SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                   QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended: June 30, 1999

                         Commission File Number: 0-20806

                                 FIRSTMARK CORP.
        (Exact Name of Small Business Issuer as Specified in its Charter)


              Maine                                     01-0389195
  (State or Other Jurisdiction              (I.R.S. Employer Identification No.)
of Incorporation or Organization)

                                  P.O. Box 1398
                            Richmond, Virginia 23218
                    (Address of Principle Executive Offices)

                                 (804) 648-9048
                (Issuer's Telephone Number, Including Area Code)


         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

                                                         Yes  __X__    No  _____

         State the number of shares  outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:

          5,319,876 shares of common stock, par value $0.20 per share,
                         outstanding as of June 30, 1999



<PAGE>

                                 FIRSTMARK CORP.

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>

                                                                                             Page No.
<S>                                                                                             <C>
Part I.       Financial Information

         Item 1.  Financial Statements

                  Condensed Consolidated Balance Sheets
                           June 30, 1999 and December 31, 1998...................................3

                  Condensed Consolidated Statements of Operations
                           Six Months and Three Months Ended
                           June 30, 1999 and 1998................................................5

                  Condensed Consolidated Statements of Cash Flows
                           Six Months Ended June 30, 1999 and 1998...............................6

                  Notes to Condensed Consolidated Financial Statements...........................7

         Item 2.  Management's Discussion and Analysis of Financial Condition
                           and Results of Operation..............................................8


Part II.      Other Information

         Item 1.  Legal Proceedings.............................................................12

         Item 2.  Changes in Securities and Use of Proceeds.....................................13

         Item 3.  Defaults Upon Senior Securities...............................................13

         Item 4.  Submission of Matters to a Vote of Security Holders...........................13

         Item 5.  Other Information.............................................................13

         Item 6.  Exhibits and Reports on Form 8-K..............................................13
</TABLE>



                                      -2-
<PAGE>

                         PART I -- FINANCIAL INFORMATION

Item 1.      Financial Statements

FIRSTMARK CORP. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>

ASSETS

                                                                        June 30, 1999          December 31, 1998*
                                                                        -------------          ------------------
                                                                         (Unaudited)
<S>                                                                     <C>                       <C>
Cash and cash equivalents                                               $  5,202,908              $     53,575

Receivables:
     Receivables - related parties                                            55,062                    48,062
     Receivables - interest and other                                         21,720                     2,703
                                                                        ------------              ------------

         Total receivables                                                    76,782                    50,765
                                                                        ------------              ------------

Notes receivable:
     Notes receivable - net                                                   25,290                    25,290
     Notes receivable - related parties                                        9,773                     9,773
                                                                        ------------              ------------

         Total notes receivables                                              35,063                    35,063
                                                                        ------------              ------------

Investments:
     Marketable securities                                                    59,142                   139,112
     Venture capital investments - net                                       274,728                   424,728
     Real estate and other investments                                       566,501                   613,653
                                                                        ------------              ------------

         Total investments                                                   900,371                 1,177,493
                                                                        ------------              ------------

Other assets:
     Property, plant and equipment - net                                      10,222                    11,260
     Deferred tax asset - net of valuation allowance                         323,870                   296,680
     Other assets                                                                 --                    11,603
                                                                        ------------              ------------

         Total other assets                                                  334,092                   319,543
                                                                        ------------              ------------

Net assets of discontinued title insurance operations                             --                 6,189,261
                                                                        ------------              ------------

TOTAL ASSETS                                                            $  6,549,216              $  7,825,700
                                                                        ============              ============
</TABLE>



                                      -3-
<PAGE>


FIRSTMARK CORP. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

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

LIABILITIES AND STOCKHOLDERS' EQUITY
<TABLE>
<CAPTION>
                                                                      June 30, 1999          December 31, 1998*
                                                                      -------------          ------------------
                                                                         (Unaudited)
<S>                                                                   <C>                      <C>
LIABILITIES:
     Accounts payable and other liabilities                           $     352,062            $     215,333
     Borrowed funds                                                              --                  565,000
     Deferred tax liability                                                 323,870                  296,680
     Related party payable                                                       --                  114,712
                                                                      -------------            -------------

         Total liabilities                                                  675,932                1,191,725
                                                                      -------------            -------------


