-----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, NwKy3ejeSnoI698tam4BjOaS7KsTkyRp2t4pAbvRd1uZ9nDRKH1cj3gpz+u/4bj9 X4xID1bJ1iaAR9SAHJdiHQ== 0001107416-01-500012.txt : 20020413 0001107416-01-500012.hdr.sgml : 20020413 ACCESSION NUMBER: 0001107416-01-500012 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20011221 GROUP MEMBERS: ERIC D. HOVDE GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS III, L.P. GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS, L.P. GROUP MEMBERS: HOVDE CAPITAL, INC. GROUP MEMBERS: HOVDE CAPITAL, LTD. GROUP MEMBERS: STEVEN D. HOVDE FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL INSTITUTION PARTNERS III LP CENTRAL INDEX KEY: 0001107416 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 522199979 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1824 JEFFERSON PLACE NW CITY: WASHINGTON STATE: DC ZIP: 20036 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOBIESKI BANCORP INC CENTRAL INDEX KEY: 0000934860 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 351942803 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52543 FILM NUMBER: 1821918 BUSINESS ADDRESS: STREET 1: 2930 WEST CLEVELAND ROAD CITY: SOUTH BEND STATE: IN ZIP: 46628 BUSINESS PHONE: 2192718300 MAIL ADDRESS: STREET 1: 2930 W CLEVELAND CITY: SOUTH BEND STATE: IN ZIP: 46628 SC 13D/A 1 sobia1.txt 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE EXCHANGE ACT OF 1934 (Amendment No. 1)* Sobieski Bancorp, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $0.01 per share - ------------------------------------------------------------------------------- (Title of Class of Securities) 833582109 - ------------------------------------------------------------------------------- (CUSIP Number) Richard J. Perry, Jr., Esquire Perry & Associates, P.C. 1826 Jefferson Place, N.W. Washington, D.C. 20036 (202) 775-8109 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 19, 2001 - ------------------------------------------------------------------------------- (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 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 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 15 Page 1 of 16 2
- ------------------------------------------------------------------------------- CUSIP NUMBER 833582109 - ------------------------------------------------------------------------------- 1. NAMES 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 OO - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 35,375 ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 35,375 ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,375 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NUMBER 833582109 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Hovde Capital, Ltd. / 52-2199941 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Nevada - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 35,375 ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 35,375 ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,375 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NUMBER 833582109 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Financial Institution Partners, L.P. / 52-1899611 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC OO - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 0 ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NUMBER 833582109 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Hovde Capital, Inc. / 52-1891904 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 0 ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NUMBER 833582109 - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(1) 35,375 SHARES ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 35,375 SHARES ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,375 SHARES - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- (1) All of the 35,375 Shares beneficially owned by Eric D. Hovde are as Chairman, Chief Executive Officer and managing member of Hovde Capital, Ltd.
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- ------------------------------------------------------------------------------- CUSIP NUMBER 833582109 - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(2) 35,375 SHARES ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 35,375 SHARES ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,375 SHARES - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- (2) All of the 35,375 Shares beneficially owned by Steven D. Hovde are as President and managing member of Hovde Capital, Ltd.
