UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NUMBER 1)
MERCHANTS CAPITAL CORPORATION
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(Name of Issuer)
Common Stock, $5.00 Per Share Par Value
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(Title of Class of Securities)
553991142
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(CUSIP Number)
Cheryn L. Netz
Watkins Ludlam Winter & Stennis, P.A.
633 North State Street
Post Office Box 427
Jackson, MS 39205-0427
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices Communications)
January 17, 1996
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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 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. [ ]
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits, See Sections
240.13d-7(b) for other parties to whom copies are to be sent.
* 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 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).
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SCHEDULE 13D
CUSIP NO. 553991142
1. Names of Reporting Persons
I.R.S. Identification No. of Above Persons
(Entities Only)
Merchants Bank Trust Department as Executor of the J.E.
Blackburn Estate
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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
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4. Source of Funds* (See instructions)
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5. Check if Disclosure of Legal Proceeding is Required Pursuant
to Item 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
United States
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Number of 7. Sole Voting Power -0-
Shares ----------------------------------------
Beneficially 8. Shared Voting Power -0-
Owned by ----------------------------------------
Each 9. Sole Dispositive Power -0-
Reporting ----------------------------------------
Person With 10. Shared Dispositive Power -0-
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
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12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares (See instructions) [ ]
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13. Percent of Class Represented by Amount in Row (11) -0-
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14. Type of Reporting Person (See instructions) BK
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SCHEDULE 13D
CUSIP NO. 553991142
Item 1. Security and Issuer.
This statement relates to the common stock, par value $5.00 per share,
(herein after referred to as the "Common Stock"), of Merchants Capital
Corporation, Vicksburg, Mississippi (hereinafter referred to as the "Issuer").
The principal executive officers of the Issuer are as follows:
Mr. Howell N. Gage, Chairman
820 South Street
Vicksburg, Mississippi 39180
Mr. Joel H. Horton, President
829 South Street
Vicksburg, Mississippi 39180
James R. Wilkerson, Jr., Secretary
820 South Street
Vicksburg, Mississippi 39180
Item 2. Identity and Background.
Name: Merchants Bank, Trust Department, as Executor of
the J.E. Blackburn Estate, a national banking
association organized under the laws of the United
States.
Principal business and office address:
820 South Street
Vicksburg, Mississippi 39180
(d) Merchants Bank, N.A. Trust Department has not, during the last five
years, been convicted in any criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e) Merchants Bank, Trust Department has not, during the last five
years, been subject to a judgement, 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.
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<PAGE>
SCHEDULE 13D
CUSIP NO. 553991142
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable. The transfer of stock necessitating the filing of this
Schedule 13D is a result of the transfer of all of the Issuer Common Stock held
by the Bank to the Blackburn Marital Trust and Blackburn Residuary Trust on
January 17, 1996.
Item 4. Purpose of the Transaction.
See response to Item 3 above.
Item 5. Interests in Securities of the Issuer.
(a) Merchants Bank, Trust Department as Executor of the J.E.
Blackburn Estate beneficially owns 0 shares of the Issuer Common
Stock outstanding.
(b) Not applicable.
(c) No transactions in Issuer Common Stock were effected by
Merchants Bank Trust Department as Executor of the J. E. Blackburn
Estate during the past sixty days or since the most recent filing
of Schedule 13D.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of such
securities.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
Merchants Bank Trust Department as Executor of the J.E. Blackburn
Estate is not a party to any contract, arrangement, understanding or
relationship with respect to securities of the Issuer.
Item 7. Material Required to Be Filed as Exhibits.
None.
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SCHEDULE 13D
CUSIP NO. 553991142
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.
Merchants Bank Trust Department as
Executor of the J.E. Blackburn
Estate
By: /s/ Rita K. Jones
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Rita K. Jones
Trust Officer
Dated as of March 9, 1998
