<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
First Commonwealth Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
319828208
(CUSIP Number)
Jill Martin
First Southern Bancorp, Inc.
P.O. Box 328, Stanford, KY. 40484 (606 365-3555)
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
July 26, 1999
(Date of Event which requires filing of this Statement)
If the filing person has previously filed a Statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
Schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check
the following box [ ]
Page 1 of 20
<PAGE> 2
CUSIP No. 319828208 13D Page 2 of 20 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Southern Funding, LLC *
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Kentucky
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0*
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0*
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0*
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
0*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0*
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
* See response to Item 5
Page 2 of 20
<PAGE> 3
CUSIP No. 319828208 13D Page 3 of 20 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Southern Bancorp, Inc.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC, BK
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Kentucky
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 1,217*
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0*
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,217*
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
0*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,217*
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
2.2%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
- -------------------------------------------------------------------------------
* See response to Item 5
Page 3 of 20
<PAGE> 4
CUSIP No. 319828208 13D Page 4 of 20 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jesse T. Correll
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY See response to Item 5
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
See response to Item 5
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
See response to Item 5
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
See response to Item 5
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
Page 4 of 20
<PAGE> 5
CUSIP No. 319828208 13D Page 5 of 20 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Southern Capital Corp., LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Kentucky
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0*
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0*
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0*
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
0*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0*
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
* See response to Item 5
Page 5 of 20
<PAGE> 6
CUSIP No. 319828208 13D Page 6 of 20 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Southern Investments, LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Kentucky
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0*
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0*
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0*
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
0*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0*
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
* See response to Item 5
Page 6 of 20
<PAGE> 7
EXPLANATORY NOTE:
The purpose of this amendment is to update the disclosures in Item 2
(including Exhibit C), to reflect the merger of United Income, Inc. into United
Trust, Inc., which was effective July 26, 1999, and to update share ownership
information. The filing of this Statement shall not be construed as an admission
that any of the reporting persons is the beneficial owner of securities reported
as beneficially owned by United Trust, Inc. (now named United Trust Group,
Inc.)("UTI").
Information concerning the reporting persons' beneficial ownership of
shares of UTI is contained in the Schedule 13D, as amended from time to time,
the reporting persons have filed with respect to the common stock of UTI.
(Commission No. 0-16867)
ITEM 1. SECURITY AND ISSUER
Not amended.
ITEM 2. IDENTITY AND BACKGROUND
The name, citizenship or state of organization, principal employment or
business, and the address of the principal office of each Reporting Person, are
set forth below:
JESSE T. CORRELL
(a) The name of this Reporting Person is Jesse T. Correll
("Mr. Correll").
(b) The business address of Mr. Correll is P. O. Box 328,
99 Lancaster Street, Stanford, Kentucky 40484.
(c) Mr. Correll's present principal occupation or employment and
the name, principal business and address of any corporation
or other organization in which such employment is carried on
are:
President and Director of First Southern Bancorp, Inc. (bank
holding company), P.O. Box 328, 99 Lancaster Street, Stanford,
Kentucky 40484.
(d) During the last five years, Mr. Correll has not been convicted
of a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, Mr. Correll was not a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which FSBI was or is
subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any
violation with respect to such laws.
Page 7 of 20
<PAGE> 8
(f) Mr. Correll is a citizen of the United States.
FIRST SOUTHERN BANCORP, INC. (FSBI) (a Kentucky corporation)
(a) The name of this Reporting Person is First Southern Bancorp,
Inc.
(b) The state of organization of FSBI is Kentucky.
(c) The principal business of FSBI is a multi-bank holding
company. The address of the principal office of FSBI is P.O.
Box 328, 99 Lancaster Street, Stanford, Kentucky 40484.
(d) During the last five years, FSBI has not been convicted of a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, FSBI was not a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction as a result of which FSBI was or is subject to a
judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect
to such laws.
Directors, Executive Officers and Controlling Persons of FSBI:
Present Principal
NAME BUSINESS ADDRESS OCCUPATION OR
EMPLOYMENT
Jesse T. Correll P.O. Box 328 President and Director
99 Lancaster Street of First Southern
Stanford, KY 40484 Bancorp, Inc.
