SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
For December 31, 1998
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. 5)
Mason-Dixon Bancshares, Inc.
(Name of Issuer)
Common Stock
(Title of class of securities)
575207105
(Cusip Number)
December 31, 1998
(Date of Event Which Required Filing of this Statement)
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
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)
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CUSIP No. 575207105 13G Page of Pages
----- -----
================================================================================
1 Names of Reporting Person
IRS Identification No. of above persons (Entities Only)
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) |_|
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
A Maryland Corporation
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of 128,595
Shares
Beneficially
Owned by
Each
Reporting
Person With
--------------------------------------------------------------
6 Shared Voting Power
247,647
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7 Sole Dispositive Power
115,381
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8 Shared Dispositive Power
208,750
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
377,706
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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
7.44%
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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 Issuer:
Mason-Dixon Bancshares, Inc.
Item 1(b) - Address of Issuer'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), or 13(d)-2(b) or
(c), Check Whether the Person Filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Exchange Act
(b) [x] 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) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1
(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with Rule 13d-1
(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act;
(i) [ ] A 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).
If this statement is filed pursuant to Rule 13d-1(c), check this box. |_|
Item 4 - Ownership
(a) Amount Beneficially Owned:
377,706
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(b) Percent of Class:
7.44%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote ...128,595
(ii) shared power to vote or to direct the vote..247,647
(iii) sole power to dispose or to direct the
disposition of .............................115,381
(iv) shared power to dispose or to direct the
disposition of .............................208,750
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 - Certifications
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 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.
Date: 1/25/99
/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, 1998
CARROLL COUNTY BANK, TRUSTEE
FEDERAL ID# 52-0399570
No. of
Shares Account Federal ID#
135900 Mason-Dixon Bancshares Employee 52-6078407
Savings & Investment Plan
42525 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
15754 CT/U/W Bankert-Res. 52-6260835
16902 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
1500 TR/U/A V and C Crouch 52-6316951
2100 TR/U/W Davis C2 52-6109572
100 CUSTODIAN G. Walther Ewalt ###-##-####
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
3177 AGENT Grace Lutheran Church 52-0703289
4500 TR/U/W J. Hahn Jr.,- Res. 52-6230739
500 K. Ray Hollinger Charitable Trust ###-##-####
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No. of
Shares Account Federal ID#
100 TR/U/W Jenkins-KDJ 52-6389600
200 TR/U/W Jenkins-JRJ 52-6389601
900 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
4404 CT/U/W Schaeffer A 52-6176929
4404 CT/U/W Schaeffer B 52-6176900
600 IRA George Spittel 52-1717732
3628 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
9805 TR/U/W Bertha R. Wentz 52-6183423
10455 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
1364 IRA S. B. Yingling 52-1918650
3500 TR/U/W Yingling/Thomas 52-6114681
3936 TR/U/W Austin Zepp 52-6637911
76 AGENT Westminster Fire Co. 52-0527635
377,706 TOTALS
*Registered in the name of CEDE & Co., ID #13-2555119
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