-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BPhhyhxF7UVFzQAkPsUdEPut9pATGqKWpoRawAoevMZwTIyBwv7qRc96bnMJSoLV WPxG1gDLcirbcE6PzWgiVg== 0000909654-99-000136.txt : 19990218 0000909654-99-000136.hdr.sgml : 19990218 ACCESSION NUMBER: 0000909654-99-000136 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990217 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GRAND CENTRAL FINANCIAL CORP CENTRAL INDEX KEY: 0001070680 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 341877137 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-55853 FILM NUMBER: 99543703 BUSINESS ADDRESS: STREET 1: C/O CENTRAL FEDERAL SAVINGS AND LOAN STREET 2: ASSOCIATION OF WELLSVILLE 601 MAIN ST CITY: WELLSVILLE STATE: OH ZIP: 43968 BUSINESS PHONE: 3305321517 MAIL ADDRESS: STREET 1: C/O CENTRAL FEDERAL SAVINGS & LOAN STREET 2: WELLSVILLE /601 MAIN ST CITY: WELLSVILLE STATE: OH ZIP: 43968 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL FED SAVINGS & LOAN ASSO OF WELLSVILLE EMP STO OWN PL CENTRAL INDEX KEY: 0001078430 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 341877137 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O GRAND CENTRAL FINANCIAL CORP STREET 2: 601 MAIN STREET CITY: WELLSVILLE STATE: OK ZIP: 43968 BUSINESS PHONE: 3305321517 MAIL ADDRESS: STREET 1: C/O GRAND CENTRAL FINANCIAL CORP. STREET 2: 801 MAIN STREET CITY: WELLESVILLE STATE: OK ZIP: 43968 SC 13G 1 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Grand Central Financial Corp. _______________________________________________________________ (Name of Issuer) Common Stock par value $.01 per share _______________________________________________________________ (Title of Class of Securities) 38527S-10-2 _______________________________________________________________ (CUSIP Number) _______________________________________________________________ (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) *The remainder of this cover page 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 that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEC 1745 (2-95) Page 1 of 5 pages 2 ________________________________________________________________________________ CUSIP NO. 38527S-10-2 13G Page 2 of 5 Pages ________________________________________________________________________________ ________________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Central Federal Savings and Loan Association of Wellsville Employee Stock Ownership Plan IRS ID No. 34-1877137 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* _ (a) |_| (b) |_| ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Federally chartered stock savings institution's employee stock benefit plan organized in Ohio. ________________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF 155,110 SHARES ___________________________________________________________ 6 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY ___________________________________________________________ 7 SOLE DISPOSITIVE POWER EACH 155,110 REPORTING ___________________________________________________________ 8 SHARED DISPOSITIVE POWER PERSON WITH -0- ________________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 155,110 ________________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ________________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.0% of 1,938,871 shares of Common Stock outstanding as of December 31, 1998. ________________________________________________________________________________ 12 TYPE OF REPORTING PERSON* EP ________________________________________________________________________________ *SEE INSTRUCTION BEFORE FILLING OUT! 3 CENTRAL FEDERAL SAVINGS AND LOAN ASSOCIATION OF WELLSVILLE EMPLOYEE STOCK OWNERSHIP PLAN SCHEDULE 13G Item 1(a) Name of Issuer: Grand Central Financial Corp. Item 1(b) Address of Issuer's Principal Executive Offices: 601 Main Street Wellsville, Ohio 43968 Item 2(a) Name of Person Filing: Central Federal Savings and Loan Association of Wellsville Employee Stock Ownership Plan Trustee: First Bankers Trust, N.A. 1201 Broadway Quincy, Illinois 62301 Item 2(b) Address of Principal Business Offices or, if none, Residence: 601 Main Street Wellsville, Ohio 43968 Item 2(c) Citizenship: Federally chartered stock savings institution's employee stock benefit plan organized in Ohio. Item 2(d) Title of Class of Securities: Common Stock par value $.01 per share Item 2(e) CUSIP Number: 38527S-10-2 Item 3 The person filing this statement is an employee benefit plan which is subject to the provisions of the Employee Retirement Income Security Act of 1974. Item 4 Ownership. As of December 31, 1998, the reporting person beneficially owned 155,110 shares of the issuer. This number of shares represents 8.0% of the common stock, par value $.01, of the issuer, based upon 1,938,871 shares of such common stock outstanding as of December 31, 1998. As of December 31, 1998, the reporting person has sole power to vote or to direct the vote of 155,110 of the shares and shares voting power over 0 shares. The reporting person has the sole power to dispose or direct the disposition of 155,110 shares of common stock. Page 3 of 5 pages 4 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 Page 4 of 5 pages 5 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 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. February 16, 1999 ___________________________________________________ (Date) /s/ William R. Wiliams __________________________________________________ (Signature) President ___________________________________________________ (Title) Page 5 of 5 pages -----END PRIVACY-ENHANCED MESSAGE-----