SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Under the Securities Exchange Act of 1934)
(INITIAL FILING)
NEW ENGLAND COMMUNITY BANCORP
(Name of Issuer)
CLASS A COMMON STOCK
(Title of Class of Securities)
64389010
(Cusip Number)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this Schedule because of Rule 13d-1(b)(3) or (4), check the
following box [ ].
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 of 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.)
[Continued on the following page(s)]
Page 1 of 5 Pages
Page 2 or 4 Pages Cusip # 64389010
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1. Name of Reporting Person:
(Social Security or IRS Identification no. of above person):
Bay Pond Partners, L.P.
04-3217743
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2. Check the appropriate box if a member of a group
(a)( )
(b)( )
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3. SEC use only
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4. Source of Funds:
WC
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5. Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e): ( )
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6. Citizenship or place of organization
Delaware
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7. Sole Voting Power
0
Number of ---------------------------------------------
shares 8. Shared Voting Power
beneficially
owned by 161,000
each ---------------------------------------------
Reporting 9. Sole Dispositive Power
person
with 0
---------------------------------------------
10. Shared Dispositive Power
161,000
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11. Aggregate amount beneficially owned by each reporting person
161,000
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12. Check if the aggregate amount in row (11) excludes certain shares*
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13. Percent of class represented by amount in row (11):
5.06%
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14. Type of Reporting person
PN
Page 3 of 5 Pages Cusip #: 64389010
ITEM 1. SECURITY AND ISSUER
The common stock ("Common Stock") to which this Schedule relates to
is the Common Stock of NEW ENGLAND COMMUNITY BANCORP , a DELEWARE
corporation (the "Issuer"), whose principal executive office is located
at OLD WINDSOR MALL, P.O.BOX 130, WINDSOR CT 06095.
ITEM 2. IDENTITY AND BACKGROUND.
This Schedule is filed on behalf of Bay Pond Partners, L.P. ("Bay
Pond"), a Delaware limited partnership, Wellington Hedge Management Limited
Partnership ("WHMLP"), a Massachusetts limited partnership which is the
sole general partner of Bay Pond, and Wellington Hedge Management, Inc.
("WHM"), which is the sole general partner of WHMLP. WHM is a
Massachusetts corporation of which Robert W. Doran, John R. Ryan, and
Duncan M. McFarland serve as directors and are the sole stockholders, and
Messrs. Doran and McFarland serve as executive officers, serving as
Chairman and Vice Chairman, respectively. The business address for Bay
Pond, WHMLP, WHM and Messrs. Doran, McFarland and Ryan is located at 75
State Street, Boston, Massachusetts 02109.
Wellington Management Company is a Massachusetts general partnership
and is registered as an investment adviser under the Investment Advisers
Act of 1940. The business address is 75 State Street, Boston, MA 02109.
None of the persons or entities named above has, during the last five
years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors), nor during the last five years been a
party to a civil proceeding and as a result was or is subject to a judgment
decree, or final order of the type described in the instructions to Item 2
(e) of Schedule 13D. Messrs. Doran, Ryan and McFarland are United States
citizens.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Bay Pond is the beneficial owner of 161,000 shares of Common Stock of
the Issuer, for which it paid an aggregate of approximately $1,475,030.
The source of the consideration used for the purchase of such stock was
obtained from the working capital of Bay Pond, which in the normal course
of its business was comprised of equity contributed by partners and
earnings from their operations.
ITEM 4. PURPOSE OF TRANSACTION.
The acquisitions of shares of Common Stock described herein were made
for investment purposes.
ITEM 5 INTEREST IN SECURITIES OF THE ISSUER.
AGGREGATE NUMBER AND PERCENTAGE OF SECURITIES: Bay Pond owns
beneficially 161,000 shares of Common Stock of the Issuer (5.06% of
3,183,000 shares of such Common Stock outstanding). No other person
identified in Item 2 beneficially owns any securities of the Issuer.
POWER TO VOTE AND DISPOSE: Bay Pond shares voting power of and
dispositive power over the 161,000 shares of Common Stock of the Issuer
with Wellington Management Company, its investment adviser.
Page 4 of 5 Pages Cusip #: 64389010
ITEM 5. CONT'D.
Wellington Management Company is a Massachusetts general partnership
and is registered as an investment adviser under the Investment Advisers
Act of 1940. The business address is 75 State Street, Boston, MA 02109.
Wellington Management Company has not, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), nor during the last five years been a party to a
civil proceeding and as a result was or is subject to a judgment decree, or
final order of the type described in the instructions to Item 2 (e) of
Schedule 13D.
TRANSACTIONS WITHIN PAST 60 DAYS: In the past 60 days, Bay Pond
engaged in the following shares of the Issuer's Common Stock:
PURCHASES
DATE NO. OF SHARES PRICE PER SHARE EXCHANGE
5/23/96 10,600 11.000 OTC
SALES
DATE NO. OF SHARES PRICE PER SHARE EXCHANGE
CERTAIN RIGHTS OF OTHER PERSONS: None
DATE CEASED TO BE 5% OWNER: (Not Applicable)
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THEISSUER.
None
ITEM 7. MATERIALS TO BE FILED.
None
Page 5 of 5 Pages Cusip #: 64389010
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.
BAY POND PARTNERS, L.P.
By its general partner,
WELLINGTON HEDGE MANAGEMENT LIMITED PARTNERSHIP
By its general partner,
WELLINGTON HEDGE MANAGEMENT, INC.
By: ----//SARA LOU SHERMAN//-----------
Sara Lou Sherman, Assistant Vice President