(Bank holding company)
Randall L. Attkisson P.O. Box 328 Vice President, Treasurer
99 Lancaster Street and Director of First
Stanford, KY 40484 Southern Bancorp, Inc.
(Bank holding company)
Jill M. Martin P.O. Box 328 Secretary of First Southern
99 Lancaster Street Bancorp, Inc. (Bank
Stanford, KY 40484 holding company)
Ward F. Correll P.O. Box 129 Owner, Cumberland Lake
Page 8 of 20
<PAGE> 9
150 Railroad Drive Shell, Inc.
Somerset, KY 42502 (Gasoline wholesaler)
David S. Downey P.O. Box 295 Regional CEO and Director
102 West Main Street of First Southern National
Stanford, KY 40484 Bank (Bank)
Douglas P. Ditto P.O. Box 295 Senior Vice President
102 West Main Street of First Southern
Stanford, KY 40484 National Bank (Bank)
John R. Ball P.O. Box 628 Regional CEO and Director
27 Public Square of First Southern National
Lancaster, KY 40444 Bank (Bank)
Gary Dick P.O. Box 489 Community CEO and
216 North Main St. Director of First Southern
Monticello, KY 42633 National (Bank)
James P. Rousey 3060 Harrodsburg Regional CEO and Director
Lexington, KY 40503 of First Southern National
Bank (Bank)
Joseph E. Hafley P.O. Box 328 Chief Lending Officer of
99 Lancaster Street First Southern Bancorp,
Stanford, KY 40484 Inc.(Bank holding
company)
All of the directors and executive officers of FSBI are
citizens of the United States and during the last five years, none of these
directors or executive officers (i) has been convicted of a criminal proceeding
(excluding traffic violations or similar misdemeanors) nor (ii) been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction and, as a result of such proceeding, was or is subject to a
judgment, decree or final order enjoining future violations of or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
FIRST SOUTHERN FUNDING, LLC (FSF) (a Kentucky limited liability company)
(a) The name of this Reporting Person is First Southern Funding,
LLC. First Southern Funding, LLC is the successor by merger to
First Southern Funding, Inc. Effective as of December 31,
1998, First Southern Funding, Inc. merged into First
Southern Funding, LLC, with First Southern Funding, LLC as the
surviving entity in the merger.
Page 9 of 20
<PAGE> 10
(b) The state of organization of FSF is Kentucky.
(c) The principal business of FSF is an investment company. The
address of the principal office of FSF is P.O. Box 328, 99
Lancaster Street, Stanford, Kentucky 40484.
(d) During the last five years, FSF has not been convicted of a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, FSF was not a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction as a result of which FSBI was or is subject to a
judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect
to such laws.
Managers, Executive Officers and Controlling Person of FSF:
Name and Offices Present Principal Occupation or
HELD WITH FSF BUSINESS ADDRESS EMPLOYMENT
Jesse T. Correll P.O. Box 328 President and Director of First
President, Director<F1> 99 Lancaster Street Southern Bancorp, Inc. (Bank
Stanford, KY 40484 holding company)
Randall L. Attkisson P. O. Box 328 Vice President, Treasurer and
Treasurer, Manager 99 Lancaster Street Director of First Southern
Stanford, KY 40484 Bancorp, Inc. (Bank holding
company)
Jill M. Martin P. O. Box 328 Secretary of First Southern
Secretary, Manager 99 Lancaster Street Bancorp, Inc. (Bank holding
Stanford, KY 40484 company)
Christopher Coldiron P. O. Box 328 Loan Officer and Vice President
Vice President 99 Lancaster Street of First Southern National
Stanford, KY 40484 Bank (Bank)
Ward F. Correll P. O. Box 129 Owner, Cumberland Lake Shell,
Manager 150 Railroad Drive Inc. (Gasoline wholesaler)
Somerset, KY 42502
Page 10 of 20
<PAGE> 11
David S. Downey P. O. Box 295 Regional CEO and Director of
Manager 102 West Main Street First Southern National Bank
Stanford, KY 40484 (Bank)
Douglas P. Ditto P. O. Box 328 Senior Vice President of First
Vice President, Manager 99 Lancaster Street Southern National Bank (Bank)
Stanford, KY 40484
John R. Ball P. O. Box 628 Regional CEO and Director of
Manager 27 Public Square First Southern National Bank
Lancaster, KY 40444 (Bank)
Gary Dick P. O. Box 489 Community CEO and Director of
Manager 216 North Main Street First Southern National Bank
Monticello, KY 42633 (Bank)
James P. Rousey 3060 Harrodsburg Regional CEO and Director of
Manager Lexington, KY 40503 First Southern National Bank
(Bank)
<F1> Mr. Correll also owns approximately 82% of the outstanding membership
interests of FSF.
