SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
BANK WEST FINANCIAL CORPORATION
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
065631 10 3
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(CUSIP Number)
Page 1 of 5 Pages
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CUSIP NO. 065631 10 3 Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bank West Financial Corporation Employee Stock Ownership Plan
38-3203447
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Michigan
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5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
188,887
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6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER
52,827
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER
188,887
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER
52,827
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
241,714
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.2%
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12. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 065631 10 3 Page 3 of 5 Pages
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Item 1(a) Name of Issuer:
Bank West Financial Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
2185 Three Mile Road, N.W.
Grand Rapids, MI 49544
Item 2(a) Name of Person Filing:
Bank West Financial Corporation Employee Stock Ownership Plan.
Item 2(b) Address of Principal Business Office or, if None, Residence:
Bank West Financial Corporation
2185 Three Mile Road, N.W.
Grand Rapids, MI 49544
Item 2(c) Citizenship:
Michigan
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
065631 10 3
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(f) [ X ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income Security
Act of 1974.
Item 4. Ownership.
(a) Amount beneficially owned:
241,714
(b) Percent of class: 9.2%
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CUSIP NO. 065631 10 3 Page 4 of 5 Pages
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 188,887
(ii) Shared power to vote or to direct the vote 52,827
(iii) Sole power to dispose or to direct the disposition
of 188,887
(iv) Shared power to dispose or to direct the disposition of
52,827
The Bank West Financial Corporation Employee Stock Ownership
Plan Trust ("Trust") was established pursuant to the Bank West
Financial Corporation Employee Stock Ownership Plan ("ESOP").
Under the terms of the ESOP, the Trustees will generally vote
the allocated shares held in the ESOP in accordance with the
instructions of the participating employees and will generally
vote unallocated shares held in the ESOP in the same
proportion for and against proposals to stockholders as the
ESOP participants and beneficiaries actually vote shares of
Common Stock allocated to their individual accounts, subject
in each case to the fiduciary duties of the ESOP Trustees and
applicable law. Any allocated shares which either abstain on
the proposal or are not voted will be disregarded in
determining the percentage of stock voted for and against each
proposal by the participants and beneficiaries. As of December
31, 1997, 52,827 shares had been allocated to participants'
accounts and 188,887 shares were unallocated. During 1997,
1,111 allocated shares were distributed to terminated
participants.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable since the reporting entity owns more than 5% of
the class.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Participants in the ESOP are entitled to receive dividends on,
and the proceeds from, the sale of the shares allocated to
their accounts. The ESOP does not own more than 5% on behalf
of another person.
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 since the reporting entity is not a member of a
group.
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CUSIP NO. 065631 10 3 Page 5 of 5 Pages
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Item 9. Notice of Dissolution of Group.
Not applicable since the reporting entity is not a member of a
group.
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.
BANK WEST FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN TRUST
February 6, 1998 By: /s/ George A. Jackoboice
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George A. Jackoboice, Trustee
February 6, 1998 By: /s/ Richard L. Bishop
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Richard L. Bishop, Trustee
February 6, 1998 By: /s/ Jacob Haisma
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Jacob Haisma, Trustee
