Schedule 13 d
Item 1 Security and Issuer.
Title of the class of equity securities is:Common Stock
Name and address of the principal executive offices of the issuer:
Northwest Equity Corp.
234 Keller Ave. So
Amery, WI 54001
Item 2 Identity and Background
(a) Name: Brian L. Beadle
(b) Residence: 312 Johnson St.
Amery, WI 54001
(c) Present principal occupation: President
Northwest Savings Bank
234 Keller Ave. S.
Amery, WI 54001
(d) No convictions in a criminal proceeding during
the last five years
(e) No party to civil proceedings of a judicial or
administrative body during the last 5 years
Item 3. Source and Amount of Funds or Other Consideration
Securities not purchased nor acquired. Voting rights are transferred to
employees pursuant to an Employee Stock Ownership Plan. Each participant shall
be entitled to direct the Trustee as to the manner in which the voting rights of
any shares of Company Stock that are entitled to vote and are allocated to the
Participant's Company Stock Account will be exercised.
Item 4. Purpose of Transaction
Voting rights of stock are transferred to employees pursuant to the
rules of an Employee Stock Ownership Plan.
Item 5. Interest in Securities of Issuer
(a) Brian L. Beadle
Aggregate Number: 42,244 shares
Percentage of the class of securities: 5.1%
(b) Brian L. Beadle 42,244 shares with sole power to vote or direct to
vote (c) No transactions effected during the last 60 days by Brian L.
Beadle.
Emjay Corporation, trustee for Northwest Savings
Bank Employee Stock Ownership Plan notified Brian L.
Beadle was allocated 3125 shares for the fiscal year ended
March 31, 1998, by a phone call on 5/29/98.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from such securities. A listing
of the beneficiaries of an employee benefit plan is not required.
(e) Date reporting person ceased to be the beneficial owner of more
than five percent of class of securities is not applicable.
Item 6 Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
None
Item 7. Material to be Filed as Exhibits
None
