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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Original Filing
FARNSWORTH BANCORP, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
31163N10700
(CUSIP Number)
CHARLES ALESSI, CFO 789 FARNSWORTH AVENUE, BORDENTOWN, NJ 08505
Tel. 609 298 0723
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
DECEMBER 14, 1999
(Date of Event which Requires Filing of this Statement)
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SCHEDULE 13D
CUSIP No. 31163N107000
1. Name of Reporting Person
S.S. or IRS Indentification No. of Above Person
Craig W. Yates ###-##-####
2. Check the Appropriate Box if a Member of a Group.
(a)
----
(b) X
----
3. SEC USE ONLY
4. SOURCE OF FUNDS (See Instructions)
Craig W. Yates PF
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
(no check entered)
6. Citizenship or Place of Organization
Craig W. Yates is a United States Citizen
7. Number of Shares Beneficially Owned by each Reporting Person with
sole voting power
Craig W. Yates 37,000 shares
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8. Shared voting power 0
9. Sole dispositive power
Craig W. Yates 37,000 shares
10. Shared dispositive power 0
11. Aggregate amount Beneficially Owned by Each Reporting Person
Craig W. Yates 37,000 shares
12. Check if the aggregate amount in row (11) excludes certain shares
(no check entered)
13. Percent of Class represented by amount in Row (11)
9.74 percent
14. Type of reporting person
Craig W. Yates IN
Item 1. Security in Issuer.
-------------------
Common Stock of Farnsworth Bancorp,Inc
789 Farnsworth Avenue
Bordentown, New Jersey 08505
Item 2. Identity and Background.
------------------------
(a) Craig W. Yates
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(b) 227 Cliff Avenue
Edgewater Park, New Jersey 08010
(c) President
Farmers and Mechanics Bank
3 Sunset Road
Burlington, New Jersey 08016
(d) No convictions in any criminal proceedings.
(e) No violations of federal and state securities laws;
no findings, judgments, decrees or final orders
concerning federal and state securities laws.
Item 3. Source and Amount of Funds or Other Consideration
-------------------------------------------------
Craig W. Yates purchased the shares in question with
personal funds, in his individual margin account at
Advest, Inc.
The amount expended for the purchases listed in Item 5(c)
of this report is: $72,723.95
Item 4. Purpose of Transaction
----------------------
The shares in question were purchased as long term
investments only.
Item 5. Interest in Securities of Issuer
--------------------------------
(a) Craig W. Yates owns 37,000 shares of Issuer's common stock,
amounting to 9.74 percent of the total shares outstanding.
(b) Craig W. Yates has the sole power to vote, or to direct
the vote, or to dispose of the shares reported herein. There is
no shared power to vote, direct the vote, or to dispose
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of any of the shares reported herein.
(c) Transactions in Issuer's common stock within the last 60
days are the following:
12/14/99 bought 8000 shares @ 9.09 per share.
These purchases were executed on the NASDAQ as
open market purchases.
(d) No persons other than Craig W. Yates have any rights
or interests in the securities of Issuer owned by Craig W.
Yates.
(e) (does not apply)
Item 6. Contracts, Arrangements, Understandings or Relationships with
-------------------------------------------------------------
Respect to Securities of Issuer.
--------------------------------
Craig W, Yates is not a party to any contracts, arrangements,
understandings or relationships with respect to the securities of
issuer.
Item 7. Material to be Filed as Exhibits
--------------------------------
No material is filed as exhibit hereto.
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: December 20, 1999 Craig W. Yates
