UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2
to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Drovers Bancshares Corporation
(Name of Issuer)
Common Stock ($5.00 par value)
(Title of Class of Securities)
205103-2621-2010
(CUSIP Number)
- --------------------------------------------------------------------------------
Mr. Dale C. Voorheis
Stewart Associates
1020 N. Hartley Street
P. O. Box 2587
York, Pennsylvania 17405
(717) 854-9581
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August - September, 1996
- --------------------------------------------------------------------------------
(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
schedule because of Rule 13d-1(b)(3) or (4), check the following box: |_|
- --------------------------------------------------------------------------------
Check the following box if a fee is being paid with this statement: |_|
- --------------------------------------------------------------------------------
Page 1 of 25 Pages
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 2 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Robert H. Stewart, Jr.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES 85,621
----------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 85,621
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
85,621
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.05% (calculated by dividing (i) the 85,621 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 3 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Karyl L. Gilbert
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES 85,311
----------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 85,311
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
85,311
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.04% (calculated by dividing (i) the 85,311 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 4 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Terrence S. Stewart
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES 85,620
----------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 14,872
----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 85,620
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 14,872
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,492
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.58% (calculated by dividing (i) the 100,492 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 5 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Gary A. Stewart
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES 86,598
----------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 86,598
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
86,598
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.08% (calculated by dividing (i) the 86,598 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 6 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Robert H. Stewart, III
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 7,436
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 7,436
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 7,436 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 7 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Leslie A. Stewart
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 7,436
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 7,436
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 7,436 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 8 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Karylee K. Wasilewski
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 7,436
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 7,436
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 7,436 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 9 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Vivian C. Gilbert
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 7,436
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 7,436
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 7,436 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 10 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Terrence S. Stewart, Jr.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 7,436
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 7,436
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 7,436 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 11 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Jennifer F. Stewart
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 7,436
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 7,436
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 7,436 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 12 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Gary M. Gilbert, II
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 7,436
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 7,436
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 7,436 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 13 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Robert W. Gilbert
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 7,436
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 7,436
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 7,436 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 14 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Gary A. Stewart, Jr.
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 8,026
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 8,026
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,026
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 8,026 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 15 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: Travis J. Stewart
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 8,026
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 8,026
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,026
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 8,026 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No.: 205103-2621-2010 Page 16 of 25 Pages
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON: David J. Stewart
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
|_|
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------- ----------------------------------------------------
NUMBER OF ( 7) SOLE VOTING POWER
SHARES 7,436
----------------------------------------------------
BENEFICIALLY ( 8) SHARED VOTING POWER
OWNED BY 0
----------------------------------------------------
EACH ( 9) SOLE DISPOSITIVE POWER
REPORTING 7,436
----------------------------------------------------
PERSON (10) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,436
- --------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1% (calculated by dividing (i) the 7,436 shares
beneficially owned by the Reporting Person by (ii) the
2,809,093 shares of Common Stock outstanding).
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer
The class of equity securities to which this amended statement on Schedule
13D (this "Statement") relates is the common stock, par value $5.00 per share
(the "Common Stock"), of Drovers Bancshares Corporation, a Pennsylvania bank
holding company (the "Issuer"), which has its principal executive offices at 30
South George Street, York, Pennsylvania 17401.
Item 2. Identity and Background
This Statement is being jointly filed on behalf of the following
individuals: Robert H. Stewart, Jr., Karyl L. Gilbert, Terrence S. Stewart and
Gary A. Stewart, Robert H. Stewart, III, Leslie A. Stewart, Karylee K. Gilbert,
Vivian C. Gilbert, Terrence S. Stewart, Jr., Jennifer F. Stewart, Gary M.
Gilbert, II, Robert W. Gilbert, Gary A. Stewart, Jr., Travis J. Stewart, and
David J. Stewart (collectively, the "Reporting Persons").
Attached as Exhibit 1 hereto and incorporated herein by reference is a list
of the Reporting Persons setting forth the following information with respect to
each such person: (i) name, (ii) business address, (iii) present principal
occupation or employment and the name and address of any corporation or other
organization in which such employment is conducted. Each person identified in
Exhibit 1 is a United States citizen.
During the last five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors) or has been subject to a judgment, decree or final order of a
judicial or administrative body of competent jurisdiction 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.
