0001171520-13-000723.txt : 20131115 0001171520-13-000723.hdr.sgml : 20131115 20131115115018 ACCESSION NUMBER: 0001171520-13-000723 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20131115 DATE AS OF CHANGE: 20131115 GROUP MEMBERS: FJ CAPITAL MANAGEMENT, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HomeTown Bankshares Corp CENTRAL INDEX KEY: 0001461640 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 264549960 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-87518 FILM NUMBER: 131223019 BUSINESS ADDRESS: BUSINESS PHONE: 540-983-9325 MAIL ADDRESS: STREET 1: 10 FRANKLIN ROAD, S.E. STREET 2: SUITE 800 CITY: ROANOKE STATE: VA ZIP: 24011 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FJ Capital Long/Short Equity Fund CENTRAL INDEX KEY: 0001449499 IRS NUMBER: 261595395 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2107 WILSON BLVD., SUITE 400 CITY: ARLINGTON STATE: VA ZIP: 22201 BUSINESS PHONE: 703-875-8378 MAIL ADDRESS: STREET 1: 2107 WILSON BLVD., SUITE 400 CITY: ARLINGTON STATE: VA ZIP: 22201 SC 13G 1 eps5387.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. _)*

 

Hometown Bankshares Corporation (HMTA)
 (Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
43787N108
(CUSIP Number)
 
06/27/2013
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  ☐ Rule 13d-1(b)
     
  S Rule 13d-1(c)
     
  ☐ Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 

 

 
 
 

 

CUSIP No .  43787N108   Page 2 of 12

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)

 

FJ Capital Long Short Equity Fund LLC

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [x]

(b) [_]

 

3

 

SEC USE ONLY

 

  

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware
NUMBER OF
SHARES		 5 SOLE VOTING POWER  
BENEFICIALLY
OWNED BY		 6 SHARED VOTING POWER 16,000 (1)
EACH
REPORTING		 7 SOLE DISPOSITIVE POWER  
PERSON
WITH		 8 SHARED DISPOSITIVE POWER

 

16,000 (1)

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 16,000 (1)

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 [  ]

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 0.49%

 

12

 

TYPE OF REPORTING PERSON

 

 OO
         

 

 

(1) Consists of 16,000 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock.

 
 


CUSIP No .  43787N108   Page 3 of 12

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)

 

Bridge Equities III LLC

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [x]

(b) [_]

 

3

 

SEC USE ONLY

 

  

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware
NUMBER OF
SHARES		 5 SOLE VOTING POWER  
BENEFICIALLY
OWNED BY		 6 SHARED VOTING POWER 342,400 (1)
EACH
REPORTING		 7 SOLE DISPOSITIVE POWER  
PERSON
WITH		 8 SHARED DISPOSITIVE POWER

 

342,400 (1)

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 342,400 (1)

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 [  ]

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 9.48%

 

12

 

TYPE OF REPORTING PERSON

 

 OO
         

 

 

(1) Consists of 342,400 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock

 
 

 

CUSIP No .  43787N108   Page 4 of 12

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)

 

FJ Capital Management LLC

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [x]

(b) [_]

 

3

 

SEC USE ONLY

 

  

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware
NUMBER OF
SHARES		 5 SOLE VOTING POWER  
BENEFICIALLY
OWNED BY		 6 SHARED VOTING POWER 358,400 (1)
EACH
REPORTING		 7 SOLE DISPOSITIVE POWER  
PERSON
WITH		 8 SHARED DISPOSITIVE POWER

 

16,000 (2)

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 358,400

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 [  ]

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 9.88%

 

12

 

TYPE OF REPORTING PERSON

 

 OO
         

 

(1) Comprised of (i) 16,000 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock held by FJ Capital Long/Short Equity Fund LLC, of which FJ Capital Management LLC is the managing member and (ii) 342,400 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock held by Bridge Equities III LLC, of which FJ Capital Management LLC is the sub-investment advisor.

 

(2) Comprised of 16,000 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock held by FJ Capital Long/Short Equity Fund LLC, of which FJ Capital Management LLC is the managing member.

 
 

 

CUSIP No .  43787N108   Page 5 of 12

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)

 

Martin S. Friedman

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [x]

(b) [_]

 

3

 

SEC USE ONLY

 

  

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 United States
NUMBER OF
SHARES		 5 SOLE VOTING POWER  
BENEFICIALLY
OWNED BY		 6 SHARED VOTING POWER 358,400 (1)
EACH
REPORTING		 7 SOLE DISPOSITIVE POWER  
PERSON
WITH		 8 SHARED DISPOSITIVE POWER

 

16,000 (2)

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 358,400

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 [  ]

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 9.88%

 

12

 

TYPE OF REPORTING PERSON

 

 IN
         

 

(1) Comprised of (i) 16,000 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock held by FJ Capital Long/Short Equity Fund LLC, of which FJ Capital Management LLC is the managing member and (ii) 342,400 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock held by Bridge Equities III LLC, of which FJ Capital Management LLC is the [sub-]investment advisor. Mr. Friedman is the managing member of FJ Capital Management LLC.

