<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. )<F1>
Sistersville Bancorp, Inc.
(Name of Issuer)
Common Stock, par value $.10 per share
(Title of Class of Securities)
829793108
(CUSIP Number)
Jerome H. Davis
c/o David M. Perlmutter, Esq.
200 Park Ave., Suite 4515, New York, NY 10166
(212) 986-4900
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 26, 1997
(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.
(Continued on following pages)
_________________________
<F1>
1 The remainder of this cover page shall be filled out for
a reporting person's initial filing of 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 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).
Page 1 of 9 Pages
<PAGE>
CUSIP No. 829793108
_________________________________________________________________
1. Name of Reporting Person Jerome H. Davis
_________________________________________________________________
S.S. or I.R.S. Identification ###-##-####
No. of Above Person
_________________________________________________________________
2. Check the Appropriate Box (a)______
if a Member of a Group (b)___X__
(See Instructions)
_________________________________________________________________
3. SEC Use Only
_________________________________________________________________
4. Source of Funds (See Instructions)
PF
_________________________________________________________________
5. Check Box if Disclosure of Legal
Proceedings is Required / /
Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6. Citizenship or Place of
Organization United States
_________________________________________________________________
Number of 7. Sole Voting Power -0-
Shares 8. Shared Voting
Beneficially Power 45,000*<F2>
Owned by 9. Sole Dispositive
Each Report- Power -0-
ing Person 10. Shared Dispositive
with Power 45,000*<F2>
_________________________________________________________________
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 45,000*<F2>
_________________________________________________________________
12. Check Box if the Aggregate Amount
in Row (11) Excludes Certain / /
Shares (See Instructions)
_________________________________________________________________
13. Percent of Class Represented
by amount in Row (11) 6.80%
_________________________________________________________________
14. Type of Reporting Person IN
(See Instructions)
_________________________________________________________________
<F2>
* See Items 5(a) and 5(b) of this Statement.
Page 2 of 9 Pages
<PAGE>
CUSIP No. 829793108
_________________________________________________________________
1. Name of Reporting Person Susan B. Davis
_________________________________________________________________
S.S. or I.R.S. Identification ###-##-####
No. of Above Person
_________________________________________________________________
2. Check the Appropriate Box (a)______
if a Member of a Group (b)___X__
(See Instructions)
_________________________________________________________________
3. SEC Use Only
_________________________________________________________________
4. Source of Funds (See Instructions)
PF
_________________________________________________________________
5. Check Box if Disclosure of Legal
Proceedings is Required / /
Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6. Citizenship or Place of
Organization United States
_________________________________________________________________
Number of 7. Sole Voting Power -0-
Shares 8. Shared Voting
Beneficially Power 45,000*<F3>
Owned by 9. Sole Dispositive
Each Report- Power -0-
ing Person 10. Shared Dispositive
with Power 45,000*<F3>
________________________________________________________________
11. Aggregate Amount Beneficially
Owned by Each Reporting Person 45,000*<F3>
_________________________________________________________________
12. Check Box if the Aggregate Amount
in Row (11) Excludes Certain / /
Shares (See Instructions)
_________________________________________________________________
13. Percent of Class Represented
by amount in Row (11) 6.80%
_________________________________________________________________
14. Type of Reporting Person IN
(See Instructions)
_________________________________________________________________
<F3>
* See Items 5(a) and 5(b) of this Statement.
Page 3 of 9 Pages
<PAGE>
Item 1. SECURITY AND ISSUER.
The class of equity securities to which this Statement
on Schedule 13D (this "Statement") relates is the Common Stock,
par value $.10 per share ("Common Stock") of Sistersville Bancorp,
Inc., a Delaware Corporation, ("Sistersville") with its principal
executive offices located at 726 Wells Street, Sistersville, West
Virginia 26175.
Item 2. IDENTITY AND BACKGROUND.
(a) This Statement is jointly filed by Susan B. Davis
and Jerome H. Davis, wife and husband.
(b) Residence: 11 Baldwin Farms North, Greenwich,
Connecticut 06831.
(c) Mrs. Davis is an investor in antiques operating
out of her home. Mr. Davis is a self-employed investment
analyst and works out of his home.
(d) During the last five years, neither Mr. Davis nor
Mrs. Davis have been convicted in a criminal proceeding
(excluding traffic or similar misdemeanors).
(e) During the last five years, neither Mr. Davis nor
Mrs. Davis has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
such proceedings was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, Federal or state securities laws or finding
any violation with respect to such laws.