Each of the above individuals is a citizen of the United States and
during the last five years, such individual (i) has not been convicted of a
criminal proceeding (excluding traffic violations or similar misdemeanors) nor
(ii) been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and, as a result of such proceeding was or is subject to
a judgment, decree or final order enjoining future violations of or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
FIRST SOUTHERN CAPITAL CORP., LLC (FSC) (a Kentucky limited liability company)
(a) The name of this Reporting Person is First Southern Capital
Corp., LLC.
(b) The state of organization of FSC is Kentucky.
(c) The principal business of FSC is an investment company. The
address of the principal office of FSC is P.O. Box 328, 99
Lancaster Street, Stanford, Kentucky 40484.
Page 11 of 20
<PAGE> 12
(d) During the last five years, FSC has not been convicted of a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, FSC was not a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction as a result of which FSBI was or is subject to a
judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect
to such laws.
Managers and Controlling Persons of FSC:
Name and Offices Present Principal Occupation or
HELD WITH FSF BUSINESS ADDRESS EMPLOYMENT
Jesse T. Correll P.O. Box 328 President and Director of
Manager 99 Lancaster Street First Southern Bancorp, Inc.
Stanford, KY 40484 (Bank holding company)
Randall L. Attkisson P.O. Box 328 Vice President, Treasurer and
Manager 99 Lancaster Street Director of First Southern
Stanford, KY 40484 Bancorp, Inc. (Bank holding
company)
The above individuals are citizens of the United States and
during the last five years, none of them (i) has been convicted of a criminal
proceeding (excluding traffic violations or similar misdemeanors) nor (ii) been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and, as a result of such proceeding, was or is subject to a
judgment, decree or final order enjoining future violations of or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
FIRST SOUTHERN INVESTMENTS, LLC (FSI) (a Kentucky limited liability company)
(a) The name of this Reporting Person is First Southern Investments,
LLC.
(b) The state of organization of FSI is Kentucky.
(c) The principal business of FSI is an investment company. The
address of the principal office of FSI is P.O. Box 328, 99
Lancaster Street, Stanford, Kentucky 40484.
Page 12of 20
<PAGE> 13
(d) During the last five years, FSI has not been convicted of a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, FSI was not a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction as a result of which FSBI was or is subject to a
judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to
such laws.
Executive Officer of FSI:
Name and Offices Present Principal Occupation or
HELD WITH BUSINESS ADDRESS EMPLOYMENT
Randall L. Attkisson P.O. Box 328 Vice President, Treasurer
President 99 Lancaster Street and Director of First Southern
Stanford, KY 40484 Bancorp, Inc. (Bank holding
company)
A list of the members of FSI is filed as Exhibit C to this Report and
is incorporated herein by reference.
Mr. Attkisson and the individuals identified on Exhibit C are citizens
of the United States and during the last five years, none of them (i) has been
convicted of a criminal proceeding (excluding traffic violations or similar
misdemeanors) nor (ii) been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and, as a result of such
proceeding, was or is subject to a judgment, decree or final order enjoining
future violations of or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not amended.