STOCKHOLDERS' EQUITY:
     Preferred stock, Series A, $0.20 par value
       authorized 250,000 shares; issued 57,000 shares
       (liquidation preference $2,280,000)                                   11,400                   11,400
     Common stock, $0.20 par value - authorized
       30,000,000 shares; issued 5,501,430 shares                         1,100,286                1,100,286
     Additional paid-in capital - preferred                               2,162,889                2,162,889
     Additional paid-in capital - common                                 11,432,709               11,432,709
     Retained earnings (deficit)                                         (8,046,046)              (7,353,293)
     Treasury stock, at cost - 181,554 and
       201,554 shares, respectively                                        (737,528)                (737,528)
     Net accumulated comprehensive income -
       net of taxes                                                         (50,426)                  17,512
                                                                      -------------            -------------

         Total stockholders' equity                                       5,873,284                6,633,975
                                                                      -------------            -------------

TOTAL LIABILITIES AND
     STOCKHOLDERS' EQUITY                                             $   6,549,216            $   7,825,700
                                                                      =============            =============
</TABLE>

*Condensed from audited financial statements

The accompanying notes are an integral part of these condensed financial
statements.



                                      -4-
<PAGE>

FIRSTMARK CORP. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations (Unaudited)

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                               Six Months Ended           Three Months Ended
                                                                   June 30,                    June 30,
                                                                   --------                    --------
                                                              1999           1998         1999          1998
                                                              ----           ----         ----          ----
<S>                                                       <C>           <C>           <C>           <C>
REVENUES
    Interest and dividends                                $     76,290  $     29,648  $     58,723  $      8,361
    Investment gains                                                --        20,689            --         1,524
                                                          ------------  ------------  ------------  ------------

          Total revenues                                        76,290        50,337        58,723         9,885
                                                          ------------  ------------  ------------  ------------

EXPENSES
    Employee compensation and benefits                          18,600        55,899            --        27,796
    Write-offs of loans and investments                        202,000            --       202,000            --
    General and administrative expenses                        546,526       264,335       430,533       142,983
    Interest expense                                             8,995        26,440            --        13,163
                                                          ------------  ------------  ------------  ------------

          Total expenses                                       776,121       346,674       632,533       183,942
                                                          ------------  ------------  ------------  ------------

          Loss from continuing operations before
          income taxes                                        (699,831)     (296,337)     (573,810)     (174,057)

INCOME TAX (BENEFIT) EXPENSE                                        --        (7,663)           --        (4,435)
                                                          ------------  ------------  ------------  ------------

         Net loss from continuing operations                  (699,831)     (288,674)     (573,810)     (169,622)

DISCONTINUED OPERATIONS
       Income from discontinued operations -- net of
       tax                                                      80,596       375,472            --       217,279
       Loss from disposal of discontinued operations -
       net of tax                                               (5,118)           --            --            --

NET INCOME (LOSS)                                             (624,353)       86,798      (573,810)       47,657
                                                          ------------  ------------  ------------  ------------

Other comprehensive loss - net of tax
       Unrealized holding gains (losses) arising
       during period                                           (67,938)       (9,107)      (19,924)      (29,003)
       Less:  Reclassification adjustment for gain
       included in net income                                       --        (9,997)           --            --

Other comprehensive loss                                       (67,938)      (19,104)      (19,924)      (29,003)
                                                          ------------  ------------  ------------  ------------

COMPREHENSIVE INCOME (LOSS)                                   (692,291)       67,694      (593,734)       18,654

PREFERRED STOCK DIVIDEND                                        68,400        68,400        34,200        34,200
                                                          ------------  ------------  ------------  ------------

NET LOSS APPLICABLE TO COMMON SHARES                      $   (760,691) $       (706) $   (627,934) $    (15,546)
                                                          ============  ============  ============  ============

Loss per common share - basic and diluted                 $      (0.14) $      (0.00) $      (0.12) $      (0.00)
                                                          ============  ============  ============  ============

Weighted - average number of shares outstanding              5,319,876     5,299,876     5,319,876     5,299,876
                                                          ============  ============  ============  ============
</TABLE>

The  accompanying  notes  are an  integral  part of  these  condensed  financial
statements.


