UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. TWO)*
BT Financial Corporation
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
055763106
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1999
- --------------------------------------------------------------------------------
(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-1(c)
[ ] Rule 13d-1(d)
*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).
<PAGE>
CUSIP No. 055763106
----------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. 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
Pennsylvania
----------------------------------------------------------------------------
5. Sole Voting Power 720,915
Number of ------------------------------------------------------
Shares
Beneficially 6. Shared Voting Power 69,542
Owned by ------------------------------------------------------
Each
Reporting 7. Sole Dispositive Power 790,457
Person With ------------------------------------------------------
8. Shared Dispositive Power 0
----------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
790,457
----------------------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares* [ ]
----------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
4.74%
----------------------------------------------------------------------------
12. Type of Reporting Person*
BK
----------------------------------------------------------------------------
Page 2 of Page 5
<PAGE>
Item 1.
(a) Name of Issuer:
BT Financial Corporation (the "Issuer")
-------------------------------------------------------
(b) Address of Issuer's Principal Executive Offices:
551 Main Street
Johnstown, Pennsylvania 15901
-------------------------------------------------------
Item 2.
(a) Name of Person Filing:
Laurel Trust Company
-------------------------------------------------------
(b) Address of Principal Business Office or, if none,
Residence:
551 Main Street
Johnstown, Pennsylvania 15901
-------------------------------------------------------
(c) Citizenship:
Pennsylvania
-------------------------------------------------------
(d) Title of Class of Securities:
Common Stock, par value $5.00 per share("Common Stock")
-------------------------------------------------------
(e) CUSIP Number:
055763106
-------------------------------------------------------
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act (15
U.S.C. 78o);
(b) [ X ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15
U.S.C. 78c);
(d) [ ] Investment company registered under Section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8);
Page 3 of Page 5
<PAGE>
(e) [ ] An investment adviser in accordance with ss.ss.240.13d-1(b)(l)
(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
ss.ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
ss.ss.240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance withss.ss.240.13d-1((b)(l)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
As of December 31, 1999, the undersigned beneficially owned 790,457
shares of Common Stock (4.74% of the outstanding shares of common
stock), all of which are held in a fiduciary capacity.
(b) Percent of class: 4.74%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to 720,915
direct the vote ----------
(ii) Shared power to vote or 69,542
to direct the vote ----------
(iii) Sole power to dispose or to 790,457
direct the disposition of ----------
(iv) Shared power to dispose or to 0
direct the disposition of ----------
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 [ X ]
Page 4 of Page 5
<PAGE>
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Inapplicable.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of Group.
Inapplicable.
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.
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.
February 14, 2000
------------------------------
Date
/s/ Kim Craig
------------------------------
Signature
Kim Craig, President and Chief
Operating Officer
------------------------------
Name/Title
Page 5 of Page 5
