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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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Albion Banc Corp.
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(Name of Issuer)
Common Stock Par Value $.01 per share
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(Title of Class of Securities)
013289 10 3
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(CUSIP Number)
Robert L. Gritzke 847-296-0787
825 Center St., Suite 501
Des Plaines, Il. 60016-6463
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
2/10/97
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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 / /.
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.
(See Rule 13d-7.)
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).
(Continued on following page(s))
Page 1 of 4 Pages
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CUSIP No. 013289 10 3 13D Page 2 of 4 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Robert L. Gritzke
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
PF, OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
Not Applicable
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(6) Citizenship or Place of Organization
United States of America
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Number of Shares (7) Sole Voting
Beneficially Owned Power 12,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power
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(9) Sole Dispositive
Power 12,000
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(10) Shared Dispositive
Power
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
12,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
Not Applicable
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(13) Percent of Class Represented by Amount in Row (11)
4.79%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 4 Pages
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ITEM 1. SECURITY AND ISSUER
This statement relates to the common stock, par value $.01 per share, of
Albion Banc Corp., a Delaware corporation, with its principal executive
offices located at 48 North Main Street, Albion, New York 14411.
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filled by Robert L. Gritzke whose address is 825
Center St., Suite 501, Des Plaines, Il. 60016-6463. Mr. Gritzke is a CPA and
is employed by the New York State Department of Taxation and Finance as the
District Audit Manager for the Midwestern Regional Office located in Des
Plaines, Il. His stock sales have been undertaken as a private investor and
are in no way related to his employment with New York State.
Mr. Gritzke has not during the last five years or ever, been convicted in
any criminal proceeding, nor has he been a party to any civil proceeding
commenced before a judicial or administrative body of competent jurisdiction
as a result of which he was or is now subject to a judgement, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws finding any violation with
respect to such laws.
Mr. Gritzke is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Mr. Gritzke received 174,362.50 for the shares sold 2/10/97.
ITEM 4. PURPOSE OF TRANSACTION
The disposition of the shares referred to in Item 5., was solely made as
an investment decision. Mr. Gritzke does not have present plans or intentions
which relate to or would result in any of the transactions required to be
described in Item 4. of Schedule 13 D.
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Page 4 of 4 Pages
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Based on information obtained from Albion Banc Corp., there were 250,051
shares of Albion Banc Corp. common stock issued and outstanding as of 12/10/97.
As of 12/10/96, Mr. Gritzke beneficially owned 12,000 shares or 4.79%
respectively of the issued and outstanding common stock of Albion Banc Corp.
Mr. Gritzke possesses sole power to vote and direct the disposition of 12,000
such shares.
The following table details the transactions by Mr. Gritzke in the shares
of Albion Banc Corp. common stock on 2/10/97 when required this filing. There
were no transactions during the sixty days preceding 2/10/97.
Date No. of Shares Price / Share
2/10/97 10,500 $16.624
These shares were sold in the open market through the brokerage firm of
Legg Mason.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
No contracts, arrangements, understandings or similar relationships exist
with respect to the shares of Albion Banc Corp. common stock between Mr.
Gritzke and any other person or entity.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not Applicable
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.
/s/ Robert L. Gritzke
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Robert L. Gritzke
Attention: intentional misstatements or omissions of fact constitute Federal
criminal violations. (see 18 USC 1001)