                                      -5-
<PAGE>

FIRSTMARK CORP. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (Unaudited)

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                                                    Six Months Ended
                                                                                        June 30,
                                                                                        --------
                                                                                1999                  1998
                                                                                ----                  ----
<S>                                                                        <C>                   <C>
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS
     Net loss from continuing operations                                   $    (699,831)        $    (288,674)
     Adjustments to reconcile net loss to net cash
       used by operating activities
         Depreciation and amortization                                             1,038                 2,443
         Amortization of goodwill                                                     --                24,391
         Write-offs of loans and investments                                     202,000                    --
         Gain on sale of securities                                                   --               (14,946)
         Other noncash items                                                      12,032               (25,514)
         Changes in assets and liabilities:
           Decrease (increase) in:
              Accounts receivable                                                (26,017)              257,782
              Notes receivable                                                        --                12,178
              Prepaid expenses and other current assets                           11,603                (1,220)
           Increase (decrease) in:
              Accounts payable                                                   136,729               (71,594)
              Accounts payable to related party                                 (114,712)              (44,999)
                                                                           -------------         -------------

         Net cash used by operating activities                                  (477,158)             (150,153)
                                                                           -------------         -------------

Cash flows from Investing Activities
     Decrease (increase) in real estate investments                               (4,848)               (4,940)
     Proceeds from sale of securities                                                 --                85,314
     Decrease in venture capital investments                                          --                88,571
                                                                           -------------         -------------

         Net cash provided (used) by investing activities                         (4,848)              168,945
                                                                           -------------         -------------

Cash flows from Financing Activities
     Preferred stock dividends                                                   (68,400)              (68,400)
     Proceeds from borrowings                                                    115,000                    --
     Repayments of borrowed funds                                               (680,000)                   --
                                                                           -------------         -------------

         Net cash used by financing activities                                  (633,400)              (68,400)
                                                                           -------------         -------------

         Cash Used by Continuing Operations                                   (1,115,406)              (49,608)

Discontinued Operations:
     Proceeds from sale of discontinued operations,
       net of transaction costs paid                                           6,242,738                    --
     Other                                                                        22,001                 8,817
                                                                           -------------         -------------

         Cash Provided (Used) by Discontinued Operations                       6,264,739                 8,817
                                                                           -------------         -------------

Net change in cash and cash equivalents                                        5,149,333               (40,791)
                                                                           -------------         -------------

Cash and cash equivalents, beginning of period                                    53,575               290,037
                                                                           -------------         -------------

Cash and cash equivalents, end of period                                   $   5,202,908         $     249,246
                                                                           -------------         -------------

Cash payments for interest                                                 $       8,995         $      26,440
                                                                           =============         =============
</TABLE>

The accompanying notes are an integral part of these condensed financial
statements.


                                      -6-
<PAGE>

FIRSTMARK CORP. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (Unaudited)

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

BASIS OF PRESENTATION

1.       The accompanying unaudited consolidated financial statements, which are
         for interim  periods,  do not include all  disclosures  provided in the
         annual consolidated financial statements.  These unaudited consolidated
         financial   statements   should  be  read  in   conjunction   with  the
         consolidated  financial  statements and the footnotes thereto contained
         in the Annual  Report on Form  10-KSB for the year ended  December  31,
         1998 of Firstmark Corp. (the "Company"),  as amended, as filed with the
         Securities and Exchange Commission. The December 31, 1998 balance sheet
         was derived from the audited  consolidated  financial  statements,  but
         does  not  include  all  disclosures  required  by  generally  accepted
         accounting principles.

2.       In the opinion of the Company, the accompanying  unaudited consolidated
         financial  statements  contain all  adjustments  (which are of a normal
         recurring  nature)  necessary for a fair  presentation of the financial
         statements. The results of operations for the six months ended June 30,
         1999 are not  necessarily  indicative of the results to be expected for
         the full year.

3.       Earnings (Loss) Per Share

         The Company  adopted the  provisions  of SFAS No.  128,  "Earnings  Per
         Share," for the year ended December 31, 1997.  SFAS No. 128 establishes
         new standards for computing and presenting  earnings per share ("EPS").
         The statement  replaces the  presentation of primary EPS with basic EPS
         and the  presentation  of fully diluted EPS with diluted EPS. Basic EPS
         is  computed  by  dividing  net  income,  less  required  dividends  on
         redeemable  preferred  stock, by the weighted  average number of common
         shares  outstanding  during the year. Diluted EPS is computed using the
         weighted average number of common shares  outstanding  during the year,
         including the dilutive effect of all potential common shares.

