SCHEDULE 13D
Reg 240.13d-101. Schedule 13D--Information to be include in
statements filed pursuant to 240.13d-1(a) and amendments
thereto filed pursuant to 240.13-d-2(a).
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No )*
Columbia Financial Corporation (Name of
Issuer)
23-2769539
- - -------------------------------------------------
Common Stock (Title
of Class of
Securities)
- - ------------------------------------------------
197642-10-1 (CUSIP
Number)
- - ------------------------------------------------
Theodore H. Reich, President
Woods Investment Company, Inc.
300 Market Street, PO Box 967
Williamsport PA 17703-0967
717-322-1111 (Name,
Address and
Telephone Number
of
Person
authorized to
Receive
Notices
and
Communications)
- - -------------------------------------------------
March 19, 1997 (Date of Event
which
Requires Filing of
this
Statement)
- - -------------------------------------------------
If the filing has previously filed a statement of Schedule 13G
to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13-d-1(b)(3)
or (4), check the following box [ ]
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
*The remainder of the 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 disclosures
provided in a prior cover page.
The information required on 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).
Cusip No.
197642-10-1
- - -----------------
1) Names of Reporting Persons S.S. or I.R.S Identification
Nos. Of Above Persons
Woods Investment Company, Inc.
23-2769539
- - ----------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
3) SEC Use Only
4) Source of Funds (See Instructions)
WC
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6) Citizenship or Place of Organization
DE
Number of (7) Sole Voting Power 40,398
Shares
Beneficially (8) Shared Voting Power N/A
Owned by (9) Sole Dispositive Power 40,398
Each
Reporting
Person With (10) Shared Dispositive Power N/A
11) Aggregate Amount Beneficially Owned by Each Reporting
Person
Woods Investment Company, Inc. 40,398
12) Check if the Aggregate Amount in Row (11) Excluded Certain
Shares (See Instructions)
N/A
13) Percent of Class Represented by Amount in Row (11)
6.39% of Common Stock
14) Type of Reporting Person (See Instructions)
CO
[Schedule 13D cover page amended in Release No. 34-37692
(85,845), effective October 7, 1996, 61 F.R. 49957.]
ITEM 1. SECURITY AND ISSUER.
Columbia Financial Corporation
11 West Main Street
Bloomsburg PA 17815
Common Stock
ITEM 2. IDENTITY AND BACKGROUND
Woods Investment Company, Inc.
Delaware, United States of America
Investment Holding Company
Principal Business Address
Corporation Trust Office
1209 Orange Street
Wilmington DE 19801
Address of Principal Office
Corporation Trust Center
1209 Orange Street
Wilmington DE 19801
Woods Investment Company, Inc. Has never been involved in any
criminal or civil proceedings
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Working Capital
ITEM 4. PURPOSE OF TRANSACTION.
This purchase was made for investment purposes only.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(A) Aggregate number of shares purchased of Columbia Financial
Corporation common stock - 40,398 which represents 6.39% of the
outstanding shares at December 31, 1996.
(B) Woods Investment Company, Inc. Has the sole voting and
dispositive power of the 40,398 beneficially owned shares of
the issuer.
(C) Woods Investment Company, Inc. purchased 35,748 shares of
common stock of Columbia Financial Corporation at $35.8125 on
3/19/97. Woods Investment Company executed this purchase
through a broker.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
After reasonable inquiry and to the best of m knowledge and
belied, I certify that the information set forth in this
statement is true, complete and correct.
March 21, 1997
- - -----------------------------
Date
______________________________
/s/ Theodore H. Reich
- - ------------------------------
Signature
Theodore H. Reich
President
- - -------------------------------
Name/Title
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his
authorized representative (other than an executive officer or
general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person
shall be filed with the statement, provided, however, that a
power of attorney for this purpose which is already on file
with the Commission may be incorporated by reference. The name
and any title of each person who signs the statement shall by
typed or printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OF OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
