UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Milton Federal Financial Corporation
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
601795 10 7
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(CUSIP Number)
* 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).
CUSIP No. 601795 10 7 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
United National Bank and Trust Co.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
5 SOLE VOTING POWER
NUMBER OF 121,249
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED -0-
BY EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON -0-
WITH
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
121,249
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.35%
12 TYPE OF REPORTING PERSON*
BK
CUSIP No. 601795 10 7 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Milton Federal Financial Corporation Employee Stock Ownership Plan
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
5 SOLE VOTING POWER
NUMBER OF -0-
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED -0-
BY EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 192,240
WITH
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,240
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.0%
12 TYPE OF REPORTING PERSON*
EP
Item 1(a). Name of Issuer:
Milton Federal Financial Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
25 Lowry Drive
West Milton, Ohio 45383
Item 2(a). Name of Person Filing:
United National Bank and Trust Co.
Milton Federal Financial Corporation Employee Stock Ownership Plan
Item 2(b). Address of Principal Business Office or, if none,
Residence:
United National Bank and Trust Co.
220 Market Avenue South
Canton, Ohio 44702
Milton Federal Financial Corporation Employee Stock Ownership Plan
United National Bank and Trust Co.
220 Market Avenue South
Canton, Ohio 44702
Item 2(c). Citizenship:
United National Bank and Trust Co.: United States
Milton Federal Financial Corporation Employee Stock Ownership Plan:
Organized in Ohio
Item 2(d). Title of Class of Securities:
Common Shares
Item 2(e). CUSIP Number
601795 10 7
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the
Act
(b) [ x ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Advisor registered under section 203 of
the Investment Advisers Act of 1940
(f) [ x ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see
[SECTION] 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
[SECTION] 240.13d-1(b)(1)(ii)(G)
(h) [ ] Group, in accordance with
[SECTION] 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership:
United National Bank and Trust Co.
(a) Amount Beneficially Owned:
121,249
(b) Percent of Class:
5.35%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 121,249
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: -0-
(iv) shared power to dispose or to direct the disposition
of: -0-
Milton Federal Financial Corporation Employee Stock Ownership Plan
(a) Amount Beneficially Owned:
192,240
(b) Percent of Class:
8.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: 192,240
(iv) shared power to dispose or to direct the disposition
of: -0-
At December 31, 1997, there were 192,240 common shares of
Milton Federal Financial Corporation held by the Milton
Federal Financial Corporation Employee Stock Ownership Plan
(the "Plan"). National City Bank is the Trustee of the Plan.
Under the terms of the Plan and the Trust Agreement, the
Trustee votes all of the shares allocated to the accounts of
participants as directed by the participants to whose accounts
such shares have been allocated. With respect to unallocated
shares or allocated shares with respect to which no
instructions have been received, the Plan provides that the
Trustee shall vote such shares in the Trustee's discretion.
As of December 31, 1997, 70,991 shares had been allocated to
Plan participants.
Although the Trustee has general authority to sell assets,
because the Plan provides that the Trustee is to invest
primarily in shares of the issuer, the authority to dispose of
such shares is limited by the Plan to certain circumstances.
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
Not applicable.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
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 purposes 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.
UNITED NATIONAL BANK AND TRUST CO.
Date: February 10, 1998 By: /s/ Samuel M. Lincoln
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MILTON FEDERAL FINANCIAL
CORPORATION EMPLOYEE STOCK
OWNERSHIP PLAN
By United National Bank and Trust
Co., Trustee
Date: February 10, 1998 By: /s/ Samuel M. Lincoln
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EXHIBIT A
AGREEMENT FOR JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree that the Schedule 13G being filed with
the Securities and Exchange Commission to report their beneficial ownership
of more than 5% of the common shares of Milton Federal Financial
Corporation, an Ohio corporation, shall be, and is, filed on behalf of each
of the undersigned.
UNITED NATIONAL BANK AND TRUST CO.
Date: February 10, 1998 By: /s/ Samuel M. Lincoln
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MILTON FEDERAL FINANCIAL
CORPORATION EMPLOYEE STOCK
OWNERSHIP PLAN
By United National Bank and Trust
Co., Trustee
Date: February 10, 1998 By: /s/ Samuel M. Lincoln
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