SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
HOME BANCORP OF ELGIN, INC. (Name of Issuer)
Common Stock, par value $.01 per share (Title of Class of Securities)
436892103 (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 pages 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
the section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
(Continued on following page(s))
Page 1 of 7 Pages
CUSIP No. 436892103
13G
1 NAME OF REPORTING PERSON
S. S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankmont Financial Corp. 51-0275712
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ( )
See Exhibit 1 (b) ( )
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A Delaware Corporation
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER 6,659
6 SHARED VOTING POWER 560,740
7 SOLE DISPOSITIVE POWER 0
8 SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
567,399
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 8.1%
12 TYPE OF REPORTING PERSON HC
*SEE INSTRUCTION BEFORE FILLING OUT!
1(a) NAME OF ISSUER: Home Bancorp of Elgin, Inc.
1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
16 North Spring Street
Elgin, IL 60120-5569
2(a) NAME OF PERSON FILING:
Bankmont Financial Corp.
2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR RESIDENCE:
111 West Monroe Street
P. O. Box 755
Chicago, IL 60690
2(c) PLACE OF ORGANIZATION OR CITIZENSHIP:
A Delaware Corporation
2(d) TITLE OF CLASS OF SECURITIES:
Common stock, par value $0.01 per share ("Common Stock")
2(e) CUSIP NUMBER: 436892103
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 adviser registered under section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee benefit plan, pension fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or endowment fund; see Sec.240.13d-1(b)(1)(ii)(F).
(g) [X] Parent holding company, in accordance with Sec.240.13d-
1(b)(ii)(G).
(h) [ ] Group, in accordance with Sec.240.13d-1(b)(1)(ii)(H).
4 OWNERSHIP:
(a) Amount Beneficially Owned: 567,399
(b) Percent of Class: 8.1%
(c) Number of Shares as to Which Such Person has:
(i) Sole power to vote or to direct the vote: 6,659
(ii) Shared power to vote or to direct the vote: 560,740
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 0
5 OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS: Not Applicable
6 OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON:
See Exhibit 2
7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Bankmont Financial Corp., a Parent Holding Company, filing
under Rule 13d-1(b)(ii)(G) on behalf of the following
subsidiary:
Harris Bankcorp, Inc., a Parent Holding Company
111 West Monroe Street
P. O. Box 755
Chicago, IL 60690
Harris Bank Barrington, N.A., a bank
201 South Grove Avenue
Barrington, IL 60010
8 NOT APPLICABLE
9 NOT APPLICABLE
10 CERTIFICATION:
By signing below, the undersigned certifies that, to the best of
his knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and 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 his
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete and correct.
Date: February 13, 1998
BANKMONT FINANCIAL CORP.
BY: (Alan G. McNally)
Alan G. McNally
President
SCHEDULE 13G
Exhibit 1
Bankmont Financial Corp., a wholly-owned subsidiary of Bank of Montreal,
owns Harris Bankcorp, Inc. Harris Bank Barrington, N.A. is a wholly-owned
subsidiary of Harris Bankcorp, Inc.
Pursuant to Rule 13-d(f)1(iii), Harris Bankcorp, Inc. and Harris
Bank Barrington, N.A. agree to this filing of Schedule 13G by
Bankmont Financial Corp. This exhibit is submitted as proof of
their agreement and authorization for Bankmont Financial Corp. to
file on their behalf.
Date: February 13, 1998
HARRIS BANKCORP, INC.
BY: (Thomas R. Sizer)
Thomas R. Sizer
Secretary
HARRIS BANK BARRINGTON, N.A.
BY: (Thomas H. Werner)
Thomas H. Werner
Executive Vice President
SCHEDULE 13G
Exhibit 2
In accordance with Rule 13d-4, Bankmont Financial Corp., its wholly
- -owned subsidiary Harris Bankcorp, Inc. and its wholly-owned
subsidiary Harris Bank Barrington, N.A., expressly disclaim
beneficial ownership of the 560,740 Common Shares held by Harris Bank
Barrington, N.A. as Trustee of the Home Bancorp of Elgin, Inc. ESOP
(the "Shares" and the "Plan").
These Shares are reported on Cover Sheet page 2 and also on pages 4
through 6 of this Schedule 13G. Under terms of the Plan, as amended,
the Trustee is to vote the allocated Shares held by the Plan in
accordance with the instructions received from the Company or Plan
participants and to dispose of the allocated Shares in connection with
tender offers in accordance with directions received from Plan
participants. If no voting instructions or invalid voting instructions
are received with respect to allocated Shares, the Trustee is to vote
such Shares in the same manner and in the same proportion as the allocated
Shares with respect to which the Trustee received valid voting
instructions are voted. With respect to allocated Shares, if no
directions or invalid directions are received in connection with tendering
Shares, the Trustee is to treat such allocated Shares as if participants
instructed the Trustee not to dispose of such Shares. With respect to
unallocated Shares, the Trustee is to vote such Shares, or dispose of such
Shares in connection with tender offers, in the same manner and in the
same proportion as the allocated Shares with respect to which the
Trustee received valid voting instructions or directions are voted or
disposed.
The actions and duties of the Trustee pursuant to the provisions of the
Plans and the Trust, including but not limited to the provisions described
above, are subject to the requirements of the Employee Retirement Income
Security Act of 1974.
Harris Bank Barrington, N.A. does have sole voting power for the Lawrence
McCarthy, IRA Rollover Account, which holds 6,659 shares of the Home
Bancorp of Elgin.