(f) Mr. Davis and Mrs. Davis are each citizens of the
United States.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Pursuant to a stock subscription for Common Stock of
Sistersville, Mr. and Mrs. Davis paid $100,000.00 for an aggregate
of 10,000 shares of Common Stock. They also paid an aggregate of
$473,150 for an aggregate of 35,000 shares of Common Stock owned by
them. Except for the Common Stock obtained through a subscription,
all shares were purchased in over-the-counter transactions through
standard brokerage accounts maintained by Mr. and Mrs. Davis. All
shares were purchased with personal funds of Mr. and Mrs. Davis.
Page 4 of 9 Pages
<PAGE>
Item 4. PURPOSE OF TRANSACTION.
Mr. and Mrs. Davis have acquired the shares of Common
Stock for investment and without any purpose of changing or
influencing the control of Sistersville. Consistent with this
purpose, Mr. Davis routinely monitors the performance of
companies in which he and Mrs. Davis invest through the review of
their periodic financial statements and reports, and intends to do
so with regard to Sistersville. In connection therewith, Mr. Davis
sometimes engages in oral and written communications with the
officers of a company to discuss his views on its performance.
Such communications may include suggestions regarding ways to
enhance company performance and increase shareholder value. To the
extent he deems appropriate, Mr. Davis may engage in communications
with the officers and directors of Sistersville.
Other than as described above, Mr. and Mrs. Davis do
not have any plan or proposal which relates to or would result in
any of the actions enumerated in Item 4 of Schedule 13D, except
that Mr. and Mrs. Davis may dispose of some or all of the Common
Stock or may acquire additional shares of Common Stock, from time
to time, depending upon price and market conditions, evaluation
of alternative investments, and other factors.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The aggregate number of shares of Common Stock
beneficially owned by Mr. and Mrs. Davis for the purposes of this
Statement is 45,000 representing 6.80 percent of the outstanding
shares of Common Stock, based on 661,428 shares of Common Stock
disclosed by Sistersville as outstanding on July 1, 1997. All such
shares, are held in the name of Mr. and Mrs. Davis.
(b) Subject to the matters referred to in paragraph (a)
hereof, Mr. and Mrs. Davis have shared power to vote or direct the
vote and shared power to dispose or direct the disposition of the
45,000 shares of Common Stock jointly owned by them.
Page 5 of 9 Pages
<PAGE>
(c) A description of all transactions in the shares of
Common Stock which have been effected by Mr. and/or Mrs. Davis
is set forth in Schedule A attached hereto and is incorporated
herein by reference.
(d) and (e) - Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERTAKINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
There are no relevant contracts, arrangements,
undertakings or relationships between Mr. and/or Mrs. Davis
(except that Mr. Davis and Mrs. Davis are husband and wife and
Mr. Davis generally directs Mrs. Davis' investment decisions with
respect to any of the securities) and/or with any other person
with respect to any securities of Sistersville.
Item 7. MATERIALS TO BE FILED AS EXHIBITS.
1. Joint Filing Agreement between Jerome H. Davis and
Susan B. Davis.
Page 6 of 9 Pages
<PAGE>
Signature.
After reasonable inquiry and to the best knowledge and
belief of the undersigned, the undersigned certify that the
information set forth in this statement is true, complete and
correct.
7/1/97 Jerome H. Davis
Date (Signature)
7/1/97 Susan B. Davis
Date (Signature)
Page 7 of 9 Pages
<PAGE>
<TABLE>
Schedule A
Information with Respect to Transactions in the
Common Stock of Sistersville Bancorp Inc. by
Jerome H. Davis and Susan B. Davis
<CAPTION>
Date of No. of Shrs Price Per Shr Where How
Transa- Purchased (excl. commis- Trans- Trans-
tion (Sold) sions) acted acted
<S> <C> <C> <C> <C>
Jerome H. and Susan B. Davis:
1. 6/25/97 10,000 $10.00 Sisters- *<F4>
ville
Bancorp
Inc.
2. 6/26/97 20,000 13.56 OTC **<F5>
3. 6/26/97 10,000 13.38 OTC **<F5>
4. 6/30/97 5,000 13.63 OTC **<F5>
__________________________________
<FN>
<F4>
* Purchased directly from Sistersville Bancorp, Inc. in an
initial public offering pursuant to a stock subscription.
<FN>
<F5>
** Transaction effected in the over-the-counter market ("OTC")
through a standard brokerage account maintained by Mr. and/or
Mrs. Davis.
</FN>
</TABLE>
Page 8 of 9 Pages
Exhibit 1
JOINT FILING AGREEMENT
Each of the undersigned agrees that the Statement,
including amendments, on Schedule 13D relating to shares of
Common Stock of Sistersville Bancorp, Inc. to which this Agreement
is attached is being filed on behalf of each of the undersigned.
7/1/97 Jerome H. Davis
Date (Signature)
7/1/97 Susan B. Davis
Date (Signature)
Page 9 of 9 Pages
