<PAGE>
-------------------------------
UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------------------
OMB Number: 3235-0145
Expires: October 31, 1997
Estimated average burden
hours per response.......14.90
-------------------------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
First Savings Financial Corp.
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, No Par Value
-------------------------------------------------------------------------------
(Title of Class of Securities)
33620B106000
----------------------------------------------------------------------
(CUSIP Number)
David L. Ward, Jr.
William R. Lathan, Jr.
Ward and Smith, P.A.
1001 College Court
New Bern, North Carolina 28562
(919) 633-1000
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
February 18, 1997
----------------------------------------------------------------------
(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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting 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.)
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 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
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).
<PAGE>
WSMAIN\199560
SCHEDULE 13D
- ---------------------------- ----------------------------
CUSIP NO. 33620B106000 PAGE 2 OF 18 PAGES
- ---------------------------- ----------------------------
- -------------------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Citizens BancShares, Inc.
56-1528994
- ------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3
SEC USE ONLY
- -------------------------------------------------------------------------------
4
SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 47,300
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------
8
SHARED VOTING POWER
68,200**
---------------------------------------------------
9
SOLE DISPOSITIVE POWER
47,300
---------------------------------------------------
10
SHARED DISPOSITIVE POWER
68,200**
- --------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,200**
- --------------------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.91%
- --------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
** CONSISTS OF THE TOTAL OF THE NUMBERS OF SHARES OF COMMON STOCK OF FIRST
SAVINGS FINANCIAL CORP. OWNED OF RECORD BY ALL REPORTING PERSONS IN THE AMOUNTS
LISTED IN ITEM 5 OF THE STATEMENT. BENEFICIAL OWNERSHIP OF SUCH SHARES IS
ATTRIBUTED TO ALL MEMBERS OF THE REPORTING GROUP PURSUANT TO RULE 13-d-5(b)(1)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "EXCHANGE ACT").
<PAGE>
SCHEDULE 13D
- ------------------------------ -------------------------------
CUSIP NO. 33620B106000 PAGE 3 OF 18 PAGES
- ------------------------------ -------------------------------
- -------------------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lewis R. Holding
###-##-####
- -------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[X]
(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
- ------------------------------------ -------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 10,000
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------
8
SHARED VOTING POWER
68,200**
---------------------------------------------------
9
SOLE DISPOSITIVE POWER
10,000
---------------------------------------------------
10
SHARED DISPOSITIVE POWER
68,200**
- --------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,200**
- --------------------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.91%
- --------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
** CONSISTS OF THE TOTAL OF THE NUMBERS OF SHARES OF COMMON STOCK OF FIRST
SAVINGS FINANCIAL CORP. OWNED OF RECORD BY ALL REPORTING PERSONS IN THE AMOUNTS
LISTED IN ITEM 5 OF THE STATEMENT. BENEFICIAL OWNERSHIP OF SUCH SHARES IS
ATTRIBUTED TO ALL MEMBERS OF THE REPORTING GROUP PURSUANT TO RULE 13-d-5(b)(1)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "EXCHANGE ACT").
<PAGE>
SCHEDULE 13D
- ------------------------------- ----------------------------------
CUSIP NO. 33620B106000 PAGE 4 OF 18 PAGES
- ------------------------------- ----------------------------------
- --------------------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank B. Holding
###-##-####
- --------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3
SEC USE ONLY
- --------------------------------------------------------------------------------
4
SOURCE OF FUNDS*
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------
8
SHARED VOTING POWER
68,200**
---------------------------------------------------
9
SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------
10
SHARED DISPOSITIVE POWER
68,200**
- --------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,200**
- --------------------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.91%
- --------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
** CONSISTS OF THE TOTAL OF THE NUMBERS OF SHARES OF COMMON STOCK OF FIRST
SAVINGS FINANCIAL CORP. OWNED OF RECORD BY ALL REPORTING PERSONS IN THE AMOUNTS
LISTED IN ITEM 5 OF THE STATEMENT. BENEFICIAL OWNERSHIP OF SUCH SHARES IS
ATTRIBUTED TO ALL MEMBERS OF THE REPORTING GROUP PURSUANT TO RULE 13-d-5(b)(1)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "EXCHANGE ACT").