Information with respect to each Reporting Person is given solely by the
respective Reporting Person, and no Reporting Person has responsibility for the
accuracy or completeness of information supplied by another Reporting Person.
Item 3. Source and Amount of Funds or Other Consideration
The Reporting Persons acquired their securities of the Issuer from personal
funds or by gifts or bequeaths of the securities. No borrowing were made for the
purpose of acquiring the securities.
Item 4. Purpose of Transaction
The Reporting Persons acquired the securities of the Issuer as an
investment. The Reporting Persons anticipate influencing such control over the
Issuer as they deem necessary, convenient and proper to protect such investment.
In order to protect their investment, the Reporting Persons may deem it
necessary or convenient to acquire, directly, or through the Issuer, additional
securities of the Issuer.
Page 17 of 25 Pages
<PAGE>
Except as set forth above, the Reporting Persons do not have as of the date
hereof any plans or proposals which relate to or would result in: (a) the
acquisition by any person of additional securities of the Issuer or the
disposition of securities of the Issuer; (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation involving the
Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount
of assets of the Issuer or any of its subsidiaries; (d) any change in the
present board of directors or management of the Issuer, including any plans or
proposals to change the number or term of directors or to fill any existing
vacancies on the board of directors; (e) any material change in the present
capitalization or dividend policy of the Issuer; (f) any other material change
in the Issuer's business or corporate structure; (g) any changes in the Issuer's
charter, by-laws or instruments corresponding thereto or other actions which may
impede the acquisition of control of the Issuer by any person; (h) causing a
class of securities of the Issuer to be delisted from a national securities
exchange or to cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association; (i) causing a class of
securities of the Issuer to become eligible for termination of registration
pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to
any of those enumerated above. Notwithstanding anything to the contrary
contained herein, the Reporting Persons reserve the right to change their
present intentions with respect to the matters described in this paragraph.
In reaching any conclusion as to their future course of action, the
Reporting Persons will take into consideration various factors regarding the
Issuer, such as its business and prospects and general economic conditions and
money and stock market conditions.
Item 5. Interest in Securities of Issuer
According to information in the Issuer's Quarterly Report on Form 10-Q for
the period ended June 30, 1996, 2,809,093 shares of the Issuer's Common Stock
are issued and outstanding (the "Outstanding Shares"). This number of
Outstanding Shares reflects a 5-for-4 stock split in the form of a 25% stock
dividend payable August 16, 1996 to shareholders of record July 19, 1996. The
beneficial ownership of the Reporting Persons has been revised to reflect the
stock split.
As a group, the Reporting Persons beneficially own and have the sole or
shared power to vote and dispose of 440,999 shares. For purposes of Rule 13d-3
promulgated under the Exchange Act, the Reporting Persons may be deemed to
beneficially own approximately 15.7% of the shares, calculated by dividing (i)
the 440,999 shares by (ii) the 2,809.093 shares outstanding. Individually, each
Reporting Person beneficially owns and has the sole or shared power to vote and
dispose of the number and percentage of shares shown on the following table.
Page 18 of 25 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Percentage of
Reporting Person Beneficially Owned Outstanding Shares*
- ---------------- ------------------ ------------------
<S> <C> <C>
Robert H. Stewart, Jr. 85,621 3.05
Karyl L. Gilbert 85,311 3.04
Terrence S. Stewart 100,492*** 3.58
Gary A. Stewart 86,598 3.08
Robert H. Stewart, III 7,436 **
Leslie A. Stewart 7,436 **
Karylee K. Gilbert 7,436 **
Vivian C. Gilbert 7,436 **
Terrence S. Stewart, Jr. 7,436 **
Jennifer F. Stewart 7,436 **
Gary M. Gilbert, II 7,436 **
Robert W. Gilbert 7,436 **
Gary A. Stewart, Jr. 8,026 **
Travis J. Stewart 8,026 **
David J. Stewart 7,436 **
Total 440,999 15.7%
</TABLE>
- --------------------
*Based on the 2,809,093 shares of Drovers Bancshares Corporation Common Stock
outstanding as disclosed in the Issuer's Quarterly Report on Form 10-Q for
the quarter ended June 30, 1996.
**Less than 1%.
***Total includes 7,436 shares owned by each of Terrence S. Stewart's two mino
daughters.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
There are presently no contracts, arrangements, understandings or
relationships (legal or otherwise) among the persons filing this Statement, or
between such persons and any other person, with respect to any securities of the
Issuer, including, but not limited to, transfer or voting of any securities,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees or profits, division of profits or loss, or the giving or withholding
of proxies.