(2) Comprised of 16,000 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock held by FJ Capital Long/Short Equity Fund LLC, of which FJ Capital Management LLC is the managing member. Mr. Friedman is the managing member of FJ Capital Management LLC.

 
 


CUSIP No .  43787N108   Page 6 of 12

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)

 

SunBridge Manager LLC

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [x]

(b) [_]

 

3

 

SEC USE ONLY

 

  

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware
NUMBER OF
SHARES		 5 SOLE VOTING POWER  
BENEFICIALLY
OWNED BY		 6 SHARED VOTING POWER 342,400 (1)
EACH
REPORTING		 7 SOLE DISPOSITIVE POWER  
PERSON
WITH		 8 SHARED DISPOSITIVE POWER

 

342,400 (1)

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 342,400 (1)

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 [  ]

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 9.48%

 

12

 

TYPE OF REPORTING PERSON

 

 OO
         

 

 

(1) Consists of 342,400 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock held by Bridge Equities III LLC, of which SunBridge Manager, LLC is the Managing Member.

 

 
 

 

CUSIP No .  43787N108   Page 7 of 12

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)

 

SunBridge Holdings LLC

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [x]

(b) [_]

 

3

 

SEC USE ONLY

 

  

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware
NUMBER OF
SHARES		 5 SOLE VOTING POWER  
BENEFICIALLY
OWNED BY		 6 SHARED VOTING POWER 342,400 (1)
EACH
REPORTING		 7 SOLE DISPOSITIVE POWER  
PERSON
WITH		 8 SHARED DISPOSITIVE POWER

 

342,400 (1)

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 342,400 (1)

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 [  ]

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 9.48%

 

12

 

TYPE OF REPORTING PERSON

 

 OO
         

 

 

(1) Consists of 342,400 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock held by Bridge Equities III LLC, of which SunBridge Manager, LLC is the Managing Member. SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC.

 
 

 

CUSIP No .  43787N108   Page 8 of 12

 

 

1

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)

 

Realty Investment Company Inc

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [x]

(b) [_]

 

3

 

SEC USE ONLY

 

  

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Maryland
NUMBER OF
SHARES		 5 SOLE VOTING POWER  
BENEFICIALLY
OWNED BY		 6 SHARED VOTING POWER 342,400 (1)
EACH
REPORTING		 7 SOLE DISPOSITIVE POWER  
PERSON
WITH		 8 SHARED DISPOSITIVE POWER

 

342,400 (1)

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 342,400 (1)

 

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 [  ]

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 9.48%

 

12

 

TYPE OF REPORTING PERSON

 

 CO
         

 

 

(1) Consists of 342,400 shares of common stock underlying 6.0% Series C noncumulative perpetual convertible preferred stock held by Bridge Equities III LLC, of which SunBridge Manager, LLC is the Managing Member. SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC. Realty Investment Company, Inc. is the Manager of SunBridge Holdings, LLC.

 
 

 

CUSIP No .  43787N108   Page 9 of 12

 

Item 1(a).   Name of Issuer:
     
    Hometown Bankshares Corporation
     
Item 1(b).   Address of Issuer’s Principal Executive Offices:
     
    202 South Jefferson Street
    Roanoke, VA 24011
     
Item 2(a).   Name of Person Filing:
     
   

This Schedule 13G is being filed on behalf of the following Reporting Persons:

 

FJ Capital Long Short Equity Fund LLC

Bridge Equities III LLC

FJ Capital Management LLC

   

Martin S. Friedman

SunBridge Manager LLC

SunBridge Holdings LLC

Realty Investment Company Inc

 

Item 2(b).   Address of Principal Business Office or, if None, Residence:
   

 

FJ Capital Long Short Equity Fund LLC

1313 Dolley Madison Blvd., Ste 306

   

McLean, VA 22101

 

Bridge Equities III LLC

8171 Maple Lawn Blvd, Suite 375

Fulton, MD 20759

 

FJ Capital Management, LLC

1313 Dolley Madison Blvd., Ste 306

   

McLean, VA 22101

 

Martin S. Friedman

1313 Dolley Madison Blvd., Ste 306

McLean, VA 22101

 

SunBridge Manager LLC

8171 Maple Lawn Blvd, Suite 375

Fulton, MD 20759

 

SunBridge Holdings LLC

8171 Maple Lawn Blvd, Suite 375

Fulton, MD 20759

 

Realty Investment Company Inc

8171 Maple Lawn Blvd, Suite 375

Fulton, MD 20759

 

 

 
 

     
Item 2(c).   Citizenship:
     
    FJ Capital Long Short Equity Fund LLC, Bridge Equities III LLC, FJ Capital Management LLC, SunBridge Manager LLC, SunBridge Holdings LLC – Delaware limited liability companies
    Martin S. Friedman – United States citizen
    Realty Investment Company Inc – Maryland corporation
     
Item 2(d).   Title of Class of Securities:
     
    Common Stock
     
Item 2(e).   CUSIP Number:
    43787N108
     
     
Item 3. If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

 

  (a) ☐ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
       
  (b) ☐ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
       
  (c) ☐ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
       
  (d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
       
  (e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

  (f) ☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
       
  (g) ☐ A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
       
  (h) ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
       
  (i) ☐ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
       
  (j) ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Item 4. Ownership.
   
