SEC Info - Holtzman Seymour, et al. - ‘SC 13D/A’ on 8/29/96 re: First Financial Corp of Western Maryland

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Holtzman Seymour, et al. – ‘SC 13D/A’ on 8/29/96 re: First Financial Corp of Western Maryland

As of: Thursday, 8/29/96 · Accession #: 950144-96-6060 · File #: 5-43168

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/29/96  Holtzman Seymour                  SC 13D/A               1:34K  First Fin’l Corp of Wes… Maryland Bowne of Atlanta Inc/FA
          Allison Holtzman
          Custodial Acct. F/B/O Chelsea Holtzman
          Evelyn Holtzman
          Holtzman Seymour
          Jewelcor Management & Consulting, Inc.
          Steven Holtzman

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    First Financial Corp. of W. Maryland Sch 13D/A-#14    13     59K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Contracts, Arrangements, Understanding or Relationships With Respect to Securities of the Issuer Interest in Securities of the Issuer Is hereby amended to add the following: Is Hereby Amended to Add the Following Paragraph: Is Hereby Amended to Add the Following Paragraphs: Purpose of Transaction Security and Issuer
1	1st Page - Filing Submission
8	Item 1. Security and Issuer
"	Item 2. Is Hereby Amended to Add the Following Paragraphs:
"	Item 3. Is Hereby Amended to Add the Following Paragraph:
"	Item 4. Purpose of Transaction
9	Item 5. Interest in Securities of the Issuer
10	Item 6. Contracts, Arrangements, Understanding or Relationships With Respect to Securities of the Issuer
"	Item 7. Is hereby amended to add the following:

SC 13D/A 1st Page of 13 TOC ↑Top Previous Next ↓Bottom Just 1st
 

UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934 
(AMENDMENT NO. 14)

First Financial Corporation of Western Maryland 
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $1.00 Par Value Per Share 
--------------------------------------------------------------------------------
(Title of Class of Securities)
320226103 
------------------------------------------------------  
(CUSIP Number)
Seymour Holtzman
100 N. Wilkes-Barre Boulevard 
Wilkes-Barre, PA 18702
(717) 822-6277
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and 
Communications) 
August 28, 1996 
------------------------------------------------------  
(Date of Event which Requires Filing of this Statement) 

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition which is the subject of this Schedule 13D, and is filing this   
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].       

Check the following box if a fee is being paid with the statement [ ]. (A fee   
is not required only if the reporting person: (1) has a previous statement on   
file reporting beneficial ownership of more than five percent of the class of   
securities described in Item 1; and (2) has filed no amendment subsequent       
thereto reporting beneficial ownership of five percent or less of such class.)  
(See Rule 13d-7.)                                                               

NOTE: Six copies of this statement, including all exhibits, should be filed     
with the Commission.  See Rule 13d-1(a) 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).                                                                     

SC 13D/A 2nd Page of 13 TOC 1st Previous Next ↓Bottom Just 2nd

SCHEDULE 13D    

CUSIP No. 320226103                            Page     2    of    11    Pages  
  ---------------------                       --------    --------

(1)     Names of Reporting Persons                                          
S.S. or I.R.S. Identification Nos. of Above Persons         
Seymour Holtzman                                
         ---------------------------------------------------------------------

 (2)     Check the Appropriate Box if a Member of a Group*         (a)   [ X ]
                                                                   (b)   [   ]

(3)     SEC Use Only                                                        

         ---------------------------------------------------------------------

(4)     SOURCE OF FUNDS*                                                    
PF                                                          
         ---------------------------------------------------------------------

(5)     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS                        
         IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                      [   ]
Not Applicable                                              
         ---------------------------------------------------------------------

(6)     Citizenship or Place of Organization                                
U.S.                                                        
         ---------------------------------------------------------------------

(7)     Sole Voting Power         
Number of                    -0-                                            
  Shares              --------------------------------------------------------
Beneficially          (8)     Shared Voting Power                             
Owned by                     175,325                                        
   Each               --------------------------------------------------------
Reporting            (9)     Sole Dispositive Power                         
Person With                   -0-                                             
                      --------------------------------------------------------
(10)    Shared Dispositive Power  
  175,325 (See Item 5)
                      --------------------------------------------------------

