AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 27, 1999.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )
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USABancShares, Inc.
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(Name of Issuer)
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Common Stock $1.00 Par Value
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(Title of Class of Securities)
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917289 10-0
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(CUSIP Number)
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James F. Dierberg
135 N. Meramec, Clayton, MO 63105
(314) 854-4600
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
April 19, 1999
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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 the 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).
THIS STATEMENT CONTAINS FIVE (5) PAGES.
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SCHEDULE 13D
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<S> <C> <C>
CUSIP NO. 917289-10-0 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
INVESTORS OF AMERICA, LIMITED PARTNERSHIP
43-1521079
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OFA GROUP* (a) [_]
(b) {X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO o ITEMS 2(d)
OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEVADA
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NUMBER OF 7 SOLE VOTING POWER
SHARES NONE
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
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EACH 9 SOLE DISPOSITIVE POWER
NONE
REPORTING
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PERSON 10 SHARED DISPOSITIVE POWER
WITH NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
NONE
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.00%
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14 TYPE OF REPORTING PERSON
IV, PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
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Item 1. Security and Issuer
The statement on Schedule 13D filed by the reporting person on February
23, 1998 to report ownership of shares of the Common Stock, par value $1.00 per
share (the "Common Stock") issued by USABancShares, Inc. ("USAB"), 1535 Locust
Street, Philadelphia, Pennsylvania 19102, is hereby amended as follows:
Item 2. Identity and Background
No amendment with respect to this item.
Item 3. Source and Amount of Funds or Other Consideration
Not applicable. This amended statement is being filed by Investors of
America Limited Partnership to report the disposition of 115,949 shares of the
Common Stock of USAB, 87,180 of which were acquired on February 13, 1998 and,
subsequently, 28,769 shares acquired as a stock dividend. The aggregate selling
price of the Common Stock was $1,622,650.06 less fees in the amount of $64.31.
Item 4. Purpose of Transaction
No amendment with respect to this item.
Item 5. Interest in Securities of the Issuer
(a-b) None.
(c) All transactions in the shares of Common Stock effected by
Investors of America Limited Partnership are described in Exhibit 5(c) attached
hereto. All such shares were sold through a broker-dealer.
(d) Not Applicable.
(e) The reporting person ceased to be the beneficial owner of more than
five percent of the class of securities on April 19, 1999. Subsequently, all
shares of the Common Stock were sold.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
No amendment with respect to this item.
Item 7. Material to Be Filed as Exhibits
Exhibit 5(c) - Transactions in the Common Stock effected during the
past sixth days.
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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.
INVESTORS OF AMERICA,
LIMITED PARTNERSHIP
Date: April 27, 1999 By: /s/James F. Dierberg
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James F. Dierberg, President of
First Securities America, Inc.,
General Partner
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Exhibit 5(c)
INVESTORS OF AMERICA LIMITED PARTNERSHIP
(Transactions Effected Within Past 60 Days)
SALE OF COMMON STOCK
Identity of Number of Price Per
Purchaser/ Date of Sale Shares Share
Seller Sold
Investors of April 19, 1999 35,000 $15.849
America April 20, 1999 25,000 $13.775
Limited April 20, 1999 45,000 $12.4028
Partnership April 21, 1999 7,180 $15.167
April 22, 1999 3,769 $15.000
The common stock was sold through a broker-dealer.
