SIFE TRUST FUND
SC 13G/A, 1996-02-14
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<PAGE>
                               UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549

                                SCHEDULE 13G

                 UNDER THE SECURITIES EXCHANGE ACT OF 1934
                          (AMENDMENT NO.    1  )*
                                         ------

                      CORPUS CHRISTI BANCSHARES, INC.
                     ----------------------------------
                              (Name of Issuer)

                       Common Stock, $5.00 par value
                     ----------------------------------
                       (Title of Class of Securities)

                                220072 10 2
                     ----------------------------------
                              (CUSIP Number)

   Check the  following box if a fee is being paid with this statement / /.  (A
fee is not required only if the filing person:  (1) has a previous statement on
file reporting  beneficial  ownership of more than five percent of the class of
securities  described in Item 1;  and (2)  has  filed no  amendment  subsequent
thereto reporting  beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

   *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 1 of  5  Pages
                                        ---

<PAGE>

CUSIP No. 220072 10 2                 13G                 PAGE  2  of  5  PAGES
          -----------                                          ---    ---

- -------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                           SIFE Trust Fund
- -------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a)  / /
                                                           (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC USE ONLY

- -------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

                             California
- -------------------------------------------------------------------------------
NUMBER OF SHARES              (5) SOLE VOTING POWER
 BENEFICIALLY                              49,100
 OWNED BY                    --------------------------------------------------
 EACH REPORTING               (6) SHARED VOTING POWER
 PERSON WITH
                             --------------------------------------------------
                              (7) SOLE DISPOSITIVE POWER
                                           49,100
                             --------------------------------------------------
                              (8) SHARED DISPOSITIVE POWER

- -------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                        49,100
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                        3.07% (See Attachment 13a)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*

                        IV
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!

                               PAGE 2 OF 5 PAGES

<PAGE>

                                                          PAGE  3  OF  5 PAGES


                                 ATTACHMENT 13A

     Percentage ownership is calculated based on the number of shares of $5.00
par value Common Stock outstanding as reported  in Corpus  Christi Bancshares,
Inc.'s quarterly report on Form 10-Q for the quarter ended September 30, 1995.

<PAGE>

                                  SCHEDULE 13G

                        RELATING TO THE COMMON STOCK OF
                        CORPUS CHRISTI BANCSHARES, INC.


ITEM 1(a).  NAME OF ISSUER:

        Corpus Christi Bancshares, Inc.

ITEM 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

         2402 Leopard Street, Corpus Christi, Texas 78408.

ITEM 2(a).  NAME OF PERSON FILING:

         SIFE TRust Fund, a California trust organized under the laws of the
         State of California.

ITEM 2(b).  ADDRESS OF PRINCIPAL BUSINESS OFFICE:

         490 North Wiget Lane, Walnut Creek, California 94598.

ITEM 2(c).  CITIZENSHIP:

         United States

ITEM 2(d).  TITLE OF CLASS OF SECURITIES:

         Common Stock, $5.00 par value.

ITEM 2(e).  CUSIP NUMBER

         220072 10 2

ITEM 3.  FILING PURSUANT TO RULE 13d-1(b).

         SIFE  Trust Fund is filing this Amendment No. 1 to Schedule 13G as an
Investment Company registered under Section 8 of the Investment Company Act of
1940, as amended.

ITEM 4.  OWNERSHIP.

         Not applicable.

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  5

<PAGE>

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.

ITEM 10. CERTIFICATION.

    By signing below I certify  that,  to the best of my  knowledge and belief,
the  securities  referred to above  were  acquired in the  ordinary  course  of
business and were not acquired for the purpose of and do not have the effect of
changing or  influencing the  control of the issuer of such securities and were
not acquired in  connection with or as a participant in any  transaction having
such purposes 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.

Date:  February 9, 1996

                                       SIFE TRUST FUND


                                       By:   /s/ Sam A. Marchese
                                            -----------------------------------
                                            Sam A. Marchese, President, Chief
                                            Executive Officer and Treasurer


                                 Page  5  of  5


<PAGE>

                                                              EXHIBIT 99

                               UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549

                                SCHEDULE 13G

                 UNDER THE SECURITIES EXCHANGE ACT OF 1934
                          (AMENDMENT NO.       )*
                                         ------

                      CORPUS CHRISTI BANCSHARES, INC.
                     ----------------------------------
                              (Name of Issuer)

                       Common Stock, $5.00 par value
                     ----------------------------------
                       (Title of Class of Securities)

                                220072 10 2
                     ----------------------------------
                              (CUSIP Number)

   Check the  following box if a fee is being paid with this statement /X/.  (A
fee is not required only if the filing person:  (1) has a previous statement on
file reporting  beneficial  ownership of more than five percent of the class of
securities  described in Item 1;  and (2)  has  filed no  amendment  subsequent
thereto reporting  beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

