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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.__)*
South Jersey Financial Corporation
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
838493-10-4
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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)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
SEC 1745 (2-95)
Page 1 of 5 pages
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- -------------------------- ------------------------ ---------------------------
CUSIP NO. 838493-10-4 13G 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
South Jersey Savings and Loan Association
Employee Stock Ownership Plan
- ---- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /__/
(b) /__/
- ---- ------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Federally chartered stock savings institution's employee stock benefit
plan organized in Delaware.
- ----------------- ----- ------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 283,242
BENEFICIALLY
OWNED BY ----- ------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING 20,232
PERSON
WITH ----- ------------------------------------------------------
7 SOLE DISPOSITIVE POWER
303,474
----- ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
303,474
- ---- ------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.4 % of 3,603,759 shares of Common Stock outstanding
as of December 31, 1999.
- ---- ------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
EP
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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SOUTH JERSEY SAVINGS AND LOAN ASSOCIATION
EMPLOYEE STOCK OWNERSHIP PLAN
SCHEDULE 13G
Item 1(a) Name of Issuer:
South Jersey Financial Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
4651 Route 42
Turnersville, New Jersey 08012
Item 2(a) Name of Person Filing:
South Jersey Savings and Loan Association
Employee Stock Ownership Plan
Trustee: First Bankers Trust Co.
2321 Koch's Lane
Quincy, Illinois 62305-3566
Item 2(b) Address of Principal Business Offices or, if none, Residence:
4651 Route 42
Turnersville, New Jersey 08012
Item 2(c) Citizenship: Federally chartered stock savings institution's
employee stock benefit plan organized in Delaware.
Item 2(d) Title of Class of Securities: Common Stock, par value $.01 per share
Item 2(e) CUSIP Number: 838493-10-4
Item 3 The person filing this statement is an employee benefit plan
which is subject to the provisions of the Employee Retirement
Income Security Act of 1974.
Item 4 Ownership. As of December 31, 1999, the reporting person
beneficially owned 303,474 shares of the issuer. This number of
shares represents 8.4 % of the common stock, par value $.01, of the
issuer, based upon 3,603,759 shares of such common stock outstanding
as of December 31, 1999. As of December 31, 1999, the reporting
person has sole power to vote or to direct the vote of 283,242 of
the shares and shares voting power over 20,232 shares. The
reporting person has the sole power to dispose or direct the
disposition of 303,474 shares of common stock.
Page 3 of 5 pages
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Item 5 Ownership of Five Percent or Less of a Class.
N/A
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
N/A
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
N/A
Item 8 Identification and Classification of Members of the Group.
N/A
Item 9 Notice of Dissolution of Group.
N/A
Page 4 of 5 pages
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Item 10 Certification.
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired 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.
February 11, 2000
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(Date)
/s/ Carmen Walch
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(Signature)
Carmen Walch
First Bankers Trust, Co., N.A., as Trustee
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(Title)
Page 5 of 5 pages
