchase of furniture, fixtures,
equipment, or supplies for use in connection with the MFI
Building (the "Miscellaneous Items").
16. All minutes, transcripts or notes of meetings of the board
of directors of MFI (the "Board") and/or any Committee of the
Board concerning the purchase of the Quincy Parcel.
17. All resolutions of the Board and/or a Board committee
concerning the purchase of the Miscellaneous Items.
18. All documents reviewed or relied upon by the Board and/or a
Board committee in approving the purchase of the Miscellaneous
Items.
The purpose of the demand is to investigate possible
management and waste of corporate assets in connection with the
authorization and approval of the purchase of the Quincy Parcel,
for $975,000; the removal of the existing structure from the
Quincy Parcel; and the erection of the MFI Building at a cost of
$1,138,000 to MFI, excluding cost overruns. The cost of the
Quincy Parcel and the MFI Building, excluding cost overruns,
totaled approximately $2,113,000, representing over 20% of MFI's
existing equity.
The undersigned hereby appoints Gregory V. Varallo and the
law firm of Richards, Layton & Finger, P.A. as its agent to
conduct the inspection and copying requested herein. Mr. Varallo
may be reached at One Rodney Square, Wilmington, Delaware 19899,
(302) 651-7772. The undersigned reserves the right to appoint
additional agents to conduct the inspection and copying.
Please contact Mr. Varallo on or before February 3, 2000 to
make arrangements for the inspection.
Very truly yours,
Mark W. Jaindl
cc: Gregory V. Varallo, Esquire
COMMONWEALTH OF PENNSYLVANIA )
)
COUNTY OF LEHIGH )
I, Mark W. Jaindl, am the record owner of 30,000 shares of
common stock. $.01 par value, of Massachusetts Fincorp, Inc.
("MFI"). The facts, statements and representations contained in
the foregoing demand for inspection of books and records of MFI
are true and correct to the best of my knowledge, information and
belief and the demand accurately sets forth my purpose in seeking
inspection of such books and records.
___________________________________
Mark W. Jaindl
Sworn to and subscribed before me this 26th day of January, 2000.
____________________________________
Notary Public