<PAGE>
SCHEDULE 13D
- ------------------------------ -------------------------------
CUSIP NO. 33620B106000 PAGE 5 OF 18 PAGES
- ------------------------------ -------------------------------
- --------------------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ella Ann L. Holding
###-##-####
- --------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(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
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 1,000
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------
8
SHARED VOTING POWER
68,200**
---------------------------------------------------
9
SOLE DISPOSITIVE POWER
1,000
---------------------------------------------------
10
SHARED DISPOSITIVE POWER
68,200**
- --------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,200**
- --------------------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.91%
- --------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
** CONSISTS OF THE TOTAL OF THE NUMBERS OF SHARES OF COMMON STOCK OF FIRST
SAVINGS FINANCIAL CORP. OWNED OF RECORD BY ALL REPORTING PERSONS IN THE AMOUNTS
LISTED IN ITEM 5 OF THE STATEMENT. BENEFICIAL OWNERSHIP OF SUCH SHARES IS
ATTRIBUTED TO ALL MEMBERS OF THE REPORTING GROUP PURSUANT TO RULE 13-d-5(b)(1)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "EXCHANGE ACT").
<PAGE>
SCHEDULE 13D
- ------------------------------- -------------------------------
CUSIP NO. 33620B106000 PAGE 6 OF 18 PAGES
- ------------------------------- -------------------------------
- --------------------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank B. Holding, Jr.
###-##-####
- --------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(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
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 5,100
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------
8
SHARED VOTING POWER
68,200**
---------------------------------------------------
9
SOLE DISPOSITIVE POWER
5,100
---------------------------------------------------
10
SHARED DISPOSITIVE POWER
68,200**
- --------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,200**
- --------------------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.91%
- --------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
** CONSISTS OF THE TOTAL OF THE NUMBERS OF SHARES OF COMMON STOCK OF FIRST
SAVINGS FINANCIAL CORP. OWNED OF RECORD BY ALL REPORTING PERSONS IN THE AMOUNTS
LISTED IN ITEM 5 OF THE STATEMENT. BENEFICIAL OWNERSHIP OF SUCH SHARES IS
ATTRIBUTED TO ALL MEMBERS OF THE REPORTING GROUP PURSUANT TO RULE 13-d-5(b)(1)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "EXCHANGE ACT").
<PAGE>
SCHEDULE 13D
- ---------------------------- --------------------------------
CUSIP NO. 33620B106000 PAGE 7 OF 18 PAGES
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hope Holding Connell
###-##-####
- --------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(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
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 3,200
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------
8
SHARED VOTING POWER
68,200**
---------------------------------------------------
9
SOLE DISPOSITIVE POWER
3,200
---------------------------------------------------
10
SHARED DISPOSITIVE POWER
68,200**
- --------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,200**
- --------------------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.91%
- --------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
** CONSISTS OF THE TOTAL OF THE NUMBERS OF SHARES OF COMMON STOCK OF FIRST
SAVINGS FINANCIAL CORP. OWNED OF RECORD BY ALL REPORTING PERSONS IN THE AMOUNTS
LISTED IN ITEM 5 OF THE STATEMENT. BENEFICIAL OWNERSHIP OF SUCH SHARES IS
ATTRIBUTED TO ALL MEMBERS OF THE REPORTING GROUP PURSUANT TO RULE 13-d-5(b)(1)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "EXCHANGE ACT").
