0000899140-16-001756.txt : 20161213 0000899140-16-001756.hdr.sgml : 20161213 20161212191223 ACCESSION NUMBER: 0000899140-16-001756 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20161213 DATE AS OF CHANGE: 20161212 GROUP MEMBERS: BASSWOOD ENHANCED LONG SHORT FUND, LP GROUP MEMBERS: BASSWOOD ENHANCED LONG SHORT GP, LLC GROUP MEMBERS: BASSWOOD FINANCIAL FUND, INC. GROUP MEMBERS: BASSWOOD FINANCIAL FUND, LP GROUP MEMBERS: BASSWOOD FINANCIAL LONG ONLY FUND, LP GROUP MEMBERS: BASSWOOD OPPORTUNITY FUND, INC. GROUP MEMBERS: BASSWOOD OPPORTUNITY PARTNERS, LP GROUP MEMBERS: BASSWOOD PARTNERS, L.L.C. GROUP MEMBERS: BENNETT LINDENBAUM GROUP MEMBERS: MATTHEW LINDENBAUM SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEACOAST BANKING CORP OF FLORIDA CENTRAL INDEX KEY: 0000730708 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 592260678 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40843 FILM NUMBER: 162047388 BUSINESS ADDRESS: STREET 1: 815 COLORADO AVE STREET 2: P O BOX 9012 CITY: STUART STATE: FL ZIP: 34994 BUSINESS PHONE: 7722886085 MAIL ADDRESS: STREET 1: 815 COLORADO AVE STREET 2: P O BOX 9012 CITY: STUART STATE: FL ZIP: 34995 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BASSWOOD CAPITAL MANAGEMENT, L.L.C. CENTRAL INDEX KEY: 0001085393 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 645 MADISON AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-521-9500 MAIL ADDRESS: STREET 1: 645 MADISON AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: Basswood Capital Management LLC DATE OF NAME CHANGE: 20130814 FORMER COMPANY: FORMER CONFORMED NAME: BASSWOOD CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 19990428 SC 13D/A 1 b18890570.htm SCHEDULE 13D/A, #3
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 3)

Seacoast Banking Corporation of Florida

(Name of Issuer)


Common Stock, Par Value $0.10

(Title of Class of Securities)

811707801
(CUSIP Number)
 
Matthew Lindenbaum
Basswood Capital Management, L.L.C.
645 Madison Avenue, 10th Floor
New York, NY 10022
(212) 521-9500

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

(with copies to)
Michael A. Schwartz, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019
(212) 728-8000

December 12, 2016

(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 Rule 240.13d-7 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).
 
 
 
1

 
 
 
 
CUSIP No.  811707801
 
 
 
Page 2 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Capital Management, L.L.C.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(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
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
2,355,043 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
2,355,043 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,355,043 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.19%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
 
 
 
 
2

 

 
CUSIP No.  811707801
 
 
 
Page 3 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Partners, L.L.C.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(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
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
430,430 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
430,430 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
430,430 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.13%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
 
 
 
 
 
3


 

 
CUSIP No.  811707801
 
 
 
Page 4 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Enhanced Long Short GP, LLC
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a)
(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
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
1,236,601 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
1,236,601 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,236,601 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.25%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
 
 
 
 
4

 

 
 
CUSIP No.  811707801
 
 
 
Page 5 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Financial Fund, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
180,649 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
180,649 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
180,649 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.48%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
 
5


 
 
CUSIP No.  811707801
 
 
 
Page 6 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Financial Fund, Inc.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
47,394 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
47,394 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
47,394 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.12%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 
 
 
 
6

 

 

 
CUSIP No.  811707801
 
 
 
Page 7 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Financial Long Only Fund, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
38,576 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
38,576 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,576 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.10%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
7

 

 
 
CUSIP No.  811707801
 
 
 
Page 8 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Enhanced Long Short Fund, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
 
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
1,236,601 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
1,236,601 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,236,601 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.25%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
8

 

 
 
CUSIP No.  811707801
 
 
 
Page 9 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Opportunity Partners, LP
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
211,205 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
211,205 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
211,205 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.56%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
 
 
 
 
9

 

 
 
CUSIP No.  811707801
 
 
 
Page 10 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Basswood Opportunity Fund, Inc.
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(b)
 
3
 
 
SEC USE ONLY
 
 
4
 
 
SOURCE OF FUNDS
WC
 
 
5
 
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
6
 
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
162,564 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
162,564 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
162,564 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.43%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 
 
 
 
10

 

 
 
CUSIP No.  811707801
 
 
 
Page 13 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Matthew Lindenbaum
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)
(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
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
2,355,043 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
2,355,043 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,355,043 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.19%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
 
