-----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, KEhByuF78UEqcai8pS1wbnIqDGuPCQtUGgz89esI5xC3HXtLA1kXYLA3SSlS4JTZ ygGfFtwjPdIV39nZXV/eGQ== 0001036050-99-000196.txt : 19990209 0001036050-99-000196.hdr.sgml : 19990209 ACCESSION NUMBER: 0001036050-99-000196 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROGRESS FINANCIAL CORP CENTRAL INDEX KEY: 0000790183 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 232413363 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-37658 FILM NUMBER: 99524083 BUSINESS ADDRESS: STREET 1: PO BOX 3036 CITY: BLUE BELL STATE: PA ZIP: 19422-0764 BUSINESS PHONE: 6108258800 MAIL ADDRESS: STREET 1: 4 SENTRY PARKWAY STREET 2: SUITE 200 CITY: BLUE BELL STATE: PA ZIP: 19422-0764 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EMERALD ADVISERS INC /PA/ /ADV CENTRAL INDEX KEY: 0000881235 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 232664857 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1857 WILLIAM PENN WAY STREET 2: STE 204 CITY: LANCASTER STATE: PA ZIP: 17601 BUSINESS PHONE: 7173961116 MAIL ADDRESS: STREET 1: P O BOX 10666 CITY: LANCASTER STATE: PA ZIP: 17605 FORMER COMPANY: FORMER CONFORMED NAME: EMERALD ADVISERS INC /PA/ /ADV DATE OF NAME CHANGE: 19970207 SC 13G 1 SCHEDULE 13G -------------------------------------- OMB APPROVAL ====================================== OMB Number: 3235-0145 Expires: December 31, 1997 Estimated average burden hours per response. . .14.90 -------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___)* Progress Financial Corporation - -------------------------------------------------------------------------------- Name of Issuer) Progress Financial Corporation Common Stock par value $1.00 - -------------------------------------------------------------------------------- (Title of Class of Securities) 743266108 ---------------------------- (CUSIP Number) *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). Page 1 of 4 pages - ----------------------- ----------------------------- CUSIP NO. 743266108 13G PAGE 2 OF 4 PAGES - -----------============ ----------------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EMERALD ADVISERS, INC. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 PENNSYLVANIA - ------------------------------------------------------------------------------ SOLE VOTING POWER NUMBER OF 5 176,754 SHARES ------------------------------------------------- BENEFICIALLY SHARED VOTING POWER 6 OWNED BY 0 ------------------------------------------------- EACH SOLE DISPOSITIVE POWER REPORTING PERSON 7 273,877 ------------------------------------------------- WITH SHARED DISPOSITIVE POWER 8 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 273,877 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 5.2 % - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IA - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! SCHEDULE 13G PAGE 3 OF 4 EMERALD ADVISERS, INC. ITEM 1. (a) The name of the issuer is Progress Financial Corporation. (b) The address of issuer's principal executive offices is 4 Sentry Parkway, Suite 230, Blue Bell, Pennsylvania 19422. ITEM 2. (a) The name of the person filing is Emerald Advisers, Inc. (b) The address of the principal office of the person filing is 1857 William Penn Way, Lancaster, Pennsylvania 17601. (c) The state of organization is Pennsylvania. (d) The title of class of security is common stock par value $1.00. (e) The CUSIP number is 743266108. ITEM 3. (e) The person filing is an Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. ITEM 4. (a) The amount beneficially owned is 273,877 shares of common stock. (b) The percent of class is 5.2%. (c)(i) The number of shares as to which Emerald Advisers, Inc. has sole voting power is 176,754. (c)(ii) The number of shares as to which Emerald Advisers, Inc. has shared voting power is 0. (c)(iii) The number of shares as to which Emerald Advisers, Inc. has sole dispositive power is 273,877. (c)(iv) The number of shares as to which Emerald Advisers, Inc. holds shared dispositive power is 0. SCHEDULE 13G PAGE 4 OF 4 EMERALD ADVISERS, INC. ITEM 5. Not applicable. ITEM 6. Other persons have the right to receive and/or the power to direct the receipt of dividends from, and the proceeds from the sale of, such securities. ITEM 7. Not applicable. ITEM 8. Not applicable. ITEM 9. Not applicable. ITEM 10. 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 such purposes 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. 1/21/99 ____________________________________ Date Scott L. Rehr ____________________________________ Signature Scott L. Rehr, Senior Vice President -----END PRIVACY-ENHANCED MESSAGE-----