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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Alliance Bancorp of New England
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(Name of Issuer)
Common Shares No Par Value
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(Title of Class of Securities)
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01852Q109
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(CUSIP Number)
J. Ellwood Towle, 12855 Flushing Meadow Drive, St. Louis, MO 63131
(314) 822-0204
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 1, 2000
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(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 which is the subject of this schedule 13D, and is filing this
scheduled because of Rule 13d-1(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with the statement [_]. (A fee
is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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
disclosures provided in a prior cover page.
The information required on 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).
(Continued on following page(s))
Page 1 of 5 Pages
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CUSIP No. 01852Q109 13D PAGE 2 of 5 PAGES
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NAMES OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Towle & Co.
EIN: 43-1238562
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4 00 (Clients of reporting Person)
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) or 2(e) [X]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6 Missouri
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SOLE VOTING POWER
7
NUMBER OF 39,997 Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
None
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING 39,997 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 90,235 shares for which reporting person has
discretionary authority
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
130,232 shares at 2/8/00
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 5.51% at 2/8/00 based on 2,365,623 outstanding shares reported by issuer
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TYPE OF REPORTING PERSON*
14 1A (investment advisor)
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 5 Pages
Item 1 (a) Name of Issuer:
Alliance Bancorp of New England
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Item 1 (b) Address of Issuer's Principal Executive Offices
348 Hartford Turnpike, P.O. Box 2588, Vernon, CT 06066
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Item 2 (a) Name of Person Filing:
Towle & Co.
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Item 2 (b) Address of Principal Business Office
St. Louis, Missouri 63131
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Item 2 (c) Citizenship:
Missouri Corporation
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Item 2 (d) Title of Class of Securities:
Common Shares
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Item 2 (e) CUSIP Number:
01852Q109
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Item 3 If this statement is filled pursuant to Rules 13d-1 (b) or 13d-2 (b),
check whether the person filing is a:
(a) ( ) Broker or Dealer registered under Section 15 of the Act.
(b) ( ) Bank as defined in Section 3 (a) (6) of the Act.
(c) ( ) Insurance Company as defined in Section 3 (a) (19) of the Act.
(d) ( ) Investment Company registered under Section 8 of the Investment
Company Act.
(e) (x) Investment Advisor registered under Section 203 of the Investment
Advisors Act of 1940.
(f) ( ) Employee Benefit Plan, Pension fund which is subject to the provisions
of the Employee Retirement Income Security Act of 1974 or Endowment
Fund: see S240, 13d-1 (b) (1) (ii) (F).
(g) ( ) Parent Holding Company, in accordance with S 240, 13d-1 (b) (ii) (G)
(Note: See Item 7)
(h) ( ) Group, in accordance with S 240.13d-1 (b) (1) (ii) (H).
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Page 4 of 5 Pages
Item 4. Ownership
(a) Amount Beneficially Owned
130,232 shares
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(b) Percent of Class:
5.51 %
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 39,997 shares
(ii) shared power to vote or to direct the vote none
(iii) sole power to dispose or to direct the disposition of 39,997
shares
(iv) shared power to dispose or to direct the disposition of 130,232
shares for which reporting person has discretionary authority.
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Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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Item 6. Ownership of more than Five Percent on Behalf of Another Person.
Towle & Co. is an investment advisory firm. We have purchased
Alliance Bancorp of New England stock for many of our suitable
investment accounts. All shares are held by brokers.
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Item 7. Identification and Classification of Members of the Group.
Not Applicable
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Item 8. 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 9. 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.
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Page 5 of 5 Pages
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 10, 2000
/s/ J. Ellwood Towle, President
