-----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, DvcyTocmqyk4KtAvopuoqbYvUWXp31WtSoo76kIQvsnFRgaD7cHKYLB+ff0a4uyO 3hGIQe0l7eDtTdalU+ABWQ== 0001019966-04-000004.txt : 20040610 0001019966-04-000004.hdr.sgml : 20040610 20040609175048 ACCESSION NUMBER: 0001019966-04-000004 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040610 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 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78810 FILM NUMBER: 04856769 BUSINESS ADDRESS: STREET 1: PO BOX 40466 CITY: JACKSONVILLE STATE: FL ZIP: 32203-0466 BUSINESS PHONE: 9044213040 MAIL ADDRESS: STREET 1: PO BOX 40466 CITY: JACKSONVILLE STATE: FL ZIP: 32203-0466 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOVDE STEVEN D CENTRAL INDEX KEY: 0001019966 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1629 COLONIAL PARKWAY CITY: INVERNESS STATE: IL ZIP: 60067 BUSINESS PHONE: 8658080888 MAIL ADDRESS: STREET 1: 1110 LAKE COOK ROAD STREET 2: SUITE 165 CITY: BUFFALO GROVE STATE: IL ZIP: 60089 SC 13D/A 1 jaxb13da3.txt 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE EXCHANGE ACT OF 1934 (Amendment No. 3)* Jacksonville Bancorp, Inc. /FL/ - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 Par Value - ------------------------------------------------------------------------------- (Title of Class of Securities) 469249106 - ------------------------------------------------------------------------------- (CUSIP Number) Richard J. Perry, Jr., Esquire Perry & Magli PLLC 1824 Jefferson Place, N.W. Washington, D.C. 20036 (202) 775-8109 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 7, 2004 - ------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.[ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7(b) for other parties to whom copies are to be sent. * 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 disclosures provided in a prior cover page. The information required on 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). Exhibit Index at page 13 Page 1 of 14 2
- ------------------------------------------------------------------------------- CUSIP NUMBER 469249106 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Hovde Capital Advisors LLC / 03-0430205 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS (See Instructions) AF - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(1) 47,437 Shares ------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 47,437 Shares ------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 47,437 Shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.8% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IA - ------------------------------------------------------------------------------- (1) The 47,437 Shares beneficially owned by Hovde Capital Advisors LLC are as Investment Manager to Financial Institution Partners III, L.P., the direct owner.
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- ------------------------------------------------------------------------------- CUSIP NUMBER 469249106 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Financial Institution Partners III, L.P. / 52-2199979 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e). [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(2) 47,437 Shares ------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 47,437 Shares ------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 47,437 Shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.8% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------- (2) Of the 47,437 Shares directly owned by Financial Institution Partners III, L.P., 36,000 are warrants exercisable as of the date of this filing at $13.00 per share.
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- ------------------------------------------------------------------------------- CUSIP NUMBER 469249106 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Eric D. Hovde - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF/PF - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e). [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 10,151 Shares EACH ------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(3) 47,437 Shares ------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 10,151 Shares ------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 47,437 Shares ------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,588 Shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.4% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- (3) Of the 57,588 Shares beneficially owned by Eric D. Hovde, 47,437 of the Shares are as President, Chief Executive Officer, and Managing Member of Hovde Capital Advisors LLC, the Investment Manager to Financial Institution Partners III, L.P., the direct owner, and 10,151 of the Shares are owned directly.
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- ------------------------------------------------------------------------------- CUSIP NUMBER 469249106 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Steven D. Hovde - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF/PF - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 30,651 Shares EACH ------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(4) 47,437 Shares ------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 30,651 Shares ------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 47,437 Shares ------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 78,088 Shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- (4) Of the 78,088 Shares beneficially owned by Steven D. Hovde, 47,437 of the Shares are as Chairman of Hovde Capital Advisors LLC, the Investment Manager to Financial Institution Partners III, L.P., the direct owner, 2,470 of the Shares are as trustee to certain trust accounts, the direct owners, and 28,181 of the Shares are owned directly.