 
 
 

 
11


 
CUSIP No.  811707801
 
 
 
Page 14 of 18 Pages
 
 
1
 
 
NAME OF REPORTING PERSON
 
Bennett Lindenbaum
 
2
 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a)
(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
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
 
7
 
 
SOLE VOTING POWER
0
 
 
 
8
 
SHARED VOTING POWER
2,355,043 (see Item 5)
 
 
 
9
 
 
SOLE DISPOSITIVE POWER
0
 
 
 
10
 
 
SHARED DISPOSITIVE POWER
2,355,043 (see Item 5)
 
 
 
11
 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,355,043 (see Item 5)
 
12
 
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
13
 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.19%
 
14
 
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN

 
 
 
 
 
12

 
 
This Amendment No. 3 to Schedule 13D (this “Amendment No. 3”) is being filed with respect to the common stock, par value $0.10 per share (the “Common Stock”), of Seacoast Banking Corporation of Florida, a Florida corporation (the “Issuer”), to amend the Schedule 13D filed on March 21, 2016 (the “Original 13D”), as amended by Amendment No. 1 to Schedule 13D filed on March 25, 2016 (“Amendment No. 1”) and Amendment No. 2 to Schedule 13D filed on July 28, 2016 (“Amendment No. 2”) (the Original 13D, as amended by Amendment No. 1, Amendment No. 2 and this Amendment No. 3, the “Schedule 13D”).  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Schedule 13D.

Item 4.  Purpose of Transaction.

As agreed in the Amendment to the Observer Rights Agreement, the Observer Rights Agreement may be terminated following November 30, 2016, by either the Issuer or Matthew Lindenbaum.  The Observer Rights Agreement remains in effect, with Mr. Lindenbaum continuing as a board observer, and Mr. Lindenbaum has no current plan to terminate the Observer Rights Agreement.
Item 5.  Interest in Securities of the Issuer
Item 5(a) is hereby amended to reflect the following:
(a) The beneficial ownership percentages in this Schedule 13D are calculated based upon the 38,025,020 shares of Common Stock reported in the quarterly report of the Issuer filed on November 9, 2016.
5(c) is hereby supplemented by adding the following
(c) During the past sixty days, the Reporting Persons effected the transactions in the Common Stock that are listed on Annex I hereto, all of which were transactions in the open market, and per share prices include any commissions paid in connection with such transactions.

Item 7.  Material to be filed as Exhibits.

1. Exhibit 99.1 – Joint Filing Agreement, dated as of March 21, 2016, incorporated by reference to Exhibit 99.1 to Schedule 13D filed March 21, 2016.
 
 
 
 

13

 
 
SIGNATURES

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.

 

Dated: December 12, 2016
BASSWOOD CAPITAL MANAGEMENT, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: December 12, 2016
BASSWOOD PARTNERS, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: December 12, 2016
BASSWOOD ENHANCED LONG SHORT GP, LLC
   
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
   
Dated: December 12, 2016
BASSWOOD ENHANCED LONG SHORT FUND, LP
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: December 12, 2016
BASSWOOD FINANCIAL FUND, LP
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
 
 
 
14


 

Dated: December 12, 2016
BASSWOOD FINANCIAL LONG ONLY FUND, LP
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: December 12, 2016
BASSWOOD FINANCIAL FUND, INC.
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
   
Dated: December 12, 2016
BASSWOOD OPPORTUNITY PARTNERS, LP
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: December 12, 2016
BASSWOOD OPPORTUNITY FUND INC.
 
By: Basswood Capital Management, L.L.C.
   
   
 
By: /s/ Matthew Lindenbaum                                   
 
Name: Matthew Lindenbaum
 
Title: Managing Member
   
   
Dated: December 12, 2016
/s/ Matthew Lindenbaum                                          
 
Matthew  Lindenbaum
   
   
Dated: December 12, 2016
/s/ Bennett Lindenbaum                                            
 
Bennett Lindenbaum


 
 
 
15

 
Annex I

Fund
 
Trade Date
Shares
Purchased
(Sold)
Price
Basswood Capital Management - Managed Account
 
11/9/2016
 
13,001
 
17.76
 
Boulevard Direct Master, LTD
 
11/9/2016
 
(17,929)
 
17.71
 
Boulevard Direct Master, LTD
 
11/10/2016
 
(65,941)
 
17.74
 
Boulevard Direct Master, LTD
 
11/11/2016
 
(59,659)
 
