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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2) *
HFB Financial Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
40417C106
--------------------------------------
(CUSIP Number)
* 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 the
disclosures provided in a prior cover page.
The information required in 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 the section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 9 pages
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CUSIP NO. 40417C106 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON: Home Federal Bank, Federal Savings Bank Employee
Stock Ownership Plan
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
61-0305840
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Tennessee
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NUMBER OF 5 SOLE VOTING POWER 0
SHARES -----
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BENEFICIALLY 6 SHARED VOTING POWER 50,589
OWNED BY --------
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EACH 7 SOLE DISPOSITIVE POWER 0
REPORTING -----
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PERSON 8 SHARED DISPOSITIVE POWER 50,589
WITH --------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,589
--------
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1
-----
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12 TYPE OF REPORTING PERSON*
EP
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* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 40417C106 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON: Earl Burchfield
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER 19,890
SHARES --------
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BENEFICIALLY 6 SHARED VOTING POWER 62,714
OWNED BY --------
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EACH 7 SOLE DISPOSITIVE POWER 19,890
REPORTING --------
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PERSON 8 SHARED DISPOSITIVE POWER 50,589
WITH --------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
82,604
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.1
------
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12 TYPE OF REPORTING PERSON*
IN
================================================================================
* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 40417C106 13G Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON: Robert V. Costanzo
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER 8,636
SHARES -------
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BENEFICIALLY 6 SHARED VOTING POWER 62,714
OWNED BY --------
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EACH 7 SOLE DISPOSITIVE POWER 8,636
REPORTING -------
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 50,589
WITH --------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,352
--------
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.4
------
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12 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 40417C106 13G Page 5 of 9 Pages
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================================================================================
1 NAME OF REPORTING PERSON: Charles Harris
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER 18,825
SHARES --------
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BENEFICIALLY 6 SHARED VOTING POWER 62,714
OWNED BY --------
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 18,825
REPORTING --------
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 50,589
WITH --------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
81,539
--------
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.0
------
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12 TYPE OF REPORTING PERSON*
IN
================================================================================
* SEE INSTRUCTION BEFORE FILLING OUT!
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Page 6 of 9 Pages
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Securities and Exchange Commission
Washington, D.C. 20549
Item 1(a) Name of Issuer.
HFB Financial Corporation
Item 1(b) Address of Issuer's Principal Executive Offices.
1602 Cumberland Avenue
Middlesboro, Kentucky 40965-1225
Item 2(a) Name of Person(s) Filing.
Home Federal Bank, Federal Savings Bank Employee Stock Ownership Plan
("ESOP"), and the following individuals who serve as trustees of the trust
established under the ESOP: Earl Burchfield, Robert V. Costanzo, and Charles
Harris.
Item 2(b) Address of Principal Business Office.
Same as Item 1(b).
Item 2(c) Citizenship.
See Row 4 of the second part of the cover page provided for each reporting
person.
Item 2(d) Title of Class of Securities.
Common Stock, par value $1.00 per share.
Item 2(e) CUSIP Number.
See the upper left corner of the second part of the cover page provided
for each reporting person.
Item 3. Check whether the person filing is a:
(f) [x] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F),
(h) [x] Group, in accordance with Rule 13d-1(b)(l)(ii)(H).
Item (a) (b) (c) (d) (e) (g) - not applicable.
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Page 7 of 9 Pages
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Item 4. Ownership.
(a) Amount Beneficially Owned: See Row 9 of the second part of the cover
page provided for each reporting person.
(b) Percent of Class: See Row 11 of the second part of the cover page
provided for each reporting person.
(c) See Rows 5, 6, 7, and 8 of the second part of the cover page provided
for each reporting person.
Item 5. Ownership of Five Percent or Less of A Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [_]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Pursuant to Section 13.7 of the ESOP, the ESOP Committee has the power to
direct the receipt of dividends on shares held in the ESOP trust.
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.
This Schedule 13G is being filed on behalf of the ESOP identified in Item
2(a), filing under the Item 3(f) classification, and by each trustee of the
trust established pursuant to the ESOP, filing under the Item 3(h)
classification. Exhibit A contains a disclosure of the voting and dispositive
powers over shares of the issuer held directly by these entities.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
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Page 8 of 9 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.
HOME FEDERAL BANK, FEDERAL SAVINGS BANK
EMPLOYEE STOCK OWNERSHIP PLAN
By Its Trustees:
/s/ Earl Burchfield February 12, 1997
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Earl Burchfield, as Trustee Date
/s/ Robert V. Costanzo February 12, 1997
----------------------------------- -----------------
Robert V. Costanzo, as Trustee Date
/s/ Charles Harris February 12, 1997
----------------------------------- -----------------
Charles Harris, as Trustee Date
/s/ Earl Burchfield February 12, 1997
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Earl Burchfield, as an Individual Date
Stockholder
/s/ Robert V. Costanzo February 12, 1997
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Robert V. Costanzo, as an Individual Date
Stockholder
/s/ Charles Harris February 12, 1997
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Charles Harris, as an Individual Date
Stockholder
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Page 9 of 9 Pages
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Exhibit A
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Identification of Members of Group
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The trustees of the ESOP hold shares of common stock of the issuer in trust
for the benefit of employees participating in the ESOP. Pursuant to Section
13.6 of the ESOP, (i) the trustees vote common stock allocated to participant
accounts in accordance with instructions by participants, and (ii) shares of
common stock of the issuer which have not been allocated and allocated stock for
which no voting direction has been received shall be voted by the trustee in the
manner directed by the ESOP Committee. Pursuant to Section 13.3 of the ESOP,
the trustees exercise investment direction as directed by the ESOP Committee.
Overall, the trustees must exercise voting and dispositive power with respect to
the assets held by the ESOP, including common stock of the issuer, in accordance
with the fiduciary responsibility requirements imposed by Section 404 of the
Employee Retirement Income Security Act of 1974, as amended.