(11)     Aggregate Amount Beneficially Owned by Each Reporting Person         
175,325                                                     
         ---------------------------------------------------------------------

(12)     Check Box if Aggregate Amount in Row (11) Excludes Certain           
        Shares*                                                         [  ]

         ---------------------------------------------------------------------

(13)     Percent of Class Represented by Amount in Row (11)                   
8.1%                                                        
         ---------------------------------------------------------------------

(14)     Type of Reporting Person*                                            
IN                                                          
         ---------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT!   
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7  
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

SC 13D/A 3rd Page of 13 TOC 1st Previous Next ↓Bottom Just 3rd

SCHEDULE 13D    

CUSIP No. 320226103                            Page     3    of    11    Pages  
  ---------------------                       --------    --------

(1)     Names of Reporting Persons                                          
S.S. or I.R.S. Identification Nos. of Above Persons         
Evelyn Holtzman                                 
         ---------------------------------------------------------------------

 (2)     Check the Appropriate Box if a Member of a Group*         (a)   [ X ]
                                                                   (b)   [   ]

(3)     SEC Use Only                                                        

         ---------------------------------------------------------------------

(4)     SOURCE OF FUNDS*                                                    
PF                                                          
         ---------------------------------------------------------------------

(5)     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS                        
         IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                      [   ]
Not Applicable                                              
         ---------------------------------------------------------------------

(6)     Citizenship or Place of Organization                                
U.S.                                                        
         ---------------------------------------------------------------------

(7)     Sole Voting Power         
Number of                    -0-                                            
  Shares              --------------------------------------------------------
Beneficially          (8)     Shared Voting Power                             
Owned by                     170,825                                        
   Each               --------------------------------------------------------
Reporting            (9)     Sole Dispositive Power                         
Person With                   -0-                                             
                      --------------------------------------------------------
(10)    Shared Dispositive Power  
170,825           
                      --------------------------------------------------------

(11)     Aggregate Amount Beneficially Owned by Each Reporting Person         
170,825                                                     
         ---------------------------------------------------------------------

(12)     Check Box if Aggregate Amount in Row (11) Excludes Certain           
        Shares*                                                         [  ]

         ---------------------------------------------------------------------

(13)     Percent of Class Represented by Amount in Row (11)                   
7.9%                                                        
         ---------------------------------------------------------------------

(14)     Type of Reporting Person*                                            
IN                                                          
         ---------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT!   
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7  
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

SC 13D/A 4th Page of 13 TOC 1st Previous Next ↓Bottom Just 4th

SCHEDULE 13D    

CUSIP No. 320226103                            Page     4    of    11    Pages  
  ---------------------                       --------    --------

(1)     Names of Reporting Persons                                          
S.S. or I.R.S. Identification Nos. of Above Persons         
Jewelcor Management & Consulting, Inc.          
         ---------------------------------------------------------------------

 (2)     Check the Appropriate Box if a Member of a Group*         (a)   [ X ]
                                                                   (b)   [   ]

(3)     SEC Use Only                                                        

         ---------------------------------------------------------------------

(4)     SOURCE OF FUNDS*                                                    
WC, OO                                                      
         ---------------------------------------------------------------------

(5)     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS                        
         IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                      [   ]
Not Applicable                                              
         ---------------------------------------------------------------------

(6)     Citizenship or Place of Organization                                
Nevada, United States                                       
         ---------------------------------------------------------------------

(7)     Sole Voting Power         
Number of                    44,350                                         
  Shares              --------------------------------------------------------
Beneficially          (8)     Shared Voting Power                             
Owned by                     -0-                                            
   Each               --------------------------------------------------------
Reporting            (9)     Sole Dispositive Power                         
Person With                   44,350                                          
                      --------------------------------------------------------
(10)    Shared Dispositive Power  
-0-               
                      --------------------------------------------------------

(11)     Aggregate Amount Beneficially Owned by Each Reporting Person         
44,350                                                      
         ---------------------------------------------------------------------

(12)     Check Box if Aggregate Amount in Row (11) Excludes Certain           
        Shares*                                                         [  ]

         ---------------------------------------------------------------------

(13)     Percent of Class Represented by Amount in Row (11)                   
2.0%                                                        
         ---------------------------------------------------------------------

