UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
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First Missouri Bancshares, Inc.
(Name of Issuer)
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Common Stock par value $.01 per share
(Title of Class of Securities)
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320937-10-5
(CUSIP Number)
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Lindsay Olsen
5200 West 94th Terrace, Prairie Village, KS 66207
(913) 648-8010
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 23, 1996
(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
X. (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 persons 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 NINE (9) PAGES AND THE EXHIBIT INDEX
IS ON PAGE SIX (6).
SCHEDULE 13D
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CUSIP NO. 320937-10-5 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
Mortgage Investment Trust Corporation
48-1101989
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)
(b) X
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3 SEC USE ONLY
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4 SOURCE OF FUNDS *
BK, WC
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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
KANSAS
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NUMBER OF 7 SOLE VOTING POWER
SHARES 26,930
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 26,930
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PERSON 10 SHARED DISPOSITIVE POWER
WITH NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,930
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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)
9.41%
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14 TYPE OF REPORTING PERSON
CO
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* SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
Item 1. Security and Issuer
This statement relates to the Common Stock, par value $.01
per share (the Common Stock:) issued by First Missouri
Bancshares, Inc., whose principal executive offices are located
at 300 West Locking Street, Brookfield, Missouri, 64628.
Item 2. Identity and Background
This statement is filed by Mortgage Investment Trust
Corporation, a Kansas Corporation (MITC). Lindsay Olsen and
Steven B. Chase are the controlling shareholders of MITC. The
directors and officers of MITC are Lindsay Olsen (President and
Director) and Steven B. Chase (Secretary and Director).
The information required by Item 2 with respect to each of
the above named persons is attached to this statement as Exhibits
2A through 2C, and is incorporated herein by reference.
The information disclosed in Exhibits 2A through 2C is
included pursuant to General Instruction C to Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
The aggregate purchase price of the 26,930 shares covered by
this Schedule 13D was $451,080.00, including a $2.50 transaction
fee. MITC purchased the Common Stock with internal funds and
resources drawn from a term loan negotiated in the ordinary
course of business with an unaffiliated bank, as defined in
Section 3 (a) (6) of the Securities Exchange Act of 1934.
Item 4. Purpose of Transaction
The shares of Common Stock covered by this statement are
being held for investment purposes. Investor has the following
plans with respect to the Common Stock:
(a) MITC intends to continually assess the market for the
Common Stock. MITC or an affiliate may purchase additional
shares or dispose of such 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 are
required. In addition, the certificate of incorporation of First
Missouri places certain limitations on any such acquisition.
(b-j) None
Item 5. Interest in Securities of the Issuer
(a) The aggregate percentage of shares of Common Stock
reported owned by MITC is based upon 290,038 shares outstanding,
as indicated in responses to inquiries made to First Missouri.
As of the close of business on September 23, 1996, Mortgage
Investment Trust Corporation owned 26,930 shares of Common Stock,
or approximately 9.29% of such number of shares.
(b) MITC beneficially owns 26,930 shares of the Common
Stock and has the sole power to vote and dispose of such shares.
(c) All transactions in the shares of Common Stock effected
by MITC during the past sixty days are described on Exhibit 5(c)
attached hereto. All such shares were purchased through a broker-
dealer.
(d-e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
MITC is under the control of Lindsay Olsen and Steven B.
Chase. See Item 2. above.
Item 7. Material to be Filed as Exhibits.
Exhibit 3 - Copy of lines of credit and demand notes,
pursuant to request of MITC and instructions to the form 13D, are
included in the Confidential Exhibit Volume filed with the
Secretary of the Commission and dated October 1, 1996.
Exhibit 5 (c) - Transactions in the Common Stock effected
during the past sixty days.
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.
MORTGAGE INVESTMENT
TRUST CORPORATION
Date: October 1, 1996 By:/s/Lindsay Olsen
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Lindsay Olsen, President of
Mortgage Investment Trust Corporation
EXHIBIT INDEX
Exhibit No. Page No.
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Exhibit 2A 7
Exhibit 2B 7
Exhibit 2C 8
Exhibit 3 *
Exhibit 5 (c) 9
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* Confidential Exhibit, dated October 1, 1996, Filed with the
Secretary of the Commission
Exhibit 2A
MORTGAGE INVESTMENT TRUST CORPORATION
State or Other Place of Organization: Kansas
Principal Business: Investment in mortgage
loans, real estate and stocks
Address of Principal Business: 5200 West 94th Terrace
Prairie Village, KS 66207
Address of Principal Office: 5200 West 94th Terrace
Prairie Village, KS 66207
Criminal Proceedings During the Last 5 Years: None
Civil Proceedings During the Last 5 Years: None
Exhibit 2B
LINDSAY OLSEN (Director and President of Mortgage Investment
Trust Corporation and a controlling shareholder of Mortgage
Investment Trust Corporation)
Residence or Business Address: 5200 West 94th Terrace
Prairie Village, KS 66207
Principal Occupation or Employment: Management and Analysis
Name of Employer: Mortgage Invesment Trust
Corporation
Principal Business: Private Investments and
Financial Services
Address: 5200 West 94th Terrace
Prairie Village, KS
66207
Criminal Proceedings During the Last 5 Years: None
Civil Proceedings During the Last 5 Years: None
Citizenship: U.S.A.
Exhibit 2C
STEVEN B. CHASE (Director and Secretary of Mortgage Investment
Trust Corporation and a controlling shareholder of Mortgage
Investment Trust Corporation)
Residence or Business Address: 5200 West 94th Terrace
Prairie Village, KS 66207
Principal Occupation or Employment: Management and Analysis
Name of Employer: Mortgage Invesment Trust
Corporation
Principal Business: Private Investments and
Financial Services
Address: 5200 West 94th Terrace
Prairie Village, KS 66207
Criminal Proceedings During the Last 5 Years: None
Civil Proceedings During the Last 5 Years: None
Citizenship: U.S.A.
Exhibit 5 (c)
MORTGAGE INVESTMENT TRUST CORPORATION
(Transactions Effected Within Past 60 Days)
Identity of Number of Price Per
Purchaser/Seller Date of Purchase Shares Share
Purchased Share
Mortgage Investment
Trust Corporation September 23, 1996 26,930 16.75
