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: September 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:

                5,329,876 shares of common stock, par value $0.20
                 per share, outstanding as of September 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
                           September 30, 1999 and December 31, 1998..........................................3

                  Condensed Consolidated Statements of Operations
                           Nine Months and Three Months Ended
                           September 30, 1999 and 1998.......................................................5

                  Condensed Consolidated Statements of Cash Flows
                           Nine Months Ended September 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.................................................12

         Item 3.  Defaults Upon Senior Securities...........................................................12

         Item 4.  Submission of Matters to a Vote of Security Holders.......................................12

         Item 5.  Other Information.........................................................................12

         Item 6.  Exhibits and Reports on Form 8-K..........................................................12

</TABLE>

                                      -2-
<PAGE>


                         PART I -- FINANCIAL INFORMATION

Item 1.           Financial Statements

FIRSTMARK CORP. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

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

ASSETS

                                                      September 30, 1999          December 31, 1998*
                                                      ------------------          ------------------
                                                            (Unaudited)

<S>                                                          <C>                      <C>
Cash and cash equivalents                                    $4,619,928               $    53,575

Receivables:
     Receivables - related parties                               48,062                    48,062
     Receivables - interest and other                             2,567                     2,703
                                                            -----------                ----------

         Total receivables                                       50,629                    50,765
                                                            -----------                ----------

Notes receivable:
     Notes receivable - net                                      62,790                    25,290
     Notes receivable - related parties                           9,773                     9,773
                                                            -----------                ----------

         Total notes receivables                                 72,563                    35,063
                                                            -----------                ----------

Investments:
     Marketable securities                                       98,287                   139,112
     Venture capital investments - net                          274,728                   424,728
     Real estate and other investments                          569,192                   613,653
                                                            -----------                ----------

         Total investments                                      942,207                 1,177,493
                                                            -----------                ----------

Other assets:
     Property, plant and equipment - net                          9,703                    11,260
     Deferred tax asset - net of valuation allowance            310,560                   296,680
     Other assets                                                26,055                    11,603
                                                            -----------                ----------

         Total other assets                                     346,318                   319,543
                                                            -----------                ----------

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

TOTAL ASSETS                                                $ 6,031,645                $7,825,700
                                                            ===========                ==========
</TABLE>



                                      -3-
<PAGE>


FIRSTMARK CORP. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

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

LIABILITIES AND STOCKHOLDERS' EQUITY

                                                                   September 30, 1999          December 31, 1998*
                                                                   ------------------          ------------------
                                                                         (Unaudited)

<S>                                                                  <C>                       <C>
LIABILITIES:
     Accounts payable and other liabilities                          $       154,704           $       215,333
     Borrowed funds                                                               --                   565,000
     Deferred tax liability                                                  323,870                   296,680
     Related party payable                                                       --                    114,712
                                                                        ------------              ------------

         Total liabilities                                                   478,594                 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)                                    10,700                    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                                2,023,589                 2,162,889
     Additional paid-in capital - common                                  11,393,686                11,432,709
     Retained earnings (deficit)                                         (8,250,127)               (7,353,293)
     Treasury stock, at cost - 189,387 and
       181,554 shares, respectively                                        (700,472)                 (737,528)
     Net accumulated comprehensive income -
       net of taxes                                                         (24,591)                    17,512
                                                                        ------------              ------------

         Total stockholders' equity                                        5,553,071                 6,633,975
                                                                        ------------              ------------

TOTAL LIABILITIES AND
     STOCKHOLDERS' EQUITY                                               $  6,031,645              $  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>

                                                              Nine Months Ended              Three Months Ended
                                                                September 30,                   September 30,
                                                             1999            1998           1999            1998
<S>                                                          <C>             <C>            <C>             <C>
REVENUES
    Interest and dividends                                    $148,068        $ 49,768        $71,778        $ 20,121
    Investment gains                                                --          21,523             --             834
                                                             ---------       ---------      ---------       ---------

          Total revenues                                       148,068          71,291         71,778          20,955
                                                             ---------       ---------      ---------       ---------

EXPENSES
    Employee compensation and benefits                          18,600          82,698             --          26,800
    Write-offs of loans and investments                        202,000              --             --              --
    General and administrative expenses                        790,285         378,674        243,759         114,337
    Interest expense                                             8,995          38,215             --          11,775
                                                             ---------       ---------      ---------       ---------


          Total expenses                                     1,019,880         499,587        243,759         152,912
                                                             ---------       ---------      ---------       ---------

          Loss from continuing operations before
          income taxes                                       (871,812)       (428,296)      (171,981)       (131,957)

INCOME TAX (BENEFIT) EXPENSE                                        --         (7,816)             --         (2,769)
                                                             ---------       ---------      ---------       ---------

         Net loss from continuing operations                 (871,812)       (420,480)      (171,981)       (129,188)

DISCONTINUED OPERATIONS
       Income from discontinued operations - net of
       tax                                                      80,596         585,570             --         207,483
       Loss from disposal of discontinued operations
       net of tax                                              (5,118)              --             --              --

NET INCOME (LOSS)                                            (796,334)         165,090      (171,981)          78,295
                                                             ---------       ---------      ---------       ---------

Other comprehensive loss - net of tax
       Unrealized holding gains (losses) arising
     during period                                            (42,103)        (31,272)         25,835        (22,015)
       Less:  Reclassification adjustment for gain
     included in net income                                         --         (9,997)             --              --


Other comprehensive loss                                      (42,103)        (41,119)         25,835        (22,015)
                                                             ---------       ---------      ---------       ---------

