SC 13D 1 doc1.htm Schedule 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No.    )*



First Valley Bancorp, Inc.
(Name of Issuer)


Common Stock
(Title of Class of Securities)


337422109
(CUSIP Number)



,  

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)


April 13, 2006
(Date of Event which Requires Filling of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ·· 240.13d-1(e), 240.13d-1 (f) or 240.13d-1(g), check the following box.   (    )



Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See · 240.13d-7 for other parties to whom copies are to be sent.

 

* 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 disclosures provided in a prior cover page.

 

The information required on 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).



 




SCHEDULE 13D
CUSIP No. 337422109

  1. Names of Reporting Persons.
Edward T. McPhee, Jr. and Carole T. McPhee
I.R.S. Identification No.

  2. Check the Appropriate Box if a Member of a Group*
(a.)  (    )       (b.)  (    )

  3. SEC USE ONLY

  4. Source of Funds*
PF

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to items 2(d) or 2(e)  (    )

  6. Citizenship or Place of Organization
USA

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power
41,435

8. Shared Voting Power
26,495

9. Sole Dispositive Power

10. Shared Dispositive Power

  11. Aggregate Amount Beneficially Owned by Each Reporting Person
67,930

  12. Check if the Aggregate Amount Represented by Amount in Row (11) Excludes Certain Shares
(See Instructions)   (    )

  13. Percent of Class Represented by Amount in Row (11)
6.4

  14. Type of Reporting Person
IN


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Item 1. Security and Issuer

         The class of securities to which this Schedule 13(D) is related is the Common Stock of First Valley Bancorp, Inc. ("Bancorp"). The address of the principal executive offices of Bancorp is 4 Riverside Avenue, Bristol, Connecticut 06010


Item 2. Identity and Background.


(a)

Name:  Edward T. McPhee, Jr.


(b)

Residence or business address:  Mr. McPhee's principal address is
         99 Beechwood Lane
         Bristol, CT 06010


(c)

Present Principal Occupation or Employment:  Mr. McPhee is a founder of McPhee, LTD and McPhee and Sons, Inc. He is an officer and director of Kozy Koller, Inc.


(d)

Criminal Conviction:  During the past five years, Mr. McPhee has not been convicted in a criminal proceeding (except traffic violations or similar misdemeanors).


(e)

Court or Administrative Proceedings:  No.


(f)

Citizenship:  Mr. McPhee is a citizen of the United States of America


Item 3. Source and Amount of Funds or Other Consideration:

         Mr. McPhee used personal funds to acquire his shares as reputed herein.


Item 4. Purpose of Transaction

         Mr. McPhee purchased his shares of Bancorp for investment purposes. Mr. McPhee does not have any plans or proposals which would result in any of the events described in Item 4 of this Schedule 13(D).




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(a)

The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;


(b)

An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;


(c)

A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;


(d)

Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;


(e)

Any material change in the present capitalization or dividend policy of the issuer;


(f)

Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;


(g)

Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;


(h)

Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;


(i)

A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or


(j)

Any action similar to any of those enumerated above.



Item 5. Interest in Securities of the Issuer.


(a)

Mr. McPhee is the beneficial owner on aggregate of 67,930 shares of First Valley Bancorp, Inc. which represents 6.4% of the shares outstanding.


(b)

Mr. McPhee has sole voting and sole dispositive power with regard to all 41,435 shares.


(c)

There are no transactions in the class of securities regarding this Item 5(c).


 

Transaction
Date

Shares or Units
Purchased (Sold)

Price per
Share or Unit

 

 





 



 

 

 

 


(d)

N/A


(e)

N/A


Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.


         There are no contracts, arrangements, understandings or relationships (legal or otherwise) between Mr. McPhee and any person with respect to any securities of Bancorp.



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Item 7. Material to be Filed as Exhibits.


         None.


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:   March 30, 2006
  Edward T. McPhee, Jr. and Carole T. McPhee

  By: /s/ Edward T. McPhee, Jr. and Carole T. McPhee
      Edward T. McPhee, Jr. and Carole T. McPhee
  Title:    Director 
 


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