Securities and Exchange Commission
Washington, DC 20579
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
First National Corporation North Dakota
Common Stock, $1 par value
CUSIP #335904108
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing 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)
*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 that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
CUSIP #335904108
1. Name of reporting person
S.S. or I.R.S. Identification No. of above person
First National Corporation North Dakota
Taxpayer Identification No. 45-0375407
2. Check the appropriate box if a member of a group*
(A) [ ] (B) [x]
3. Sec. use only
4. Citizenship or place of organization
North Dakota
5. Sole voting power
Number of 82,652
shares
beneficially 6. Shared voting power
owned by 456,650
each reporting
person with 7. Sole dispositive power
82,652
8. Shared dispositive power
456,650
9. Aggregate amount beneficially owned by each reporting person
539,302
10. Check box if the aggregate amount in row (9) excludes certain shares* [ ]
11. Percent of class represented by amount in row 9
21.3102%
12. Type of reporting person*
HC
Securities and Exchange Commission
Washington, DC 20579
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
First National Corporation North Dakota
Common Stock, $1 par value
CUSIP #335904108
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing 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)
*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 that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
CUSIP #335904108
1. Name of reporting person
S.S. or I.R.S. Identification No. of above person
First National Bank North Dakota
Taxpayer Identification No. 45-0140105
2. Check the appropriate box if a member of a group*
(A) [ ] (B) [x]
3. Sec. use only
4. Citizenship or place of organization
United States (National Bank)
5. Sole voting power
Number of 82,652
shares
beneficially 6. Shared voting power
owned by 456,650
each reporting
person with 7. Sole dispositive power
82,652
8. Shared dispositive power
456,650
9. Aggregate amount beneficially owned by each reporting person
539,302
10. Check box if the aggregate amount in row (9) excludes certain shares* [ ]
11. Percent of class represented by amount in row 9
21.3102%
12. Type of reporting person*
BK
STATEMENT OF SCHEDULE 13G
Item 1(a) Name of Issuer:
First National Corporation North Dakota
Item 1(b) Address of Issuer's Principal Executive Offices:
2401 Demers Ave.
Grand Forks, ND 58203
Item 2(a) Name of Person Filing:
1. First National Corporation North Dakota
2. First National Bank North Dakota
This Statement is filed by First National Corporation on behalf
of each of the above-named persons, pursuant to Rule 13d-1(f).
Attached is an agreement in writing between the above-named
persons that this Statement be so filed on behalf of each of them.
First National Bank North Dakota is a bank as defined in Section
3(a)(6) of the Act and is a wholly-owned subsidiary of First National
Corporation North Dakota.
Item 2(b) Address of Principal Business Office:
1. First National Corporation North Dakota
2401 Demers Ave.
Grand Forks, ND 58203
2. First National Bank North Dakota
2401 Demers Ave.
Grand Forks, ND 58203
Item 2(c) Citizenship:
1. First National Corporation North Dakota is a Delaware corporation
2. First National Bank North Dakota is a national banking association
organized under the laws of th United States.
Item 2(d) Title of Class of Securities
Common Stock, $1 par value
Item 2(e) CUSIP Number:
335904108
Item 3 If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b):
1. First National Corporation North Dakota is a parent holding
company - Item 3 classification: (g).
2. First National Bank North Dakota is a bank defined in Section
3(a)(6) of the Act - Item 3 classification: (b).
Item 4 Ownership
(a) Amount Beneficially Owner: First National Bank North Dakota may
be deemed the beneficial owner of 539,302 shares of First
National Corporation Common Stock held by it in a fiduciary
capacity for various trusts, agency accounts, and other fiduciary
accounts. FirstNational Corporation North Dakota, as the sole
shareholder of First National Bank North Dakota, may be deemed to
beneficially own such shares indirectly. Neither First National
Corporation North Dakota nor First National Bank North Dakota has
any rights t acquire additional shares through the exercise of
options or otherwise.
(b) Percent of Class: 21.3102%
(c) Number of above shares as to which First National Bank North
Dakota and, indirectly, First National Corporation NorthDakota,
have:
(i) Sole power to vote or direct the vote:
82,652 shares.
(ii) Shared power to vote or direct the vote:
456,650 shares.
(iii) Sole power to dispose or to direct the disposition of:
82,652 shares.
(iv) Shared power to dispose or direct the disposition of:
456,650 shares.
The persons filing disclaim beneficial ownership of, and the
filing of this Statement shall not be construed as an admission
that the persons filing are beneficial owners of, the shares
covered by this Statement for purposes of Sections 13, 14, or
16 of the Act.
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:
All of the shares covered by this Statement are held in a fiduciary
capacity. Accordingly, persons other than First National Corporation
North Dakota and First National Bank North Dakota have the right to
receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such shares. No person individually has
such an interest that relates to more than five percent of the class.
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company:
This schedule is filed by a parent holding company on its own behalf
and on behalf of its wholly-owned subsidiary bank (Item 3
classification: [b]). Attached is an Exhibit identifying such
subsidiary.
Item 8 Identification and Classification of Members of the Group:
Not applicable.
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 an were not acquired in connection with or as a participant
in any transaction having such purposes 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.
DATED: February 27, 1998
FIRST NATIONAL CORPORATION NORTH DAKOTA
By:Maren Daley
Its: Secretary
EXHIBIT TO SCHEDULE 13G
Item 7 First National Bank North Dakota
Item 3 classification: (b).
AGREEMENT
The undersigned hereby agree that the Statement of Schedule 13G, to which this
Agreement is attached shall be filed on behalf of First National Corporation
North Dakota, a Delaware corporation, and First National Bank North Dakota, a
national banking association, by First National Corporation North Dakota, which
owns all of the outstanding capital stock of First National Bank North Dakota.
DATED: February 27, 1998
FIRST NATIONAL CORPORATION NORTH DAKOTA
By: Maren Daley
Its: Secretary
FIRST NATIONAL BANK NORTH DAKOTA
By: Maren daley
Its: Secretary
