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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
PATAPSCO VALLEY BANCSHARES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
70289P109
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(CUSIP Number)
CUSIP No. 70289P109 Schedule 13G
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION OF ABOVE PERSON
Carrollton Bancorp
52-1660951
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
Not Applicable (Filing being made pursuant to 1934 Act
Rule 13d-1(c)
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3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
5 SOLE VOTING POWER
74,832.03
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
74,832.03
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
74,832.03
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
Not applicable
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.50%
12 TYPE OF REPORTING PERSON
CO
ITEM 1.
(a) Name of Issuer:
Patapsco Valley Bancshares, Inc.
(b) Address of Issuer's Principal Executive Offices:
8593 Baltimore National Pike
Ellicott City, MD 21043
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ITEM 2.
(a) Name of Person Filing:
Carrollton Bancorp
(b) Address of Principal Business Office, if none, Residence:
344 North Charles Street
Suite 300
Baltimore, MD 21201
(c) Citizenship:
United States
(d) Title of Class of Securities:
Common Stock
(f) CUSIP Number:
70289P109
ITEM 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), 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.
(c) ---- Insurance Company as defined in Section 3(a)(19) of
the Act.
(d) ---- Insurance Company registered under Section 8 of the
Investment Company Act.
(e) ---- Investment Adviser registered under Section 203 of
the Investment Advisors Act of 1940.
(f) ---- Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1976 or Endowment Fund; see
240.13d-1(b)(1)(ii)(F).
(g) ---- Parent Holding Company, in accordance with
240.13d-1(b)(ii)(G). (Note: See Item 7.)
(h) ---- Group, in accordance with 240.13d-1(b)(1)(ii)(H).
Not Applicable; Filing is made pursuant to 1934 Act Rule 13d-1(c).
ITEM 4.
(a) Amount Beneficially Owned: See Row 9
(b) Percent of Class: See Row 11.
(c) Number of shares as to which such person has:
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(i) sole power to vote or to direct the vote: See Row 5.
(ii) shared power to vote or to direct the vote: See Row
6.
(iii) sole power to dispose or to direct the disposition
of: See Row 7.
(iv) shared power to dispose or to direct the disposition
of: See Row 8.
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
Not Applicable.
ITEM 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company
Not Applicable.
ITEM 8. Identification and Classification of Members of the Group
Not Applicable.
ITEM 9. Notice of Dissolution of Group
Not Applicable.
ITEM 10.
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 the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose or effect.
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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.
FEBRUARY 11, 1999
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Date
/S/ DALLAS R. ARTHUR
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Signature
DALLAS R. ARTHUR
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Name
President and Chief Executive
Officer