  Ownership information is provided as of:

 

  (a) Amount beneficially owned:
     
   

FJ Capital Long Short Equity Fund LLC - 16,000 shares

Bridge Equities III LLC - 342,400 shares

FJ Capital Management LLC - 358,400 shares

Martin S. Friedman - 358,400 shares

SunBridge Manager LLC - 342,400 shares

SunBridge Holdings LLC - 342,400 shares

Realty Investment Company Inc - 342,400 shares

 

 
 

 

     
  (b) Percent of class:
     
   

FJ Capital Long Short Equity Fund LLC - 0.49%

Bridge Equities III LLC - 9.48%

FJ Capital Management LLC - 9.88%

Martin S. Friedman - 9.88%

SunBridge Manager LLC - 9.48%

SunBridge Holdings LLC - 9.48%

Realty Investment Company Inc - 9.48%

     
  (c) Number of shares as to which such person has:
     
    (i) Sole power to vote or to direct the vote
       
      All Reporting Persons – 0
       
    (ii) Shared power to vote or to direct the vote
       
     

FJ Capital Long Short Equity Fund LLC - 16,000

Bridge Equities III LLC - 342,400

FJ Capital Management LLC - 358,400

Martin S. Friedman - 358,400

SunBridge Manager LLC - 342,400

SunBridge Holdings LLC - 342,400

Realty Investment Company Inc - 342,400

       
    (iii) Sole power to dispose or to direct the disposition of
       
      All Reporting Persons – 0
       
    (iv) Shared power to dispose or to direct the disposition of
       
     

FJ Capital Long Short Equity Fund LLC - 16,000

Bridge Equities III LLC - 342,400

FJ Capital Management LLC - 16,000

Martin S. Friedman - 16,000

SunBridge Manager LLC - 342,400

SunBridge Holdings LLC - 342,400

Realty Investment Company Inc - 342,400

 

 
 

 

CUSIP No .  43787N108   Page 12 of 12

 

Item 5. Ownership of Five Percent or Less of a Class.
   
  N/A
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
   
  N/A
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
   
  N/A
   
Item 8. Identification and Classification of Members of the Group.
   
  Due to the relationships among them, the reporting persons hereunder may be deemed to constitute a “group” with one another for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934.  
   
Item 9. Notice of Dissolution of Group.
   
  N/A
   
Item 10. Certification.

 

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

 

SIGNATURE

 

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

  FJ Capital Long/Short Equity Fund LLC
Date: 10/25/2013 By: By: FJ Capital Management LLC, its Managing Member
     
     
  By: /s/ Martin S. Friedman
    Name: Martin S. Friedman
    Title:  Managing Member
     
      
  FJ Capital Management LLC
     
     
  By: /s/ Martin S. Friedman
    Name: Martin S. Friedman
    Title:  Co-Founder and Managing Member
              FJ Capital Management LLC
     
     
  /s/ Martin S. Friedman
  MARTIN S. FRIEDMAN
 
 

 

    Bridge Equities III, LLC
    By: SunBridge Manager, LLC, its Managing Member
       
       
    By: /s/ Christine A. Shreve
      Name:  Christine A. Shreve
      Title: Manager
       
       
    SunBridge Manager, LLC
       
       
    By: /s/ Christine A. Shreve
      Name:  Christine A. Shreve
      Title: Manager
       
    SunBridge Holdings, LLC
    By: Realty Investment Company, Inc., its Manager
       
       
    By: /s/ Christine A. Shreve
      Name:  Christine A. Shreve
      Title:  President
       
       
    realty investment company, inc.
       
       
    By: /s/ Christine A. Shreve
      Name:  Christine A. Shreve
      Title: President

 

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C, 1001)

 
 

 

Exhibit 1

Joint Filing Agreement

The undersigned agree that this Schedule 13G, and all amendments thereto, relating to the Common Stock of Hometown Bankshares Corporation shall be filed on behalf of the undersigned.

FJ Capital Long/Short Equity Fund LLC   Bridge Equities III, LLC
By: FJ Capital Management, LLC   By: SunBridge Manager, LLC, its Managing Member
         
         
By: /s/ Martin S. Friedman   By: /s/ Christine A. Shreve
  Name: Martin S. Friedman     Name:  Christine A. Shreve
  Title:  Managing Member     Title: Manager
         
          
FJ Capital Management LLC   SunBridge Manager, LLC
         
         
By: /s/ Martin S. Friedman   By: /s/ Christine A. Shreve
  Name:       Name:  Christine A. Shreve
  Title:     Title: Manager
         
      SunBridge Holdings, LLC
      By: Realty Investment Company, Inc., its Manager
         
         
/s/ Martin S. Friedman   By: /s/ Christine A. Shreve
MARTIN S. FRIEDMAN     Name:  Christine A. Shreve
        Title:  President
         
         
      realty investment company, inc.
         
         
      By: /s/ Christine A. Shreve
        Name:  Christine A. Shreve
        Title: President