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: March 31, 2000

                         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:

          5,322,043 shares of common stock, par value $0.20 per share,
                        outstanding as of March 31, 2000



<PAGE>

                                 FIRSTMARK CORP.

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
                                                                                                          Page No.
<S>                                                                                                         <C>
Part I.       Financial Information

         Item 1.  Financial Statements

                  Condensed Consolidated Balance Sheets
                           March 31, 2000 and December 31, 1999..............................................3

                  Condensed Consolidated Statements of Operations
                           Three Months Ended March 31, 2000 and 1999........................................5

                  Condensed Consolidated Statements of Cash Flows
                           Three Months Ended March 31, 2000 and 1999........................................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.........................................................................10

         Item 2.  Changes in Securities and Use of Proceeds.................................................10

         Item 3.  Defaults Upon Senior Securities...........................................................10

         Item 4.  Submission of Matters to a Vote of Security Holders.......................................10

         Item 5.  Other Information.........................................................................10

         Item 6.  Exhibits and Reports on Form 8-K..........................................................10

</TABLE>


                                      -2-
<PAGE>

                         PART I -- FINANCIAL INFORMATION

Item 1.      Financial Statements

FIRSTMARK CORP. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

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

                                                                 March 31, 2000     December 31, 1999*
                                                                 --------------     ------------------
                                                                   (Unaudited)
<S>                                                               <C>                   <C>
Cash and cash equivalents                                         $  4,577,172          $  4,541,344

Receivables - related parties                                          174,779               186,398

Investments:
     Marketable securities                                             147,302                72,828
     Venture capital investments - net                                  15,000                65,000
     Real estate and other investments                                 382,440               418,433
                                                                  ------------          ------------

         Total investments                                             544,742               556,261
                                                                  ------------          ------------

Other assets:
     Property, plant and equipment - net                                 8,664                 9,183
     Deferred tax asset - net of valuation allowance                        --                19,428
     Other assets                                                       11,251                20,739
                                                                  ------------          ------------

         Total other assets                                             19,915                49,350
                                                                  ------------          ------------

TOTAL ASSETS                                                      $  5,316,608          $  5,333,353
                                                                  ============          ============
</TABLE>





                                      -3-
<PAGE>

FIRSTMARK CORP. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY

                                                                       March 31, 2000          December 31, 1999*
                                                                       --------------          ------------------
                                                                         (Unaudited)
<S>                                                                     <C>                       <C>
LIABILITIES:
     Accounts payable and other liabilities                             $     44,021              $     88,252
     Deferred tax liability                                                   21,437                    19,428
                                                                        ------------              ------------

         Total liabilities                                                    65,458                   107,680
                                                                        ------------              ------------


STOCKHOLDERS' EQUITY:
     Preferred  stock,  Series A, $0.20 par value -
       authorized 250,000 shares; issued 53,500 shares
       (liquidation preference $2,140,000)                                    10,700                    10,700
     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                                2,023,589                 2,023,589
     Additional paid-in capital - common                                  11,358,400                11,358,400
     Retained earnings (deficit)                                          (8,586,099)               (8,569,964)
     Treasury stock, at cost - 179,387 shares                               (663,486)                 (663,486)
     Net accumulated comprehensive income -
       net of taxes                                                            7,760                   (33,852)
                                                                        ------------              ------------

         Total stockholders' equity                                        5,251,150                 5,225,673
                                                                        ------------              ------------

TOTAL LIABILITIES AND
     STOCKHOLDERS' EQUITY                                               $  5,316,608              $  5,333,353
                                                                        ============              ============
</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>

                                                                                            Three Months Ended
                                                                                                 March 31,
                                                                                          2000              1999
                                                                                          ----              ----
<S>                                                                                   <C>              <C>
REVENUES:
    Interest and dividends                                                            $     81,939     $     17,567
    Investment gains, net                                                                   23,951               --
                                                                                      ------------     ------------

         Total revenues                                                                    105,890           17,567
                                                                                      ------------     ------------