Page 5 of 14 6 Item 1. Security and Issuer The class of security to which this statement relates is the common stock, $.01 par value (the "Shares"), of Jacksonville Bancorp, Inc. (the "Issuer"). The address of the principal executive offices of the Issuer is 76 South Laura Street, Suite 104, Jacksonville, Florida 32202. Item 2. Identity and Background The persons filing this statement are Hovde Capital Advisors LLC (the "Investment Manager"), Financial Institution Partners III, L.P. (the "Limited Partnership"), Eric D. Hovde, and Steven D. Hovde. The Investment Manager, the Limited Partnership, Eric D. Hovde and Steven D. Hovde are collectively referred to herein as the "Reporting Persons." Hovde Capital Advisors LLC, a Delaware limited liability company, is the Investment Manager to the Limited Partnership, which directly owns Shares. Eric D. Hovde and Steven D. Hovde, through ownership of an interest in, and positions as officers, directors and/or members of the Investment Manager, each may be deemed to hold beneficial interests in the Shares directly owned by the Limited Partnership. Steven D. Hovde, as trustee to certain trust accounts, may be deemed to hold beneficial interests in the Shares directly owned by these trusts. Additionally, both Eric D. Hovde and Steven D. Hovde each, individually, directly own Shares. Each of Eric D. Hovde and Steven D. Hovde disclaim beneficial ownership of the Shares directly owned by the other. Attached as Schedule 1 hereto and incorporated by reference herein is a list containing the principal business and the address of its principal business and offices for the Limited Partnership and the Investment Manager as well as information required by (a) through (f) of this Item as to each executive officer, director and/or controlling person of the Investment Manager who are Reporting Persons. The Investment Manager controls Financial Institution Partners III, L.P., the direct owner of Shares. None of the Reporting Persons or executive officers, directors or controlling persons of the Investment Manager or the Limited Partnership have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding of any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration Information regarding the source and amount of funds used by the Reporting Persons in acquiring beneficial ownership of their Shares is set forth in Schedule 2 attached hereto and incorporated herein by reference. Item 4. Purpose of Transaction The Reporting Persons are making this filing in the event that the greater than one percent decrease in the Reporting Persons' aggregate beneficial ownership of the Shares, as of June 7, 2004, resulting from Eric D. Hovde's and the Limited Partnership's disposition of Shares, is deemed to constitute a "material change" as defined in 17 C.F.R. Section 240.13d-2(a). The Reporting Persons have acquired, held and/or disposed of the Shares for investment purposes and as set forth below: Each of the Reporting Persons may independently acquire additional Shares or dispose of some or all of its Shares. The Reporting Persons expect to evaluate on an ongoing basis their investment in the Issuer, and may independently from time to time acquire additional Shares, dispose of Shares or formulate other purposes, plans or proposals regarding the Issuer or the Shares held by the Reporting Persons in addition to those discussed above. Any such acquisitions or dispositions may be made, subject to applicable law, in open market or privately negotiated transactions or otherwise. Except as described above, neither the Reporting Persons nor, to the knowledge of the Reporting Persons, any of the persons named in Schedule 1 hereto have any plans or proposals which relate to or would result in any of the actions or transactions specified in clauses (a) through (j) of Item 4 of Schedule 13D. Page 6 of 14 7 Item 5. Interest in Securities of the Issuer (a), (b) Schedule 3 attached hereto and incorporated by reference herein, sets forth, as of June 9, 2004, information relating to the aggregate number of Shares of the Issuer and the percentage of the outstanding Shares of the Issuer as of such date as to each of the Reporting Persons. For purposes of this filing, the Reporting Persons have determined that there are 1,482,336 Shares of the issuer outstanding, as listed in the 10Q filed by the issuer for the quarterly period ending March 31, 2004, and that there are 224,900 warrants outstanding, as listed in the 10K filed by the Issuer for the year ending December 31, 2003. Of the 224,900 Warrants outstanding, the Limited Partnership holds 36,000 Warrants exercisable at $13.00 per share. As of the date of this filing, the Limited Partnership has not exercised any Warrants. With respect to the Shares set forth on Schedule 3, the direct and/or beneficial ownership is as follows: By virtue of its control over the Limited Partnership, all decisions regarding voting and disposition of the Shares