-----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, DLn/NBJ1J/eaNluNJRILT7wsb9UdV5Ux11wQZu5vB/JSXrSDgATqilY/YF0d9zZx ADIlLExC8NGfBo1iDIGdVw== 0000950133-98-002572.txt : 19980710 0000950133-98-002572.hdr.sgml : 19980710 ACCESSION NUMBER: 0000950133-98-002572 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980709 SROS: NONE GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS II L P GROUP MEMBERS: HOVDE CAPITAL, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST STATE BANCORPORATION CENTRAL INDEX KEY: 0000897861 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 850366665 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-44079 FILM NUMBER: 98663492 BUSINESS ADDRESS: STREET 1: 111 LOMAS AVE N W CITY: ALBUQUERQUE STATE: NM ZIP: 87102 BUSINESS PHONE: 5052417500 MAIL ADDRESS: STREET 1: PO BOX 3686 CITY: ALBUQUERQUE STATE: NM ZIP: 87190 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL INSTITUTION PARTNERS II L P CENTRAL INDEX KEY: 0001041692 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1629 COLONIAL PARKWAY CITY: INVERNESS STATE: IL ZIP: 60067 BUSINESS PHONE: 8479916622 MAIL ADDRESS: STREET 1: 1629 COLONIAL PARKWAY CITY: INVERNESS STATE: IL ZIP: 60067 SC 13D 1 SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE EXCHANGE ACT OF 1934 (AMENDMENT NO. ____ ) FIRST STATE BANCORPORATION - ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - ------------------------------------------------------------------------------- (Title of Class of Securities) 336453105 ---------------------------------------- (CUSIP Number) RICHARD J. PERRY JR., ESQUIRE PERRY & ASSOCIATES, P.C. 1826 JEFFERSON PLACE, N.W. WASHINGTON, D.C. 20036 TEL: (202) 775-8109 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) JUNE 29, 1998 - ------------------------------------------------------------------------------- (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 which is the subject if this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box ___ . Check the following box if a fee is being paid with this statement. _X_. A fee is not required only if the reporting person (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item (1); and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class. Page 1 of 14 Pages Exhibit Index at Page 13 2 CUSIP NUMBER 336453105 PAGE 2 OF 14 PAGES - --------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/ S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON Financial Institution Partners II, L.P. /36-4131559 - --------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ____ (b) ____ - --------------------------------------------------------------------------------------------------- 3. SOURCE OF FUNDS WC OO - --------------------------------------------------------------------------------------------------- 4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AN 2(e) NO - --------------------------------------------------------------------------------------------------- 5. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------------------------------------------------------------------------------- NUMBER OF SHARES 6. SOLE VOTING POWER OWNED BY EACH REPORTING ----------------------------------------------------------------------------- PERSON WITH 7. SHARED VOTING POWER 132,170 SHARES ----------------------------------------------------------------------------- 8. SOLE DISPOSITIVE POWER ----------------------------------------------------------------------------- 9. SHARED DISPOSITIVE POWER 132,170 SHARES ----------------------------------------------------------------------------- 10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 132,170 SHARES - --------------------------------------------------------------------------------------------------- 11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES? NO - --------------------------------------------------------------------------------------------------- 12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10) 5.11% - --------------------------------------------------------------------------------------------------- 13. TYPE OF REPORTING PERSON PN - ---------------------------------------------------------------------------------------------------
3 CUSIP NUMBER 336453105 PAGE 3 OF 14 PAGES - --------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/ S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON Hovde Capital, L.L.C./ 91-1825712 - --------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ____ (b) ____ - --------------------------------------------------------------------------------------------------- 3. SOURCE OF FUNDS AF - --------------------------------------------------------------------------------------------------- 4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AN 2(e) NO - --------------------------------------------------------------------------------------------------- 5. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES 6. SOLE VOTING POWER OWNED BY EACH REPORTING ----------------------------------------------------------------------------- PERSON WITH 7. SHARED VOTING POWER 132,170 SHARES ----------------------------------------------------------------------------- 8. SOLE DISPOSITIVE POWER ----------------------------------------------------------------------------- 9. SHARED DISPOSITIVE POWER 132,170 SHARES - --------------------------------------------------------------------------------------------------- 10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 132,170 SHARES - --------------------------------------------------------------------------------------------------- 11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES? NO - --------------------------------------------------------------------------------------------------- 12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10) 5.11% - --------------------------------------------------------------------------------------------------- 13. TYPE OF REPORTING PERSON CO - ---------------------------------------------------------------------------------------------------
