-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MOuiw741VrNEIFcX7kStkD2gJte8cxooxuCUfVVY159E7Ga+D4ou74HHLnoSg0hp FUvi5BKQBAyHcUNDLrMDkA== 0000919574-10-006819.txt : 20101124 0000919574-10-006819.hdr.sgml : 20101124 20101124160903 ACCESSION NUMBER: 0000919574-10-006819 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101124 DATE AS OF CHANGE: 20101124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JACKSONVILLE BANCORP INC /FL/ CENTRAL INDEX KEY: 0001071264 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 593472981 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78810 FILM NUMBER: 101215202 BUSINESS ADDRESS: STREET 1: 100 NORTH LAURA STREET, SUITE 1000 CITY: JACKSONVILLE STATE: FL ZIP: 32202 BUSINESS PHONE: 9044213040 MAIL ADDRESS: STREET 1: 100 NORTH LAURA STREET, SUITE 1000 CITY: JACKSONVILLE STATE: FL ZIP: 32202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SANDLER ONEILL ASSET MANAGEMENT LLC CENTRAL INDEX KEY: 0001040762 IRS NUMBER: 133906061 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 712 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2129741700 MAIL ADDRESS: STREET 1: 712 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G 1 d1150737_13g.htm d1150737_13g.htm
 

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

 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No.)*
 
Jacksonville Bancorp, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

469249106
(CUSIP Number)

November 17, 2010
(Date of Event Which Requires Filing of this Statement)
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
¨ Rule 13d-1(b)
 
þ Rule 13d-1(c)
 
¨ Rule 13d-1(d)
 


*
  
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


 
 
 
 


SCHEDULE 13G
 
CUSIP No.469249106
 
         
  1.
  
Name of Reporting Person
 
Sandler O’Neill Asset Management, LLC        
    
     
  2.
  
Check the Appropriate Box if a Member of a Group*
 
  
(a)  ¨
(b)  ¨
 
 
  3.
  
SEC Use Only
 
    
  4.
  
Citizen or Place of Organization
 
New York
    
 
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  
  5.    Sole Voting Power 
 
 
  6.    Shared Voting Power
 
         333,333
 
  7.    Sole Dispositive Power         
 
 
  8.    Shared Dispositive Power
 
         333,333    
 

         
 9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
333,333
    
10.
  
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
  
¨
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
5.91%
    
12.
  
Type of Reporting Person*
 
00
    
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
 
 

SCHEDULE 13G
 
CUSIP No. 469249106
 
 
         
  1.
  
Name of Reporting Person
 
SOAM Holdings, LLC        
    
     
  2.
  
Check the Appropriate Box if a Member of a Group*
 
  
(a)  ¨
(b)  ¨
 
 
 
  3.
  
SEC Use Only
 
    
  4.
  
Citizen or Place of Organization
 
Delaware
    

     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  
  5.    Sole Voting Power 
 
 
  6.    Shared Voting Power
 
         122,348
 
  7.    Sole Dispositive Power         
 
 
  8.    Shared Dispositive Power
 
         122,348                                              

         
 9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
 122,348
    
10.
  
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
  
¨
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
2.17%
    
12.
  
Type of Reporting Person*
 
00
    
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
 
 

SCHEDULE 13G
 
CUSIP No. 469249106
 
         
  1.
  
Name of Reporting Person
 
Malta Partners, L.P.
    
  2.
  
Check the Appropriate Box if a Member of a Group*
  
 
(a)  ¨
(b)  ¨
  3.
  
SEC Use Only
 
    
  4.
  
Citizen or Place of Organization
 
Delaware        
    

     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  
  5.    Sole Voting Power 
 
 
  6.    Shared Voting Power
 
         4,416
 
  7.    Sole Dispositive Power         
 
 
  8.    Shared Dispositive Power
 
         4,416   
 

         
 9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
4,416     
    
10.
  
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
  
¨
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
 0.08%        
    
12.
  
Type of Reporting Person*
 
PN        
    
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
 
 




 
SCHEDULE 13G
 
CUSIP No. 469249106
 
         
  1.
  
Name of Reporting Person
 
Malta Hedge Fund, L.P.        
    
  2.
  
Check the Appropriate Box if a Member of a Group*
  
(a)  ¨
(b)  ¨
 
  3.
  
SEC Use Only
 
    
  4.
  
