SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. __)*
UP Bancorp Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
915298-103
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(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-(c)
[_] Rule 13d-1(d)
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* 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).
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CUSIP No. 915298-103 13G Page 2 of 8 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Wilmington Trust Corporation
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware corporation
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NUMBER OF 5. SOLE VOTING POWER 400
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 76,300
OWNED BY ---------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 400
REPORTING ---------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER 76,300
WITH:
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
76,700
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [_] N/A
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%
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12. TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 915298-103 13G Page 3 of 8 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Wilmington Trust FSB
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Savings Bank
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NUMBER OF 5. SOLE VOTING POWER 400
SHARES -------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 76,300
OWNED BY -------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 400
REPORTING -------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER 76,300
WITH:
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
76,700
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [_] N/A
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%
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12. TYPE OF REPORTING PERSON*
BK
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 915298-103 13G Page 4 of 8 Pages
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Item 1(a). Name of Issuer:
UP Bancorp Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
4753 N. Broadway Street
Chicago, IL 60640
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Item 2(a). Name of Person Filing:
Wilmington Trust Corporation and
Wilmington Trust FSB
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Item 2(b). Address of Principal Business Office, or if None, Residence:
1100 North Market Street
Wilmington, DE 19890
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Item 2(c). Citizenship:
Wilmington Trust Corporation is a Delaware corporation; and
Wilmington Trust FSB is a Federal Savings Bank.
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Item 2(d). Title of Class of Securities:
Common Stock
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Item 2(e). CUSIP Number:
915298-103
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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [X] Bank as defined in Section 3(a)(6) of the Exchange Act.
Wilmington Trust FSB is a Bank and is a direct, wholly-owned
subsidiary of Wilmington Trust Corporation.
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CUSIP No. 915298-103 13G Page 5 of 8 Pages
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [_] Investment company registered under Section 8 of the
Investment Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [X] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
Wilmington Trust Corporation is a Parent Holding Company.
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [X] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Wilmington Trust Corporation and Wilmington Trust FSB are a Group.
If this statement is filed pursuant to Rule 13d-1(c), check this box. [_]
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Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Wilmington Trust Corporation: 76,700
Wilmington Trust FSB: 76,700
(b) Percent of class:
Wilmington Trust Corporation: 8.8%
Wilmington Trust FSB: 8.8%
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CUSIP No. 915298-103 13G Page 6 of 8 Pages
(c) Number of shares as to which Wilmington Trust Corporation has:
(i) Sole power to vote or to direct the vote
400
(ii) Shared power to vote or to direct the vote
76,300
(iii) Sole power to dispose or to direct the disposition of
400
(iv) Shared power to dispose or to direct the disposition of
76,300
Number of shares as to which Wilmington Trust FSB has:
(i) Sole power to vote or to direct the vote
400
(ii) Shared power to vote or to direct the vote
76,300
(iii) Sole power to dispose or to direct the disposition of
400
(iv) Shared power to dispose or to direct the disposition of
76,300
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Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
/ /
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CUSIP No. 915298-103 13G Page 7 of 8 Pages
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Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable.
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Wilmington Trust FSB: BK
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Item 8. Identification and Classification of Members of the Group.
Wilmington Trust Corporation: HC
Wilmington Trust FSB: BK
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Item 9. Notice of Dissolution of Group.
Not applicable.
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Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose or effect.
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CUSIP No. 915298-103 13G Page 8 of 8 Pages
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.
May 10, 1999 WILMINGTON TRUST CORPORATION
By: /s/ Thomas P. Collins
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Thomas P. Collins
Vice President and Secretary
WILMINGTON TRUST FSB
By: /s/ David L. Kloth
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David L. Kloth
Vice President
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