(14)     Type of Reporting Person*                                            
CO                                                          
         ---------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT!   
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7  
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

SC 13D/A 5th Page of 13 TOC 1st Previous Next ↓Bottom Just 5th

SCHEDULE 13D    

CUSIP No. 320226103                            Page     5    of    11    Pages  
  ---------------------                       --------    --------

(1)     Names of Reporting Persons                                          
S.S. or I.R.S. Identification Nos. of Above Persons         
Custodial Account f/b/o Chelsea Holtzman        
         ---------------------------------------------------------------------

 (2)     Check the Appropriate Box if a Member of a Group*         (a)   [ X ]
                                                                   (b)   [   ]

(3)     SEC Use Only                                                        

         ---------------------------------------------------------------------

(4)     SOURCE OF FUNDS*                                                    
PF, OO                                                      
         ---------------------------------------------------------------------

(5)     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS                        
         IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                      [   ]
Not Applicable                                              
         ---------------------------------------------------------------------

(6)     Citizenship or Place of Organization                                
United States                                               
         ---------------------------------------------------------------------

(7)     Sole Voting Power         
Number of                    1,500                                          
  Shares              --------------------------------------------------------
Beneficially          (8)     Shared Voting Power                             
Owned by                     -0-                                            
   Each               --------------------------------------------------------
Reporting            (9)     Sole Dispositive Power                         
Person With                   1,500                                           
                      --------------------------------------------------------
(10)    Shared Dispositive Power  
-0-               
                      --------------------------------------------------------

(11)     Aggregate Amount Beneficially Owned by Each Reporting Person         
1,500                                                       
         ---------------------------------------------------------------------

(12)     Check Box if Aggregate Amount in Row (11) Excludes Certain           
        Shares*                                                         [  ]

         ---------------------------------------------------------------------

(13)     Percent of Class Represented by Amount in Row (11)                   
.1%                                                         
         ---------------------------------------------------------------------

(14)     Type of Reporting Person*                                            
OO                                                          
         ---------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT!   
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7  
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

SC 13D/A 6th Page of 13 TOC 1st Previous Next ↓Bottom Just 6th

SCHEDULE 13D    

CUSIP No. 320226103                            Page     6    of    11    Pages  
  ---------------------                       --------    --------

(1)     Names of Reporting Persons                                          
S.S. or I.R.S. Identification Nos. of Above Persons         
Allison Holtzman                                
         ---------------------------------------------------------------------

 (2)     Check the Appropriate Box if a Member of a Group*         (a)   [ X ]
                                                                   (b)   [   ]

(3)     SEC Use Only                                                        

         ---------------------------------------------------------------------

(4)     SOURCE OF FUNDS*                                                    
PF, OO                                                      
         ---------------------------------------------------------------------

(5)     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS                        
         IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                      [   ]
Not Applicable                                              
         ---------------------------------------------------------------------

(6)     Citizenship or Place of Organization                                
United States                                               
         ---------------------------------------------------------------------

(7)     Sole Voting Power         
Number of                    3,000                                          
  Shares              --------------------------------------------------------
Beneficially          (8)     Shared Voting Power                             
Owned by                     -0-                                            
   Each               --------------------------------------------------------
Reporting            (9)     Sole Dispositive Power                         
Person With                   3,000                                           
                      --------------------------------------------------------
(10)    Shared Dispositive Power  
-0-               
                      --------------------------------------------------------

(11)     Aggregate Amount Beneficially Owned by Each Reporting Person         
3,00                                                        
         ---------------------------------------------------------------------

(12)     Check Box if Aggregate Amount in Row (11) Excludes Certain           
        Shares*                                                         [  ]

         ---------------------------------------------------------------------

(13)     Percent of Class Represented by Amount in Row (11)                   
.1%                                                         
         ---------------------------------------------------------------------

(14)     Type of Reporting Person*                                            
IN                                                          
         ---------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT!   
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7  
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

SC 13D/A 7th Page of 13 TOC 1st Previous Next ↓Bottom Just 7th

SCHEDULE 13D    

CUSIP No. 320226103                            Page     7    of    11    Pages  
  ---------------------                       --------    --------

(1)     Names of Reporting Persons                                          
S.S. or I.R.S. Identification Nos. of Above Persons         
Steven Holtzman                                 
         ---------------------------------------------------------------------