beneficially owned by the Limited Partnership are made by the Investment Manager, acting through its chairman, chief executive officer, president, or managing members. As such, the Limited Partnership and the Investment Manager share voting and investment power with respect to those Shares. Therefore, as a result of their ownership interest in, and positions as directors, officers and/or managers of the Investment Manager, Eric D. Hovde and Steven D. Hovde may be deemed to have beneficial ownership of the Shares owned directly by the Limited Partnership. Steven D. Hovde, as trustee, manages certain trust accounts that directly own 2,470 Shares; therefore, Steven D. Hovde may be deemed to have beneficial ownership of these Shares. Steven D. Hovde is the direct owner of 28,181 Shares. Eric D. Hovde is the direct owner of 10,151 Shares. Eric D. Hovde disclaims beneficial ownership of those Shares directly owned by Steven D. Hovde and those Shares which Steven D. Hovde may be deemed to beneficially own by virtue of his position as Trustee to certain trust accounts. Steven D. Hovde disclaims beneficial ownership of those shares directly owned by Eric D. Hovde. Notwithstanding the foregoing, in the event that Eric D. Hovde, Steven D. Hovde, the Investment Manager and the Limited Partnership are deemed to be acting as a group, the aggregate number of shares held by the Reporting Persons, and the aggregate percent of the outstanding shares of the Issuer held by the Reporting Persons, is listed on Schedule 3 attached hereto. (c) Schedule 4 attached hereto and incorporated by reference herein, describes, as of June 9, 2004, transactions in the Shares effected by the Reporting Persons as of June 3, 2004, the date of the Reporting Persons' last amended filing. (d) None. (e) The Limited Partnership, the Investment Manager, and Eric D. Hovde ceased to be the beneficial owners of more than five percent of the Shares as of May 27, 2004. Steven D. Hovde ceased to be the beneficial owner of more than five percent of the Shares as of June 7, 2004. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Page 7 of 14 8 Item 7. Materials to be filed as Exhibits Exhibit A - Consent Agreement pursuant to 17 C.F.R. section 13d-1(k)(1)(iii) Exhibit B - Options Agreement between Morgan Stanley & Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the SEC on June 9, 2003) Exhibit C - Customer Prime Broker Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the SEC on June 9, 2003) Exhibit D - Master Securities Loan Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the SEC on June 9, 2003) Exhibit E - Account Control Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the SEC on June 9, 2003) Signatures After reasonable inquiry and to the best of his/its knowledge and belief, each of the undersigned Reporting Persons certifies that the information set forth in this statement with respect to him/it is true, complete and correct. FINANCIAL INSTITUTION PARTNERS III, L.P., by its General Partner, HOVDE CAPITAL, LTD. By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary HOVDE CAPITAL ADVISORS LLC By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary ERIC D. HOVDE /s/ Eric D. Hovde ------------------------------------------------- STEVEN D. HOVDE /s/ Steven D. Hovde ------------------------------------------------- Dated: 06/9/04 Page 8 of 14 9 Schedule 1 INFORMATION RELATING TO REPORTING PERSONS
Principal Business and Address of Principal Business Name or Principal Office - ---- ------------------------------ Financial Institution Limited partnership formed to Partners III, L.P. make investments primarily in equity securities of financial institutions and financial services companies. 1826 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Delaware Hovde Capital Advisors LLC Limited liability company and registered investment adviser formed to serve as an investment manager. 1826 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Delaware
INFORMATION RELATING TO EXECUTIVE OFFICERS, DIRECTORS AND/OR CONTROLLING PERSONS
NAME PRINCIPAL OCCUPATION ADDRESS BUSINESS ADDRESS CITIZENSHIP - ------- -------------------- ----------- Steven D. Hovde(5) Investment banker U.S. 1629 Colonial Parkway Hovde Financial, Inc. Inverness, Illinois 60067 1629 Colonial Parkway Inverness, Illinois 60067 Investment banking firm Eric D. Hovde (6) Portfolio Manager U.S. 1826 Jefferson Place, N.W. Hovde Capital Advisors LLC Washington, D.C. 20036 1826 Jefferson Place, N.W. Washington, D.C. 20036 Registered Investment Adviser
- ------------------------------------------------------------------------------- (5) Steven D. Hovde is the Chairman of Hovde Capital Advisors LLC. (6) Eric D. Hovde is the President, Chief Executive Officer and Managing Member of Hovde Capital Advisors LLC. Page 9 of 14 10 SCHEDULE 2 The following table sets forth the amount and source of funds used by each Reporting Person in acquiring the Shares beneficially owned by it.