4.       Reclassifications

         Certain reclassifications have been made in the accompanying statements
         to permit comparison.



                                      -7-
<PAGE>

Item 2.      Management's  Discussion  and Analysis of Financial  Condition  and
             Results of Operations

         Firstmark Corp.  (the "Company")  makes venture capital and real estate
investments  either  in the form of pure  equity  investments  or in the form of
loans with an equity participation feature. Until March 5, 1999, the Company was
principally  engaged  in the  business  of  issuing  title  insurance  through a
subsidiary,  Southern Title Insurance  Corporation  ("STIC").  Until January 24,
1997,  the Company also  actively  traded  public  stocks and bonds and provided
financial   consulting   services  to  a  select  number  of   individuals   and
institutions.

         On March 5, 1999,  the  Company  sold  Investors  Southern  Corporation
("ISC") and its  subsidiaries,  including  STIC, to Old Guard Group,  Inc. ("Old
Guard") for $6.75 million in cash and a three year earn-out in cash based on the
pre-tax net income of ISC and its subsidiaries,  including STIC, for each of the
fiscal years ending December 31, 1999, 2000 and 2001. above.  Generally accepted
accounting  principles ("GAAP") required that the Company reflect the effects of
the  Transaction  as of December 31, 1998,  including the loss on disposal,  and
segregate  continuing  operations  from  discontinued   operations.  A  complete
discussion  of the  Company's  business is contained in Item 1,  Description  of
Business,  of Amendment No. 1 to the Company's Annual Report on Form 10-KSB (the
"Form 10-KSB"),  filed with the Securities and Exchange  Commission on April 23,
1999.

Results of Operations

    Six Months Ended June 30, 1999 Compared to Six Months Ended June 30, 1998

Continuing Operations

         Interest and dividends revenue amounted to approximately $76,000 in the
current period  compared to $30,000 in the comparable  period of the prior year.
The increase is  principally  the result of  investment of the net proceeds from
the sale of the title  insurance  operations,  which were  received in the first
quarter of this year. Investment gains amounted to approximately $21,000 for the
period ended June 30, 1998 (none for the current period).

         Operating expenses and general and administrative expenses increased by
approximately $227,000 during the six months ended June 30, 1999 compared to the
six months ended June 30,  1998.  This  increase is primarily  the result of the
Company  recording a provision of approximately  $232,000 for the estimated loss
from certain claims settled through  mediation as of June 30, 1999. In addition,
increased  legal and  accounting  fees were  offset by  reductions  in  interest
expense and the Company's  obligation under a severance  agreement with a former
director of the Company.  The reduction in interest  expense was due principally
to the payoff of the  Company's 9%  convertible  notes  payable in March of this
year.  Write-offs of loans and investments amounted to $202,000 in the first six
months of 1999,  whereas there were no write-offs  in the  comparable  period of
1998. The write-offs,  all of which occurred in the second quarter of this year,
pertain to a portion of the Company's  venture capital  investment in a



                                      -8-
<PAGE>

Canadian  company,  which  has  filed  for  bankruptcy  protection  in  order to
reorganize,  and a real estate  investment,  where the Company is  negotiating a
potential sale.

Discontinued Operations

         As previously disclosed, the title insurance operations were sold as of
March 5, 1999.  Accordingly,  the condensed consolidated statement of operations
included herein includes  operating  results for the title insurance  operations
through that date in the current period while the six months ended June 30, 1998
include  such  results  for the entire six months.  The  decrease in income from
discontinued  operations  is  principally  due to the 1998  period  representing
approximately  four more  months of  operations  than the 1999  period.  Further
discussion  of changes  in title  insurance  revenues  and  operating  and other
expenses is not considered meaningful herein.

  Three Months Ended June 30, 1999 Compared to Three Months Ended June 30, 1998

Continuing Operations

         Interest and dividends revenue amounted to approximately $59,000 in the
current quarter compared to $8,000 in the comparable  quarter of the prior year.
The increase is  principally  the result of  investment of the net proceeds from
the sale of the title  insurance  operations,  which were  received in the first
quarter of this year.  Investment gains amounted to approximately $1,500 for the
quarter ended June 30, 1998 (none for the current quarter).