 (2)     Check the Appropriate Box if a Member of a Group*         (a)   [ X ]
                                                                   (b)   [   ]

(3)     SEC Use Only                                                        

         ---------------------------------------------------------------------

(4)     SOURCE OF FUNDS*                                                    
PF, OO                                                      
         ---------------------------------------------------------------------

(5)     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS                        
         IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                      [   ]
Not Applicable                                              
         ---------------------------------------------------------------------

(6)     Citizenship or Place of Organization                                
United States                                               
         ---------------------------------------------------------------------

(7)     Sole Voting Power         
Number of                    -0-                                            
  Shares              --------------------------------------------------------
Beneficially          (8)     Shared Voting Power                             
Owned by                     3,000                                          
   Each               --------------------------------------------------------
Reporting            (9)     Sole Dispositive Power                         
Person With                   -0-                                             
                      --------------------------------------------------------
(10)    Shared Dispositive Power  
3,000             
                      --------------------------------------------------------

(11)     Aggregate Amount Beneficially Owned by Each Reporting Person         
3,000                                                       
         ---------------------------------------------------------------------

(12)     Check Box if Aggregate Amount in Row (11) Excludes Certain           
        Shares*                                                         [  ]

         ---------------------------------------------------------------------

(13)     Percent of Class Represented by Amount in Row (11)                   
.1%                                                         
         ---------------------------------------------------------------------

(14)     Type of Reporting Person*                                            
IN                                                          
         ---------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT!   
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7  
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

SC 13D/A 8th Page of 13 TOC 1st Previous Next ↓Bottom Just 8th

                                                                    PAGE 8 OF 11

ITEM 1. SECURITY AND ISSUER                                                     

No Amendment.                                                 

ITEM 2. IS HEREBY AMENDED TO ADD THE FOLLOWING PARAGRAPHS:                      

               During the last five years, Steven Holtzman, Allison Holtzman
   and Jewelcor Management & Consulting, Inc. ("JM&C") have not been
      convicted in a criminal proceeding (excluding traffic violations and
      similar misdemeanors).  Additionally, JM&C has not been a party to a
      civil proceeding of a judicially or administrative body of competent
        jurisdiction and as a result of such proceeding was or is subject to a
    judgment, decree or final order enjoining future violations of, or
  prohibiting or mandating activities subject to, federal or state
     securities laws or finding any violation with respect to such laws.

ITEM 3. IS HEREBY AMENDED TO ADD THE FOLLOWING PARAGRAPH:                       

            On May 5, 1995, 3,000 shares of the Company's Common Stock
    held in a Custodial Account f/b/o Steven Holtzman were transferred
 into a joint account in the name of Seymour Holtzman and Steven
      Holtzman.  On February 9, 1994, 3,000 shares of the Company's Common
      Stock were transferred from the AH Trust f/b/o Allison Holtzman into
an individual account in the name of Allison Holtzman.        

ITEM 4.  PURPOSE OF TRANSACTION                                                 

                The Reporting Persons each acquired their respective shares of
 the Company's Common Stock for the purpose of  investment.  The
  Reporting Persons are each evaluating, and expect to continue to
evaluate, their respective perceptions of their investment's  
     potential, the Company's business prospects and financial position,
      the price level of the Common Stock, and opportunities to acquire or
    dispose of Common Stock or realize trading profits.  The Reporting
  Persons may in the future take such actions with respect to such
   holdings in the Company as each deems appropriate in light of the
       circumstances existing from time to time.  In addition, the Reporting
    Persons, jointly or individually, may either dispose of any or all
        securities of the Company, or purchase additional Common Stock, in any
manner permitted by applicable securities laws.               

               The Reporting Persons believe that the per share value of the
   Company's Common Stock is not adequately reflected in the current
        market price of the Company's Common Stock and that the Company should
      consider taking steps to realize the inherent value of its franchise
in a manner designed to maximize shareholder value.           