ITEM 4. PURPOSE OF TRANSACTION
Not amended.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The beneficial ownership of shares of the Common Stock by each
Reporting Person is as follows. Except where otherwise noted, each
Reporting Person has sole voting and dispositive power over the shares
shown as beneficially owned by it:
Page 13 of 20
<PAGE> 14
Reporting persons:
First Southern Bancorp, Inc. 1,217 shares 2.2%
First Southern Funding, LLC
First Southern Capital Corp., LLC
First Southern Investments, LLC
Total<F1> 1,217 shares 2.2%
Others:
United Trust Group, Inc.<F2> 43,547 shares<F2> 79.8%
<F1> The Reporting Persons have agreed in principle to act together
for the purpose of acquiring or holding equity securities of
UTI. Therefore, for purposes of this Schedule 13D, each may be
deemed to have acquired beneficial ownership of the equity
securities of FCC beneficially owned by each of the other
Reporting Persons. In addition, by virtue of his ownership of
voting securities of FSF and FSBI, Mr. Correll may be deemed
to beneficially own the total number of shares of Common Stock
owned by them, and may be deemed to share with them the right
to vote and to dispose of such shares. Mr. Correll owns
approximately 82% of the outstanding membership interests of
FSF; he owns directly approximately 22% and companies he
controls owns approximately 36% of the outstanding voting
stock of FSB. In addition, he is a manager of First Southern
Capital Corp., LLC and First Southern Funding, LLC.
<F2> On July 26, 1999, United Income, Inc. merged into United
Trust, Inc. ("UTI"), which changed its corporate name to
United Trust Group, Inc. Prior to the merger, United Income,
Inc. and UTI owned, collectively, 100% of the outstanding
stock of United Trust Group, Inc., which was the record owner
of 43,303 shares, and United Income, Inc. was the record owner
of 244 shares. All of these shares were transferred to UTI in
conjunction with the merger. Upon completion of the merger,
the Reporting Persons own, in the aggregate, approximately 33%
of the outstanding shares of UTI, as of July 26, 1999.
Beneficial ownership of these shares of Common Stock by the
Reporting Persons is disclaimed at this time. If these shares
were combined with shares owned by the Reporting Persons, they
would aggregate 44,764 shares.
ITEM 6: CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Not amended.
Page 14 of 20
<PAGE> 15
ITEM 7: MATERIAL TO BE FILED AS EXHIBITS
The following exhibits are filed with or incorporated by reference in
this Schedule 13D:
Exhibit A- Acquisition Agreement between FSF and UTI dated April 30, 1998,
as amended May 29, 1998, including the following exhibits
thereto: (i) Stock Purchase Agreement between FSF and Larry E.
Ryherd dated April 30, 1998; (ii) Convertible Note Purchase
Agreement between FSF and James E. Melville, George E. Francis,
Brad M. Wilson, Joseph H. Metzger, Theodore C. Miller, Michael K.
Borden and Patricia G. Fowler dated April 30, 1998; and (iii)
Option Agreement between FSF and UTI dated April 30, 1998
(incorporated by reference to Exhibit A to the Schedule 13D filed
by the Reporting Persons dated June 17, 1998, relating to the
common stock of United Trust, Inc. (Commission No. 0-16867))
Exhibit B- Agreement among Reporting Persons dated March 22, 1999 for the
filing of a single Schedule 13D pursuant to Rule 13d-l(f)(l)
(previously filed)
Exhibit C- Members of First Southern Investments, LLC
Exhibit D- Letter agreements and promissory note relating to the borrowing
of funds by FSB referenced in Item 3 (incorporated by reference
to Exhibit D to the Schedule 13D filed by the Reporting Persons
dated June 17, 1998, relating to the common stock of United
Trust, Inc. (Commission No. 0-16867))
Page 15 of 20
<PAGE> 16
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.
July 27, 1999 By: /s/ JESSE CORRELL
-------------------------------------
Jesse T. Correll
Attorney-in-Fact on behalf of each of the
Reporting Persons*
* Pursuant to the Agreement among Reporting Persons dated March 22 , 1999, for
the filing of a single Schedule 13D pursuant to Rule 13d-1-(f)(1), each
Reporting Person has authorized Jesse T. Correll to sign on behalf of such
Reporting Person any Schedule 13D or amendments thereto that are required to be
filed on behalf of the Reporting Persons to this Schedule 13D.
