UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
Collective Bancorp, Inc.
(Name of Issuer)
Common Stock, Par Value $.01 per share
(Title of Class of Securities)
193901 10 5
(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).
SEC 1745 (2/92)
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CUSIP No. 193901 10 5 13G
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1 NAME OF REPORTING PERSON
S.S. or IRS IDENTIFICATION NO. OF ABOVE PERSON
Collective Bank
Employee Stock Ownership Plan and Trust
IRS ID No. 22-2235709
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
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(b)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Federally chartered savings bank's employee benefit plan organized
in New Jersey
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5 SOLE VOTING POWER
0
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
1,342,143
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON
1,342,143
WITH
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,342,143
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.58%
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12 TYPE OF REPORTING PERSON
EP
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Collective Bank
Employee Stock Ownership Plan and Trust
Item 1.(a) Name of Issuer
Collective Bancorp, Inc.
Item 1.(b) Address of Issuer's Principal Executive Office:
158 Philadelphia Avenue
Egg Harbor City, New Jersey 08215
Item 2.(a) Name of Person Filing:
Collective Bank
Employee Stock Ownership Plan and Trust
Item 2.(b) Address of Principal Business Office:
158 Philadelphia Avenue
Egg Harbor City, New Jersey 08215
Item 2.(c) Citizenship:
Federally chartered savings institution's employee
benefit plan organized in New Jersey.
Item 2.(d) Title of Class of Securities:
Common Stock, Par Value, $.01 per share
Item 2.(e) CUSIP Number 193901 10 5
Item 3. The person filing this Schedule 13-G is an
employee benefit plan which is subject to the
provisions of the Employee Retirement Income Security
Act of 1974.
Item 4.(a) As of December 31, 1996, the reporting person beneficially
and (b) owned 1,342,143 shares of the Common Stock of the issuer.
The number of shares represents 6.58% of the Common
Stock, Par Value, $.01 per share of the issuer based
upon 20,391,308 shares of such common stock
outstanding as of December 31, 1996.
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Item 4.(c) Number of Shares as to which the reporting person has:
(i) Sole power to vote or direct
the vote
0
(ii) Shared power to vote or to
direct the vote
1,342,143
(iii) Sole power to dispose or to
direct the disposition of
1,342,143
(iv) Shared power to dispose or to
direct the disposition of
0
Item 5. Not Applicable
Item 6. Not Applicable
Item 7. Not Applicable
Item 8. The reporting person is an employee benefit plan
subject to the provisions of the Employee Retirement
Income Security Act of 1974.
Item 9. 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.
February 14, 1997 PETER E. IACOBELLI
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Peter E. Iacobelli/Plan Administrator
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