<PAGE>
SCHEDULE 13D
- ------------------------------ -------------------------------
CUSIP NO. 33620B106000 PAGE 8 OF 18 PAGES
- ------------------------------ -------------------------------
- --------------------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter M. Bristow
###-##-####
- --------------------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(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
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 1,600
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------
8
SHARED VOTING POWER
68,200**
---------------------------------------------------
9
SOLE DISPOSITIVE POWER
1,600
---------------------------------------------------
10
SHARED DISPOSITIVE POWER
68,200**
- --------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,200**
- --------------------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.91%
- --------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
** CONSISTS OF THE TOTAL OF THE NUMBERS OF SHARES OF COMMON STOCK OF FIRST
SAVINGS FINANCIAL CORP. OWNED OF RECORD BY ALL REPORTING PERSONS IN THE AMOUNTS
LISTED IN ITEM 5 OF THE STATEMENT. BENEFICIAL OWNERSHIP OF SUCH SHARES IS
ATTRIBUTED TO ALL MEMBERS OF THE REPORTING GROUP PURSUANT TO RULE 13-d-5(b)(1)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "EXCHANGE ACT").
<PAGE>
This Amendment No. 1 to Schedule 13D amends and supplements the
Schedule 13D filed by First Citizens BancShares, Inc., Lewis R. Holding, Frank
B. Holding and others, with the Securities and Exchange Commission (the
"Commission") on February 1, 1996 (as amended, the "Statement") by furnishing
the information set forth below.
This Schedule 13D constitutes the filing as a group of First Citizens
BancShares, Inc., Lewis R. Holding, Frank B. Holding, and certain members of
Frank B. Holding's family (collectively, the "Group"). The Group is filing this
Statement because they may be deemed to be a "Group" within the meaning of
Section 13(d)(3) of the Exchange Act.
ITEM 1. SECURITY AND ISSUER.
This Statement relates to the Common Stock, no par value per share (the
"Common Stock") of First Savings Financial Corp. (the "Issuer"), whose executive
offices are located at 501 South Main Street, Reidsville, North Carolina
27323-1885.
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(c) This Statement is filed by the persons and corporations
listed below:
(1) First Citizens BancShares, Inc. ("BancShares"), whose principal
business address is 3128 Smoketree Court, Raleigh, North Carolina 27604.
Set forth below are the names and residence or business address,
positions with BancShares, present principal occupation or employment, and the
name and principal address of any corporation or other organization in which
such employment is conducted, of the directors and executive officers of
BancShares:
<TABLE>
<CAPTION>
POSITION WITH PRINCIPAL OCCUPATION
NAME BANCSHARES AND ADDRESS
<S> <C> <C>
John M. Alexander, Jr. Director President and Chief Operating Officer
Cardinal International Trucks, Inc.
(truck dealer)
Post Office Box 26837
Raleigh, North Carolina 27611
Ted L. Bissett Director President, F.D. Bissett & Son, Inc.
(farm supplies)
Post Office Box 279
Spring Hope, North Carolina 27882
Kenneth A. Black Vice President, Group Vice President, Treasurer
Treasurer and and Chief Financial Officer
Chief Financial First-Citizens Bank & Trust Company
Officer Post Office Box 27131
Raleigh, North Carolina 27611-7131
9
<PAGE>
POSITION WITH PRINCIPAL OCCUPATION
NAME BANCSHARES AND ADDRESS
B. Irvin Boyle Director Attorney (of Counsel)
Johnston, Taylor, Allison & Hord
Post Office Box 36469
Charlotte, North Carolina 28236
George H. Broadrick Director, Consultant and Executive Committee
Chairman Chairman (retired President)
of Executive First-Citizens Bank & Trust Company
Committee and Post Office Box 31727
Consultant Charlotte, North Carolina 28231-1727
William J. Cathcart Group Vice Group Vice President/Trust Department
President of First-Citizens Bank & Trust Company
Subsidiary Post Office Box 27131
Raleigh, North Carolina 27611-7131
Joseph A. Cooper, Jr. Group Vice Group Vice President and
President Chief Information Officer
and Chief First-Citizens Bank & Trust Company
Information Post Office Box 29549
Officer of Raleigh, North Carolina 27626-0549
Subsidiary
H. Max Craig, Jr. Director President and Chairman
Gaston County Dyeing Machine Company
(textile machinery manufacturing)
Post Office Box 308
Stanley, North Carolina 28164
Wayne D. Duncan Executive Vice Executive Vice President
President of First-Citizens Bank & Trust Company
Subsidiary Post Office Box 29549
Raleigh, North Carolina 27626-0549
Betty M. Farnsworth Director Homemaker
Post Office Box 206
Pilot Mountain, North Carolina 27041
Lewis M. Fetterman Director President and Owner
LMF Marketing & Consulting Co.;
Assistant to President,
Heartland Enterprises, Inc.