   *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 1 of  5  Pages
                                        ---

<PAGE>

                   [McCUTCHEN, DOYLE, BROWN & ENERSEN LETTERHEAD]



                                     January 25,1995


FEDERAL EXPRESS
- ---------------


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549


             SIFE TRUST FUND: CORPUS CHRISTI BANCSHARES, INC. SCHEDULE 13G


Ladies and Gentlemen:

         Enclosed for filing on behalf of SIFE Trust Fund please find one
manually executed and six copies of Schedule 13G relating to the Common Stock
of Corpus Christi Bancshares, Inc. A check for the $100 filing fee is also
enclosed.

         Please acknowledge receipt of the enclosed documents by
file-stamping the enclosed extra copy of this letter. I have provided a self-
adressed stamped envelope for your convenience.

         If your should have any questions concerning the enclosed, please
do not hesitate to contact me.


                                                   Very truly yours,

                                         McCUTCHEN, DOYLE, BROWN & ENERSEN

                                               By /s/ Laura F. Lee
                                                       Laura F. Lee


Enclosures

cc:     Chief Financial Officer, Corpus Christi Bancshares, Inc.
          (w/copy or Schedule 13G, by Certified Mail)
        Sam A. Marchese



<PAGE>

CUSIP No. 220072 10 2                 13G                 PAGE  2  of  5  PAGES
          -----------                                          ---    ---

- -------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                           SIFE Trust Fund
- -------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a)  / /
                                                           (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC USE ONLY

- -------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

                             California
- -------------------------------------------------------------------------------
NUMBER OF SHARES              (5) SOLE VOTING POWER
 BENEFICIALLY                              84,100
 OWNED BY                    --------------------------------------------------
 EACH REPORTING               (6) SHARED VOTING POWER
 PERSON WITH
                             --------------------------------------------------
                              (7) SOLE DISPOSITIVE POWER
                                           84,100
                             --------------------------------------------------
                              (8) SHARED DISPOSITIVE POWER

- -------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                        84,100
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                        5.26% (See Attachment 13a)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*

                        IV
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!

                               PAGE 2 OF 5 PAGES

<PAGE>

                                                          PAGE  3  OF  5 PAGES


                                 ATTACHMENT 13a

     Percentage ownership is calculated based on the number of shares of $5.00
par value Common Stock outstanding as reported  in Corpus Christi Bancshares,
Inc.'s quarterly report on Form 10-Q for the quarter ended September 30, 1994.

<PAGE>

                                  SCHEDULE 13G

                        RELATING TO THE COMMON STOCK OF
                        CORPUS CHRISTI BANCSHARES, INC.


ITEM 1(a).  NAME OF ISSUER:

        Corpus Christi Bancshares, Inc.

ITEM 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

         2402 Leopard Street, Corpus Christi, Texas 78408.

ITEM 2(a).  NAME OF PERSON FILING:

         SIFE TRust Fund, a California trust organized under the laws of the
         State of California.

ITEM 2(b).  ADDRESS OF PRINCIPAL BUSINESS OFFICE:

         490 North Wiget Lane, Walnut Creek, California 94598.

ITEM 2(c).  CITIZENSHIP:

         United States

ITEM 2(d).  TITLE OF CLASS OF SECURITIES:

         Common Stock, $5.00 par value.

ITEM 2(e).  CUSIP NUMBER

         220072 10 2

ITEM 3.  FILING PURSUANT TO RULE 13d-1(b).

         SIFE  Trust Fund is filing this Schedule 13G as an Investment
Company registered under Section 8 of the Investment Company Act of 1940,
as amended.

ITEM 4.  OWNERSHIP.

     If the percent of the class owned, as of December 31, 1994 exceeds five
percent, provide the following information as of that date and identify those
shares which there is a right to acquire.

        (a)    Amount beneficially owned:     84,100

        (b)    Percent of Class       5.26%



                             Page  4  of  5


<PAGE>

        (c)    See responses to Items 5, 6 and 7 on page 2.


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.

ITEM 10. CERTIFICATION.

    By signing below I certify that,  to the best of my knowledge and belief,
the securities referred to above (i) were acquired in the ordinary course
of business and were not acquired for the purpose of, and do not have the
effect of changing or influencing the control of the issuer of such
securities and (ii) were not acquired in connection with or as a participant
in any  transaction having such purposes 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.

Date:  January 23, 1996

                                       SIFE TRUST FUND


                                       By:   /s/ Sam A. Marchese
                                            -----------------------------------
                                            Sam A. Marchese,
                                            Executive Vice-President


                                 Page  5  of  5



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