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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.___)
TOWNE FINANCIAL CORPORATION
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(Name of Issuer)
Common Shares, $1.00 Par Value
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(Title of Class of Securities)
892138108
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(CUSIP Number)
Richard J. Valleau, 537 E. Pete Rose Way, Suite 400 Cincinnati, OH 45202
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(513) 852-8200
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 4, 1997
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e) Rule 13d-1(f) or Rule 13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to who 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).
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CUSIP No. 892138108
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1) Names of Reporting Persons I. R. S. Identification Nos. of Above
Persons
Daniel H. Hosbrook
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2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) ________
(b) ________
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3) SEC Use Only _____________________________
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4) Source of Funds (See Instructions) NA
----
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5) Check 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 United States of America
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As of May 7, 1999:
Number of Shares (7) Sole Voting Power 20,700
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Beneficially Owned (8) Shared Voting Power 0
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by Each Reporting (9) Sole Dispositive Power 20,700
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Person With (10) Shared Dispositive Power 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
20,700
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) ___________
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CUSIP No. 892138108
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13) Percent of Class Represented by Amount in Row (11) 9.4%
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14) Type of Reporting Person (See Instructions) IN
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ITEM 1. SECURITY AND ISSUER.
Common Shares, $1.00 par value
Towne Financial Corporation
4811 Cooper Road
Blue Ash, Ohio 45242
ITEM 2. IDENTITY AND BACKGROUND.
(a) The name of the reporting person is Daniel H. Hosbrook.
(b) The reporting person's business address is 4720 Cooper Road,
Cincinnati, Ohio 45242.
(c) The reporting person is the owner of Hosbrook Motors.
(d) The reporting person has not, during the last five (5) years,
been convicted in a criminal proceeding.
(e) The reporting person has not, during the last five (5) years,
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction resulting in 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) The reporting person is a citizen of the United States of
America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable. See Item 4 below.
ITEM 4. PURPOSE OF TRANSACTION.
On February 4, 1997, Mr. Hosbrook acquired 10,350 shares of the Issuer
as a gift from his mother, which, together with the shares he owns,
resulted in his owning in excess of 5% of the Common Shares.
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CUSIP No. 892138108
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The reporting person beneficially owns 20,700 Common Shares which
represents approximately 9.4% of the issued and outstanding
shares.
(b) The number of shares as to which the reporting person has the sole
power to vote or to direct the vote, shared power to vote or to
direct the vote, sole power to dispose or to direct the
disposition, or shared power to dispose or direct the disposition,
as of May 7, 1999, is as follows:
<TABLE>
<CAPTION>
Sole Power Shared Power Sole Power Shared Power
To Vote To Vote To Dispose To Dispose
----------- ------------ ---------- ----------
<S> <C> <C> <C> <C>
20,700 0 20,700 0
(9.4%) (0%) (9.4%) (0%)
</TABLE>
(c) No transaction in the reported class of securities was effected
during the past sixty days by the reporting person.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
There are no other contracts, arrangements, understandings or
relationships (legal or otherwise) between the reporting persons
and any other person with regard to any securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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.
Date May 20, 1999 /s/ Daniel H. Hosbrook
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Signature
Daniel H. Hosbrook, Shareholder
Name/Title
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CUSIP No. 892138108
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
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