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OMB APPROVAL
OMB NUMBER: 3235-0145
EXPIRES: DECEMBER 31, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE ... 14.90
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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. )*
Mid Continent Bancshares, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
595282104
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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).
CONFORMED COPY TO FILING MADE ON FEBRUARY 10, 1997
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- ------------------- ------------------
CUSIP NO. 595282104 13G PAGE __ OF__ PAGES
- ------------------- ------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PETER B. CANNELL & CO., INC.
13-3346990
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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
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
124,950
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
124,950
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8 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
124,950 which consists solely of common stock
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.25%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
Mid Continent Bancshares, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
124 West Central
El Dorado, Kansas 67042
Item 2(a). Name of Person Filing:
Peter B. Cannell & Co., Inc.
Item 2(b). Address of Principal Business Office:
919 Third Avenue, New York, NY 10022
Item 2(c). Citizenship:
Delaware Corporation
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP No. 595282104
Item 3. Person filing statement is:
(e) [X] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
Item 4. Ownership:
(a) Amount Beneficially Owned: 124,950
(b) Percent of Class: 6.25%
(c) Number of shares as to which such person has:
(iii) sole power to dispose or to direct the
disposition of: 124,950
Item 5. Ownership of Five Percent or less: N/A
Item 6. Ownership of More than Five Percent: N/A
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Item 7. Identification and Classification of the Subsidiary: N/A.
Item 8. Identification and Classification of Members of Group: N/A.
Item 9. Notice of Dissolution: N/A.
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 for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such securities
and were not acquired in connection with or as a participant in any transaction
having such purposes 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 10, 1997
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(Date)
Patricia Kogan
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(Signature)
Patricia Kogan, Vice President
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(Name/Title)