Amount Originally Total Financed/ Source of Name Consideration Current Balance Funds - ------------------------------------------------------------------------------- Financial $ 125,281 $0 Working Capital Institution Partners III, L.P. Hovde Capital $ 125,281 $0 Working Capital Advisors LLC Of Affiliates Eric D. Hovde $ 248,311 $0 Working Capital Of Affiliates/ Personal Funds Steven D. Hovde $ 560,578 $0 Working Capital Of Affiliates/ Personal Funds
- ------------------------------------------------------------------------------- Page 10 of 14 11 SCHEDULE 3 The following table sets forth the number and approximate percentage of Shares beneficially owned by each of the Reporting Persons. Each of the Reporting Persons has shared power to vote or to direct the vote and to dispose or to direct the disposition of the Shares of which each of them, respectively, possesses beneficial ownership.
Approximate Name Number of Shares Percentage - ---- ---------------- ----------- Financial Institution 47,437 2.8% Partners III, L.P. Hovde Capital Advisors LLC 47,437 2.8% Eric D. Hovde 57,588 3.4% Steven D. Hovde 78,088 4.6% - ------------------------------------------------------------------------------- Aggregate Shares Held by 88,239 5.2% Reporting Persons
Page 11 of 14 12 SCHEDULE 4 Description of Transactions in Shares Effected since June 3, 2004, the date of the Reporting Persons' last amended filing The Reporting Persons have effected the following transactions in the Shares throughout the period beginning on June 3, 2004 and ending on June 9, 2004:
- ------------------------------------------------------------------------------- Transaction Number of Transaction Transaction Broker Date Shares Price Type - ------------------------------------------------------------------------------- Financial 06/04/04 3,000 $26.04 Sell REDI Institution Partners III, L.P. Financial 06/07/04 7,400 $26.00 Sell REDI Institution Partners III, L.P. Eric D. 06/07/04 2,500 $26.00 Sell REDI Hovde Financial 06/08/04 3,200 $26.01 Sell REDI Institution Partners III, L.P. Eric D. 06/08/04 2,000 $26.01 Sell REDI Hovde Financial 06/09/04 3,292 $25.79 Sell REDI Institution Partners III, L.P. Eric D. 06/09/04 1,000 $25.79 Sell REDI HOVDE - -------------------------------------------------------------------------------
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EXHIBIT INDEX Page Exhibit A - Consent Agreement to 17 C.F.R. Section 14 13d-1(k)(1)(iii) Exhibit B - Options Agreement between Morgan Stanley & Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the SEC on June 9, 2003) Exhibit C - Customer Prime Broker Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the SEC on June 9, 2003) Exhibit D - Master Securities Loan Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the SEC on June 9, 2003) Exhibit E - Account Control Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the SEC on June 9, 2003)
- ------------------------------------------------------------------------------- Page 13 of 14 14 EXHIBIT A Consent Agreement Pursuant to 17 C.F.R. 13d-1(k)(1)(iii) Each of the undersigned hereby consents and agrees to the filing on behalf of each of them of the foregoing joint statement on Schedule 13D pursuant to 17 C.F.R. 13d-1(k)(1)(iii) with respect to his/its beneficial ownership of the shares of the Issuer. FINANCIAL INSTITUTION PARTNERS III, L.P., by its General Partner, HOVDE CAPITAL, LTD. By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary HOVDE CAPITAL ADVISORS LLC By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary ERIC D. HOVDE /s/ Eric D. Hovde ------------------------------------------------- STEVEN D. HOVDE /s/ Steven D. Hovde ------------------------------------------------- Dated: 06/09/04 Page 14 of 14 -----END PRIVACY-ENHANCED MESSAGE-----