INTERVEST BANCSHARES CORP
SC 13G/A, 1999-02-16
STATE COMMERCIAL BANKS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  SCHEDULE 13G
                                 (Rule 13d-102)

           Information to be included in Statements filed pursuant to
               Rules 13d-1(b), (c), and (d) and Amendments thereto
                         filed pursuant to Rule 13d-2(b)

                                (Amendment No. 1)


                        INTERVEST BANCSHARES CORPORATION
                                (Name of Issuer)


                      Class A Common Stock, $1.00 par value
                         (Title of Class of Securities)


                                   460927-10-6
                                 (CUSIP Number)

             ------------------------------------------------------
             (Date of Event which requires filing of this Statement)


        Check the appropriate box to designate the rule pursuant to which
                            this Schedule is filed:

                            |_|      Rule 13d-1(b)
                            |_|      Rule 13d-1(c)
                            |X|      Rule 13d-1(d)


                                   Page 1 of 4

<PAGE>



CUSIP No.       460927-10-6






      1       NAME OF REPORTING PERSON
              S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                       Jerome Dansker

- --------------------------------------------------------------------------------
      2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                    (a)     |_|
                                                    (b)     |_|
      3    SEC USE ONLY


      4    CITIZENSHIP OR PLACE OF ORGANIZATION

                       United States

                              5       SOLE VOTING POWER
        NUMBER OF
         SHARES                       585,965
      BENEFICIALLY
        OWNED BY              6       SHARED VOTING POWER
          EACH
        REPORTING                     0
         PERSON
          WITH                7       SOLE DISPOSITIVE POWER

                                      585,965

                              8     SHARED DISPOSITIVE POWER

                                    0

      9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           585,965

     10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

                                                        |_|

     11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           21.15%

     12    TYPE OF REPORTING PERSON

           IN


                                   Page 2 of 4

<PAGE>



Item 1(a).      Name of Issuer:

                Intervest Bancshares Corporation
                ---------------------------------------------------------------

Item 1(b).      Address of Issuer's Principal Executive Offices:
                10 Rockefeller Plaza (Suite 1015), New York, New York 10020-1903
                ---------------------------------------------------------------

Item 2(a).      Name of Person Filing:
                Jerome Dansker
                ---------------------------------------------------------------

Item 2(b).      Address of Principal Business Office or, if None, Residence:
                10 Rockefeller Plaza (Suite 1015), New York, New York 10020-1903
                ---------------------------------------------------------------

Item 2(c).      Citizenship:
                United States
                ---------------------------------------------------------------

Item 2(d).      Title of Class of Securities:
                Class A Common Stock, $1.00  par value
                ---------------------------------------------------------------

Item 2(e).      CUSIP Number:
                460927-10-6
                ---------------------------------------------------------------

Item 3. If this  statement is filed pursuant to Rules  13d-1(b),  or 13d-2(b) or
(c), check whether the person filing is a:

      (a)     |_| Broker or dealer  registered  under Section 15 of the Exchange
              Act;

      (b)     |_| Bank as defined in Section 3(a)(6) of the Exchange Act;

      (c)     |_|  Insurance  Company  as defined  in  Section  3(a)(19)  of the
              Exchange Act;

      (d)     |_|  Investment   Company   registered  under  Section  8  of  the
              Investment Company Act;

      (e)     |_|  Investment   Adviser   registered  in  accordance  with  Rule
              13d-1(b)(1)(ii)(E);

      (f)     |_| Employee  Benefit Plan or Endowment  Fund in  accordance  with
              Rule 13d-1(b)(1)(ii)(F);

      (g)     |_| Parent Holding  Company or control  person in accordance  with
              Rule 13-d-1(b)(1)(ii)(G);

      (h)     |_| Savings  association as defined in Section 3(b) of the Federal
              Deposit Insurance Act;

      (i)     |_|  Church  Plan  that is  excluded  from  the  definition  of an
              investment  company  under  Section  3(c)(14)  of  the  Investment
              Company Act;

      (j)     |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4.  Ownership.
         (a)      Amount beneficially owned:
                  585,965
                  --------------------------------------------------------------

         (b)      Percent of class:
                  21.15%
                  --------------------------------------------------------------

         (c)      Number of shares as to which such person has:
         (i)      Sole power to vote or to direct the vote  585,965
                  --------------------------------------------------------------
         (ii)     Shared power to vote or to direct the vote  0
                  --------------------------------------------------------------
         (iii)    Sole power to dispose or to direct the disposition of  585,965
                  --------------------------------------------------------------
         (iv)     Shared power to dispose or to direct the disposition of  0
                  --------------------------------------------------------------

                                   Page 3 of 4

<PAGE>



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  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following [ ].

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.

         Not Applicable.

                                    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.



                                              February 12, 1999
                                              ------------------
                                                    (Date)


                                              /s/ Jerome Dansker
                                              ------------------
                                                  (Signature)


                                                Jerome Dansker
                                              ------------------
                                                     (Name)


                                   Page 4 of 4

<PAGE>





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