EXPENSES:
    Employee compensation and benefits                                                          --           18,600
    General and administrative expenses                                                     89,925          115,993
    Interest expense                                                                            --            8,995
                                                                                      ------------     ------------

         Total expenses                                                                     89,925          143,588
                                                                                      ------------     ------------

         Income (loss) from continuing operations before income
         taxes                                                                              15,965         (126,021)

INCOME TAX (BENEFIT) EXPENSE
                                                                                                --               --

         Net income (loss) from continuing operations                                       15,965         (126,021)

DISCONTINUED OPERATIONS:
     Income from discontinued operations - net of tax                                           --           80,596
     Loss from disposal of discontinued operations - net of tax                                 --           (5,118)
                                                                                      ------------     ------------

NET INCOME (LOSS)                                                                           15,965          (50,543)
                                                                                      ------------     ------------

PREFERRED STOCK DIVIDEND                                                                    32,100           34,200
                                                                                      ------------     ------------

NET INCOME (LOSS) APPLICABLE TO COMMON SHARES                                              (16,135)         (84,743)
                                                                                      ============     ============
Other comprehensive income - net of tax
     Unrealized holding gains (losses) arising during period                                41,612          (48,014)
     Less: Reclassification adjustment for gains included in net income                         --               --
                                                                                      ------------     ------------

Other comprehensive income (loss)                                                           41,612          (48,014)
                                                                                      ------------     ------------

COMPREHENSIVE INCOME (LOSS) APPLICABLE TO COMMON SHARES                                     25,477          (98,557)
                                                                                      ------------     ------------

Basic and diluted earnings (loss) per common share:
        Income (loss) from continuing operations                                      $       0.00     $      (0.03)
        Discontinued Operations                                                               0.00             0.01
                                                                                      ------------     ------------
Comprehensive income (loss) applicable to common shares                               $       0.00     $      (0.02)
                                                                                      ============     ============
                                                                                      $       0.00     $      (0.02)
                                                                                      ============     ============
Weighted - average number of shares outstanding                                          5,322,043        5,319,876
                                                                                      ============     ============
</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>

                                                                                     Three Months Ended
                                                                                          March 31,
                                                                                          ---------
                                                                                 2000                  1999
                                                                                 ----                  ----
<S>                                                                         <C>                  <C>
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS
     Net income (loss) from continuing operations                           $     15,965         $   (126,021)
     Adjustments to reconcile net income (loss) net cash
       used by operating activities
         Depreciation and amortization                                               519                  519
         Gain on sale of venture capital investments                             (25,000)                  --
         Net loss on sale of real estate investments                               2,072                   --
         Other non-cash changes                                                  (11,424)                  --
         Changes in assets and liabilities:
           Decrease (increase) in:
              Accounts receivable                                                 11,619              (17,130)
              Prepaid expenses and other current assets                            9,489                6,246
           Increase (decrease) in:
              Accounts payable and other liabilities                             (44,232)             (66,373)
              Accounts payable to related party                                       --              (88,839)
                                                                            ------------         ------------

         Net cash used by operating activities                                   (40,992)            (291,598)
                                                                            ------------         ------------

Cash flows from Investing Activities
     Increase in real estate investments                                          (4,308)              (2,038)
     Proceeds from sale of venture capital investments                            75,000                   --
     Proceeds from sale of real estate investments                                38,228                   --
                                                                            ------------         ------------

         Net cash provided (used) by investing activities                        108,920               (2,038)
                                                                            ------------         ------------

Cash flows from Financing Activities
     Preferred stock dividends                                                   (32,100)             (34,200)
     Proceeds from borrowings                                                         --              115,000
     Repayments of borrowed funds                                                     --             (680,000)
                                                                            ------------         ------------

         Net cash used by financing activities                                   (32,100)            (599,200)
                                                                            ------------         ------------

         Cash Provided (Used) by Continuing Operations                            35,828             (892,836)
                                                                            ------------         ------------