         Operating expenses and general and administrative expenses increased by
approximately  $247,000  during the current  quarter  compared to the prior year
quarter.  This  increase  is  primarily  the result of the  Company  recording a
provision of  approximately  $232,000 for the estimated loss from certain claims
settled through mediation as of June 30, 1999. In addition,  increased legal and
accounting fees were offset by reductions in interest  expense and the Company's
obligation  under a severance  agreement with a former  director of the Company.
The  reduction  in  interest  expense was due  principally  to the payoff of the
Company's 9%  convertible  notes  payable in March of this year.  Write-offs  of
loans and  investments  amounted  to  $202,000  in the  second  quarter of 1999,
whereas  there  were no  write-offs  in the  comparable  quarter  of  1998.  The
write-offs pertain to a portion of the Company's venture capital investment in a
Canadian  company,  which  has  filed  for  bankruptcy  protection  in  order to
reorganize,  and a real estate  investment,  where the Company is  negotiating a
potential sale.

Discontinued Operations

         See  related   discussion   above  for  the  six-month   periods.   The
discontinued operations were sold in March of this year. Accordingly, there were
no discontinued operations for the quarter ended June 30, 1999.



                                      -9-
<PAGE>

Liquidity and Capital Resources

         As of June 30,  1999,  the  Company  had cash and cash  equivalents  of
approximately $5.2 million. Subsequent to June 30, 1999, the Company paid out in
excess of $500,000 to settle various  claims and litigation and received  shares
of the Company's  Preferred  and Common Stock and other assets in return.  After
settlement of these matters, the Company's cash and cash equivalents remain at a
level expected to exceed its obligations in the foreseeable  future. The Company
continues to maintain the availability of the $500,000 line of credit with First
Union National Bank.

Year 2000 Issues

         Year  2000  issues  relate   primarily  to  the  inability  of  certain
computerized  devices  (hardware,  software and equipment) to process year-dates
properly  after 1999.  Many existing  computer  programs have been written using
only  two  digits  to  define  an  applicable  year  rather  than  four  digits.
Accordingly,  on January 1, 2000, many  date-sensitive  programs and devices may
recognize a date using the two digits "00" as the year 1900 rather than the year
2000.  This situation could result in inaccurate  processing of data,  erroneous
results or other system failures.

         The Company  continues to address the Year 2000 issues  relating to its
operations  with the intent that it (i) identify  areas of  potential  exposure,
both internal and external to the organization,  (ii) assess the risks and costs
associated with  eliminating or reducing that exposure,  (iii) develop a plan to
take  necessary  actions  before the year 2000 and (iv)  consider the need for a
contingency plan to handle the most reasonably likely worst case scenarios.

         To date, the Company has primarily  focused on the  identification  and
assessment  of its Year 2000  issues.  The  Company  has  completed  an  initial
assessment of its accounting and operational  software and discussed the payroll
and human resources  software with its third party service provider.  Management
believes,  based on discussions  with software  vendors and initial tests of the
accounting and operational  software,  that such software is currently Year 2000
compliant  and that the Company's  risks in these areas are minimal.  Management
has been  told that the  current  version  of the  payroll  and human  resources
software is also Year 2000  compliant  and plans to perform tests of this system
in the near future to assess any potential problems.

         Costs  associated with remediation of Year 2000 issues are not expected
to be material to the  Company's  financial  position,  results of operations or
cash flows.  To date,  such costs have totaled less than $20,000 and the Company
expects that future  costs will not exceed  $10,000.  These costs would  include
primarily minimal additional data processing consulting costs,  purchases of new
personal  computers  to replace  computers  that  cannot be  modified  to handle
date-sensitive  data correctly and potentially the costs to purchase upgrades to
certain accounting software programs.

         No  contingency  plan has been  developed  to date since the  potential
impact of the Year 2000 issues facing the Company is currently  considered to be
minimal. However,  management will continue to assess the need for a contingency
plan if  additional  risks are  identified  in the further  testing of existing,
updated or new hardware and  software or if it becomes  aware of other



                                      -10-
<PAGE>

concerns not presently  contemplated in the evaluation of the Company's  ability
to be Year 2000 compliant.