(agribusiness)
Post Office Box 306
Clinton, North Carolina 28328
John R. Francis, Jr. Vice President; Executive Vice President
Executive Vice First-Citizens Bank & Trust Company
President of 3959 Electric Road, S.W.
Subsidiary Suite 305
Roanoke, Virginia 24018
Carmen P. Holding Director Director, First-Citizens Bank & Trust Company; former
Office Manager, Interweb, Inc. (internet web design)
18 Peachtree Circle, N.E.
Atlanta, Georgia 30309
Frank B. Holding Executive Vice Executive Vice Chairman
Chairman of First-Citizens Bank & Trust Company
the Board Post Office Box 1377
Smithfield, North Carolina 27577
Frank B. Holding, Jr. President and President and Chief
Director Administrative Officer
First-Citizens Bank & Trust Company
3128 Smoketree Court
Raleigh, North Carolina 27604
10
<PAGE>
POSITION WITH PRINCIPAL OCCUPATION
NAME BANCSHARES AND ADDRESS
Lewis R. Holding Chairman of Chairman of the Board
the Board First-Citizens Bank & Trust Company
3128 Smoketree Court
Raleigh, North Carolina 27604
Charles B. C. Holt Director Secretary and Treasurer
Holt Oil Company, Inc. (wholesale
petroleum products distributor)
Post Office Box 53157
Fayetteville, North Carolina 28305
Edwin A. Hubbard Director Retired businessman; former Chairman
and Co-Owner, Stroud-Hubbard
Company, Inc. (retail shoe company)
1805 Cool Springs Road
Sanford, North Carolina 27330
James B. Hyler, Jr. Vice Chairman Vice Chairman and Chief
of the Board Operating Officer
First-Citizens Bank & Trust Company
3128 Smoketree Court
Raleigh, North Carolina 27604
Gale D. Johnson, M.D. Director Retired Surgeon;
Director, Health Affairs
Campbell University
910 West Pope Street
Dunn, North Carolina 28334
Freeman R. Jones Director and President, EFC Corporation
Chairman of (real estate investment)
Salary 730 Morrison Road
Committee Midland, North Carolina 28107
Lucius S. Jones Director President and Owner, United Realty &
Construction Company, Inc.
(residential construction, sales
and development)
Post Office Box 128
Wendell, North Carolina 27591
I. B. Julian Director Retired bank executive
Post Office Box 789
Fayetteville, North Carolina 28302
Richard H. Lane Senior Vice Senior Vice President and
President and General Auditor
General Auditor First-Citizens Bank & Trust Company
of Subsidiary Post Office Box 27131
Raleigh, North Carolina 27611-7131
Alex G. MacFadyen, Jr. Secretary Group Vice President and Secretary
First-Citizens Bank & Trust Company
Post Office Box 27131
Raleigh, North Carolina 27611-7131
11
<PAGE>
POSITION WITH PRINCIPAL OCCUPATION
NAME BANCSHARES AND ADDRESS
William McKay Director Retired savings bank executive
4917 Howard Gap Road
Flat Rock, North Carolina 28731
Joseph T. Maloney, Jr. Director Private investor; retired businessman
Post Office Box 2504
Fayetteville, North Carolina 28302
J. Claude Mayo, Jr. Director Retired Owner, Mayo Insurance Agency
Post Office Box 1238
Rocky Mount, North Carolina 27802
Brent D. Nash Director; Senior Vice President
Senior Vice First-Citizens Bank & Trust Company
President of Post Office Box G
Subsidiary Tarboro, North Carolina 27886
Lewis T. Nunnelee, II Director Chairman of the Board
Coastal Beverage Company, Inc.