Item 7. Material to be filed as Exhibits
The Index of Exhibits attached to this Statement is incorporated herein
by reference in its entirety.
Page 19 of 25 Pages
<PAGE>
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.
/s/ ROBERT H. STEWART, JR.
------------------------------------
Robert H. Stewart, Jr.
/s/ KARYL L. GILBERT
------------------------------------
Karyl L. Gilbert
/s/ TERRENCE S. STEWART
------------------------------------
Terrence S. Stewart
/s/ GARY A. STEWART
------------------------------------
Gary A. Stewart
/s/ ROBERT H. STEWART, III
------------------------------------
Robert H. Stewart, III
/s/ LESLIE A. STEWART
------------------------------------
Leslie A. Stewart
/s/ KARYLEE K. WASILEWSKI
------------------------------------
Karylee K. Wasilewski
/s/ VIVIAN C. GILBERT
------------------------------------
Vivian C. Gilbert
/s/ TERRENCE S. STEWART, JR.
------------------------------------
Terrence S. Stewart, Jr.
<PAGE>
/s/ JENNIFER F. STEWART
------------------------------------
Jennifer F. Stewart
/s/ GARY M. GILBERT, II
------------------------------------
Gary M. Gilbert, II
/s/ ROBERT W. GILBERT
------------------------------------
Robert W. Gilbert
/s/ GARY A. STEWART, JR.
------------------------------------
Gary A. Stewart, Jr.
/s/ TRAVIS J. STEWART
------------------------------------
Travis J. Stewart
/s/ DAVID J. STEWART
------------------------------------
David J. Stewart
<PAGE>
INDEX OF EXHIBITS
Number Description Page
Exhibit 1 Information Concerning the Reporting Persons. 23-25
<PAGE>
EXHIBIT 1
The name, business address and principal occupation or employment of each
Reporting Person. Each of the natural persons listed below is a citizen of the
United States of America.
Name and Address of Employment Principal Occupation or Employment
Robert H. Stewart, Jr. President
York Building Products Co., Inc.
1020 N. Hartley Street
P. O. Box 1708
York, Pennsylvania 17405
Karyl L. Gilbert Corporate Secretary
York Building Products Co.,
1020 N. Hartley Street
P. O. Box 1708
York, Pennsylvania 17405
Terrence S. Stewart President
Westgate Chevrolet, Inc.
1200 Loucks Road
P. O. Box 7326
York, Pennsylvania 17404
Gary A. Stewart Managing Partner
Stewart Associates
1020 N. Hartley Street
P. O. Box 2587
York, Pennsylvania 17405
Robert H. Stewart, III Manager
York Building Products Co., Inc.
1020 N. Hartley Street
P. O. Box 1708
York, Pennsylvania 17405
Leslie A. Stewart Student
Box 1761
Gettysburg College
Gettysburg, Pennsylvania 17325
<PAGE>
Karylee K. Wasilewski Homemaker
8 St. Andrews Drive
Huntington, NY 11743
Vivian C. Gilbert Administrative Assistant
The Gaston Center for
East Asian Studies
George Washington University
2130 H Street, Suite 621
Washington, DC 20052
Terrence S. Stewart, Jr. Salesman
Physicians Leasing Co., Inc.
9456 Phillips Highway, No. 7
Jacksonville, Florida 32256
Jennifer F. Stewart Public Relations Manager
Hall International Partners, BV
Herengracht #471
1017 BS Amsterdam, Netherlands
Gary M. Gilbert, II Salesman
Westgate Chevrolet, Inc.
1200 Loucks Road
P. O. Box 7326
York, Pennsylvania 17404
Robert W. Gilbert Manager
Westgate Chevrolet, Inc.
1200 Loucks Road
P. O. Box 7326
York, Pennsylvania 17404
Gary A. Stewart, Jr. Student
Rollins College
Box 2041
1000 Holt Avenue
Winter Park, Florida 32789
<PAGE>
Travis J. Stewart Student
University of Colorado
Room 80
Baker Hall
Boulder, Colorado 80310
David J. Stewart Manager of Manufacturing
York Building Products Co., Inc.
1020 N. Hartley Street
P. O. Box 1708
York, Pennsylvania 17405
<PAGE>