Citizen or Place of Organization
 
Delaware        
    

     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  
  5.    Sole Voting Power
 
 
  6.    Shared Voting Power
 
17,607
 
  7.    Sole Dispositive Power
 
  8.    Shared Dispositive Power
 
    17,607    

         
 9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
17,607      
    
10.
  
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
  
¨
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
0.31%        
    
12.
  
Type of Reporting Person*
 
PN        
    
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 

 
SCHEDULE 13G
 
CUSIP No. 469249106
 
         
  1.
  
Name of Reporting Person
 
Malta Hedge Fund II, L.P.        
    
  2.
  
Check the Appropriate Box if a Member of a Group*
  
(a)  ¨
(b)  ¨
 
  3.
  
SEC Use Only
 
    
  4.
  
Citizen or Place of Organization
 
Delaware        
    

     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  
  5.    Sole Voting Power
 
 
  6.    Shared Voting Power
 
    100,325 
 
  7.    Sole Dispositive Power
 
 
  8.    Shared Dispositive Power
 
    100,325  

         
 9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
100,325       
    
10.
  
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
  
¨
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
1.78%        
    
12.
  
Type of Reporting Person*
 
PN        
    
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
 
 

 
SCHEDULE 13G
 
CUSIP No. 469249106
 
 
         
  1.
  
Name of Reporting Person
 
Malta Offshore, Ltd            
    
  2.
  
Check the Appropriate Box if a Member of a Group*
  
(a)  ¨
(b)  ¨
 
  3.
  
SEC Use Only
 
    
  4.
  
Citizen or Place of Organization
 
Cayman Islands        
    

     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  
  5.    Sole Voting Power
 
 
  6.    Shared Voting Power
 
            44,318
 
  7.    Sole Dispositive Power
 
 
  8.    Shared Dispositive Power
 
            44,318

         
 9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
44,318
    
10.
  
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
  
¨
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
0.79%
    
12.
  
Type of Reporting Person*
 
CO
    
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!



 
 
 

 
SCHEDULE 13G
 
CUSIP No. 469249106
 
         
  1.
  
Name of Reporting Person
 
SOAM Capital Partners, L.P.            
    
  2.
  
Check the Appropriate Box if a Member of a Group*
  
(a)  ¨
(b)  ¨
 
  3.
  
SEC Use Only
 
    
  4.
  
Citizen or Place of Organization
 
Delaware        
    

     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  
  5.    Sole Voting Power
 
 
  6.    Shared Voting Power
 
            166,667
 
  7.    Sole Dispositive Power
 
 
 8.    Shared Dispositive Power
 
            166,667

         
 9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
166,667
    
10.
  
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
  
¨
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
2.96%
    
12.
  
Type of Reporting Person*
 
PN
    
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
 
 


 
SCHEDULE 13G
 
CUSIP No.469249106
 
 
         
  1.
  
Name of Reporting Person
 
Terry Maltese
    
  2.
  
Check the Appropriate Box if a Member of a Group*
  
(a)  ¨
(b)  ¨
 
  3.
  
SEC Use Only
 
    
  4.
  
Citizen or Place of Organization
 
USA            
    

     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
  
  5.    Sole Voting Power
 
  6.    Shared Voting Power
 
333,333
 
  7.    Sole Dispositive Power
 
 
 8.    Shared Dispositive Power
 
 333,333        

         
 9.
  
Aggregate Amount Beneficially Owned by Each Reporting Person
 
333,333         
    
10.
  
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
  
¨
 
11.
  
Percent of Class Represented by Amount in Row (9)
 
5.91%            
    
12.
  
Type of Reporting Person*
 
IN        
    
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 


 
SCHEDULE 13G
 
 
CUSIP No.469249106

Item 1(a).     Name of Issuer:
 Jacksonville Bancorp, Inc.

