UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _________)*
HIGH POINT FINANCIAL CORP.
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(Name of Issuer)
COMMON STOCK, NO PAR VALUE
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(Title of Class of Securities)
429711 10 4
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(CUSIP Number)
Stepen R. Tilton
211 Bellevue Avenue
Upper Montclair, NJ 07043
(973) 233-1600
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(Name, Address and Telephone Number of person
authorized to receive notices and communications)
October 20, 1998
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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
schedule because of [ss][ss]240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ]
(continued on following pages)
(page 1 of 4 pages)
<PAGE>
CUSIP No. 429711 10 4 SCHEDULE 13D Page 2 of 4 Pages
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1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Stephen R. Tilton
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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)
Personal Assets
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
United States
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7 Sole Voting Power
Number of
Shares
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting
Person --------------------------------------------------------
With 9 Sole Dispositive Power
--------------------------------------------------------
10 Shared Dispositive Power
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
191,800
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
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13 Percent of Class Represented By Amount in Row (11)
5.06%
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14 Type of Reporting Person*
IN
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(1) The Reporting Person disclaims beneficial ownership of such shares and
this Statement shall not be construed as an admission that the Reporting
Person is the beneficial owner of any securities covered by this
Statement.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 of 4 Pages
SCHEDULE 13D
Item 1. Security and Issuer
Common Stock, no par value
High Point Financial Corp.
Branchville Square
Branchville, New Jersey 07826
Item 2. Identity and Background
(a) Stephen R. Tilton
(b) 288 Upper Mountain Ave.
Upper Montclair, N.J. 07043
(c) Tilton Securities, LLC
Chairman
211 Bellevue Ave.
Upper Montclair, N.J. 07043
(d) No
(e) No
(f) United States
Item 3. Source and Amount of Funds or Other Consideration
Personal Assets
$1,916,033.40
Item 4. I consider this a strong community bank and potentially desire to seek a
board seat. In addition, provided there are favorable market conditions, I
intend to purchase additional shares and will file the appropriate 13d
amendments as required.
Item 5. Aggregate Shares of High Point Financial Corp. Common Stock:
191,800 shares for a 5.06% interest based upon outstanding shares of
3,786,480
Stephen R. Tilton: 190,900 shares owned outright
Kenneth B. Tilton: 900 shares held in custodial account controlled by
Stephen R. Tilton
(a) Kenneth B. Tilton
(b) 288 Upper Mountain Ave.
Upper Montclair, NJ 07043
(c) student
(d) No
(e) No
(f) United States
<PAGE>
Page 4 of 4 Pages
SIGNATURES
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.
October 29, 1998 HIGH POINT FINANCIAL CORP.
By: /s/ STEPHEN R. TILTON
------------------------------
Name: Stephen R. Tilton
