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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _2_ )*
GLB Bancorp Inc
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(Name of Issuer)
COMMON SHARES
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(Title of Class of Securities)
361-778-103
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(CUSIP Number)
Umberto Fedeli
P.O. Box 318003
Independence, Ohio 44131
(216) 348-8080
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(Name, Address and Telephone Number of Person Authorized to
Receive Notice and Communications)
JANUARY 3, 2000
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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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SCHEDULE 13D
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CUSIP NO. 361-778-103
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Umberto Fedeli / ID # ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
NUMBER OF 137,000
SHARES
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 137,000
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.42 %
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEM 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
Amendment to Schedule 13D
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Item 1. Security and Issuer
This Statement relates to the shares of Common Stock (the "Shares") of
GLB Bancorp. The address of Issuer's principal officers is 7001 Center Street,
Mentor, Ohio 44060.
Item 2. Identity and Background
This Amendment Statement is filed on behalf of Umberto Fedeli. The
business address of the aforementioned person is P.O. Box 318003, Independence,
Ohio 44131.
Item 3. Purpose of Transaction
Mr. Fedeli initiated his position for investment purposes during GLB
Bancorp's initial public offering in May of 1998. Thereafter, he has made
subsequent purchases of the shares to increase his investment. Mr. Fedeli
believes the shares offer considerable value at present prices. It is also Mr.
Fedeli's opinion that management must now focus on developing a strategic plan
for deployment of its sizeable capital base. Moreover, attention should be paid
to increasing returns on equity and assets.
Mr. Fedeli's interest is for investment purposes. Subject to market and
business conditions and other factors, Mr. Fedeli may purchase additional
shares, maintain his present ownership of shares or sell some or all of the
shares.
Item 5. Material to be Filed as Exhibits
Exhibit A Relevant Transactions in Shares.
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Signatures
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, compete and
correct.
Date: January 3, 2000
by: /s/ Umberto Fedeli
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Umberto Fedeli
EXHIBIT A
PURCHASES OF GLB BANCORP
Date
Purchased Quantity Unit Cost
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05-18-98 40,000 $13.00
08-24-98 1,000 $12.83
08-25-98 1,200 $12.84
08-28-98 300 $11.83
08-28-98 1,000 $12.31
09-01-98 1,500 $12.06
09-02-98 500 $12.07
09-02-98 100 $12.06
09-02-98 500 $12.06
09-03-98 300 $11.99
09-03-98 700 $12.10
09-04-98 1,000 $11.31
09-10-98 900 $12.07
09-11-98 1,000 $12.31
09-14-98 500 $12.57
09-14-98 500 $12.81
09-17-98 500 $12.57
10-06-98 500 $11.44
10-08-98 500 $11.60
10-09-98 100 $10.73
10-09-98 400 $11.56
10-28-98 1,000 $12.81
10-30-98 1,000 $12.85
11-05-98 1,000 $13.60
11-05-98 300 $13.10
11-09-98 700 $13.35
11-11-98 1,500 $13.72
11-18-98 200 $13.61
11-18-98 500 $13.59
11-18-98 1,800 $13.59
11-18-98 1,000 $13.72
11-24-98 1,000 $13.22
11-24-98 700 $13.22
11-24-98 200 $13.35
11-24-98 1,100 $14.10
07-16-99 1,000 $9.50
07-16-99 500 $9.50
07-16-99 500 $9.94
07-16-99 1,000 $9.44
07-16-99 1,500 $9.44
07-22-99 1,000 $9.56
07-22-99 2,000 $9.56
07-22-99 2,500 $9.56
07-22-99 1,500 $9.56
10-04-99 300 $9.08
10-12-99 500 $9.07
10-13-99 400 $9.07
10-13-99 1,100 $9.06
10-18-99 500 $9.19
10-20-99 500 $9.07
10-20-99 1,000 $9.25
10-21-99 300 $9.08
10-25-99 5,000 $9.56
10-25-99 4,500 $9.56
10-28-99 1,000 $9.56
11-02-99 1,000 $9.81
11-04-99 700 $9.82
11-04-99 300 $9.81
11-09-99 100 $9.86
11-09-99 2,900 $9.81
11-09-99 1,800 $9.81
11-09-99 1,600 $9.94
11-11-99 500 $9.82
11-12-99 1,500 $9.81
11-12-99 1,000 $9.81
11-12-99 1,500 $9.81
11-15-99 3,000 $9.81
12-06-99 1,500 $8.94
12-06-99 200 $8.94
12-06-99 800 $8.94
12-16-99 5,500 $8.81
12-20-99 1,200 $8.81
12-20-99 1,000 $8.81
12-20-99 1,000 $8.81
12-20-99 500 $8.81
12-20-99 500 $8.81
12-20-99 300 $8.81
12-22-99 100 $8.80
12-23-99 700 $8.63
12-23-99 2,000 $8.62
12-23-99 10,000 $8.63
12-27-99 500 $8.63
12-27-99 2,700 $8.62
12-27-99 100 $8.62
12-29-99 200 $8.58
12-29-99 700 $8.69
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