4 ITEM 1. SECURITY AND ISSUER The class of security to which this statement relates is the common stock, par value $.01 per share (the "Shares"), of First State Bancorporation (the "Issuer"). The address of the principal executive offices of the Issuer is 7900 Jefferson NE, Albuquerque, NM 87109. ITEM 2. IDENTITY AND BACKGROUND The persons filing this statement are Financial Institution Partners II, L.P. (the "Limited Partnership") and Hovde Capital, L.L.C., who are collectively referred to herein as the "Reporting Persons." The Limited Partnership is a Delaware limited partnership formed for the purpose of investing in, among other things, the equity securities of various financial institutions and financial services companies. Hovde Capital, L.L.C., a Nevada limited liability company, is the general partner (the "General Partner") of the Limited Partnership. 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 office for the Limited Partnership and the General Partner as well as information required by (a) through (f) of this Item as to each executive officer, director and/or controlling person of the General Partner. The General Partner controls the Limited Partnership. None of the Reporting Persons or executive officers, directors or controlling persons of the General Partner has, 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 any violation with respect to such laws. The Reporting Persons do not believe that they constitute a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934. Nevertheless, the Reporting Persons are making this filing because of the possibility that they may be deemed a group, although each of the Reporting Persons disclaims any membership in, and the existence of, such a group. Neither the making of this filing nor any statement contained herein shall be deemed to be an admission by any of the Reporting Persons that a group exists. 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. Page 4 of 14 Pages 5 ITEM 4. PURPOSE OF TRANSACTION The Reporting Persons have acquired the Shares for investment purposes and as set forth below: (a) Each of the Reporting Persons may independently acquire additional Shares or dispose of some or all of its Shares. (b) None. (c) None. (d) None. (e) None. (f) None. (g) None. (h) None. (i) None. (j) None. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) (b) Schedule 3 hereto, which is incorporated by reference herein, sets forth, as of July 7, 1998, 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 (based upon information provided by the Issuer, there are 2,587,794 Shares outstanding as of that date) as to each of the Reporting Persons. (c) None. (d) None. (e) Not applicable. Each of the Reporting Persons disclaims beneficial ownership of Shares beneficially owned by any of the other Reporting Persons. Page 5 of 14 Pages 6 ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER None. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS Exhibit A- Consent Agreement pursuant to 17 C.F.R. Section 13d-1(f)(1) Page 6 of 14 Pages 7 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 II, L.P., by its General Partner, HOVDE CAPITAL, L.L.C. By: /s/ Eric D. Hovde ---------------------------------------------------------- Eric D. Hovde Its: Manager HOVDE CAPITAL, L.L.C. By: /s/ Eric D. Hovde -------------------------------------------------------- Eric D. Hovde Its: Manager Dated: 7/7/98 ----------------
Page 7 of 14 Pages 8 SCHEDULE 1 INFORMATION RELATING TO REPORTING PERSONS
PRINCIPAL BUSINESS AND ADDRESS OF PRINCIPAL BUSINESS NAME OR PRINCIPAL OFFICE ---- ----------------------------- Financial Institution Partners II, L.P. Limited partnership formed to make investments primarily in equity securities of financial institutions and financial services companies 1629 Colonial Parkway Inverness, Illinois 60067 Organized: State of Delaware Hovde Capital, L.L.C. Limited liability company formed to serve as the general partner of the Limited Partnership 1629 Colonial Parkway Inverness, Illinois 60067 Incorporated: State of Delaware
Page 8 of 14 Pages 9 INFORMATION RELATING TO EXECUTIVE OFFICERS, DIRECTORS AND/OR CONTROLLING PERSONS
NAME PRINCIPAL OCCUPATION ADDRESS BUSINESS ADDRESS CITIZENSHIP ------------ ----------------------- --------------------- Steven D. Hovde 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 Investment banker 1826 Jefferson Place, N.W. Hovde Financial, Inc. U.S. Washington, D. C. 20036 1826 Jefferson Place, N.W. Washington, D. C. 20036 Investment banking firm
Page 9 of 14 Pages 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 TOTAL ORIGINALLY FINANCED/ SOURCE OF NAME CONSIDERATION CURRENT BALANCE FUNDS* ---- ------------- --------------- ------------ Financial Institution $3,054,790.26 $1,527,395.13/ Working Capital/ Partners II, L.P. $1,527,395.13 Line of Credit Hovde Capital, L.L.C. $3,054,790.26 $1,527,395.13/ Line of Credit of $1,527,395.13 Affiliate
- ------------------------------------------ * $1,527,395.13 was financed through a line of credit with NationsBanc Montgomery at Federal Funds rate +5/8. Page 10 of 14 Pages 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 132,170 5.11% Partners II, L.P. Hovde Capital, L.L.C. 132,170 5.11%
Page 11 of 14 Pages 12 SCHEDULE 4 DESCRIPTION OF TRANSACTIONS IN SHARES EFFECTED WITHIN 60 DAYS The reporting persons effected the following transactions in the Shares within sixty (60) days of June 29, 1998.
TRANSACTION AMOUNT OF TRANSACTION TRANSACTION DATE SHARES PRICE BROKER TYPE --------------- --------------- --------------- --------------- ------------- 05/08/98 1,000 $24.500 Keefe* Buy 05/15/98 17,400 $23.269 Keefe* Buy 05/28/98 40,000 $23.125 Keefe* Buy 06/09/98 5,000 $24.250 Keefe* Buy 06/14/98 28,970 $23.188 Keefe* Buy 06/17/98 15,000 $23.146 Keefe* Buy 06/29/98 7,500 $23.125 Keefe* Buy
- -------------------- * Keefe Bruyette Woods Page 12 of 14 Pages 13 EXHIBIT INDEX
Page Exhibit A Consent Agreement pursuant to 17 C.F.R. Section 13d-1(f)(1) 13
Page 13 of 14 Pages EX-99.A 2 CONSENT AGREEMENT 1 EXHIBIT A Consent Agreement Pursuant to 17 C.F.R. Section 13d-1(f)(1) 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(f)(1) with respect to his/its beneficial ownership of the shares of the Issuer. FINANCIAL INSTITUTION PARTNERS II, L.P., by its General Partner, HOVDE CAPITAL, L.L.C. By: /s/ Eric D. Hovde --------------------------------------------- Its: Manager HOVDE CAPITAL, L.L.C. By: /s/ Eric D. Hovde ------------------ Its: Manager Page 14 of 14 Pages -----END PRIVACY-ENHANCED MESSAGE-----