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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
CGB&L Financial Group, Inc.
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(Name of Issuer)
Common Stock Par Value, $.01 Per Share
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(Title of Class of Securities)
125270 10 8
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(CUSIP Number)
Robert and Julie Werking
3931 East Garnet Court, Highlands Ranch, Colorado 80126
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 22, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13 G to report the acquisition that is the subjection of this
Schedule 13D, and is filing this schedule because of Sections
240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box. / /
NOTE: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See Section 240.13d-7 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).
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 control number.
<PAGE>
CUSIP No. 125270
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1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Julie Werking
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) N/A
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(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions) PF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) N/A
-----------------------
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6. Citizenship or Place of Organization US Citizen
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Number of 7. Sole Voting Power
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Shares Bene-
ficially by 8. Shared Voting Power 6,325
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Owned by Each
Reporting 9. Sole Dispositive Power
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Person With
10. Shared Dispositive Power 6,325
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
6,325
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) N/A
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13. Percent of Class Represented by Amount in Row (11) 6.39%
----------
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14. Type of Reporting Person (See Instructions)
IN
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1
<PAGE>
CUSIP No. 125270
--------------------
- -----------------------------------------------------------------
1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Robert Werking
- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) N/A
--------------------
(b)
--------------------
- -----------------------------------------------------------------
3. SEC Use Only
----------------------------
- -----------------------------------------------------------------
4. Source of Funds (See Instructions) PF
---------------
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) N/A
-------------------------------------------
- -----------------------------------------------------------------
6. Citizenship or Place of Organization US Citizen
-----------------------
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Number of 7. Sole Voting Power
--------------------------------------------------
Shares Bene-
ficially by 8. Shared Voting Power 6,325
--------------------------------------------------
Owned by Each
Reporting 9. Sole Dispositive Power
--------------------------------------------------
Person With
10. Shared Dispositive Power 6,325
--------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
6,325
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) N/A
----------------------------------------
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13. Percent of Class Represented by Amount in Row (11) 6.39%
----------
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14. Type of Reporting Person (See Instructions)
IN
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<PAGE>
Item 1. Security and Issuer
This Statement relates to the common stock, $.01 par value per
share (the Shares') of CGB&L Financial Group, Inc., a Delaware
corporation (the Company').
Item 2. Identity and Background
(a) The names of each reporting person are Robert Werking and
Julie Werking, husband and wife.
(b) Mr. and Mrs. Werking resides at 3931 East Garnet Court,
Highlands Ranch, Colorado 80126.
(c) Mrs. Werking's principal occupation is Prosecuting Attorney
for the City of Aurora, Colorado.
Mr. Werking's principal occupation is civil attorney for the
City of Aurora, Colorado.
(d) During the last five years, Mr. and Mrs. Werking have not been
convicted in a criminal proceeding (excluding traffic
violations or similar violations).
(e) During the last five years, Mr. and Mrs. Werking have not been
a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction.
(f) Mr. and Mrs. Werking are United States citizens.
Item 3. Source and Amount of Funds and Other Consideration
The total amount of funds required by the Reporting Persons to
acquire the Shares reported in this Schedule 13D was $63,250. The
Reporting Persons' personal assets were the source of such funds
and no funds were borrowed for such purposes.
Item 4. Purpose of the Transaction
The purpose of the acquisition of the Shares reported in this
Schedule 13D by the Reporting Persons is for investment, and the
purchase of such Shares by the Reporting Persons was not made for
the purpose of acquiring control of the Company. The Reporting
Persons may make further purchases of Shares from time to time and
may dispose of any or all of the Shares held by her at any time.
The Reporting Persons do not have any plans or proposals which
related to, or could result in, any of the matters referred to in
paragraphs (b) through (j), inclusive, of Item 4 of Schedule 13D.
The Reporting Persons may, at any time and from time to time,
review or reconsider their position and formulate plans or
proposals with respect thereto, but have no present intention of
doing so.
Item 5. Interest in Securities of the Issuer
(a) Reporting Persons are the beneficial owner of 6,325 Shares, or
approximately 6.39% of the 99,000 Shares outstanding.
3
<PAGE>
(b) The Reporting Persons are the direct beneficial owners of
6,325 Shares and have the shared power to vote and dispose of
such Shares by virtue of their ownership of these Shares in
joint tenancy.
(c) Reporting Persons purchased the Shares on September 22, 1998
pursuant to the Company's initial public offering of the
Shares at a purchase price of $10 per share.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understands or Relationships
with Respect to Securities of the Issuer
Julie Werking and Robert Werking are husband and wife.
Item 7. Material to Be Filed as Exhibits
Exhibit 1. Agreement to file joint Schedule 13D.
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 and correct.
Date: 5-18-99 /s/ Julie Werking
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Signature
Julie Werking
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Name/Title
/s/ Robert G. Werking
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Signature
Robert Werking
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Name/Title
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<PAGE>
EXHIBIT 1
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Julie Werking and Robert Werking, as husband and wife, hereby
agree to file a joint Schedule 13D under the Securities Exchange
Act of 1934 with respect to their joint ownership of securities in
CGB&L Financial Group, Inc.
/s/ Julie Werking
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Julie Werking
/s/ Robert G. Werking
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Robert Werking
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