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OMB Number 3235-0145
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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. )*
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CB Bancorp, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
124936-10-5
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(CUSIP Number)
George L. Koehm, 126 E. Fourth Street, P.O. Box 363, Michigan City, IN 46360
(219)873-2800
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
February 11, 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 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 / /.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom 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. 124936-10-5 SCHEDULE 13D Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph F. Heffernan
SS. No. ###-##-####
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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*
SC and PF
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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
Indiana
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7 SOLE VOTING POWER
NUMBER OF 59,826
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 53,668
WITH -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,158
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,826
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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);
5.1%
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14 TYPE OF REPORTING PERSON
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 124936-10-5 Page 3 of 8 Pages
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ITEM 1: Security and Issuer.
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ITEM 1 (a): Title of Class of Securities
Common Stock, par value $.01 per share
ITEM 1 (b): Name and Address of the Principal Executive Office
of the Issuer
CB Bancorp, Inc.
126 E. Fourth Street
P.O. Box 363
Michigan City, Indiana 46360
ITEM 2: Identity and Background
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ITEM 2 (a): Name
Joseph F. Heffernan
ITEM 2 (b): Address
CB Bancorp, Inc.
126 E. Fourth Street
P.O. Box 363
Michigan City, Indiana 46360
ITEM 2 (c): Principal Occupation
Chairman of the Board and Chief Executive Officer
CB Bancorp, Inc.
126 E. Fourth Street
P.O. Box 363
Michigan City, Indiana 46360
President and Chief Executive Officer
Community Bank, A Federal Savings Bank
126 E. Fourth Street
P.O. Box 363
Michigan City, Indiana 46360
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CUSIP NO. 124936-10-5 Page 4 of 8 Pages
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ITEM 2 (d): Criminal Proceedings
None
ITEM 2 (e): Civil Proceedings
None
ITEM 2 (f): Citizenship
United States
ITEM 3: Source and Amount of Funds or Other Consideration
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The Reporting Person currently may be deemed beneficial owner of: 1)
27,600 shares purchased in the Conversion of Community Bank, A
Federal Savings Bank from mutual to stock form; 2) 1,926 unvested
shares awarded to the Reporting Person pursuant to the Community
Bank, A Federal Savings Bank Recognition and Retention Plans and
Trust for Officers and Employees as to which the Reporting Person
exercises voting rights; 3) 7,704 vested shares awarded to the
Reporting Person under the Community Bank, A Federal Savings Bank
Recognition and Retention Plans and Trust; 4) 6,158 shares received
under the Community Bank, A Federal Savings Bank Employee Stock
Ownership Plan; and 5) 16,438 shares awarded pursuant to options
granted by the Issuer that are exercisable.
The 27,600 shares purchased in the Conversion were purchased with
$138,000 of personnel funds on December 23, 1992.
ITEM 4: Purpose of Transaction.
----------------------
Describe any plans or proposals which the reporting person may have
which relate to or would result in:
ITEM 4(a): The acquisition by any person of additional securities of the
issuer, or the disposition of securities of the issuer;
None
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CUSIP No. 124936-10-5 Page of 5 to 8 Pages
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ITEM 4(b): An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any of its
subsidiaries;
None
ITEM 4(c): A sale or transfer of a material amount of assets of the issuer or
any of its subsidiaries;
None
ITEM 4(d): Any change in the present board of directors or management of the
issuer, including any plans or proposals to change the number of
term of directors or to fill any existing vacancies on the board;
None
ITEM 4(e): Any material change in the present capitalization or dividend policy
of the issuer;
None
ITEM 4(f): Any other material change in the issuer's business or corporate
structure including but not limited to, if the issuer is a
registered closed-end investment company, any plans or proposals to
make any changes in its investment policy for which a vote is
required by section 13 of the Investment Company Act of 1940;
None
ITEM 4(g) Changes in the issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of
control of the issuer by any person;
None
ITEM 4(h): Causing a class of securities of the issuer to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national
securities association;
None
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CUSIP No. 124936-10-5 Page of 6 to 8 Pages
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ITEM 4(i): A class of equity securities of the issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Act; or
None
ITEM 4(j): Any action similar to any of those enumerated above.
None
Mr. Heffernan is Chairman of the Board and Chief Executive Officer of the issuer
and, in such position, Mr. Heffernan is considered to be a controlling person of
the issuer. He has responded to this Section 4 in his individual capacity and
not in his fiduciary capacity as the chairman and chief executive officer.
ITEM 5: Interest in Securities of the Issuer.
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ITEM 5(a): 59,826
ITEM 5(b): Sole Voting Power: 59,826
Shared Voting Power: 0
Sole Dispositive Power: 53,668
Shared Dispositive Power: 6,158
ITEM 5(c): Mr. Heffernan has engaged in the following transactions of the
issuer's stock in the last 60 days:
None
Mr. Heffernan became a 5% owner of CB Bancorp, Inc. (the "Company")
as a result of the allocation of 1,162 shares of common stock of
the issuer under the Community Bank, A Federal Savings Bank
Employee Stock Ownership Plan as of December 31, 1996, which
allocation became known on February 11, 1997 for Section 13(d)
purposes.
ITEM 5(d): The Trustee of the Community Bank, A Federal Savings Bank Employee
Stock Ownership Plan has sole dispositive power over 6,158 shares.
ITEM 5(e): N/A
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CUSIP No. 124936-10-5 Page of 7 to 8 Pages
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ITEM 6: Contracts, Arrangements, Understandings or Relationships with
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Respect to Securities of the Issuer.
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None
ITEM 7: Exhibits.
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None
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CUSIP No. 124936-10-5 Page of 8 to 8 Pages
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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 21, 1997 /s/ Joseph F. Heffernan
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Date Signature
