SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULES 13-d-1(b) (c) AND
(d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE13d-2(b) (AMENDMENT #___*)
FIRST CHESAPEAKE FINANCIAL CORPORATION
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
319452 10 8
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(CUSIP Number)
October 1, 1997
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ]Rule 13d-1(b)
[ X ]Rule 13d-1(c)
[ ]Rule 13d-1(d)
*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. 319452 10 8 13G Page 2 of 3 Pages
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1 Name Of Reporting Person
Richard N. Chakejian, Jr.
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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 Citizenship Or Place Of Organization
United States of America
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Number of 5 Sole Voting Power 998,167
Shares
Beneficially 6 Shared Voting Power -0-
Owned by
Each 7 Sole Dispositive Power 998,167
Reporting
Person With 8 Shared Dispositive Power -0-
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9 Aggregate Amount Beneficially Owned
By Each Reporting Person 998,167
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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) 10.8%
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12 Type Of Reporting Person IN
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Item 1(a). Name of Issuer.
First Chesapeake Financial Corporation (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
The principal executive offices of the Issuer are 12 E. Oregon Avenue,
Philadelphia, PA 19148
Item 2(a). Name of Person Filing:
Richard N. Chakejian, Jr
Item 2(b). Address of Principal Business Office or, if none, residence:
Mr. Chakejian has a residence address at 2137 Art School Road, Chester
Springs, PA 19425.
Item 2(c). Citizenship:
United States of America
<PAGE>
CUSIP No. 319452 10 8 13G Page 3 of 3 Pages
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Item 2(d). Title of Class of Securities:
Common
Item 2(e). CUSIP Number
319452 10 8
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c),
check whether the person filing is a: Not Applicable
Item 4. Ownership
(a) Amount beneficially owned: 998,167
(b) Percent of class: 10.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 998,167
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition of: 998,167
(iv) Shared power to dispose or to direct the disposition of: -0-
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
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
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certifications - By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
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.
DATE: March 29, 2000
BY: /s/Richard N. Chakejian, Jr.
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Richard N. Chakejian, Jr.
Director and President
