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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
OR 15d-17 THEREUNDER
BT Financial Corporation
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(Exact name of issuer as specified in charter)
551 Main Street, Johnstown, Pennsylvania 15901
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(Address of principal executive offices)
Issuer's telephone number, including area code (814) 532-3801
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I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of five percent or
more in the number of shares outstanding:
1. Title of security Common Stock, par value $5.00 per share
2. Number of shares outstanding before the change 3,826,581
3. Number of shares outstanding after the change 4,038,581
4. Effective date of change June 13, 1996
5. Method of change: Specify method (such as merger,
acquisition, exchange, distribution, stock split, reverse
split, acquisition of stock for treasury, etc.)
Issuance of 212,000 shares as partial consideration for merger
Give brief description of transaction On June 13, 1996,
The Armstrong County Trust Company ("Armstrong") was merged
into Johnstown Bank and Trust Company, a wholly-owned
subsidiary of the issuer, and as a result, each share of
common stock of Armstrong was converted into the right to
receive $533.21 in cash and 26.5 shares of common stock of
the issuer. If all 8,000 shares of Armstrong's common stock
are exchanged, then up to 212,000 shares of the issuer's
common stock would be issued. The actual number that will
be issued will be smaller, because of the "cashing out" of
fractional shares of the common stock of the issuer.
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II. CHANGE IN NAME OF ISSUER
1. Name prior to change ______________________________________
2. Name after change _________________________________________
3. Effective date of charter amendment changing name _________
4. Date of shareholder approval of change, if required _______
Date June 24, 1996
------------------ /s/ John H. Anderson
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John H. Anderson, Chairman and Chief
Executive Officer
