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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)*
Midwest Bancshares, Inc.
________________________________________________________________________________
(Name of Issuer)
Common Stock ($.01 par value)
________________________________________________________________________________
(Title of Class of Securities)
598-25H-10-1
_______________________________________________________________
(CUSIP Number)
Forest L. Stewart
101 Jefferson Street
P.O. Box 1105
Burlington, IA 52601
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 19, 1996
_______________________________________________________________
(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(b)(3) or (4), check the following box [_].
* 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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SCHEDULE 13D AMENDMENT NO. 1
- ----------------------- ---------------------
CUSIP NO. 598-25H-10-1 PAGE 2 OF 4 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Estate of Forrest L. Stewart
42-6515463
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
PF
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
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SOLE VOTING POWER
7 0
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
0%
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0%
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TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 4 Pages
SCHEDULE 13D AMENDMENT NO. 1
Pursuant to Rule 13d-2(c), this Amendment No. 1 restates and Amended Schedule 13
dated May 19, 1993.
Item 1. Security and Issuer.
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Midwest Bancshares, Inc., (the "Issuer"), Common Stock, par value $.01. The
Issuer's principal executive offices are locates at Roosevelt Avenue at Division
Street, Burlington, IA 52601.
Item 2. Identity and Background.
- --------------------------------
This filing is an amendment to a joint filing dated May 19, 1993 made by Forrest
L. Stewart and Service Realty Company.
Forrest L. Stewart died on January 3, 1994. An estate was opened and the
decedent's two sons, Douglas F. Stewart and Thomas W. Stewart were named as Co-
Executors. At the time of his death Mr. Stewart directly owned 16,623 shares of
the Issuer.
Service Realty Company, an Iowa corporation, was dissolved on June 27, 1994 and
the 10,000 shares it owned became property of the Forrest L. Stewart Estate.
All 26,623 shares were previously reported on the initial Schedule 13D and were
transferred into the Forest L. Stewart Estate. 10,000 shares were sold to
unrelated third parties and the remaining, 16,623 shares were either sold to
family members or distributed pursuant to the terms of the decedent's will.
Item 3. Source and Amount of Funds or Other Consideration.
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Not applicable.
Item 4. Purpose of Transaction.
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The shares previously owned by Forrest L. Stewart and Service Realty Company
were either sold by the decedent's estate or distribution pursuant to the terms
of decedent's will
Item 5. Interest in Securities of the Issuer.
- ---------------------------------------------
None. All 26, 623 shares were transferred into the Estate of Forrest L. Stewart
and were either sold or distributed pursuant to the terms of the decedent's
will.
Items 6. Contracts, Arrangements, Understandings or Relationships with Respect
- -------------------------------------------------------------------------------
to Securities of the Issuer.
- ---------------------------
There were and are no contracts, arrangements, understandings or relationships
among the persons identified in Item 2 or between such persons any other person
with respect to any securities of the Issuer, within the meaning of Item 6.
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Page 4 of 4 Pages
Item 7. Material to be Filed as Exhibits.
- -----------------------------------------
None
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true and complete.
Dated: April 8, 1997
ESTATES OF FORREST L. STEWART
By /s/ Douglas F. Stewart
-------------------------------------------
Douglas F. Stewart
Co-Executor
