UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ANNUAL FILING
CGB&L FINANCIAL GROUP, INC.
(NAME OF ISSUER)
COMMON STOCK PAR VALUE $.01 PER SHARE
(TITLE OF CLASS OF SECURITIES)
125270 10 8
(CUSIP NUMBER)
12-31-99
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SECTION
IS FILED:
(X) RULE 13D-1(B)
( ) RULE 13D-1(C)
( ) RULE 13D-1(D)
*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 THE
DISCLOSURES PROVIDED IN A PRIOR COVER PAGE.
THE INFORMATION REQUIRED IN 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).
|_|CUSIP NO. 125270 10 8
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF PERSON
CERRO GORDO BUILDING AND LOAN, s.b., AS TRUSTEE
IRS ID NO. 37-0212340
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
A___
B___
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
ILLINOIS, UNITED STATES
5. SOLE VOTING POWER
6,533 SHARES
6. SHARES VOTING POWER
1,386 SHARES
7. SOLE DISPOSITIVE POWER
6,533 SHARES
8. SHARED DISPOSITIVE POWER
1,386 SHARES
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,919 SHARES
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.5% OF 92,675 SHARES OF COMMON STOCK OUTSTANDING
AS OF DECEMBER 31, 1999
12. TYPE OF REPORTING PERSON
BK
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ITEM 1.
(A) NAME OF ISSUER:
CGB&L FINANCIAL GROUP, INC.
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
229 EAST SOUTH STREET, P. O. BOX 680
CERRO GORDO, IL 61818
ITEM 2.
(A) NAME OF PERSON FILING:
CERRO GORDO BUILDING AND LOAN, s.b., TRUSTEE FOR THE CERRO GORDO
BUILDING AND LOAN, s.b. EMPLOYEE STOCK OWNERSHIP PLAN
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
229 EAST SOUTH STREET, P. O. BOX 680, CERRO GORDO, IL 61818
(C) CITIZENSHIP
ILLINOIS CHARTERED SAVINGS BANK
(D) TITLE OF CLASS OF SECURITIES
COMMON STOCK PAR VALUE $.01 PER SHARE
(E) CUSIP NUMBER:
125270 10 8
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO ss.240.13D-1(B) OR
ss.240.13(D)-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
(B) _X_ BANK AS DEFINED IN SECTION 3(A)(6) OF THE ACT
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ITEM 4. OWNERSHIP
(A) AMOUNT BENEFICIALLY OWNED
7,919 SHARES
(B) PERCENT OF CLASS
8.5%
(C) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
(I) SOLE POWER TO VOTE OR DIRECT THE VOTE
6,533 SHARES
(II) SHARED POWER TO VOTE OR DIRECT THE VOTE
1,386 SHARES
(III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
6,533 SHARES
(IV) SHARED POWER TO DISPOSE OR DIRECT THE DISPOSITION OF
1,386 SHARES
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
NOT APPLICABLE
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
CERRO GORDO BUILDING AND LOAN, s.b. EMPLOYEE STOCK OWNERSHIP
PLAN - 8.5%
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
NOT APPLICABLE
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
NOT APPLICABLE
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
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ITEM 10. CERTIFICATION
THE FOLLOWING CERTIFICATION SHALL BE INCLUDED IF THE STATEMENT
IS FILED PURSUANT TO RULE 13D-1(B):
BY SIGNING BELOW, I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND
BELIEF, THE SECURITIES REFERRED TO ABOVE WERE ACQUIRED IN THE ORDINARY COURSE OF
BUSINESS AND WERE NOT ACQUIRED FOR THE PURPOSE OF AND DO NOT HAVE THE EFFECT OF
CHANGING OR INFLUENCING THE CONTROL OF THE ISSUER OF SUCH SECURITIES AND WERE
NOT ACQUIRED IN CONNECTION WITH OR AS A PARTICIPANT IN ANY TRANSACTION HAVING
SUCH PURPOSES OR EFFECT.
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, COMPLETE AND
CORRECT.
FEBRUARY 11, 2000
CERRO GORDO BUILDING AND LOAN, s.b.
/s/ Maralyn F. Heckman
-------------------------------------
Maralyn F. Heckman
President/CEO
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