COMPREHENSIVE INCOME (LOSS)                                  (838,437)         123,971      (146,146)          56,580

PREFERRED STOCK DIVIDEND                                       100,500         102,600         32,100          34,200
                                                             ---------       ---------      ---------       ---------

NET LOSS APPLICABLE TO COMMON SHARES                        $(938,937)       $  21,371     $(178,246)       $  22,080
                                                            ==========       =========     ==========       =========

Loss per common share - basic and diluted                   $   (0.18)       $  (0.00)     $   (0.03)       $  (0.00)
                                                            ==========       =========     ==========       =========

Weighted - average number of shares outstanding              5,321,012       5,299,876      5,323,246       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>

                                                                                     Nine Months Ended
                                                                                        September 30,
                                                                                 1999                  1998
                                                                                 ----                  ----
<S>                                                                          <C>                 <C>
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS
     Net loss from continuing operations                                  $    (871,812)        $    (420,480)
     Adjustments to reconcile net loss to net cash
       used by operating activities
         Depreciation and amortization                                             1,557                 3,973
         Amortization of goodwill                                                     --                35,197
         Write-offs of loans and investments                                     202,000                    --
         Gain on sale of securities                                                   --              (14,946)
         Other noncash items                                                      10,065              (33,012)
         Changes in assets and liabilities:
           Decrease (increase) in:
              Accounts receivable                                                    136               252,334
              Notes receivable                                                  (37,500)                41,043
              Prepaid expenses and other current assets                         (14,452)              (26,319)
           Increase (decrease) in:
              Accounts payable                                                  (60,629)             (109,120)
              Accounts payable to related party                                (114,712)                54,472
                                                                             -----------         -------------

         Net cash used by operating activities                                 (885,347)             (216,858)
                                                                             -----------         -------------

Cash flows from Investing Activities
     Decrease (increase) in real estate investments                              (7,539)               (7,690)
     Proceeds from sale of securities                                                 --                85,314
     Decrease in venture capital investments                                          --               172,605
                                                                             -----------         -------------

         Net cash provided (used) by investing activities                        (7,539)               250,229
                                                                             -----------         -------------

Cash flows from Financing Activities
     Preferred stock dividends                                                 (100,500)             (102,600)
     Purchase of preferred stock                                               (140,000)                    --
     Proceeds from borrowings                                                    115,000                    --
     Repayments of borrowed funds                                              (680,000)             (100,000)
                                                                             -----------         -------------

         Net cash used by financing activities                                 (805,500)             (202,600)
                                                                             -----------         -------------

         Cash Used by Continuing Operations                                  (1,698,386)             (169,229)

Discontinued Operations:
     Proceeds from sale of discontinued operations,
       net of transaction costs paid                                           6,242,738                    --
     Other                                                                        22,001                15,125
                                                                             -----------         -------------

         Cash Provided (Used) by Discontinued Operations                       6,264,739                15,125
                                                                             -----------         -------------

Net change in cash and cash equivalents                                        4,566,353             (154,104)
                                                                             -----------         -------------

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

Cash and cash equivalents, end of period                                     $ 4,619,928         $     135,933
                                                                             -----------         -------------

Cash payments for interest                                                   $     8,995         $      77,480
                                                                             ===========         =============
</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  nine  months  ended
         September 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

                      Nine Months Ended September 30, 1999
                Compared to Nine Months Ended September 30, 1998

Continuing Operations

         Interest and dividends  revenue amounted to  approximately  $148,000 in
the current  period  compared to $50,000 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 September 30, 1998 (none for the current period).

         Operating expenses and general and administrative expenses increased by
approximately  $318,000 during the nine months ended September 30, 1999 compared
to the nine months ended  September  30, 1998.  This  increase is primarily  the
result of the Company  recording a provision of  approximately  $404,000 for the
loss from certain claims related to prior  management  that were settled through
mediation  through  September  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 nine 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 nine months ended  September
30, 1998 include such results for the entire nine months. The decrease in income
from discontinued  operations is principally due to the 1998 period representing
approximately  seven 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 September 30, 1999
                Compared to Three Months Ended September 30, 1998

Continuing Operations

         Interest and dividends revenue amounted to approximately $72,000 in the
current quarter compared to $20,000 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 less than  $1,000 for the
quarter ended September 30, 1998 (none for the current quarter).

         Operating expenses and general and administrative expenses increased by
approximately  $91,000  during the  current  quarter  compared to the prior year
quarter.  This  increase  is  primarily  the result of the  Company  recording a
provision of approximately  $172,000 for the loss from certain claims related to
prior management that were settled through mediation through September 30, 1999.
The provision was offset by reductions in legal and  accounting  fees,  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.

Discontinued Operations

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

Liquidity and Capital Resources

         As of September 30, 1999, the Company had cash and cash  equivalents of
approximately $4.6 million.  The Company's cash and cash equivalents remain at a
level expected to exceed its obligations in the foreseeable future.

                                      -9-
<PAGE>

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  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.


                                      -10-
<PAGE>

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 previously disclosed in
                  the Company's  Quarterly  Report on Form 10-QSB for the period
                  ended  June 30,  1999,  the  Company  is not  involved  in any
                  litigation outside the ordinary course of business.

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 September 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.

                                      -12-
<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: November 15, 1999                /s/ Donald V. Cruickshanks
                                       ----------------------------------------
                                       Donald V. Cruickshanks
                                       President and Chief Executive Officer



Date: November 15, 1999                /s/ Ronald C. Britt
                                       ----------------------------------------
                                       Ronald C. Britt
                                       Chief Financial Officer