                As part of their continuing efforts to assess the value of its
investment in the Company, the Reporting Persons may and have 
      communicated with, among others, the Company's management, its Board
 of Directors, and other stockholders of the Company, in manners
      permitted by applicable securities laws.  In addition, the Reporting
       Persons reserve the right to exercise any and all of their respective
   rights as stockholders of the Company in a manner consistent with
their equity interests.                                       

               In connection with the 1996 Annual Meeting of Stockholders of
 the Company, Seymour Holtzman intends to nominate the following
    individuals to serve as directors for the three year term expiring
        1999:  Seymour Holtzman, Janet I. Kemmet, John D. Schartiger and David
     L. Tressler (the "Nominees").  Such nominations pertain to the 1996
   Annual Meeting of the Company to be held on October 24, 1996 (the
      "Annual Meeting").  Mr. Holtzman intends to commence solicitation of
     proxies  in favor of the Nominees and in opposition to the slate of
       nominees proposed by the Company as soon as is permitted by the rules
      of the Securities and Exchange Commission (the "Commission") and has
     filed a preliminary proxy statement with the Commission pursuant to
        Regulation 14A of the Securities and Exchange Act of 1934, as amended.
Mr. Holtzman intends  to vote for the Nominees and against the
    Company's proposed slate of directors.  Mr. Holtzman does not seek
control of the Company.                                       

            Background information on each of these individuals, which
  will be provided to the Company in accordance with the Company's
bylaws, is as follows:                                        

           MR. HOLTZMAN.  Since 1990, Mr. Holtzman has served as the
Chairman and Chief Executive Officer of each of the following 
      companies:  Jewelcor Management & Consulting, Inc., a management and
      consulting firm in Wilkes-Barre, Pennsylvania; C.D. Peacock, Inc., a
jewelry company based                                         

SC 13D/A 9th Page of 13 TOC 1st Previous Next ↓Bottom Just 9th

                                                                    PAGE 9 OF 11

     in Chicago; Central European Capital Investors, Inc., an investment
        company operating in eastern Europe; and S.A. Peck & Co., a mail order
       jewelry company based in Chicago, Illinois.  Mr. Holtzman has over 30
      years of management experience, and has been featured in a number of
      national business publications, including Forbes, Business Week, The
        Wall Street Journal, and The New York Times.  Mr. Holtzman has been an
 investor in the banking and thrift industry since 1972, and his
      actions in defense of stockholder rights have been chronicled in The
  American Banker, The Washington Post, and SNL Securities Monthly
       Market Report.  A philanthropist, Mr.  Holtzman was named "Man of the
      Year" by the Cardinal Cushing School and Training Center in  Boston,
Massachusetts in 1987.                                        

       MS. KEMMET.  Since 1992, Ms. Kemmet has served as the
     President of Happenstance, Inc., d/b/a Pennywhistle's, a restaurant
    and catering business located in Cumberland, Maryland.  Ms. Kemmet
      served as Vice President and Director of Marketing for First Federal
     Savings Bank of Western Maryland ("First Federal"), a subsidiary of
        the Company, from 1988 to 1995.  During her tenure with First Federal,
    Ms.  Kemmet was responsible for investor relations and a member of
  First Federal's Asset/Liability Committee.  Ms. Kemmet served as
       Assistant Director of Marketing and Director of Employee Training for
      Hagerstown Trust Company, a commercial banking company, from 1980 to
      1988.  Ms. Kemmet is a member of the Downtown Development Commission
 for Cumberland, Maryland, and a past Director of the Cumberland
   Theater Board.  She currently serves as a member of its Executive
  Committee.  From 1994 to the present, Ms. Kemmet has served as a
      Director for Cumberland Neighborhood Housing Services, and from 1993
        to the present, has served on the Allegany County Economic Development
     Enterprise Zone Board.  Ms. Kemmet is also a member (and was a past
director) of the Cumberland Rotary Club.                      

