TODAYS BANCORP INC
SC 13G/A, 1996-02-14
STATE COMMERCIAL BANKS
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                                        OMB APPROVAL
                                        OMB Number:  3235-0145  
                                                                                
      


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                 SCHEDULE 13G/A


                    Under the Securities Exchange Act of 1934
                               (Amendment No. 3)*


                                 Today's Bancorp
                                (Name of Issuer)

                     Common Stock, $5.00 par value per share
                         (Title of Class of Securities)

                                   667 512 107
                                 (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 filed 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).


        1    NAME OF REPORTING PERSON
             S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Pioneer Financial Services, Inc.

        2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) ____   
                   
                                                                  (b) ____

            SEC USE ONLY


            CITIZENSHIP OR PLACE OF ORGANIZATION

            Delaware

                                  5  SOLE VOTING POWER    225,207
             Number of
             Shares
             Beneficially         6  SHARED VOTING POWER      0 
             Owned By Each
             Reporting            7  SOLE DISPOSITIVE POWER    225,207
             Person With

                                  8  SHARED DISPOSITIVE POWER   0


        9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            225,207

       10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
            CERTAIN SHARES*


       11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                                               
            8.21% as of 12/31/95
        
       12  TYPE OF REPORTING PERSON*

           HC

ITEM 1(A)      NAME OF ISSUER

               Today's Bancorp ("TDAY")

ITEM 1(B)      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

               50 West Douglas Street
               P. O. Box 30
               Freeport, Illinois 61032

ITEM 2(A)      NAME OF PERSON FILING

               This statement is being filed by Pioneer Financial Services, Inc.
               ("PFS"), a Delaware corporation, on behalf of  itself and Pioneer
               Life  Insurance  Company  of Illinois,  an  Illinois  corporation
               ("Pioneer Life"), which is a wholly-owned subsidiary of PFS.

ITEM 2(B)      ADDRESS OF PRINCIPAL BUSINESS OFFICE OF PIONEER LIFE AND PFS

               1750 East Golf Road
               Schaumburg, IL 60173

ITEM 2(C)      CITIZENSHIP

               PFS                 PIONEER LIFE
               Delaware            Illinois

ITEM 2(D)      TITLE OF CLASS OF SECURITIES

               This statement  is being filed with respect  to the common stock,
               par  value $5.00  per  share, of  Today's  Bancorp ("TDAY  Common
               Stock").

ITEM 2(E)      CUSIP NUMBER

               The CUSIP number of the NWIB Common Stock is 667 512 107.

ITEM 3         IF THIS STATEMENT  IS FILED  PURSUANT TO RULE  13D-1(B), OR  13D-
               2(B), CHECK WHETHER THE PERSON FILING IS A:

               (g)  Parent  Holding Company, in accordance with section 240.13d-
                    1(b)(ii)(G)

ITEM 4         OWNERSHIP

               (a)  Amount Beneficially Owned:

                    The number of shares beneficially owned by PFS is 225,207.

               (b)  Percent of Class:

                    The  225,207 shares  beneficially owned  by PFS  constitutes
                    approximately 8.21% of the outstanding shares of TDAY Common
                    Stock.

               (c)  The number of shares as to which PFS has: 

                    (i)       sole  power  to vote  or  to  direct the  vote  is
                              225,207;

                    (ii)      shares power to vote or to direct the vote is -0-;

                    (iii)     sole  power  to  dispose  or  to  direct  the
                              disposition is 225,207;

                    (iv)      shared  power   to  dispose   or  to   direct  the
                              disposition is -0-.

ITEM 5         OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

               Not Applicable

ITEM 6         OWNERSHIP OR 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

               See Exhibit A attached hereto.

ITEM 8         IDENTIFICATION AND CLASSIFICATION OF MEMBER OF THE GROUP

               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  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 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.


Date:  February 13, 1995


                                   PIONEER FINANCIAL SERVICES, INC.

                                   /s/ Peter W. Nauert

                                   PETER W. NAUERT, CEO & PRESIDENT



Attention:     Intentional misstatements or omissions of fact constitute Federal
               Criminal violations (See 18 U.S.C. 1001).




                                    EXHIBIT A

     The shares of TDAY Common Stock the ownership of which is being reported by
PFS on  this Schedule 13G were  acquired by its wholly-owned  subsidiary Pioneer
Life Insurance Company of Illinois ("Pioneer Life").   The Item 3 classification
of Pioneer Life is an  insurance company as defined  in section 3(a)(19) of  the
Securities Exchange Act of 1934, as amended.




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