(wholesale beer distributor)
1919 South Live Oak Parkway
Wilmington, North Carolina 28403
William C. Orr Executive Vice Executive Vice President
President of First-Citizens Bank & Trust Company
Subsidiary Post Office Box 29549
Raleigh, North Carolina 27626-0549
James M. Parker Executive Vice Executive Vice President
President of First-Citizens Bank & Trust Company
Subsidiary Post Office Box 29549
Raleigh, North Carolina 27626-0549
Talbert O. Shaw, Ph.D. Director President, Shaw University
(educator)
118 E. South Street
Raleigh, North Carolina 27601
R. C. Soles, Jr. Director Attorney and Partner
Soles, Phipps, Ray,
Prince & Williford
Post Office Box 6
Tabor City, North Carolina 28463
David L. Ward, Jr. Director and Senior Attorney and President
Chairman of Ward and Smith, P.A.
Audit Committee 1001 College Court
New Bern, North Carolina 28563
Edward L. Willingham, IV Executive Vice Executive Vice President
President of First-Citizens Bank & Trust Company
Subsidiary Post Office Box 29549
Raleigh, North Carolina 27626-0549
J. Allen Woodward Executive Vice Executive Vice President
President of First-Citizens Bank & Trust Company
Subsidiary Post Office Box 31727
Charlotte, North Carolina 28231-1727
</TABLE>
12
<PAGE>
(2) Lewis R. Holding.
Lewis R. Holding's business or residence address, present principal
occupation or employment, and the name and principal address of any corporation
or other organization in which such employment is conducted, are as follows:
<TABLE>
<CAPTION>
POSITION WITH PRINCIPAL OCCUPATION
NAME BANCSHARES AND ADDRESS
<S> <C> <C>
Lewis R. Holding Chairman of the Chairman of the Board
Board First-Citizens Bank & Trust Company
3128 Smoketree Court
Raleigh, North Carolina 27604
</TABLE>
(3) Frank B. Holding and his family members named below.
The business or residence address, present principal occupation or
employment, and the name and principal address of any corporation or other
organization in which such employment is conducted for Frank B.
Holding, and for each named member of his family, are as follows:
<TABLE>
<CAPTION>
POSITION WITH PRINCIPAL OCCUPATION
NAME BANCSHARES AND ADDRESS
<S> <C> <C>
Frank B. Holding Executive Vice Executive Vice Chairman
Chairman First-Citizens Bank & Trust Company
Post Office Box 1377
Smithfield, North Carolina 27577
Ella Ann L. Holding None Homemaker
519 Rosewood Drive
Smithfield, North Carolina 27577
Frank B. Holding, Jr. President and President and Chief Administrative Officer
Director First-Citizens Bank & Trust Company
3128 Smoketree Court
Raleigh, North Carolina 27604
Hope Holding Connell Senior Vice Senior Vice President
President of First-Citizens Bank & Trust Company
Subsidiary Post Office Box 29550
239 Fayetteville Street Mall
Raleigh, North Carolina 27601
Peter M. Bristow None Vice President and City Executive
First-Citizens Bank and Trust Company
of South Carolina
2188 South Main Street
Summerville, South Carolina 29483
</TABLE>
(d) During the last five years, none of the persons or corporations
listed above has been convicted in any criminal proceedings (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, none of the persons or corporations
listed above has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a
13
<PAGE>
result of which he, she or it was or is subject to 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) Each of the natural persons listed above is a United States
citizen. BancShares is a Delaware-chartered bank holding company authorized to
do business in North Carolina. Its principal subsidiary is First-Citizens Bank &
Trust Company, a North Carolina-chartered bank.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Shares of Common Stock of the Issuer purchased by members of the Group
to date were purchased with cash. Any shares of Common Stock of the Issuer which
may be purchased by members of the Group following the date of this Statement
are expected to be purchased with cash or borrowed funds. Prior to the purchases
of the Common Stock by members of the Group, the natural persons who are members
of the Group had existing lines of credit which may be used in the future for
the purpose of purchasing shares of Common Stock of the Issuer. Any shares of
Common Stock which may be purchased by BancShares are expected to be purchased
with cash held by BancShares.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Statement is hereby amended to include the following
information:
BancShares has received from the Issuer's financial advisor, Trident
Financial Corporation ("Trident"), information regarding the Issuer that
BancShares could use in considering whether it desired to submit a proposal to
acquire the Issuer, and, if so, the terms and structure of that proposal. Based
upon its review of the information supplied by Trident, BancShares has submitted
to Trident a proposal to acquire the Issuer.