Item 1(b).     Address of Issuer's Principal Executive Offices:
                              100 North Laura Street, Suite 100, Jacksonville, FL 32202

Item 2(a).     Name of Person Filing:
This statement is being filed by (i) Sandler O’Neill Asset Management LLC, a New York limited liability company ("SOAM"), with respect to shares of Common Stock beneficially owned by Malta Partners, L.P., a Delaware limited partnership ("MP"), Malta Hedge Fund, L.P., a Delaware limited partnership ("MHF"), Malta Hedge Fund II, L.P., a Delaware limited partnership ("MHFII") and Malta Offshore, Ltd., a Cayman Islands company ("MO"), (ii) SOAM Holdings, LLC, a Delaware limited liability company ("Holdings"), with respect to shares of Common Stock beneficially owned by MP, MHF and MHFII, (iii) MP, with respect to shares of Common Stock beneficially owned by it, (iv) MHF, with respect to shares of Common Stock ben eficially owned by it, (v) MHFII, with respect to shares of Common Stock beneficially owned by it, (vi) MO, with respect to shares of Common Stock beneficially owned by it, and (vii) Terry Maltese as Managing Member of SOAM, with respect to shares of Common Stock beneficially owned by MP, MHF, MHFII and MO; and as managing member of SOAM Ventures, LLC ("Ventures"), a Delaware limited liability company, with respect to shares of Common Stock beneficially owned by SOAM Capital Partners, L.P. ("SCP"), a Delaware limited partnership of which Ventures is the management company.  The foregoing persons are hereinafter sometimes referred to collectively as the “Reporting Persons”.

Item 2(b).     Address of Principal Business Office:
The address of the principal offices of each of MP, MHF, MHFII, SCP, Holdings and SOAM and the business address of Mr. Maltese is Sandler O'Neill Asset Management LLC, 780 Third Avenue, 5th Floor, New York, New York 10017. The address of the principal office of MO is c/o Citco Fund Services (Cayman Islands) Limited, 89 Nexus Way, 2nd Floor, Camana Bay, PO Box 31106, Grand Cayman KY1-1205, Cayman Islands.

Item 2(c).     Citizenship:
Mr. Maltese is a U.S. Citizen.

Item 2(d).     Title of Class of Securities:
                             Common Stock

Item 2(e).     CUSIP Number:
469249106

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not Applicable
 
 


 
 
 

 
SCHEDULE 13G
 
 
CUSIP No.469249106
 
 
Item 4.   Ownership.

 (a) and (b)  Based upon an aggregate of 5,639,326 shares of Common Stock outstanding, as determined by the Issuer’s most recently available public information, as of the close of business on November 17, 2010:
 
(i)
MP beneficially owned 4,416 shares of Common Stock, constituting 0.08% of the shares outstanding.
 
(ii)
MHF beneficially owned 17,607 shares of Common Stock, constituting approximately 0.31% of the shares outstanding.
 
(iii)
MHFII beneficially owned 100,325 shares of Common Stock, constituting approximately 1.78% of the shares outstanding.
 
(iv)
MO beneficially owned 44,318 shares of Common Stock, constituting approximately 0.79% of the shares outstanding.
 
(v)
SCP beneficially owned 166,667 shares of Common Stock, constituting approximately 2.96% of the shares outstanding.
 
(vi)
SOAM owned directly no shares of Common Stock. By reason of its position as management company for MP, MHF, MHFII, MO, and as an affiliate of Ventures, management company for SCP, SOAM may be deemed to beneficially own the 4,416 shares owned by MP, the 17,607 shares owned by MHF, the 100,325 shares owned by MHFII, the 44,318 shares owned by MO, and the 166,667 shares owned by SCP, or an aggregate of 333,333 shares of Common Stock, constituting approximately 5.91% of the shares outstanding.
 
(vii)
Holdings owned directly no shares of Common Stock. By reason of its position as general partner of MP, MHF and MHFII, Holdings may be deemed to beneficially own the 4,416 shares owned by MP, the 17,607 shares owned by MHF, and the 100,325 shares owned by MHFII, or an aggregate of 122,348 shares of Common Stock, constituting approximately 2.17% of the shares outstanding.
 
(viii)
Mr. Maltese directly owned no shares of Common Stock. By reason of his position as Managing Member of Holdings, SOAM and Ventures, Mr. Maltese may be deemed to beneficially own the 4,416 shares owned by MP, the 17,607 shares owned by MHF, the 100,325 shares owned by MHFII, the 44,318 shares owned by MO, and the 166,667 shares owned by SCP, or an aggregate of 333,333 shares of Common Stock, constituting approximately 5.91% of the shares outstanding.
 
(ix)
In the aggregate, the Reporting Persons beneficially own 333,333 shares of Common Stock, constituting approximately 5.91% of the shares outstanding.
 

