SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
For December 31, 1997
(Amendment No. 4)
Mason-Dixon Bancshares
(name of issuing bank)
45 West Main Street, Westminster, Maryland 21157
(address of issuing bank)
(Title of class of securities)
Common Stock
(Cusip Number)
575207105
(Date of event requiring filing)
December 31, 1997
Note: Until 1992, reports were filed with the Federal Deposit
Insurance Corporation under the name of Carroll County
Bank and Trust Company: Cusip No. 144717105
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CUSIP No. 575207105 13G Page of Pages
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1 Name of Reporting Person
SS or IRS identification no. of above person
Carroll County Bank and Trust Company, Trading as Mason-Dixon Trust Company
52-0399570
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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
A Maryland Corporation
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5 Sole Voting Power
Number of 166,553
Shares
Beneficially
Owned by
Each
Reporting
Person With
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6 Shared Voting Power
238,457
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7 Sole Dispositive Power
152,639
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8 Shared Dispositive Power
203,158
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
406,299
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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
8.0%
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12 Type of Reporting Person*
Bank as defined in Section 3(a)(6)
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*SEE INSTRUCTION BEFORE FILLING OUT!
Item 1(a) - Name of the Bank issuer:
Mason-Dixon Bancshares
Item 1(b) - Address of Bank's Principal Executive Offices:
45 West Main Street, Westminster, Maryland 21157
Item 2(a) - Name of Person Filing:
Carroll County Bank and Trust Company
By William J. Gering, Senior Vice President, Trust Division
Item 2(b) - Address of Principal Business Office, or if None,
Residence:
45 West Main Street, Westminster, Maryland 21157
Item 2(c) - Citizenship:
United States
Item 2(d) - Title of Class of Securities:
Common
Item 2(e) - CUSIP Number: 575207105
Item 3 - If this statement is filed pursuant to Rule 13d-1(b)1 or 13(d)- 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
Advisors 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; seess.335.401(b)(i)(F)
(g) [ ] Parent Holding Company, in accordance with ss.335.401 (b)(i)(ii)(G),
(Note: See item 7)
(h) [ ] Group, in accordance with ss.335.401(b)(i)(ii)(H)
Item 4 - Ownership
(a) Amount Beneficially Owned:
$406,299
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(b) Percent of Class:
7.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote ...166,553
(ii) shared power to vote or to direct the vote..238,457
(iii) sole power to dispose or to direct the
disposition of .............................152,639
(iv) shared power to dispose or to direct the
disposition of .............................203,158
Item 5 - Ownership of Five Percent or Less of a Class. N/A
Item 6 - Ownership of More Than Five Percent on Behalf of Another
Person. N/A
Item 7 - Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company. N/A
Item 8 - Identification and Classification of Members of the
Group. N/A
Item 9 - Notice of Dissolution of Group. N/A
Item 10 - Certification
The following certification shall be included if the statement is filed
under Rule 13d-1(b).
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 transactions 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.
Date: 1/8/98
/s/ William J. Gering Signature
William J. Gering, Senior Vice President, Trust Division, Carroll
Name/Title Bank and Trust Company
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SCHEDULE OF MASON-DIXON BANCSHARES
CAPITAL STOCK, HELD IN TRUST DEPARTMENT*
AS OF DECEMBER 31, 1997
CARROLL COUNTY BANK, TRUSTEE
FEDERAL ID# 52-0399570
No. of
Shares Account Federal ID#
125508 Mason-Dixon Bancshares Employee 52-6078407
Savings & Investment Plan
39627 Mason-Dixon Bancshares Rabbi Trust 52-6720085
2658 T/U/W Doris H. Wood Adams 52-6485743
800 CT/U/W Elsie Bankert 52-6291295
22554 CT/U/W Bankert-Res. 52-6260835
21002 Estate of Louise K. Bankert 52-6859267
1965 IRA Ruth Bollinger 52-1845639
300 IRA Richard Bollinger 52-1845638
2800 CT/U/W J.R. Brown-Sh Groft 52-6522355
2200 CT/U/W M. Brown Sh Kuhn 52-6522356
1300 CT/U/W J.R. Brown-Res. 52-6257635
1000 AGTENT Dinah Cottrell ###-##-####
1500 TR/U/A V and C Crouch 52-6316951
2100 TR/U/W Davis C2 52-6109572
25200 TR/U/A Henrietta Foutz 52-6415471
1183 AGENT H.G. & A.E. Garrett ###-##-####
2000 TR/U/A F.A. Goodfellow 52-6716812
165 IRA Mary J. Graf 52-1901754
5000 TR/U/A Gertrude Hahn 52-6220066
3107 AGENT Grace Lutheran Church 52-0703289
4500 TR/U/W J. Hahn Jr.,- Res. 52-6230739
920 K. Ray Hollinger Charitable Trust ###-##-####
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No. of
Shares Account Federal ID#
1356 TR/U/W Jenkins-KDJ 52-6389600
315 TR/U/W Jenkins-JRJ 52-6389601
1356 TR/U/W Jenkins-JJ 52-6389602
830 AGENT Emily Johnston ###-##-####
306 AGENT Dora P. Kerr ###-##-####
3362 AGENT John T. Kerr ###-##-####
1400 CT/U/W Porterfield-Marit. 52-6258485
2200 CT/U/W Porterfield-Res. 52-6258483
1863 TR/U/A Thelma M. Primm 52-6333442
183 IRA H. Rappoldt 52-6698853
660 CT/U/W G.D. Resh-Marit. 52-6068815
831 CT/U/W G.D. Resh-Res. 52-6089719
381 IRA Margaret Rosenberger 52-6397091
4404 CT/U/W Schaeffer A 52-6176929
4404 CT/U/W Schaeffer B 52-6176900
200 TR/U/A L & E Seaman 52-6565426
600 IRA George Spittel 52-1717732
2628 AGENT for Trustees U/W F. Teeter 52-6776629
1152 AGENT Temp Houngs ###-##-####
12834 CT/U/W A. Wampler Res. 52-6513860
8010 CT/U/W A. Wampler Mar Sh A 52-6513857
6879 CT/U/W A. Wampler Mar Sh B 52-6513859
37506 TR/U/A Clifton W. Warner 52-6218876
11305 TR/U/W Bertha R. Wentz 52-6183423
11955 TR/U/W Leroy D. Wentz 52-6142184
4745 CT/U/A Yingling/Betty 52-6804697
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No. of
Shares Account Federal ID#
4744 CT/U/A Yingling/Dennis 52-6804695
3500 TR/U/W Yingling/Haines 52-6114682
1289 IRA S. B. Yingling 52-1918650
3700 TR/U/W Yingling/Thomas 52-6114681
3936 TR/U/W Austin Zepp 52-6637911
76 AGENT Westminster Fire Co. 52-0527635
406,299 TOTALS
*Registered in the name of CEDE & Co., ID #13-2555119
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