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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. __)*
COMMUNITY SAVINGS BANKSHARES, INC.
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(Name of Issuer)
COMMON STOCK, $1.00 PAR VALUE PER SHARE
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(Title of Class of Securities)
204037 10 5
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(CUSIP Number)
December 31, 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)
Page 1 of 6 Pages
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CUSIP NO. 204037 10 5 13G Page 2 of 6 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Community Savings, F. A. Employee Stock Ownership Plan Trust
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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
United States
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5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
583,333
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6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
VOTING POWER
227,004
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
583,333
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
DISPOSITIVE POWER
227,004
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
810,337
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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)
7.68%
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12. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 204037 10 5 13G Page 3 of 6 Pages
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Item 1(a) Name of Issuer:
Community Savings Bankshares, Inc.
Item 1(b) Address of Issuer's Principal Executive Office:
660 U.S. Highway One
North Palm Beach, Florida 33408
Item 2(a) Name of Person Filing:
Community Savings, F. A. Employee Stock Ownership Plan Trust.
Item 2(b) Address of Principal Business Office or, if None, Residence:
Community Savings Bankshares, Inc.
660 U.S. Highway One
North Palm Beach, Florida 33408
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, par value $1.00 per share
Item 2(e) CUSIP Number:
204037 10 5
Item 3. If this statement is filed pursuant to Rules 13-d(b), or 13D-2(b),
check whether the person filing is a:
[x] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
Item 4. Ownership.
(a) Amount beneficially owned:
810,337
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CUSIP NO. 204037 10 5 13G Page 4 of 6 Pages
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(b) Percent of class:
7.68%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 583,333
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(ii) Shared power to vote or to direct the vote 227,004
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(iii) Sole power to dispose or to direct the disposition of
583,333
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(iv) Shared power to dispose or to direct the disposition of
227,004
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The Community Savings, F. A. Employee Stock Ownership Plan Trust
("Trust") was established pursuant to the Community Savings, F. A.
Employee Stock Ownership Plan ("ESOP"). Under the terms of the
ESOP, the Trustee must vote the allocated shares held in the ESOP
in accordance with the instructions of the participating employees.
Unallocated shares held in the ESOP will be voted by the ESOP
Trustee in the same proportion for and against proposals to share-
holders as the ESOP participants and beneficiaries actually vote
shares of Common Stock allocated to their individual accounts. 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.
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.
First Bankers Trust Company, N.A. is the trustee ("Trustee") of the
Trust, which holds 810,337 shares of common stock of which 227,004
shares had been or were in the process of being allocated to the
accounts of participating employees as of December 31, 1998 and
583,333 shares of common stock which have not yet been allocated
to the accounts of participating employees, and which will be voted
by the Trustee pursuant to the terms of the ESOP and may be deemed
to be beneficially owned by the Trust. 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.
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CUSIP NO. 204037 10 5 13G Page 5 of 6 Pages
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Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
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.
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CUSIP NO. 204037 10 5 13G Page 6 of 6 Pages
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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.
COMMUNITY SAVINGS, F. A. EMPLOYEE
STOCK OWNERSHIP PLAN TRUST
Date: February 12, 1999 By: /s/ Carmen Walch
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Name: Carmen Walch
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Title: Trust Officer,
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of First Bankers Trust, N.A.,
Trustee for Community Savings, F. A.
Employee Stock Ownership Plan Trust
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