(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:

No Reporting Person has sole power to vote or to direct the vote over the shares held by such Reporting Person.

(ii) Shared power to vote or to direct the vote:

 
MP:
4,416
MO:
44,318
SOAM:
122,348
 
MHF:
17,607
SCAP:
166,667
MR. MALTESE:
333,333
 
MHFII:
100,325
HOLDINGS:
333,333
    
             


 
 
 

 
SCHEDULE 13G
 
 

(iii)  
Sole power to dispose or to direct the disposition of:

No Reporting Person has sole power to dispose or to direct the disposition over the shares held by such Reporting Person.

(iv) Shared power to dispose or to direct the disposition of:

 
MP:
4,416
MO:
44,318
SOAM:
122,348
 
MHF:
17,607
SCAP:
166,667
MR. MALTESE:
333,333
 
MHFII:
100,325
HOLDINGS:
333,333
    
             


Each of the Reporting Persons hereby disclaims any beneficial ownership of any Shares in excess of their actual beneficial ownership thereof.


Item 5.   Ownership of Five Percent or Less of a Class:
 
Not applicable.

Item 6.   Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8.   Identification and Classification of Members of the Group.

Not applicable.

Item 9.   Notice of Dissolution of Group.

Not applicable.

Item 10.  Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
Exhibits:  [Exhibit I:  Joint Acquisition Statement, dated as of November 24, 2010.]
 
 

 
 
 


 
SIGNATURES
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated: August 11, 2010
 
 MALTA PARTNERS, L.P.
      
MALTA HEDGE FUND, L.P.
         
By:
  
SOAM Holdings, LLC,
the sole general partner         
      
By:
  
SOAM Holdings, LLC,
the sole general partner
 
By:
  
/s/ Terry Maltese      
      
By:
  
/s/ Terry Maltese      
   
Terry Maltese
Managing Member
          
Terry Maltese
Managing Member
     
 
MALTA OFFSHORE, LTD
      
MALTA HEDGE FUND II, L.P.
                 
By:
  
/s/ Terry Maltese      
      
By:
  
SOAM Holdings, LLC,
the sole general partner
   
Terry Maltese
Director
      
By:
  
/s/ Terry Maltese      
               
Terry Maltese
Managing Member
 
                 
SOAM CAPITAL PARTNERS, L.P.
      
Sandler O’Neill Asset
       
Management LLC
         
By:
  
SOAM Venture Holdings, LLC
      
By:
  
/s/ Terry Maltese      
By:
  
/s/ Terry Maltese      
          
Terry Maltese
President
   
Terry Maltese
Managing Member
            
 
 
SOAM Holdings, LLC
      
Terry Maltese
         
By:
  
/s/ Terry Maltese      
      
 By:
  
/s/ Terry Maltese      
   
Terry Maltese
Managing Member
          
Terry Maltese

 


 
 
 


 
EXHIBIT 1

JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k)

          The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements.  The undersigned acknowledge that each shall be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

Dated:  November 24, 2010

 MALTA PARTNERS, L.P.
      
MALTA HEDGE FUND, L.P.
         
By:
  
SOAM Holdings, LLC,
the sole general partner         
      
By:
  
SOAM Holdings, LLC,
the sole general partner
 
By:
  
/s/ Terry Maltese      
      
By:
  
/s/ Terry Maltese      
   
Terry Maltese
Managing Member
          
Terry Maltese
Managing Member
 
 
MALTA OFFSHORE, LTD
      
MALTA HEDGE FUND II, L.P.

                 
By:
  
/s/ Terry Maltese      
      
By:
  
SOAM Holdings, LLC,
the sole general partner
   
Terry Maltese
Director
      
By:
  
/s/ Terry Maltese      
               
Terry Maltese
Managing Member

                 
SOAM CAPITAL PARTNERS, L.P.
      
Sandler O’Neill Asset
       
Management LLC
         
By:
  
SOAM Venture Holdings, LLC
      
By:
  
/s/ Terry Maltese      
By:
  
/s/ Terry Maltese      
          
Terry Maltese
President
   
Terry Maltese
Managing Member
            
 
SOAM Holdings, LLC
      
Terry Maltese
         
By:
  
/s/ Terry Maltese      
      
 By:
  
/s/ Terry Maltese      
   
Terry Maltese
Managing Member
          
Terry Maltese
 

 

SK 27061 0001 1150737


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