17.72
 
Basswood Enhanced Long Short Fund, LP
 
11/22/2016
 
8,568
 
19.00
 
Basswood Enhanced Long Short Fund, LP
 
11/22/2016
 
8,568
 
19.00
 
Basswood Enhanced Long Short Fund, LP
 
11/22/2016
 
8,568
 
19.00
 
Basswood Capital Management - Managed Account
 
11/22/2016
 
24,296
 
19.00
 
Basswood Enhanced Long Short Fund, LP
 
11/23/2016
 
17,136
 
19.24
 
Basswood Enhanced Long Short Fund, LP
 
11/23/2016
 
17,136
 
19.24
 
Basswood Enhanced Long Short Fund, LP
 
11/23/2016
 
17,136
 
19.24
 
Basswood Capital Management - Managed Account
 
11/23/2016
 
48,592
 
19.24
 
Basswood Enhanced Long Short Fund, LP
 
11/25/2016
 
4,765
 
19.80
 
Basswood Enhanced Long Short Fund, LP
 
11/25/2016
 
4,765
 
19.80
 
Basswood Enhanced Long Short Fund, LP
 
11/25/2016
 
4,765
 
19.80
 
Basswood Capital Management - Managed Account
 
11/25/2016
 
13,517
 
19.80
 
Basswood Enhanced Long Short Fund, LP
 
11/28/2016
 
4,284
 
19.81
 
Basswood Enhanced Long Short Fund, LP
 
11/28/2016
 
4,284
 
19.81
 
Basswood Enhanced Long Short Fund, LP
 
11/28/2016
 
4,284
 
19.81
 
Basswood Capital Management - Managed Account
 
11/28/2016
 
12,148
 
19.81
 
 
 

 
16


Basswood Financial Fund, LP
 
11/29/2016
 
11,078
 
19.95
 
Basswood Financial Fund, LP
 
11/29/2016
 
1,648
 
19.95
 
Basswood Financial Fund, Inc
 
11/29/2016
 
2,196
 
19.95
 
Basswood Financial Fund, Inc
 
11/29/2016
 
864
 
19.95
 
Basswood Financial Long Only Fund, LP
 
11/29/2016
 
2,163
 
19.95
 
Basswood Financial Long Only Fund, LP
 
11/29/2016
 
225
 
19.95
 
Basswood Capital Management - Managed Account
 
11/29/2016
 
658
 
19.95
 
Basswood Capital Management - Managed Account
 
11/29/2016
 
6,168
 
19.95
 
Basswood Financial Fund, LP
 
11/30/2016
 
12,591
 
20.34
 
Basswood Financial Fund, LP
 
11/30/2016
 
14,002
 
20.48
 
Basswood Financial Fund, LP
 
11/30/2016
 
10,787
 
20.59
 
Basswood Financial Fund, LP
 
11/30/2016
 
1,887
 
20.34
 
Basswood Financial Fund, LP
 
11/30/2016
 
2,100
 
20.48
 
Basswood Financial Fund, LP
 
11/30/2016
 
1,616
 
20.59
 
Basswood Financial Fund, Inc
 
11/30/2016
 
2,525
 
20.34
 
Basswood Financial Fund, Inc
 
11/30/2016
 
2,806
 
20.48
 
Basswood Financial Fund, Inc
 
11/30/2016
 
2,161
 
20.59
 
Basswood Financial Fund, Inc
 
11/30/2016
 
924
 
20.34
 
Basswood Financial Fund, Inc
 
11/30/2016
 
1,028
 
20.48
 
Basswood Financial Fund, Inc
 
11/30/2016
 
793
 
20.59
 
Basswood Financial Long Only Fund, LP
 
11/30/2016
 
2,447
 
20.34
 
Basswood Financial Long Only Fund, LP
 
11/30/2016
 
2,719
 
20.48
 
Basswood Financial Long Only Fund, LP
 
11/30/2016
 
2,094
 
20.59
 
Basswood Financial Long Only Fund, LP
 
11/30/2016
 
265
 
20.34
 
 
 
 

 
17


Basswood Financial Long Only Fund, LP
 
11/30/2016
 
295
 
20.48
 
Basswood Financial Long Only Fund, LP
 
11/30/2016
 
229
 
20.59
 
Basswood Capital Management - Managed Account
 
11/30/2016
 
797
 
20.34
 
Basswood Capital Management - Managed Account
 
11/30/2016
 
887
 
20.48
 
Basswood Capital Management - Managed Account
 
11/30/2016
 
684
 
20.59
 
Basswood Capital Management - Managed Account
 
11/30/2016
 
7,564
 
20.34
 
Basswood Capital Management - Managed Account
 
11/30/2016
 
8,413
 
20.48
 
Basswood Capital Management - Managed Account
 
11/30/2016
 
6,479
 
20.59
 
 
 
18