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. 2)
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)
June 30, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
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
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Michigan
5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
164,034
6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER
70,634
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
164,034
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER
70,634
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
234,668
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.9%
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 Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(f) |X| employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
If the statement is filed pursuant to Rule 13d-1(c), check this box.
|_|
Item 4. Ownership.
(a) Amount beneficially owned:
234,668
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CUSIP NO. 065631 10 3 Page 4 of 5 Pages
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(b) Percent of class: 8.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 164,034
(ii) Shared power to vote or to direct the vote 70,634
(iii) Sole power to dispose or to direct the disposition of
164,034
(iv) Shared power to dispose or to direct the disposition of
70,634
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, 1998, 70,634 shares had been allocated to participants'
accounts and 164,034 shares were unallocated. During 1998,
7,046 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. Certifications.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that 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 TRUST
EMPLOYEE STOCK OWNERSHIP PLAN TRUST
February 10, 1999 By: /s/ George A. Jackoboice
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George A. Jackoboice, Trustee
February 10, 1999 By: /s/ Richard L. Bishop
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Richard L. Bishop, Trustee
February 10, 1999 By: /s/ Jacob Haisma
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Jacob Haisma, Trustee
