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)
COMMUNITY SAVINGS BANKSHARES, INC.
_____________________________________________________________________________
(Name of Issuer)
COMMON STOCK, $1.00 PAR VALUE PER SHARE
_____________________________________________________________________________
(Title of Class of Securities)
204037 10 5
_____________________________________________________________________________
(CUSIP Number)
December 31, 1999
_____________________________________________________________________________
(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
CUSIP NO. 204037 10 5 Page 2 of 6 Pages
_____________________ _________________
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
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- -----------------------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------------------
5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
498,549
- -----------------------------------------------------------------------------
6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
VOTING POWER
297,403
- -----------------------------------------------------------------------------
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
498,549
- -----------------------------------------------------------------------------
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
DISPOSITIVE POWER
297,403
- -----------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
795,952
- -----------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- -----------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.54%
- -----------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
EP
CUSIP NO. 204037 10 5 Page 3 of 6 Pages
_____________________ _________________
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 13d-1(b), OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS:
[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:
795,952
CUSIP NO. 204037 10 5 Page 4 of 6 Pages
_____________________ _________________
(b) Percent of class:
8.54% (Based upon 9,319,873 shares issued and outstanding as
of December 31, 1999.)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 498,549
--------
(ii) Shared power to vote or to direct the vote 297,403
-------
(iii) Sole power to dispose or to direct the disposition of
498,549
-------
(iv) Shared power to dispose or to direct the disposition of
297,403
-------
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 shareholders 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 795,952 shares of Common Stock of which
297,403 shares had been or were in the process of being allocated
to the accounts of participating employees as of December 31,
1999 and 498,549 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.
Item 8. Identification and Classification of Members of the Group.
CUSIP NO. 204037 10 5 Page 5 of 6 Pages
_____________________ _________________
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.
CUSIP NO. 204037 10 5 Page 6 of 6 Pages
_____________________ _________________
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 11, 2000 By: /s/ Carmen Walch
-----------------------------------
Name: Carmen Walch
Title: Trust Officer,
of First Bankers Trust, N.A.,
Trustee for Community Savings, F.A.
Employee Stock Ownership Plan Trust
