CUSIP NO. 449219 10 4 Page 1 of 5 Pages
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. 1)
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)
December 31, 1999
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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)
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CUSIP NO. 449219 10 4 Page 2 of 5 Pages
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
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
Louisiana
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5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER 14,760
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6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER 2,109
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER 14,760
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER 2,109
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,869
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
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12. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 449219 10 4 Page 3 of 5 Pages
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
(b) Percent of class: 8.0%
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CUSIP NO. 449219 10 4 Page 4 of 5 Pages
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 14,760
------
(ii) Shared power to vote or to direct the vote 2,109
-----
(iii) Sole power to dispose or to direct the disposition of
14,760
------
(iv) Shared power to dispose or to direct the disposition
of 2,109
-----
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 generally be disregarded in determining
the percentage of stock voted for and against each proposal by
the participants and beneficiaries. As of December 31, 1999,
2,109 shares have been or were committed to be allocated to
participants' accounts and 14,760 shares were unallocated.
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
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 4 , 2000 By: /s/ G. Lloyd Bouchereau, Jr.
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G. Lloyd Bouchereau, Jr., Trustee
February 4 , 2000 By: /s/ Bobby E. Stanley
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Bobby E. Stanley, Trustee
February 4 , 2000 By: /s/ Danny M. Strickland
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Danny M. Strickland, Trustee
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