SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _)
Peoples Financial Corporation
(Name of Issuer)
Common Shares
(Title of Class of Securities)
71103A 10 4
(CUSIP Number)
Cynthia A. Shafer,
Vorys, Sater, Seymour and Pease,
Suite 2100, Atrium Two,
221 East Fourth Street
Cincinnati, Ohio 45202
(513) 723-4009
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
11/21/97
(Date of Event which Requires Filing of this Statement)
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.
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SCHEDULE 13D
CUSIP NO. 71103A 10 4
1. NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF REPORTING PERSON:
Paul von Gunten
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
3. SEC USE ONLY:
4. SOURCE OF FUNDS:
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e):
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER: 64,997
8. SHARED VOTING POWER: 13,000
9. SOLE DISPOSITIVE POWER: 64,997
10. SHARED DISPOSITIVE POWER: 13,000
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
77,997
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
5.51%
14. TYPE OF REPORTING PERSON:
IN
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Item 1. Security and Issuer.
Common shares, no par value
Peoples Financial Corporation
211 Lincoln Way East
Massillon, Ohio 44646
Item 2. Identity and Background.
(a) Paul von Gunten
(b) 211 Lincoln Way East
Massillon, Ohio 44646
(c) President and Chief Executive Officer of Peoples
Financial Corporation and Peoples Federal Savings and
Loan Association of Massillon, 211 Lincoln Way East,
Massillon, Ohio 44646
(d) During the last five years, Mr. von Gunten has
not been convicted in a criminal proceeding.
(e) During the last five years, Mr. von Gunten has not
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction which
resulted in a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or finding any violation with respect
to such laws.
(f) Mr. von Gunten is a citizen of the United States of
America.
Item 3. Source and Amount of Funds and Other Consideration.
Mr. von Gunten purchased 17,200 shares on November 21, 1997,
with personal funds. He and his wife also purchased shares
with personal funds in connection with the initial public
offering by the issuer in September 1996. In 1996 and 1997,
Mr. von Gunten inherited shares from the estates of his
father and mother. Mr. von Gunten also holds 9,605 shares
through his 401(k) plan account.
Item 4. Purpose of Transaction.
The shares purchased by Mr. von Gunten were acquired for
investment.
Item 5. Interest in Securities of the Issuer.
(a) Mr. von Gunten beneficially owns 77,997 shares, which
is 5.51% of the total issued and outstanding common
shares of the issuer.
(b) Mr. von Gunten has sole voting and dispositive power
with respect to 64,997 shares and shared voting and
dispositive power with respect to 13,000 shares held
by Mr. von Gunten's spouse.
<PAGE>
Mr. von Gunten's wife is Dorothy von Gunten. Ms. von
Gunten is a citizen of the United States of America,
and during the past five years, Ms. von Gunten has
neither been convicted in a criminal proceeding nor
been a party to a civil proceeding of a judicial
administrative body of competent jurisdiction which
resulted in a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or finding any violation with respect
to such laws. Ms. von Gunten has the same address as
Mr. von Gunten and is a homemaker.
(c) Mr.von Gunten purchased 17,200 shares on November 21,
1997, for $14.4375 per share.
(d) Inapplicable.
(e) Inapplicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationships between Mr. von Gunten and any other person
with respect to any securities of the issuer.
Item 7. Material to be Filed as Exhibits.
None
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.
/s/ Paul von Gunten
Signature
Paul von Gunten
Name
12/19/97
Date
