CONFORMED 1.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 16, 1995
MARINE MIDLAND BANK (Formerly Marine Midland Bank, N.A.)
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(Exact name of registrant as specified in its charter)
MARINE MIDLAND HOME EQUITY LOAN TRUST 1991-A
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(Issuer with respect to the Certificates)
New York 33-36879 Applied for
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
One Marine Midland Center, Buffalo, New York 14240
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (716) 841-2424
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FORM 8-K 2.
ITEM 5. Other Events
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On behalf of Marine Midland Home Equity Loan Trust 1991-A
(the "Trust"), a trust created pursuant to the Pooling and Servicing
Agreement, dated as of June 1, 1991, between Marine Midland Bank
(the "Bank"), as transferor and servicer, and Manufacturer's and Traders
Trust Company, as trustee, the Bank has caused to be filed with the
Commission the September 1995 Monthly Servicing Certificate with respect
to the Trust. This Monthly Servicing Certificate is filed pursuant to and
in accordance with (1) a no-action request filed with the Commission by
Marine Midland Automotive Financial Corporation, originator of the
Marine Midland 1987-1 Trust, and the Bank, as servicer, and approved on
September 16, 1987, (2) numerous no-action letters already issued by
the Staff of the Commission with respect to trusts substantially
similar to the Trust and (3) current Commission policy in this area.
The filing of the Monthly Servicing Certificate will occur subsequent
to each monthly distribution to holders of the Trust's Home Equity
Loan Asset Backed Certificates.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
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(c) Exhibits
Exhibit No.
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28 Monthly Servicing Certificate of the
Trust for the month September 1995.
FORM 8-K 3.
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Marine Midland Bank
(Formerly Marine Midland Bank, N.A.)
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(Exact name as specified in registrant's charter)
Marine Midland Home Equity Loan Trust 1991-A
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(Issuer with respect to the Certificates)
Date: October 26, 1995 /s/ Gerald A. Ronning
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Gerald A. Ronning
Executive Vice President
& Controller
MARINE MIDLAND HOME EQUITY LOAN TRUST 1991-A
MONTHLY SERVICER'S CERTIFICATE
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FINAL REPORT
The undersigned, a duly authorized representative of
Marine Midland Bank, as Servicer ("Marine Midland") pursuant
to a Pooling and Servicing Agreement, dated as of June 27, 1991
(the "Agreement"), between Marine Midland Bank, as Transferor
and Servicer, and Manufacturers and Traders Trust Company, as Trustee,
does hereby certify as follows:
1. Capitalized terms used in the Monthly
Reports attached to this Certificate have
their respective meanings as set forth in
the Agreement.
2. Marine Midland Bank is, as of the date hereof,
the Servicer under the Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution
Date occurring on October 16, 1995. This distribution
is for the September, 1995 Collection Period.
5. No Early Amortization Event or Event of Servicing
Termination has occurred since the prior
Determination Date.
IN WITNESS WHEREOF, the undersigned has duly executed
and delivered this Certificate this 16th day of October, 1995.
MARINE MIDLAND BANK
as Servicer,
By:
John P. DeLuca Jr.
Servicing Officer
Page 1 of 4
MARINE MIDLAND HOME EQUITY LOAN TRUST 1991-A
MONTHLY SERVICING REPORT
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FINAL REPORT
Collection Period: September 1995 # of
Accounts Dollars
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Principal Balances Remaining:
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- Investor Certificate Principal Balance $0.00
- Transferor Principal Balance 287,923,896.61
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Total 10,481 $287,923,896.61
============ ===============
Aggregate Amount of Additional Balances
Created During Prior Collection Period: 0.00
Pool Factor 0.0000000
Allocation
Collections: Percentage Amount
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Principal
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- Investor Principal Collections 74.50574% $6,775,636.11
- Transferor Principal Collections 25.49426% 2,318,476.33
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Total Principal Collections 100.00000% $9,094,112.44
Interest
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- Investor Interest Collections 4.86865% $117,508.74
- Transferor Interest Collections 95.13135% 2,296,072.29
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Total Interest Collections 100.00000% $2,413,581.03
Total Collections $11,507,693.47
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Required Amount: $0.00
MARINE MIDLAND BANK Page 2 of 4
MARINE MIDLAND HOME EQUITY LOAN TRUST 1991-A
MONTHLY SERVICING REPORT
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Collection Period: September 1995 FINAL REPORT
Allocation
Liquidation Loss Amounts Percentage Amount
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Aggregate Investor Liquidation Loss Amount 4.86865% $0.00
Transferor Amount 95.13135% 0.00
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Aggregate Liquidation Loss Amount 100.00000% $0.00
============ ===========
- Investor Certificate Principal Balance $0.00
Loss Deduction Amounts Not Previously
Reimbursed
- Investor Principal Loss Interest Amount $0.00
- Accrued and Unpaid Investor Certificate
Principal Loss Interest Amount $0.00
- Investor Portion of Net Liquidation Proceeds $0.00
- Aggregate Unreimbursed Investor Certificate
Principal Balance Loss Deduction Amount $0.00
Loan
Number Balance
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Mortgage Loans in Foreclosure 0 $0.00
Book Value of Property Acquired 0 $0.00
through Foreclosure
# of Outstanding
Delinquencies: Accounts Dollars
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30-59 Days 166 $7,126,086.62
60-89 Days 32 1,224,300.80
Over 90 Days 54 3,558,962.56
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Total Contracts Delinquent 252 $11,909,349.98
============ ==============
Delinquencies ($'s) as a Percent of Outstandings 4.08%
Cumulative Net Charge offs as a % of Beginning Balance 0.35%
Page 3 of 4
MARINE MIDLAND HOME EQUITY LOAN TRUST 1991-A
MONTHLY SERVICING REPORT
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FINAL REPORT
Collection Period: September 1995
Investor Certificate Rate: 6.41%
Investor Monthly Servicing Fee $6,130.50
Amount
Distributions to Per $1,000
Investor Certificateholders Amount Certificate
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Investor Principal Collections $6,775,636.11 $16.93909
Aggregate Investor Liquidation Loss Amount 0.00 0.00000
Investor Certificate Interest 78,593.07 0.19648
Final Principal Payment by Transferor 7,462,955.14 18.65739
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Total Investor Certificate $14,317,184.32 $35.79296
Distribution Amount =============== =========
- - Current Period Unpaid Investor $0.00
Certificate Interest Shortfall
- - Distribution of Unpaid Investor $0.00
Certificate Interest Shortfall
- - Remaining Unpaid Investor $0.00
Certificate Interest Shortfall
- - Retransfer Deposit Amount to Be Distributed $0.00
to Investor Certificateholders
- - Accrued and Unpaid Investor Monthly Servicing
Fees for Previous Collection Periods $0.00
Distribution to Cash Collateral Depositor
for application in accordance with
the Cash Collateral Loan Agreement $32,785.17
Page 4 0f 4
MARINE MIDLAND HOME EQUITY LOAN TRUST 1991-A
MONTHLY SERVICING REPORT
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FINAL REPORT
Collection Period: September 1995
Cash Collateral Account
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Beginning Balance $14,250,000.00
Plus: Deposit to Cash Collateral Account 0.00
Less: Withdrawals 14,250,000.00
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Available Cash Collateral Amount $0.00
for Next Distribution Date: ==============
Available Cash Collateral Amount
as a Percent of Investor Certificate
Principal Balance N/A
