SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
MICHIGAN FINANCIAL CORPORATION
(Name of Issuer)
COMMON
(Title of Class of Securities)
594480105
(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 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 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).
(Continued on following page(s))
Page 1 of 4 Pages
<PAGE>
CUSIP No. 13G Page 2 of 4 Pages
1. NAME OF REPORTING PERSON MCF FIRST NATIONAL BANK
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
38-2011528
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Marquette, MI
NUMBER 5. SOLE VOTING POWER 2,293,512.27
OF SHARES
BENEFICIALLY 6. SHARED VOTING POWER 996.00
OWNED BY EACH
REPORTING 7. SOLE DISPOSITIVE POWER 774,689.801
PERSON WITH
8. SHARED DISPOSITIVE POWER 44,142.96
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,339,926.27
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.808%
12. TYPE OF REPORTING PERSON*
BK
<PAGE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1(a) Name of Issuer
Michigan Financial Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
101 West Washington St.
Marquette, MI 49855
Item 2(a) Name of Person Filing:
MFC First National Bank
Item 2(b) Address of Principal Business Office or, if none, residence:
101 West Washington St.
Marquette, MI 49855
Item 2(c) Citizenship
Item 2(d) Title of Class of Securities
Common
Item 2(e) CUSIP No.
594480105
Item 3 Statement Filed Pursuant to Rules 13d-1(b) or 13d-2(b):
Item 4(a) Amount Beneficially Owned:
2,339,926.27
Item 4(b) Percent of Class:
39.808%
Item 4(c) Number of Shares as to Which Such Person has:
(i) sole power to vote or direct the vote
2,293,512.27
(ii) shared power to vote or to direct the vote
996.00
(iii) sole power to dispose or to direct the disposition of
774,689,801
(iv) shared power to dispose or to direct the disposition
of
44,142.96
Item 5 Ownership of Five Percent or Less of a Class:
Page 3 of 4 Pages
<PAGE>
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the Parent
Holding Company:
Item 8 Identification and Classification of Members of the Group:
Item 9 Notice of Dissolution of Group:
Item 10 Certification:
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 3, 1998
/s/ Ronald P. Maki
-----------------------------
Ronald P. Maki
Page 4 of 4 Pages
