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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)
FIRSTBANK CORPORATION
(Name of Issuer)
FIRSTBANK CORPORATION COMMON STOCK
(Title of Class of Securities)
337-61G-104
(CUSIP Number)
DECEMBER 31, 1998 - CALENDAR YEAR END
(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)
<F*>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).
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CUSIP No. 337-61G-104 13G
1. Name of Reporting Persons
I.R.S. Identification No. of above Persons (entities only)
FIRSTBANK CORPORATION
38-2633910
2. Check the Appropriate Box if a Member of a Group (a) X
(See Instructions) (b) _
3. SEC USE ONLY
4. Citizenship or place of Organization - MICHIGAN
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER - 34,848
6. SHARED VOTING POWER - 354,220
7. SOLE DISPOSITIVE POWER - 34,848
8. SHARED DISPOSITIVE POWER - 354,220
9. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON - 389,068
10. CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES- _________
(See Instructions)
11. PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9 [Round off to nearest tenth] - 8.6%
12. TYPE OF REPORTING PERSON (See Instructions) - HC
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CUSIP No. 337-61G-104 13G
1. Name of Reporting Person
I.R.S. Identification No. of above Person (entities only)
BANK OF ALMA
38-2633911
2. Check the Appropriate Box if a Member of a Group (a) X
(b) _
3. SEC USE ONLY
4. Citizenship or place of Organization - MICHIGAN
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER - 34,848
6. SHARED VOTING POWER - 354,220
7. SOLE DISPOSITIVE POWER - 34,848
8. SHARED DISPOSITIVE POWER - 354,220
9. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON - 389,068
10. CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES- _________
11. PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9 [Round off to nearest tenth] - 8.6%
12. TYPE OF REPORTING PERSON (See Instructions) - BK
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ITEM 1 (a) NAME OF ISSUER:
Firstbank Corporation
ITEM 1 (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
311 Woodworth Avenue
Alma, Michigan 48801
ITEM 2 (a) NAME OF PERSONS FILING:
Firstbank Corporation
Bank of Alma
ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Firstbank Corporation
311 Woodworth Avenue
Alma, Michigan 48801
Bank of Alma
311 Woodworth Avenue
Alma, Michigan 48801
ITEM 2 (c) CITIZENSHIP:
Firstbank Corporation is a Michigan business corporation.
Bank of Alma is a Michigan banking corporation.
ITEM 2 (d) TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2 (e) CUSIP NUMBER:
337-61G-104
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-
2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
(a)/_/ Broker or dealer registered under Section 15 of the
Act.
(b)/_/ Bank as defined in Section 3(a)(6) of the Act.
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(c)/_/ Insurance Company as defined in Section 3(a)(19) of the
Act.
(d)/_/ Investment Company registered under Section 8 of the
Investment Company Act.
(e)/_/ Investment Adviser in accordance with Rule 13d-
1(b)(1)(ii)(E).
(f)/_/ Employee Benefit Plan or Endowment Fund in accordance
with Rule 13d-1(b)(1)(ii)(F).
(g)/_/ Parent Holding Company or Control Person in accordance
with Rule 13d-1(b)(ii)(G); (Note: See Item 7).
(h)/_/ Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act.
(i)/_/ Church plan that is excluded from the definition of an
Investment Company under Section 3(c)(14) of the
Investment Company Act.
(j)/X/ Group, in accordance with Rule 13d-1(b)(l)(ii)(J).
ITEM 4 OWNERSHIP:
FIRSTBANK CORPORATION:
(a) Amount beneficially owned: 389,068
(b) Percent of class: 8.6%
(c) Number of shares to which such person has:
(i) Sole power to vote or to direct the vote: 34,848
(ii) Shared power to vote or to direct the
vote: 354,220
(iii) Sole power to dispose or to direct
the disposition of: 34,848
(iv) Shared power to dispose or to direct
the disposition of: 354,220
Shares beneficially owned by Firstbank Corporation include only
shares owned by its subsidiary, Bank of Alma.
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BANK OF ALMA:
(a) Amount beneficially owned: 389,068
(b) Percent of class: 8.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 34,848
(ii) shared power to vote or to direct the
vote: 354,220
(iii) sole power to dispose or to direct
the disposition of: 34,848
(iv) shared power to dispose or to direct
the disposition of 354,220
The filing of this schedule shall not be construed as an
admission or evidence that the person filing is, for any
purposes, including the purposes of Section 13(d) or 13(g) of
the Act, the beneficial owner of any securities covered by this
schedule.
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:
The securities covered by this schedule are held in trust and
other fiduciary capacities by Bank of Alma. The right to
receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, such securities is held by
various trusts, grantors, beneficiaries and customers, none of
whom has such right or power with respect to more than five
percent of the class of such securities.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not Applicable.
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ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
See attached Exhibit 1.
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 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 securities and were not acquired and are not held in connection with or
as a participant in any transaction having such 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 5, 1999 BANK OF ALMA
By /S/ MARY D. DECI
Mary D. Deci
Senior Vice President, Controller,
and Chief Financial Officer
FIRSTBANK CORPORATION
By /S/ MARY D. DECI
Mary D. Deci
Vice President, Secretary, Treasurer,
and Chief Financial Officer
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EXHIBIT 1
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IDENTIFICATION OF SUBSIDIARY ITEM 3 CLASSIFICATION
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<S> <C>
Firstbank Corporation Parent Holding Company, in
accordance with Rule 13d-1
(b)(ii)(G)
Bank of Alma Bank, as defined in Section
3(a)(6) of the Act
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