AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 10, 2000.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)
East Texas Financial Services, Inc.
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(Name of Issuer)
Common Stock $ .01 Par Value
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(Title of Class of Securities)
275572-10-5
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(CUSIP Number)
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)
August 31, 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).
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SCHEDULE 13D
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CUSIP NO. 275572-10-5 Page 2 of 9 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 ITEMS 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEVADA
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7 SOLE VOTING POWER
NUMBER OF SHARES
69,000 Common
==================== ============ =============================================
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
==================== ============ =============================================
EACH REPORTING 9 SOLE DISPOSITIVE POWER
69,000 Common
==================== ============ =============================================
10 SHARED DISPOSITIVE POWER
PERSON
WITH NONE
==================== ============ =============================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
69,000 Common
=========== ===================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
=========== ===================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 5.9%
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14 TYPE OF REPORTING PERSON
IV, PN
=========== ===================================================================
*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
<PAGE>
Item 1. Security and Issuer
This statement relates to the Common Stock, par value $.01 per share, (the
"Common Stock") issued by East Texas Financial Services, Inc. ("East Texas"),
whose principal executive offices are located at 1200 South Beckham, Tyler,
Texas 75701.
Item 2. Identity and Background
This statement is filed by Investors of America, Limited Partnership, a Nevada
limited partnership ("Investors"). The general partner of Investors is First
Securities America, Inc., a Missouri corporation. James F. Dierberg is the
controlling shareholder of First Securities America, Inc. The directors and
officers of First Securities America, Inc. are James F. Dierberg (President and
Director) and Mary W. Dierberg (Secretary, Treasurer and Director). James F.
Dierberg and Mary W. Dierberg are husband and wife.
The information required by Item 2 with respect to each of the above named
persons is attached to this statement as Exhibits 2A through 2D, and is
incorporated herein by reference.
The information disclosed in Exhibits 2A through 2D is included pursuant to
General Instruction C to Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
Not applicable. This statement is being filed by Investors of America Limited
Partnership ("Investors") to report an increase in the ownership percentage
resulting from Common Stock buy backs by East Texas. Investors initially
purchased 46,000 shares of the Common Stock in May 1997 for an aggregate price
of approximately $809,250.00. A stock dividend of 23,000 shares of the Common
Stock was received in April 1998.
Item 4. Purpose of Transaction
The shares of Common Stock covered by this statement are being held for
investment purposes. Investors has the following plans with respect to the
Common Stock:
(a) Investors intends to continually assess the market for the Common Stock.
Investors or an affiliate may purchase or dispose of additional shares of the
Common Stock from time to time depending on such continuing assessment and upon
future developments, including the then market price of such shares. However, it
is recognized that if, in the future, certain levels of share ownership are
exceeded, certain regulatory approvals may be required.
(b-j) None.
Item 5. Interest in Securities of the Issuer
(a) The aggregate percentage of shares of Common Stock reported owned by
Investors is based upon 1,162,320 shares outstanding at January 6, 2000, as
indicated by East Texas in response to our
<PAGE>
telephone inquiry. As of the close of business on January 7, 2000, Investors
beneficially owned 69,000, or approximately 5.94% of such number of shares of
Common Stock. Investors' ownership percentage has increased due to East Texas'
reduction of outstanding shares resulting from its stock buybacks.
(b) Investors beneficially owns 69,000 shares of the Common Stock and has the
sole power to vote and dispose of such shares.
(c) There were no transactions in the shares of Common Stock effected by
Investors during the past sixty days.
(d-e) Not Applicable. Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
Investors is under the control of James F. Dierberg. See Item 2 above. James F.
Dierberg and Mary W. Dierberg are husband and wife.
Item 7. Material to Be Filed as Exhibits
None.
<PAGE>
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
By:/s/James F. Dierberg
-----------------------------------
James F. Dierberg, President of
First Securities America, Inc.,
General Partner
Date:January 10, 2000
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<PAGE>
EXHIBIT INDEX
Exhibit No. Page No.
Exhibit 2A 7
Exhibit 2B 8
Exhibit 2C 9
Exhibit 2D 10
<PAGE>
Exhibit 2A
INVESTORS OF AMERICA, LIMITED PARTNERSHIP
State or Other Place of Organization: Nevada
Principal Business: Investment in real estate
and stocks
Address of Principal Business: 1504 Hwy. #395 N #8-00508
Gardnerville, Nevada 89410
Address of Principal Office: 1504 Hwy. #395 N #8-00508
Gardnerville, Nevada 89410
Criminal Proceedings During Last 5 Years: None
Civil Proceedings During Last 5 Years: None
<PAGE>
Exhibit 2B
FIRST SECURITIES AMERICA, INC. (General Partner of Investors of America, Limited
Partnership)
State or Other Place of Organization: Missouri
Principal Business: Insurance and investments
Address of Principal Business: 11 E. Lockwood
Webster Groves, Missouri 63119
Address of Principal Office: 11 E. Lockwood
Webster Groves, Missouri 63119
Criminal Proceedings During Last 5 Years: None
Civil Proceedings During Last 5 Years: None
<PAGE>
Exhibit 2C
JAMES F. DIERBERG (Director and President of First Securities America, Inc.;
controlling shareholder of First Securities America, Inc.)
Residence or Business Address: 39 Glen Eagles Drive
St. Louis, Missouri 63124
Principal Occupation or Employment: Financial services
Name of Employer: First Banks, Inc.
Principal Business: Bank holding company
Address: 135 North Meramec,
Clayton, Missouri 63105
Criminal Proceedings During Last 5 Years: None
Civil Proceedings During Last 5 Years: None
Citizenship: U.S.A.
<PAGE>
Exhibit 2D
MARY W. DIERBERG (Director, Secretary and Treasurer of First Securities America,
Inc.)
Residence or Business Address: 39 Glen Eagles Drive
St. Louis, Missouri 63124
Principal Occupation or Employment: Housewife
Criminal Proceedings During Last 5 Years: None
Civil Proceedings During Last 5 Years: None
Citizenship: U.S.A.
