UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
United Community Financial Corp.
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(Name of Issuer)
Common shares, without par value
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(Title of Class of Securities)
909839 10 2
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(CUSIP Number)
December 31, 2001
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(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).
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CUSIP No. 909839 10 2 13G
-----------
----------------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
United Community Financial Corp. Employee Stock Ownership Plan
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
-------------------------- -------- --------------------------------------------
5 SOLE VOTING POWER
-0-
-------- --------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED -0-
BY EACH
REPORTING PERSON -------- --------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
-------- --------------------------------------------
8 SHARED DISPOSITIVE POWER
4,291,699
-------------------------- -------- --------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,291,699
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.0%
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12 TYPE OF REPORTING PERSON*
EP
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2
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CUSIP No. 909839 10 2 13G
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----------------------------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Riggs Bank N.A.
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------------- -------- --------------------------------------------
5 SOLE VOTING POWER
3,595,367
NUMBER OF
-------- --------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED -0-
BY EACH
-------- --------------------------------------------
REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH
-0-
-------- --------------------------------------------
8 SHARED DISPOSITIVE POWER
4,291,699
-------------------------- -------- --------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,291,699
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.0%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BK
---------- ---------------------------------------------------------------------
3
Item 1(a). Name of Issuer:
---------
United Community Financial Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
---------
275 Federal Plaza West
Youngstown, OH 44503-1203
Item 2(a). Name of Persons Filing:
---------
United Community Financial Corp. Employee Stock Ownership Plan
Riggs Bank N.A.
Item 2(b). Address of Principal Business Office or, if none, Residence:
---------
United Community Financial Corp. Employee Stock Ownership Plan
Riggs Bank N.A., Trustee
808 17th Street, NW
Washington, D.C. 20006
Riggs Bank N.A.
808 17th Street, NW
Washington, D.C. 20006
Item 2(c). Citizenship:
---------
United Community Financial Corp. Employee Stock Ownership Plan
Organized in Ohio
Riggs Bank N.A.
Organized under the laws of the United States
Item 2(d). Title and Class of Securities:
---------
Common shares, without par value
Item 2(e). CUSIP Number:
---------
909839 10 2
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
------ or 13d-2(b) or (c), check whether the person filing is
a:
(a) [ ] Broker or Dealer registered under
Section 15 of the Act
(15 U.S.C. 78o).
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(b) [ x ] Bank as defined in section 3(a)(6) of
the Act (15 U.S.C. 78c).
(c) [ ] Insurance Company as defined in
section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment Company registered under
section 8 of the Investment Company
Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance
with ss. 240.13d-1(b)(1)(ii)(E).
(f) [ x ] An employee benefit plan or endowment
fund in accordance with
ss. 240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control
person in accordance with ss.
240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in
Section 13(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from
the definition of an investment
company under Section 3(c)(14) of the
Investment Company Act of 1940
(15 U.S.C. 80a-3).
(j) [ ] A group, in accordance with ss.
240.13d-1(b)(1)(ii)(J).
Item 4. Ownership:
------
United Community Financial Corp. Employee Stock Ownership Plan
(a) Amount Beneficially Owned:
4,291,699
(b) Percent of Class:
12.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
-0-
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the
disposition of:
-0-
5
(iv) shared power to dispose or to direct the
disposition of:
4,291,699
Riggs Bank N.A.
(a) Amount Beneficially Owned:
4,291,699
(b) Percent of Class:
12.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
3,595,367
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the
disposition of:
-0-
(iv) shared power to dispose or to direct the
disposition of:
4,291,699
There are 4,291,699 shares owned by the United Community Financial
Corp. Employee Stock Ownership Plan (the "Plan"). Riggs Bank N.A. is
the Trustee of the Plan. Under the terms of the Plan, the Trustee votes
all of the shares allocated to the accounts of Plan participants as
directed by the participants to whose accounts such shares have been
allocated. With respect to unallocated shares, the Trustee has voting
power, however the terms of the Plan require the Trustee to vote such
shares in the same proportion as participants direct the voting of
allocated ESOP shares.
Item 5. Ownership of Five Percent or Less of a Class:
------
Inapplicable
Item 6. Ownership of More Than Five Percent on Behalf of Another
------ Person:
Inapplicable
6
Item 7. Identification and Classification of the Subsidiary Which
------ Acquired the Security Being Reported on by the Parent Holding
Company:
Inapplicable
Item 8. Identification and Classification of Members of the Group:
------
Inapplicable
Item 9. Notice of Dissolution of Group:
------
Inapplicable
Item 10. Certification:
-------
By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and
are held 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
such securities and were not acquired in connection with or as
a participant in any transaction having such purposes or
effect.
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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.
RIGGS BANK N.A.
Date: July 8, 2002 By: /s/ Christine E. Flom
------------------------------- ----------------------------------
Name: Christine Flom
Title: Vice President and Trust
Officer
UNITED COMMUNITY FINANCIAL CORP.
EMPLOYEE STOCK OWNERSHIP PLAN
By: Riggs Bank N.A., Trustee
Date: July 8, 2002 By: /s/ Christine E. Flom
------------------------------- ----------------------------------
Name: Christine Flom
Title: Vice President and Trust
Officer
8
EXHIBIT A
---------
AGREEMENT FOR JOINT FILING OF SCHEDULE 13G
------------------------------------------
The undersigned hereby agree that the Schedule 13G being filed with the
Securities and Exchange Commission to report their beneficial ownership of more
than 5% of the common shares of United Community Financial Corp., an Ohio
corporation, shall be, and is, filed on behalf of each of the undersigned.
RIGGS BANK N.A.
Date: July 8, 2002 By: /s/ Christine E. Flom
------------------------------- ----------------------------------
Name: Christine Flom
Title: Vice President and Trust
Officer
UNITED COMMUNITY FINANCIAL CORP.
EMPLOYEE STOCK OWNERSHIP PLAN
By: Riggs Bank N.A., Trustee
Date: July 8, 2002 By: /s/ Christine E. Flom
------------------------------- ----------------------------------
Name: Christine Flom
Title: Vice President and Trust
Officer
9