Under BancShares' proposal, the Issuer and its wholly owned savings
bank subsidiary, First Savings Bank of Rockingham County, would be acquired by
BancShares and each of the outstanding shares of the Issuer's Common Stock would
be converted into the right to receive $10.75 in cash.
Among other terms of the proposed transaction relating to the Issuer's
management and employees, FCB would enter into employment/consulting agreements
with two of the Issuer's senior officers, the Issuer's directors would become
paid local advisory directors for FCB for a period of five years, and existing
stock awards held by the Issuer's officers and directors would be paid out (at
the rate of $10.75 per share) or replaced with substantially equivalent
benefits.
The transaction would be subject to (i) negotiation and execution of a
definitive agreement, (ii) approval by the Issuer's
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Board of Directors and shareholders and by BancShares' Board of Directors, (iii)
receipt of all required regulatory approvals, and (iv) customary reviews by
BancShares of the Issuer's assets, corporate records, financial statements and
other such matters.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) As a group, the Group beneficially owns 68,200 shares of Common
Stock, constituting 6.91% of the outstanding Common Stock of the Issuer (based
on 986,321 shares outstanding). Set forth below are the number and percentage of
shares of Common Stock beneficially owned, and the nature of the ownership, for
each member of the Group as of the date hereof.
The shares listed herein as beneficially owned by the Group include:
(i) 1,000 shares (0.10%) held of record by Ella Ann L.
Holding (spouse of Frank B. Holding);
(ii) 5,100 shares (0.52%) held of record by Frank B.
Holding, Jr. (adult son of Frank B. Holding) as
Custodian U/NCUTMA for Frank B. Holding, III, Barbara
Perry Holding and Lewis Royall Holding, II;
(iii) 3,200 shares (0.32%) held of record by Hope Holding
Connell (adult daughter of Frank B. Holding) as
Custodian U/NCUTMA for Hewlette Collier Connell and
John Patrick Holding Connell;
(iv) 1,600 shares (0.16%) held of record by Peter N.
Bristow (son-in-law of Frank B. Holding) as Custodian
U/SCUGMA for Peter McDonald Bristow, Jr.;
(v) 10,000 shares (1.01%) held of record by Lewis R.
Holding; and,
(vi) 47,300 shares (4.80%) held of record by BancShares
(of which Lewis R. Holding is Chairman of the Board
and a major shareholder, Frank B. Holding is
Executive Vice Chairman of the Board and a major
shareholder, and Frank B. Holding, Jr. is President
and a director).
To the best of the knowledge of the Group, no directors or executive
officers of BancShares or FCB, other than Lewis R. Holding, Frank B. Holding,
and Frank B. Holding, Jr., beneficially own any shares of the Common Stock.
Lewis R. Holding exercises sole voting and dispositive power as to
10,000 shares, and he may be deemed to have shared voting and dispositive power
as to 47,300 shares held of record by BancShares. Ella Ann L. Holding, Frank B.
