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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
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RedFed Bancorp Inc.
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(Name of Issuer)
Common Stock par value $.01 per share
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(Title of Class of Securities)
757341-10-2
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing 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).
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 3 Pages
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CUSIP NO. 757341102 13G PAGE 2 OF 3 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Redlands Federal Bank
Employee Stock Ownership Plan
IRS ID No. 95-1138036
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Federally chartered stock savings institution's employee
stock benefit plan
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SOLE VOTING POWER
5
NUMBER OF 174,800
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
131,100
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 305,900
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
305,900
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
4.14% of 7,393,050 shares of Common Stock outstanding as of
December 31, 1996.
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TYPE OF REPORTING PERSON*
12
EP
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 3 Pages
Item 1(a) Name of Issuer:
RedFed Bancorp Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
300 East State Street
Redlands, California 92373
Item 2(a) Name of Person(s) Filing:
Redlands Federal Bank
Employee Stock Ownership Plan
Trustee: NYL Benefit Services, Inc.
846 University Avenue
Norwood, MA 02062-2641
Item 2(b) Address of Principal Business Offices, or, if none,
Residence: 300 East State Street
Redlands, California 92373
Item 2(c) Citizenship: Federally chartered stock savings institution's employee
stock benefit plan
Item 2(d) Title of Class of Securities: Common Stock par value $.01 per share
Item 2(e) CUSIP Number: 757341-10-2
Item 3 The person filing this statement is an employee benefit plan which is
subject to the provisions of the Employee Retirement Income Security
Act of 1974
Item 4 Ownership: N/A
Item 5 Ownership of Five Percent or Less of a Class: If this statement is
being filed to report the fact that as of the date hereof the
reporting peson has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following (X).
Item 6 Ownership of More than Five Percent on Behalf of Another Person: N/A
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company: N/A
Item 8 Identification and Classification of Members of the Group: N/A
Item 9 Notice of Dissolution of the Group: N/A
Item 10 Certification: By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to above were acquired
in the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
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.
Date: February 12, 1997
/s/John D. McAlearney, Jr.
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John D. McAlearney, Jr.
Member
Compensation/Benefit Plans Committee