Page 16 of 20
<PAGE> 17
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
A* Acquisition Agreement between FSF and UTI dated April 30,
1998, as amended May 29, 1998, including the following
exhibits thereto: Stock Purchase Agreement between FSF and
Larry E. Ryherd dated April 30, 1998; Convertible Note
Purchase Agreement between FSF and James E. Melville, George
E. Francis, Brad M. Wilson, Joseph H. Metzger, Theodore C.
Miller, Michael K. Borden and Patricia G. Fowler dated April
30, 1998; and Option Agreement between FSF and UTI dated
April 30, 1998
B** Agreement among Reporting Persons dated March 22, 1999 for
the filing of a single Schedule 13D pursuant to Rule
13d-l(f)(l)
C Members of First Southern Investments, LLC
D* Letter agreements and promissory note relating to the
borrowing of funds by FSB referenced in Item 3 (incorporated
by reference to Exhibit D to the Schedule)
*Incorporated by reference to the Schedule 13D, dated June 17, 1998, filed by
the Reporting Persons relating to the common stock of United Trust, Inc.
(Commission No. 0-16867)
**Previously filed
<PAGE> 18
EXHIBIT C
MEMBERS OF FIRST SOUTHERN INVESTMENTS, L.L.C.
PRESENT PRINCIPAL OCCUPATION OR
NAME BUSINESS ADDRESS EMPLOYMENT
John Ball P. O. Box 628 Regional CEO & Director,
27 Public Square First Southern National Bank
Lancaster, KY 40444 (Bank)
Kathy Ball 3050 Rio Dosa Drive Registered Nurse, Charter Ridge
Lexington, KY 40509 Behavioral Health System
(Health Care Facility)
William R. Clark P. O. Box 628 Senior Vice President, First
27 Public Square Southern National Bank
Lancaster, KY 40444 (Bank)
McKinley Dailey P. O. Box 628 Loan Officer, First Southern
27 Public Square National Bank
Lancaster, KY 40444 (Bank)
Kim Dailey 937 Moberly Road Teacher, Mercer County High
Harrodsburg, KY 40330 School (Public School)
Tommy J. Davis P.O. Box 27 Vice President, First Southern
Main Street National Bank (Bank)
Hustonville, KY 40437
Joseph E. Hafley P. O. Box 328 Chief Lending Officer, First
99 Lancaster Street Southern Bancorp, Inc. (Bank
Stanford, KY 40484 Holding Company)
J. Paul Long, Jr. P. O. Box 295 Community CEO, First
102 West Main Street Southern National Bank (Bank)
Stanford, KY 40484
Jill Martin P. O. Box 328 Secretary, First Southern
99 Lancaster Street Bancorp, Inc. (Bank Holding
Stanford, KY 40484 Company)
Page 18 of 20
<PAGE> 19
G. Louis Mason II P. O. Box 328 Technology Manager, First
99 Lancaster Street Southern Bancorp, Inc. (Bank
Stanford, KY 40484 Holding Company)
Scott Morris P. O. Box 328 Accountant, First Southern
99 Lancaster Street Bancorp, Inc. (Bank Holding
Stanford, KY 40484 Company)
James P. Rousey 3060 Harrodsburg Regional CEO & Director, First
Lexington, KY 40503 Southern National Bank
(Bank)
John R. Swaim P.O. Box 430 City CEO, First Southern
204 Fairfield Drive National Bank - Nicholasville
Nicholasville, KY 40356 Office (Bank)
Becky Taylor 3060 Harrodsburg Road Vice President, First Southern
Lexington, KY 40503 National Bank (Bank)
Becky Taylor Custodian
for Matt 3060 Harrodsburg Road Vice President, First Southern
Taylor Lexington, KY 40503 National Bank (Bank)
Everett H. Taylor 1490 New Circle Road, NE Asst. Volvo Service Manager,
Lexington, KY 40509 Quantrell Cadillac (Car
Dealership)
Michael Taylor P. O. Box 328 Loan Officer, First Southern
99 Lancaster Street National Bank (Bank)
Stanford, KY 40484
Margaret Taylor 80 Lakeview Road Homemaker
Stanford, KY 40484
Robert M. Turok 3060 Harrodsburg Road Executive Vice President, First
Lexington, KY 40503 Southern National Bank (Bank)
Dennis Vaught P. O. Box 69 Senior Vice President,
Main Street First Southern National Bank
Paint Lick, KY 40461 (Bank)
Page 20 of 20
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Barbara Young P. O. Box 295 Executive Vice President, First
102 West Main Street Southern National Bank (Bank)
Stanford, KY 40484