Holding, Jr., Hope Holding Connell, and Peter M. Bristow are the sister-in-law,
nephew, niece, and nephew-in-law, respectively, of Lewis R. Holding; however, he
disclaims beneficial ownership of the shares listed above that are
15
<PAGE>
held of record in the capacities indicated by those family members (all of whom
are adults with separate residences).
Frank B. Holding may be deemed to have shared voting and dispositive
power as to 47,300 shares held of record by BancShares and 1,000 shares held of
record by his spouse, Ella Ann L. Holding. Frank B. Holding, Jr., Hope Holding
Connell and Peter M. Bristow are the son, daughter and son-in-law, respectively,
of Frank B. Holding; however, he disclaims beneficial ownership of the shares
listed above that are held of record in the capacities indicated by those family
members (all of whom are adults with separate residences). Frank B. Holding also
disclaims beneficial ownership of the shares held of record by his spouse, Ella
Ann L. Holding.
(c) During the 60 days preceding the filing of this Amendment No. 1,
there have been no transactions in the Common Stock that were effected by
members of the Group.
(d) With the exception of the persons who are the holders of record of
the shares of Common Stock listed above, no other person is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares of Common Stock beneficially owned by
members of the Group.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Except as described herein, there are no contracts, agreements,
arrangements or relationships (legal or otherwise) between any member of the
Group and any other person with respect to any securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT A. Agreement among members of the Group with respect to
filing of the Statement.
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
FIRST CITIZENS BANCSHARES, INC.
February 18, 1997 By: /s/James B. Hyler, Jr.
_______________________________________
James B. Hyler, Jr., Vice Chairman
February 18, 1997 /s/Lewis R. Holding
____________________________________________
Lewis R. Holding
February 18, 1997 /s/Frank B. Holding
____________________________________________
Frank B. Holding
February 18, 1997 /s/Ella Ann L. Holding
____________________________________________
Ella Ann L. Holding
February 18, 1997 /s/Frank B. Holding, Jr.
____________________________________________
Frank B. Holding, Jr., as Custodian
U/NCUTMA for Frank B. Holding, III,
Barbara Perry Holding and
Lewis Royall Holding, II
February 18, 1997 /s/Hope Holding Connell
____________________________________________
Hope Holding Connell, as Custodian
U/NCUTMA for Hewlette Collier Connell
and John Patrick Holding Connell
February 18, 1997 /s/Peter M. Bristow
____________________________________________
Peter M. Bristow, as Custodian U/SCUGMA
for Peter McDonald Bristow, Jr.
<PAGE>
EXHIBIT A
Each of the undersigned agrees that the Amendment No. 1 to Schedule 13D dated
February 18, 1997 is being filed on their behalf with the Securities and
Exchange Commission.
FIRST CITIZENS BANCSHARES, INC.
/s/ James B. Hyler
February 18, 1997 By: _______________________________________
James B. Hyler, Jr., Vice Chairman
/s/ Lewis R. Holding
February 18, 1997 ____________________________________________
Lewis R. Holding
/s/ Frank B. Holding
February 18, 1997 ____________________________________________
Frank B. Holding
/s/ Ella Ann L. Holding
February 18, 1997 ____________________________________________
Ella Ann L. Holding
/s/ Frank B. Holding, Jr.
February 18, 1997 ____________________________________________
Frank B. Holding, Jr., as Custodian
U/NCUTMA for Frank B. Holding, III,
Barbara Perry Holding and Lewis Royall
Holding, II
/s/ Hope Holding Connell
February 18, 1997 ____________________________________________
Hope Holding Connell, as Custodian U/NCUTMA
for Hewlette Collier Connell and John
Patrick Holding Connell
/s/ Peter M. Bristow
February 18, 1997 ____________________________________________
Peter M. Bristow, as Custodian U/SCUGMA
for Peter McDonald Bristow, Jr.
