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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
PAMRAPO BANCORP, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
697738102
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(CUSIP Number)
Marc P. Levy, Esq.
Muldoon, Murphy & Faucette LLP
5101 Wisconsin Avenue, N.W., Washington, D.C. 20016 (202) 362-0840
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 21, 1999
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(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 ss.ss.240.13(d)-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box |_|.
SEC 300 (07-98)
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SCHEDULE 13D
CUSIP No. 697738102 Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Richmond County Financial Corp. 06-1498455
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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
NUMBER OF 132,400
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 132,400
WITH ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
132,400 Shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /_/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11);
4.65%
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14 TYPE OF REPORTING PERSON
CO
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This Amendment amends the statement on Schedule 13D filed on March 23,
1999, relating to the common stock, par value $0.01 per share, of Pamrapo
Bancorp, Inc. ("Pamrapo"), a corporation organized under the laws of the state
of Delaware. Except as stated in this Amendment, there has been no change in the
information previously reported.
Item 5. Interest in Securities of the Issuer.
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(a) Richmond County beneficially owns 132,400 shares of Pamrapo common
stock or 4.65% of outstanding shares.
Michael F. Manzulli, Chief Executive Officer and Chairman of
Richmond County, owns 400 shares of Pamrapo common stock.
(b) Richmond County has sole power to vote or direct the vote and sole
power to dispose or direct the disposition of 132,400 shares of Pamrapo common
stock.
Mr. Manzulli has sole power to vote or direct the vote and sole power
to dispose or direct the disposition of 400 shares of Pamrapo common stock.
(c) On March 22, 1999, Bayonne was merged with and into Richmond County,
with Richmond County being the surviving corporation. Concurrent with such
merger, Richmond County acquired 83,100 shares of Pamrapo common stock,
constituting those shares held by Bayonne at the time of the merger. This caused
Richmond County's ownership to increase to over 5% of the voting shares of
Pamrapo. Because Section 1467(a)(10)(e) of the Home Owners' Loan Act prohibits a
savings and loan holding company from acquiring more than 5% of the voting
shares of another savings institution or savings and loan holding company that
is not a subsidiary, Richmond County had to reduce its ownership of Pamrapo
common stock. Accordingly, on April 21, 1999, Richmond County, through a broker,
sold 100,000 shares of Pamrapo common stock to Pamrapo at $23.69 per share.
(d) No person other than Richmond County has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
any shares of Pamrapo common stock that may be deemed beneficially owned by
Richmond County. No person other than Mr. Manzulli has the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the sale
of, any shares of Pamrapo common stock that may be deemed beneficially owned by
Mr. Manzulli.
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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.
RICHMOND COUNTY FINANCIAL CORP.
By: /s/ Michael F. Manzulli
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Michael F. Manzulli
President and Chief Executive Officer
Date: April 26, 1999
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