          MR. SCHARTIGER.  Mr. Schartiger was an employee with the
     Company for 38 years.  Mr. Schartiger began his employment with the
Company in June, 1955, in the Accounting and Mortgage Closing 
     Departments.  From 1963 to 1977, he served as Branch Manager of the
        Company's Braddock Square office.  In 1977, Mr. Schartiger returned to
       the main office and was promoted to Manager of the Savings Department
    and Company Secretary.  In 1978, Mr. Schartiger was appointed Vice
      President of the Company, and, in 1982, he was appointed Senior Vice
     President.  As Senior Vice President, Mr. Schartiger held the third
        highest ranking executive position at the Company, responsible for all
aspects of growing the deposit base of the Company, day-to-day
 operations at the Company's branch offices, and bank regulatory
   matters.  Mr. Schartiger retired from the Company on December 31,
     1992, however, he was asked by the Company to return as a part-time
    employee from January through June 1993 to assist in opening a new
      branch office.  Mr. Schartiger is a past Master of Potomac Lodge 100
        where he also served as its Treasurer.  He is a member of the Scottish
   Rite and a member of the Allighan Shrine Club where he previously
       served as Treasurer.  Mr. Schartiger served on the Board of Directors
  of Big Brothers/Big Sisters from 1986 to 1993.  H is currently a
      member of the Cumberland Moose Lodge and the Cumberland Eagles.  Mr.
    Schartiger is also a member of St. Paul's Lutheran Church where he
serves on the Permanent Endowment Committee.                  

               MR. TRESSLER.  Since January, 1996, Mr. Tressler has been the
Executive Director of the Northeastern Pennsylvania Physicians
        Organization (NEPPO), a trade association based in Pennsylvania.  From
    1991 to 1995, Mr. Tressler served as the Executive Director of the
      University of Scranton (Pennsylvania) Center For Public Initiatives,
  and from 1981 to the present, he has served as a Director of the
     Pennsylvania Power and Light Company (now the Pennsylvania Resource
        Company), a publicly traded power company listed on the New York Stock
    Exchange.  Mr. Tressler served as the Chairman and Chief Executive
       Officer ("CEO") of the Northeastern Bank of Pennsylvania from 1980 to
        1991, and as the Vice- Chairman and a member of the Board of Directors
    of PNC Financial Corp., a financial services company, from 1985 to
        1995.  From 1991 to 1996, Mr. Tressler served as the President and CEO
  of the Northeastern Regional Cancer Institute, a cancer research
center, and as the President of the Northeastern Pennsylvania 
       Technology Council, a non-profit trade association.  From 1990 to the
      present, Mr.  Tressler has served as the Director of PHICO Insurance
  Company, and served as a Director of Mercy Hospital of Scranton,
   Pennsylvania, from 1980 to 1995.  Mr. Tressler is a member of the
    Pennsylvania Council on Economic Education.  For the last fourteen
  years, Mr. Tressler has been a member and Director of the of the
       Pennsylvania Industrial Development Authority.  In 1996, Mr. Tressler
     was elected to Penn State University, Worthington Scranton Advisory
Board.                                                        

             Except as set forth above, as of the date of this Schedule,
     none of the Reporting Persons has any plans or proposals that would
result in or relate to any of the transactions described in   
subparagraphs (a) through (j) of Item 4 of Rule 13 D-101.     

ITEM 5.          INTEREST IN SECURITIES OF THE ISSUER                           

                Item 5 is hereby amended by deleting the existing paragraph of
       subsection (a) thereof in its entirety and inserting the following as
the new subsection (a) in substitution thereof:               

SC 13D/A 10th Page of 13 TOC 1st Previous Next ↓Bottom Just 10th

                                                                   PAGE 10 OF 11

     (a)    As of August 28, 1996, the Reporting Persons
    beneficially owned an aggregate of 178,325 shares of Common Stock,
     constituting 8.19% of the outstanding shares of Common Stock of the
      Company, based on the number of outstanding shares reported in the a
        press release, dated August 1, 1996, issued by the Company, an excerpt
of which is attached hereto as Exhibit 1.                     

        Notwithstanding that Mr. Holtzman disclaims beneficial
      ownership of the shares of Common Stock owned by the other Reporting
 Persons, Mr. Holtzman may be deemed the beneficial owner of all
        175,325 shares of the Common Stock (8.05% of the outstanding shares of
        the Company's Common Stock, based on the number of outstanding (shares
  reported in a press release, dated August 1, 1996, issued by the
        Company, an excerpt of which is attached hereto as Exhibit 1) owned by
   the Reporting Persons, including the 1,500 shares of Common Stock
        (.07% of the outstanding shares of the Company's Common Stock reported
     in a press release, dated August 1, 1996, issued by the Company, an
excerpt of which is attached hereto as Exhibit 1) owned by the
        Custodial Account f/b/o Chelsea Holtzman of which Mrs. Holtzman is the
custodian and the 3,000 shares of Common Stock (.14% of the   
       outstanding shares of the Company's Common Stock, based on the number
    of outstanding shares reported in a press release, dated August 1,
        1996, issued by the Company, an excerpt of which is attached hereto as
        Exhibit 1) held jointly by Mr.  Holtzman and Steven Holtzman.  In this
   regard, the shares of Common Stock reported as being owned by Mr.
 Holtzman on the applicable cover page of this Schedule 13 D are
       presently being held in joint accounts.  To the extent that shares of
      Common Stock are held in such joint accounts, excluding those shares
     that are held in a joint account with Steven Holtzman, Mr. Holtzman
      shares voting and dispositive power with respect to such shares with
Mrs. Holtzman.                                                