Recent Accounting Pronouncements

         Reference is made to the disclosures included under the heading "Recent
Accounting  Pronouncements"  in Item 6, Management's  Discussion and Analysis of
Financial Condition and Results of Operations, of the Form 10-KSB.

Forward-Looking Statements

         Certain  statements  in this  report  may  constitute  "forward-looking
statements" within the meaning of the Private  Securities  Litigation Reform Act
of 1995.  Although the Company  believes that its  expectations  with respect to
certain forward-looking  statements are based upon reasonable assumptions within
the bounds of its business and operations, there can be no assurance that actual
results,  performance or achievements of the Company will not differ  materially
from any future  results,  performance or  achievements  expressed or implied by
such forward-looking statements.






                                      -11-
<PAGE>

                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

         The Company is involved in litigation from time to time in the ordinary
         course of business.  Except as noted below, the Company is not involved
         in any litigation outside the ordinary course of business.

         Investigation by the Securities and Exchange Commission. As the Company
         has previously  reported,  the  Securities and Exchange  Commission has
         been  investigating   possible   securities   violations  by  Firstmark
         Investment  Corp.  ("FIC"),  Firstmark  Capital  Corp.  ("FCC") and the
         Company.  The  private  investigation  has  focused on events that have
         occurred  from, in or before  January 1994 to the present.  The Company
         transferred FIC and FCC to Ivy L. Gilbert,  a former director,  officer
         and employee of the Company, in January 1997.

         The staff of the SEC has made a preliminary  determination to recommend
         that  the SEC file a civil  action  against  the  Company  for  certain
         securities  violations.  The  staff's  recommendation  is  based on the
         Company's  overstatement  of income and assets in financial  statements
         filed with Forms 10-KSB and 10-QSB for the periods ended  September 30,
         1994  through  March 31,  1996 and its  failure to maintain a system of
         internal controls and accurate books and records.

         The events at issue in the SEC's  investigation  relate entirely to the
         Company's prior management, all of whom have resigned from all of their
         positions  with the  Company.  In 1996,  when it  joined  the  Company,
         current management reviewed the Company's financial statements and took
         corrective steps to sell certain assets and to write down or completely
         write off of a number of the Company's venture capital  investments and
         loans to several  start-up  companies,  including those at issue in the
         SEC's investigation.  The Company continues to cooperate fully with the
         Commission  and intends to seek a prompt and  efficient  resolution  to
         this matter.

         Burden  Litigation.  As previously  disclosed in the  Company's  Annual
         Report on Form 10-KSB for the year ended  December 31,  1998,  D. Frick
         and Tammy F. Burden filed a Complaint against the Company in the United
         States  District  Court for the District of Maine.  The  Complaint  was
         based on certain  actions of the Company  beginning  in 1992,  at which
         time the Company was acting through its president,  James F. Vigue,  in
         connection  with the  formation and  administration  of a trust holding
         certain assets of the plaintiffs and the management of such assets.  On
         July 16, 1999, the parties  reached an agreement  through  mediation to
         settle the lawsuit. Pursuant to the agreement, the parties are required
         to keep the terms of the settlement confidential.



                                      -12-
<PAGE>

Item 2.  Changes in Securities and Use of Proceeds

         Not applicable.

Item 3.  Defaults Upon Senior Securities

         Not applicable.

Item 4.  Submission of Matters to a Vote of Security Holders

         No matters  were  submitted  to a vote of security  holders  during the
         quarter ended June 30, 1999.

Item 5.  Other Information

         None.

Item 6.  Exhibits and Reports on Form 8-K

         (a)      Exhibits

                  27       Financial Data Schedule (filed electronically only).

         (b)      Reports on Form 8-K

                  None.



                                      -13-
<PAGE>

                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                           FIRSTMARK CORP.



Date:  August 20, 1999                     /s/ Donald V. Cruickshanks
                                           -------------------------------------
                                           Donald V. Cruickshanks
                                           President and Chief Executive Officer



Date:  August 23, 1999                     /s/ Ronald C. Britt
                                           -------------------------------------
                                           Ronald C. Britt
                                           Chief Financial Officer




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