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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-1(b))
Under the Securities Exchange Act of 1934
BT Financial Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
055763106
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(CUSIP Number)
*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. 055763106 13G Page 1 of 4 Pages
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Laurel Trust Company
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER 541,882,741
6 SHARED VOTING POWER 29,279.59
7 SOLE DISPOSITIVE POWER 571,162.3318
8 SHARED DISPOSITIVE POWER -0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
571,162.3318
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.14%
12 TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
BT Financial Corporation (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
551 Main Street
Johnstown, Pennsylvania 15901
Item 2(a) Name of Person Filing:
Laurel Trust Company
Item 2(b) Address of Principal Business Office:
551 Main Street
Johnstown, Pennsylvania 15901
Item 2(c) Citizenship:
United States of America
Item 2(d) Title of Class of Securities:
Common Stock, par value $5.00 per share ("Common Stock")
Item 2(e) CUSIP Number:
055763106
Item 3 If this statement is filed pursuant to (S)(S)240.13d-1(b) or
230.13d-2(b) or (c), check whether the person filing is a:
(b) Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
Item 4 Ownership.
(a) Amount Beneficially Owned:
As of December 31, 1997, the undersigned beneficially owned
571,162.3318 shares of Common Stock (9.14% of outstanding) all which
are held in a fiduciary capacity.
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(b) Percent of Class: 9.14%
(c) Number of shares of Common Stock as to which such person has:
(i) sole power to vote or to 541,882.741
direct the vote
(ii) shared power to vote or 29,279.59
to direct the vote
(iii) sole power to dispose or to 571,162.3318
direct the disposition of
(iv) shared power to dispose or -0-
to direct the disposition of
Item 5 Ownership of Five Percent or Less of a Class.
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another
Person.
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company.
Not Applicable
Item 8 Identification and Classification of Members of the Group.
Not Applicable
Item 9 Notice of Dissolution of Group.
Not Applicable
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Item 10 Certification.
(a) 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 purposes or effect.
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: March 27, 1998 LAUREL TRUST COMPANY
/s/ Kim Craig
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Kim Craig, President Laurel Trust Company