Discontinued Operations:
     Proceeds from sale of discontinued operations,
       net of transaction costs paid                                                  --            6,242,738
     Other                                                                            --             (269,868)
                                                                            ------------         ------------

         Cash Provided (Used) by Discontinued Operations                              --            5,972,870
                                                                            ------------         ------------

Net change in cash and cash equivalents                                           35,828            5,373,670

Cash and cash equivalents, beginning of period                                 4,541,344               53,575
                                                                            ------------         ------------

Cash and cash equivalents, end of period                                    $  4,577,172         $  5,427,245
                                                                            ------------         ------------

Cash payments for interest                                                  $         --         $      8,995
                                                                            ============         ============
</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,
         1999 of Firstmark Corp. (the "Company"),  as amended, as filed with the
         Securities and Exchange Commission. The December 31, 1999 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 three months ended March
         31, 2000 are not  necessarily  indicative of the results to be expected
         for the full year.

3.       Earnings (Loss) Per Common Share

         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

         The  following   discussion   provides   information  about  the  major
components of the results of operations and financial  condition,  liquidity and
capital resources of the Company. This discussion and analysis should be read in
conjunction with the Consolidated Financial Statements and Notes to Consolidated
Financial Statements.

         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.  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 6,
2000.

Results of Operations

                        Three Months ended March 31, 2000
                compared to the Three Months ended March 31, 1999
                -------------------------------------------------

Continuing Operations
---------------------

         Interest and dividends revenue amounted to approximately $82,000 in the
current quarter compared to $18,000 in the comparable quarter of the prior year.
This increase  results from  investment of the net proceeds from the sale of the
title  insurance  operations  for the entire current year quarter as compared to
less than a month in the prior year quarter.  Net  investment  gains relating to
sales of venture capital and real estate  investments  amounted to approximately
$24,000 for the quarter ended March 31, 2000 (none for the prior year quarter).

         Operating expenses and general and administrative expenses decreased by
approximately  $54,000  during the  current  quarter  compared to the prior year
quarter.  This  decrease  is  primarily  the result of the  satisfaction  of the
Company's  remaining  obligation  under  a  severance  agreement  with a  former
director of the Company and a reduction in interest expense due to the payoff of
the Company's 9% convertible notes payable in March of the last year.

Discontinued Operations
-----------------------

         As previously disclosed, the title insurance operations were sold as of
March 5, 1999.  Accordingly,  the condensed consolidated statement of operations
included  in this report  includes



                                      -8-
<PAGE>

operating  results for the title insurance  operations  through that date in the
prior year  quarter  while no title  insurance  operations  are  included in the
current year quarter.

Liquidity and Capital Resources

         At March 31, 2000, the Company's cash and cash equivalents  amounted to
approximately $4.6 million,  which is expected to exceed its obligations as they
become due.

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
have  recognized  a date using the two digits  "00" as the year 1900 rather than
the year 2000.  This situation  could have resulted in inaccurate  processing of
data, erroneous results or other system failures.

         As a result of the  identification and assessment of the Company's Year
2000  issues and the  subsequent  implementation  of  procedures  to address any
potential  problem  areas,  the  Company  is not  aware of any  problems  it has
experienced in processing transactions to date in the year 2000.

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.



                                      -9-
<PAGE>

                           PART II - OTHER INFORMATION

Item 1.    Legal Proceedings

           Reference is made to the disclosures in Item 3, Legal Proceedings, of
           the Form 10-KSB for a  description  of the  Company's  pending  legal
           proceedings. There have been no additional material developments with
           respect to these proceedings.

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

           Not applicable.

Item 5.    Other Information

           Not applicable.

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.





                                      -10-
<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:  May 15, 2000                        /s/ Donald V. Cruickshanks
                                           -------------------------------------
                                           Donald V. Cruickshanks
                                           President and Chief Executive Officer



Date:  May 15, 2000                        /s/ Ronald C. Britt
                                           -------------------------------------
                                           Ronald C. Britt
                                           Chief Financial Officer