         As of August 28, 1996, Mr. Holtzman and his son, Steven
       Holtzman, jointly and beneficially owned an aggregate of 3,000 shares
      of the Company's Common Stock (.14% of the outstanding shares of the
   Company's Common Stock, based on the number of outstanding shares
  reported in a press release, dated August 1, 1996, issued by the
       Company, an excerpt of which is attached hereto as Exhibit 1).  These
 shares were previously held in a Custodial Account f/b/o Steven
       Holtzman and subsequently transferred into a joint account in both of
their names on May 5, 1995.  Mr. Holtzman shares voting and   
     dispositive power with respect to such shares with Steven Holtzman.

               As of August 28, 1996, Allison Holtzman, the daughter of Mr &
       Mrs. Holtzman, beneficially owned an aggregate of 3,000 shares of the
Company's Common Stock (.14% of the outstanding shares of the 
   Company's Common Stock, based on the number of outstanding shares
  reported in a press release, dated August 1, 1996, issued by the
       Company, an excerpt of which is attached hereto as Exhibit 1).  These
  shares were previously held in a Custodial Account f/b/o Allison
       Holtzman and were subsequently transferred into an individual account
     in her name on February 9, 1994.  Mr. Holtzman disclaims beneficial
ownership of these shares of Common Stock.                    

               As of August 28, 1996, "JM&C" beneficially owned an aggregate
      of 44,350 shares of Common Stock (2.04% of the outstanding shares of
       the Company's Common Stock, based on the number of outstanding shares
  reported in a press release, dated August 1, 1996, issued by the
       Company, an excerpt of which is attached hereto as Exhibit 1).  Mr. &
      Mrs. Holtzman are the majority shareholders of JM&C, and, therefore,
   may be deemed the beneficial owners of the shares of Common Stock
being covered by this Schedule 13D.                           

ITEM 6.          CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS WITH   
RESPECT TO SECURITIES OF THE ISSUER.          

        Except as described in this Schedule 13D, there are no
    contracts, arrangements, understandings or relationships (legal or
 otherwise) among the Reporting Person and any other person with
      respect to the securities of the Company, including, but not limited
 to, transfer or voting of any of the securities of the Company,
    finder's fees, joint venture, loan or option arrangements, puts or
   calls, guarantees of profits, division of profits or loss, or the
giving or withholding of proxies.                             

ITEM 7.          Is hereby amended to add the following:                        

              Exhibit 1.  Excerpt from press release issued by the Company
dated August 1, 1996.                                         

            Exhibit 2.  Joint Filing Agreement, dated August 28, 1996.

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                                                                   PAGE 11 OF 11

SIGNATURES

              After reasonable inquiry and to the best of my knowledge and
        belief, We certify that the information set forth in this statement is
true, complete and correct.                                   

                Pursuant to the requirements of the Securities Exchange Act of
        1934, this Schedule 13D has been signed below by the following persons
in the capacities and on the date indicated.                  

