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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
VALLEY COMMUNITY BANCSHARES, INC. (The "Issuer")
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
91951F104
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(CUSIP Number)
April 29, 2000
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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:
/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
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1. Name of Reporting Person.
I.R.S. Identification Nos. of above persons (entities only).
David H. Brown
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) N/A
(b) N/A
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3. SEC Use Only ..........................................................
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4. Citizenship or Place of Organization: United States citizen
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5. Sole Voting Power: 21,428 shares
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6. Shared Voting Power: 41,402 shares
Number of Shares -------------------------------------------------------
Beneficially Owned by 7. Sole Dispositive Power: 21,428 shares
Each Reporting Person -------------------------------------------------------
With 8. Shared Dispositive Power: 41,402 shares
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: 62,830
shares
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): N/A
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11. Percent of Class Represented by Amount in Row (9): 5.5%
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12. Type of Reporting Person (See Instructions): IN
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1. Name of Reporting Person.
I.R.S. Identification Nos. of above persons (entities only).
Thomas R. Absher
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) N/A
(b) N/A
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3. SEC Use Only ..........................................................
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4. Citizenship or Place of Organization: United States citizen
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5. Sole Voting Power: 50,129 shares
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6. Shared Voting Power: 6,574 shares
Number of Shares -------------------------------------------------------
Beneficially Owned by 7. Sole Dispositive Power: 50,129 shares
Each Reporting Person -------------------------------------------------------
With 8. Shared Dispositive Power: 6,574 shares
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: 56,703
shares
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): N/A
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11. Percent of Class Represented by Amount in Row (9): 5.0%
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12. Type of Reporting Person (See Instructions): IN
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1. Name of Reporting Person.
I.R.S. Identification Nos. of above persons (entities only).
Charles R. Wadsworth
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(c) N/A
(d) N/A
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3. SEC Use Only ..........................................................
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4. Citizenship or Place of Organization: United States citizen
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5. Sole Voting Power: N/A
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6. Shared Voting Power: 57,220 shares
Number of Shares -------------------------------------------------------
Beneficially Owned by 7. Sole Dispositive Power: N/A
Each Reporting Person -------------------------------------------------------
With 8. Shared Dispositive Power: 57,220 shares
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: 57,220
shares
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions): N/A
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11. Percent of Class Represented by Amount in Row (9): 5.1%
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12. Type of Reporting Person (See Instructions): IN
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ITEM 1.
The name and address of the issuer is:
(a) Valley Community Bancshares, Inc.
(b) 1307 East Main
P.O. Box 578
Puyallup, WA 98372
ITEM 2.
This statement is being filed by David H. Brown, Thomas R. Absher, and Charles
R. Wadsworth. The addresses of David H. Brown, Thomas R. Absher, and Charles R.
Wadsworth are:
(a) David H. Brown, Thomas R. Absher & Charles R. Wadsworth
(b) 1307 East Main
P. O. Box 578
Puyallup, WA 98372
(c) The above persons are all United States citizens.
(d) The class of equity securities to which this statement relates
is the Common Stock, $1 par value, of Valley Community
Bancshares, Inc. ("Common Stock).
(e) The Issuer's CUSIP number is 91951F104.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING AS A:
(a) / / Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) / / Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) / / Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) / / An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in accordance
with Section 240.13d-1)(b)(1)(ii)(G);
(h) / / A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i) / / A church plan that is excluded from the definition of an
investment company under section 3(C)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) / / Group, in accordance with Section 240.13d-1-(b)(1)(ii)(J).
ITEM 4. OWNERSHIP
(a) As of the close of business on April 15, 2000, David H. Brown
beneficially owned 62,830 shares of Common Stock, Thomas R.
Absher beneficially owned 56,703 shares of Common Stock, and
Charles R. Wadsworth beneficially owned 57,220 shares of
Common Stock.
(b) The number of shares of Common Stock beneficially owned by
David H. Brown constitutes approximately 5.5 percent of the
outstanding shares of the Issuer's Common Stock. The number of
shares of Common Stock beneficially owned by Thomas R. Absher
constitutes approximately 5.0 percent of the outstanding
shares of the Issuer's Common Stock. The number of shares of
Common Stock beneficially owned by Charles R. Wadsworth
constitutes approximately 5.1 percent of the outstanding
shares of the Issuer's Common Stock.
(c) David H. Brown has the sole power to vote and the sole power
to dispose of 21,428 shares of Common Stock beneficially owned
by him, and shares the power to vote and dispose of 41,402
shares of Common Stock beneficially owned by him but jointly
held by Mr. Brown and Mr. Brown's spouse. Thomas R. Absher has
the sole power to vote and the sole power to dispose of 50,129
shares of Common Stock beneficially owned by him, and shares
the power to vote and dispose of 6,574 shares of Common Stock
beneficially owned by him but jointly held by Mr. Absher and
Mr. Absher's spouse. Charles R. Wadsworth has the shared power
to vote and the shared power to dispose of all 57,220 shares
of Common Stock that are beneficially owned by him, and that
are held in the name of the Wadsworth Family Limited
Partnership, a limited partnership of which Mr. Wadsworth and
Mr. Wadsworth's spouse are the sole general partners.
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
NOT APPLICABLE.
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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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, we certify that, to the best of our knowledge and belief, the
securities referred to above 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 our knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
March 15, 2000
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(Date)
/s/ David H. Brown
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David H. Brown, President
Valley Community Bancshares, Inc.
March 15, 2000
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(Date)
/s/ Charles R. Wadsworth
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Charles R. Wadsworth
March 15, 2000
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(Date)
/s/ Thomas R. Absher
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Thomas R. Absher
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