Page 7 of 16 8 Item 1. Security and Issuer The class of security to which this statement relates is the common stock, $0.01 par value, of Sobieski Bancorp, Inc. (the "Issuer"). The address of the principal executive offices of the Issuer is 2930 W. Cleveland Road, South Bend, Indiana 46628. Item 2. Identity and Background The persons filing this statement are Financial Institution Partners III, L.P., Financial Institution Partners, L.P. (the "Limited Partnerships"), Hovde Capital, Ltd., Hovde Capital, Inc. (the "General Partners"), Eric D. Hovde, and Steven D. Hovde who are collectively referred to herein as the "Reporting Persons." The Limited Partnerships are Delaware limited partnerships formed for the purpose of investing in, among other things, the equity securities of various financial institutions and financial services companies. Hovde Capital, Ltd., a Nevada limited liability company, is the general partner of Financial Institution Partners III, L.P. Hovde Capital, Inc., a Delaware corporation, is the general partner of Financial Institution Partners, L.P. Eric D. Hovde and Steven D. Hovde each hold beneficial interests in the Shares through ownership of an interest in, and positions as officers and members of the General Partners. Eric D. Hovde and Steven D. Hovde are also directors and executive officers of Hovde Financial, Inc. ("Hovde Financial"). Hovde Financial does not beneficially own any of the Shares. 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 Partnerships and the General Partners 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 Partners who are Reporting Persons. The General Partners control the Limited Partnerships. None of the Reporting Persons or executive officers, directors or controlling persons of the General Partners 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 have acquired 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' December 19, 2001 transactions consisted of a private acquisition of the Issuer's securities by Financial Institution Partners III, L.P. from Financial Institution Partners, L.P., the term of which is expiring and is winding down. The Reporting Persons are filing this Schedule 13D with the Securities and Exchange Commission in the event that the December 19, 2001 transaction may be deemed "material" as such term is defined in section 240.13d-2. 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 related to or would result in any of the actions or transactions specified in clauses (a) through (j) of Item 4 of Schedule 13D. Page 8 of 16 9 Item 5. Interest in Securities of the Issuer (a), (b) Schedule 3 hereto, which is incorporated by reference herein, sets forth, as of December 21, 2001, 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 671,962 Shares outstanding as of that date) as to each of the Reporting Persons. With respect to the Shares set forth on Schedule 3, by virtue of their control over the Limited Partnerships, all decisions regarding voting and disposition of the Shares beneficially owned by the Limited Partnerships are made by the General Partners acting through their chief executive officer, president or managing members. As such, the Limited Partnerships and the General Partners share voting and investment power with respect to the Shares. Therefore, as a result of their ownership interest in, and positions as members and officers of the General Partners, Eric D. Hovde and Steven D. Hovde may be deemed to have beneficial ownership of the Shares. Neither the General Partners, their executive officers or controlling persons beneficially own any Shares personally or otherwise. (c) Schedule 4 hereto, which is incorporated by reference herein, describes, as of December 21, 2001, transactions in the Shares effected during the past sixty (60) days by the Reporting Persons. (d) None. (e) None. Each of the Reporting Persons disclaims beneficial ownership of Shares beneficially owned by any of the other Reporting Persons. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Page 9 of 16 10 Item 7. Materials to be filed as Exhibits Exhibit A - Consent Agreement pursuant to 17 C.F.R. 13d-1(f)(1) Exhibit B - Addendum to Banc of America Securities LLC Customer Agreement (3) (Incorporated by reference to Schedule 13D filed with the Securities and Exchange Commission (the "Commission") on September 28, 2001) Exhibit C - Account Agreement between Banc of America Securities LLC and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit D - Prime Broker Agreement between Banc of America Securities LLC and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit E - Partnership Agreement between Banc of America Securities LLC and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit F - Customer Agreement between Banc of America Securities LLC and Financial Institution Partners, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit G - Prime Broker Agreement between Banc of America Securities LLC and Financial Institution Partners, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit H - Partnership Agreement between Banc of America Securities LLC and Financial Institution Partners, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) (3) Portions of Exhibit B have been omitted pursuant to a request for confidential treatment of information in accordance with Rule 24b-2 of the Securities and Exchange Act of 1934. The confidential section is on file with the Commission. 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/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Its: Managing Member HOVDE CAPITAL, LTD. By: /s/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Its: Managing Member FINANCIAL INSTITUTION PARTNERS, L.P., by its General Partner, HOVDE CAPITAL, INC. By: /s/ Eric D. Hovde ------------------------------------------------ Eric D. Hovde Its: President HOVDE CAPITAL, INC. By: /s/ Eric D. Hovde ------------------------------------------------ Eric D. Hovde Its: President ERIC D. HOVDE /s/ Eric D. Hovde ------------------------------------------------- STEVEN D. HOVDE /s/ Steven D. Hovde ------------------------------------------------- Dated: 12/21/01 -------- Page 10 of 16 11 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. 1824 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Delaware Hovde Capital, Ltd. Limited liability company formed to serve as the general partner of Financial Institution Partners III, L.P. 1824 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Nevada Financial Institution Limited partnership formed to Partners, L.P. make investments primarily in equity securities of financial institutions. 1824 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Delaware Hovde Capital, Inc. Corporation formed to serve as the general partner of Financial Institution Partners, L.P. 1824 Jefferson Place, N.W. Washington, D.C. 20036 Incorporated: State of Delaware