Dated:   August 28, 1996                                      

                  /s/ Seymour Holtzman
                                    --------------------------------------
              Seymour Holtzman

                 /s/ Steven Holtzman
                                    --------------------------------------
             Steven Holtzman

                  /s/ Allison Holtzman
                                    --------------------------------------
              Allison Holtzman

             Evelyn Holtzman

                       By:  /s/ Seymour Holtzman
                                       -----------------------------------
                                        Seymour Holtzman, Attorney-In-Fact

                              Jewelcor Management & Consulting

                       By:  /s/ Seymour Holtzman
                                       -----------------------------------
                                       Seymour Holtzman, President & CEO

                             Custodial Account f/b/o Chelsea

                       By:  /s/ Seymour Holtzman
                                       -----------------------------------
                                        Seymour Holtzman, Attorney-In-Fact

ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL    
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)                                        

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                                                                   EXHIBIT 1

PRESS RELEASE                                                                   
Page 3 of 3                                                                     
August 1, 1996                                                                  

FIRST FINANCIAL CORPORATION OF WESTERN MARYLAND   
SUMMARY OF OPERATING RESULTS  

                                                                [Download Table]

FISCAL YEAR ENDED JUNE 30:                             1996           1995      
--------------------------                         ------------   ------------- 
                                                                                
Net income (loss) before income taxes              $  5,871,000   $  (1,984,000)

Provision for (benefit from) income taxes          $  2,271,000   $    (765,000)
                                                   ------------   ------------- 

Net income (loss)                                  $  3,600,000   $  (1,219,000)
                                                   ============   ============= 

Provision for loan losses                          $    600,000   $   5,985,000 

Net income (loss) per share                        $       1.65   $       (0.56)
Average shares outstanding                            2,180,269       2,174,825 

Return on average assets                                   1.09%            N/A 
Return on average stockholders' equity                     8.97%            N/A 


QUARTER ENDED JUNE 30:                                 1996           1995      
----------------------                             ------------   ------------- 
                                                                                
Net income (loss) before income taxes              $  1,629,000   $  (1,937,000)

Provision for (benefit from) income taxes          $    630,000   $    (747,000)
                                                   ------------   ------------- 

Net income (loss)                                  $    999,000   $  (1,190,000)
                                                   ============   ============= 

Provision for loan losses                          $    150,000   $   2,772,000 

Net income (loss) per share                        $       0.46   $       (0.54)
Average shares outstanding                            2,197,178       2,185,079 

Annualized return on average assets                        1.23%            N/A 
Annualized return on average stockholders' equity          9.66%            N/A 


                                                     06/30/96       06/30/95    
                                                   ------------   ------------- 
                                                                                
Total assets                                       $321,994,000   $ 329,375,000 
Total loans                                        $243,113,000   $ 223,066,000 
Total deposits                                     $274,756,000   $ 283,360,000 
Total stockholders' equity                         $ 41,707,000   $  38,470,000 
Total shares outstanding                              2,176,739       2,130,212 
Book value per share                               $      19.16   $       18.06 


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                                                                       EXHIBIT 2

AGREEMENT 

   This will confirm the agreement by and among all the undersigned that
the Schedule 13D filed on or about this date with respect to the beneficial     
ownership of the undersigned of shares of Common Stock of the Company is being  
filed on behalf of each of the individuals named below.  This Agreement may be  
executed in two or more counterparts, each of which shall be deemed an          
original, but all of which together shall constitute one and the same           
instrument.                                                                     

Dated: August 28, 1996                                                          

            /s/ Seymour Holtzman
                             -------------------------------------
        Seymour Holtzman

           /s/ Steven Holtzman
                             -------------------------------------
       Steven Holtzman

            /s/ Allison Holtzman
                             -------------------------------------
        Allison Holtzman

       Evelyn Holtzman

                 By:  /s/ Seymour Holtzman
                                ----------------------------------
                          Seymour Holtzman, Attorney-In-Fact

                        Jewelcor Management & Consulting

                 By:  /s/ Seymour Holtzman
                                ----------------------------------
                         Seymour Holtzman, President & CEO

                       Custodial Account f/b/o Chelsea

                 By:  /s/ Seymour Holtzman
                                ----------------------------------
                          Seymour Holtzman, Attorney-In-Fact

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

	10/24/96	8
Filed on:	8/29/96
	8/28/96	1	13	PREC14A
	8/1/96	10	12	8-K
	5/5/95	8	10
	2/9/94	8	10
	12/31/92	9
				List all Filings

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Filing Submission 0000950144-96-006060 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Holtzman Seymour, et al. – ‘SC 13D/A’ on 8/29/96 re: First Financial Corp of Western Maryland

As of: Thursday, 8/29/96 · Accession #: 950144-96-6060 · File #: 5-43168

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Amendment to General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

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Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Schedule 13D
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