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)
Maralyn F. Heckman
201 East 600 North Road, P.O. Box 463, Cerro Gordo, Illinois 61818
(217) 763-4101
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 31, 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 13 G to report
the acquisition that is the subject 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.
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CUSIP No. 125270 10 8
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1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Maralyn F. Heckman
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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) OO
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(distribution under Company's Employee Stock Ownership Plan)
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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 5,925
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Shares Bene-
ficially by 8. Shared Voting Power 966
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Owned by Each
Reporting 9. Sole Dispositive Power 5,925
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Person With
10. Shared Dispositive Power 966
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 6,891
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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) 7.44
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14. Type of Reporting Person (See Instructions)
IN
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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 name of the reporting person is Maralyn F. Heckman.
(b) Mrs. Heckman resides at 201 East 600 North Road, P. O. Box 463, Cerro
Gordo, Illinois 61818.
(c) Mrs. Heckman's principal occupation is President, Chief Executive
Officer, Secretary and Treasurer of the Company.
(d) During the last five years, Mrs. Heckman has not been convicted in a
criminal proceeding (excluding traffic violations or similar
violations).
(e) During the last five years, Mrs. Heckman has not been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction.
(f) Mrs. Heckman is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION
The acquisition of an additional 566 shares of the Company's Common Stock which
required this filing results from distributions of shares from the Company's
Employee Stock Ownership Plan ("ESOP").
ITEM 4. PURPOSE OF THE TRANSACTION
The purpose of the acquisition of the Shares reported in this Schedule 13D/A by
the Reporting Person is a distribution from the Company's ESOP, and the
acquisition of such Shares by the Reporting Person was not made for the purpose
of acquiring control of the Company. The Reporting Person 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 Person does 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 Person may, at any time and from time to time, review or reconsider
her position and formulate plans or proposals with respect thereto, but has no
present intention of doing so.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Reporting Person is the beneficial owner of 6,891 Shares, or
approximately 7.44% of the 92,675 Shares outstanding.
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(b) The Reporting Person is the direct beneficial owner of 5,925 Shares and
has the sole power to vote and dispose of such Shares. Reporting
Person's husband, Galen A. Heckman, is the direct beneficial owner of
400 Shares. By virtue of his relationship as Reporting Person's spouse,
Galen A. Heckman, may be deemed to share with Reporting Person the
indirect power to vote and dispose of his 400 Shares. Reporting Person
also owns 566 shares by virtue of a distribution from the Company's
ESOP. For these 566 shares, Reporting Person has shared voting and
shared investment power with the trustee of the ESOP. Reporting Person
disclaims any beneficial ownership of the 400 Shares directly owned by
Galen A. Heckman.
(c) Shares acquired in the past 60 days by the Reporting Person were 70.5
Shares, acquired on March 31, 2000 pursuant to a distribution from the
Company's ESOP.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Maralyn F. Heckman and Galen A. Heckman are husband and wife.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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: April 14, 2000 /s/ Maralyn F. Heckman
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Signature
Maralyn F. Heckman
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Name/Title
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