INFORMATION RELATING TO EXECUTIVE OFFICERS, DIRECTORS AND/OR CONTROLLING PERSONS
NAME PRINCIPAL OCCUPATION ADDRESS BUSINESS ADDRESS CITIZENSHIP - ------- -------------------- ----------- Steven D. Hovde(4) 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 (5) Investment banker U.S. 1826 Jefferson Place, N.W. Hovde Financial, Inc. Washington, D.C. 20036 1826 Jefferson Place, N.W. Washington, D.C. 20036 Investment banking firm
- ------------------------------------------------------------------------------- (4) Steven D. Hovde is affiliated with the following Reporting Persons: President, Treasurer and Managing Member of Hovde Capital, Ltd. Chairman and Chief Executive Officer of Hovde Capital, Inc. (5) Eric D. Hovde is affiliated with the following Reporting Persons: Chairman, Chief Executive Officer and Managing Member of Hovde Capital, Ltd. President of Hovde Capital, Inc. Page 11 of 16 12 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 $500,309.93 $250,154.97/ Working Capital/ Institution $250,154.96 Margin Account(6) Partners III, L.P. Hovde Capital, Ltd. $500,309.93 $250,154.97/ Working Capital/ $250,154.96 Margin Account of Affiliate(6) Financial $0.00 $0.00 Working Capital/ Institution $0.00 Margin Account Partners, L.P. Hovde Capital, Inc. $0.00 $0.00 Working Capital/ $0.00 Margin Account of Affiliate
- ------------------------------------------------------------------------------- (6) $250,154.96 was financed through a margin account with Banc of America Securities LLC at Federal Funds rate +5/8. Page 12 of 16 13 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 35,375 5.3% Partners III, L.P. Hovde Capital, Ltd. 35,375 5.3% Financial Institution 0 0.0% Partners, L.P. Hovde Capital, Inc. 0 0.0% Eric D. Hovde 35,375 5.3% Steven D. Hovde 35.375 5.3% - ------------------------------------------------------------------------------- Aggregate Shares Held by 35,375 5.3% Reporting Persons
Page 13 of 16 14 SCHEDULE 4 Description of Transactions in Shares Effected Within 60 Days. The Reporting Persons have effected the following transactions in the Shares within sixty (60) days of December 21, 2001:
- ------------------------------------------------------------------------------- Transaction Number of Transaction Transaction Broker Date Shares Price Type - ------------------------------------------------------------------------------- Financial 12/19/01 24,700 $13.8500 Buy (7) Institution Partners III, L.P. Financial 12/19/01 24,700 $13.8500 Sell (7) Institution Partners, L.P. - ------------------------------------------------------------------------------- (7) The subject transaction consisted of a private sale of the Issuer's securities by Financial Institution Partners, L.P., the term of which is expiring and is winding down, to Financial Institution Partners III, L.P.
Page 14 of 16 15
EXHIBIT INDEX Page Exhibit A - Consent Agreement pursuant to 17 C.F.R. 13d-1(f)(1) 16 Exhibit B - Addendum to Banc of America Securities LLC Customer Agreement (8) (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit C - Customer Agreement between Banc of America Securities LLC and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit D - Prime Broker Agreement between Banc of America Securities LLC and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit E - Partnership Agreement between Banc of America Securities LLC and Financial Institution Partners III, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit F - Customer Agreement between Banc of America Securities LLC and Financial Institution Partners, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit G - Prime Broker Agreement between Banc of America Securities LLC and Financial Institution Partners, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001) Exhibit H - Partnership Agreement between Banc of America Securities LLC and Financial Institution Partners, L.P. (Incorporated by reference to Schedule 13D filed with the Commission on September 28, 2001)
- ------------------------------------------------------------------------------- (8) Portions of Exhibit B have been omitted pursuant to a request for confidential treatment of information in accordance with Rule 24b-2 of the Securities and Exchange Act of 1934. The confidential section is on file with the Commission. Page 15 of 16 16 EXHIBIT A Consent Agreement Pursuant to 17 C.F.R. 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 III, L.P., by its General Partner, HOVDE CAPITAL, LTD. By: /s/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Its: Managing Member HOVDE CAPITAL, LTD. By: /s/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Its: Managing Member FINANCIAL INSTITUTION PARTNERS, L.P., by its General Partner, HOVDE CAPITAL, INC. By: /s/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Its: President HOVDE CAPITAL, INC. By: /s/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Its: President ERIC D. HOVDE /s/ Eric D. Hovde ------------------------------------------------- STEVEN D. HOVDE /s/ Steven D. Hovde ------------------------------------------------- Dated: 12/21/01 Page 16 of 16 -----END PRIVACY-ENHANCED MESSAGE-----