SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. _)
IBL BANCORP, INC.
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
449219 10 4
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(CUSIP Number)
September 30, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ X ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
Page 1 of 5 Pages
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CUSIP NO. 449219 10 4 Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
IBL Bancorp, Inc. Employee Stock Ownership Plan 72-1421499
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Louisiana
5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
16,869
6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER
0
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
16,869
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,869
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
12. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 449219 10 4 Page 3 of 5 Pages
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Item 1(a) Name of Issuer:
IBL Bancorp, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
23910 Railroad Avenue
Plaquemine, Louisiana 70764
Item 2(a) Name of Person Filing:
IBL Bancorp, Inc. Employee Ownership Plan
Item 2(b) Address of Principal Business Office or, if None, Residence:
IBL Bancorp, Inc.
23910 Railroad Avenue
Plaquemine, Louisiana 70764
Item 2(c) Citizenship:
Louisiana
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
449219 10 4
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(f) [ X ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
If this statement is filed pursuant to Rule 13d-1(c), check this box.
[ ]
Item 4. Ownership.
(a) Amount beneficially owned:
16,869
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CUSIP NO. 449219 10 4 Page 4 of 5 Pages
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(b) Percent of class: 8.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 16,869
------
(ii) Shared power to vote or to direct the vote 0
------
(iii) Sole power to dispose or to direct the disposition of 16,869
------
(iv) Shared power to dispose or to direct the disposition of 0
------
The IBL Bancorp, Inc. Employee Stock Ownership Plan Trust ("Trust")
was established pursuant to the IBL Bancorp, Inc. Employee Stock
Ownership Plan ("ESOP"). Under the terms of the ESOP, the Trustees
will generally vote the allocated shares held in the ESOP in
accordance with the instructions of the participating employees and
will generally vote unallocated shares held in the ESOP in the same
proportion for and against proposals to stockholders as the ESOP
participants and beneficiaries actually vote shares of Common Stock
allocated to their individual accounts, subject in each case to the
fiduciary duties of the ESOP Trustees and applicable law. Any
allocated shares which either abstain on the proposal or are not voted
will be disregarded in determining the percentage of stock voted for
and against each proposal by the participants and beneficiaries. The
first allocation to participants' accounts under the ESOP is being
made effective as of December 31, 1998, but the amount of such
allocation has not been finalized yet.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable since the reporting entity owns more than 5% of the
class.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Participants in the ESOP are entitled to receive dividends on, and the
proceeds from, the sale of the shares allocated to their accounts. The
ESOP does not own more than 5% on behalf of another person.
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 since the reporting entity is not a member of a group.
Item 9. Notice of Dissolution of Group.
Not applicable since the reporting entity is not a member of a group.
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CUSIP NO. 449219 10 4 Page 5 of 5 Pages
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Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose 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.
IBL BANCORP, INC.
EMPLOYEE STOCK OWNERSHIP PLAN TRUST
February 10, 1999 By: /s/ G. Lloyd Bouchereau, Jr.
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G. Lloyd Bouchereau, Jr., Trustee
February 10, 1999 By: /s/ Bobby E. Stanley
--------------------
Bobby E. Stanley, Trustee
February 10, 1999 By: /s/ Danny M. Strickland
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Danny M. Strickland, Trustee
