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CUSIP NO.892138 10 8 Page 1 of 5 Pages
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant to
Rule 13d-1(a) and Amendments Thereto Filed Pursuant to Rule 13d-2(a)
TOWNE FINANCIAL CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
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(Title of Class of Securities)
892138 10 8
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(CUSIP Number)
Kevin Houlihan, Esq.
Elias, Matz, Tiernan & Herrick L.L.P Thomas J. Noe
734 15th Street, N.W. 3348 Partridge Lake Court
Washington, D.C. 20005 Cincinnati, Ohio 45248
(202) 347-0300 (513) 574-8771
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(Name, Address, Telephone Number of Persons Authorized
to Receive Notices and Communications)
February 9, 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 Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box
[ ].
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CUSIP NO. 892138 10 8 Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
Thomas J. Noe
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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
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS PURSUANT TO ITEMS 2(d) or
2(e) [ ]
Not Applicable
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
15,739
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
VOTING POWER
-0-
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
15,739
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10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,739
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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)
7.5%
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14. TYPE OF REPORTING PERSON
IN
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CUSIP NO. 892138 10 8 Page 3 of 5 Pages
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Item 1. Security and Issuer
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This Schedule 13D relates to the common stock, par value $1.00 per share
(the "Common Stock"), of Towne Financial Corporation, an Ohio corporation (the
"Issuer"), whose principal executive offices are located at 4811 Cooper Road,
Cincinnati, Ohio 45242.
Item 2. Identity and Background
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(a-c) This Schedule 13D is filed by Thomas J. Noe. His residence
address is 3348 Partridge Lake Court, Cincinnati, Ohio 45248.
(d) During the past five years, Mr. Noe has not been convicted in a
criminal proceeding.
(e) During the past five years, Mr. Noe has not been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding 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 a finding of any violation with respect to
such laws.
(f) Mr. Noe is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration
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Thomas J. Noe used a total of $338,285.00 of his personal funds to purchase
9,951 shares of the Common Stock, at an average price of $34.00 per share,
during the period elapsed between February 9, 1999 and March 10, 1999. The
remaining 5,788 shares of Common Stock beneficially owned by Mr. Noe were
purchased over three years ago and such amount did not reach the 5% threshold
that requires reporting. The recent purchases of the 9,951 shares of Common
Stock have raised Mr. Noe's ownership level to 7.5% of the outstanding Common
Stock, necessitating the filing of this Schedule 13D.
Item 4. Purpose of Transaction
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Thomas J. Noe has acquired the Common Stock solely for investment
purposes. Depending on his evaluation of the Issuer, other investment
opportunities, market conditions, and such other factors as he may deem
material, Mr. Noe may seek to acquire additional shares of Common Stock in
the open market, in private transactions, or otherwise, or may dispose of all
or a portion of such shares of Common Stock owned by him.
Thomas J. Noe has no plans or proposals of the type referred to in clauses
(a) through (j) of Item 4 of Schedule 13D.
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CUSIP NO. 892138 10 8 Page 4 of 5 Pages
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Item 5. Interest in Securities of the Issuer
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(a) As of the date hereof, Thomas J. Noe owns 15,739 shares of Common
Stock, which represents 7.5% of the shares of Common Stock
outstanding.
(b) Thomas J. Noe has the sole power to vote and the sole power to
dispose of the 15,739 shares of Common Stock beneficially owned by
him.
(c) Except as already described herein, no other transactions in Common
Stock have been effected by Thomas J. Noe during the last 60 days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer
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Not applicable.
Item 7. Material to be Filed as Exhibits
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Not applicable.
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CUSIP NO. 892138 10 8 Page 5 of 5 Pages
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement on Schedule 13D is true, complete and correct.
By: /s/ Thomas J. Noe
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Thomas J. Noe
Date: March 11, 1999
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