The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Regions Financial Corp COM 7591EP100 13,655 1,739,515 SH   SOLE   1,739,515 0 0
CENTRAL FEDERAL CORP COM 15346Q202 1,912 1,416,624 SH   SOLE   1,416,624 0 0
UNITED COMMUNITY FINANCIAL CORP COM 909839102 5,995 1,021,374 SH   SOLE   1,021,374 0 0
TRISTATE CAPITAL HOLDINGS INC COM 89678F100 8,100 642,849 SH   SOLE   642,849 0 0
RIVERVIEW BANCORP INC COM 769397100 2,495 593,950 SH   SOLE   593,950 0 0
ZIONS BANCORPORATION COM 989701107 13,749 567,909 SH   SOLE   567,909 0 0
BNC BANCORP COM 05566T101 11,928 564,763 SH   SOLE   564,763 0 0
CENTERSTATE BANKS INC COM 15201P109 8,058 541,176 SH   SOLE   541,176 0 0
FARMERS NATIONAL BANC CORP COM 309627107 4,752 533,308 SH   SOLE   533,308 0 0
HERITAGE COMMERCE CORP COM 426927109 4,806 480,166 SH   SOLE   480,166 0 0
GUARANTY BANCORP COM NEW 40075T607 6,789 439,125 SH   SOLE   439,125 0 0
FCB FINANCIAL HOLDINGS INC CL A 30255G103 14,574 438,179 SH   SOLE   438,179 0 0
MACATAWA BANK CORP COM 554225102 2,610 417,666 SH   SOLE   417,666 0 0
UNITED SECURITY BANCSHARES COM 911460103 2,067 417,603 SH   SOLE   417,603 0 0
OPUS BANK COM 684000102 13,587 399,614 SH   SOLE   399,614 0 0
CARDINAL FINANCIAL CORP COM 14149F109 6,859 337,032 SH   SOLE   337,032 0 0
OCEANFIRST FINANCIAL CORP COM 675234108 5,914 334,522 SH   SOLE   334,522 0 0
SUNTRUST BANKS INC COM 867914103 12,057 334,165 SH   SOLE   334,165 0 0
United Community Banks Inc COM 90984P303 6,036 326,800 SH   SOLE   326,800 0 0
YADKIN FINANCIAL CORP COM 984305102 7,727 326,458 SH   SOLE   326,458 0 0
PREFERRED BANK COM NEW 740367404 9,464 312,855 SH   SOLE   312,855 0 0
SHORE BANCSHARES INC COM 825107105 3,544 295,830 SH   SOLE   295,830 0 0
PROSPERITY BANCSHARES INC COM 743606105 13,501 291,029 SH   SOLE   291,029 0 0
UNION BANKSHARES CORP COM 90539J109 7,124 289,247 SH   SOLE   289,247 0 0
EAGLE BANCORP INC COM 268948106 12,367 257,637 SH   SOLE   257,637 0 0
COMERICA INC WARRANT EXP *W EXP 11/14/201 200340115 3,325 249,276 SH   SOLE   249,276 0 0
CAROLINA BANK HOLDINGS INC COM 143785103 3,612 215,004 SH   SOLE   215,004 0 0
CENTRAL VALLEY COMMUNITY BANCORP COM 155685100 2,226 199,970 SH   SOLE   199,970 0 0
FIRST BUSINESS FINANCIAL SERVICES INC COM 319390100 4,564 199,039 SH   SOLE   199,039 0 0
VERITEX HOLDINGS INC COM 923451108 2,652 182,513 SH   SOLE   182,513 0 0
ENTERPRISE BANCORP INC COM 293668109 4,469 170,322 SH   SOLE   170,322 0 0
DNB FINANCIAL CORP COM 233237106 4,705 164,978 SH   SOLE   164,978 0 0
QCR HOLDINGS INC COM 74727A104 3,404 142,707 SH   SOLE   142,707 0 0
CoBiz Financial Inc COM 190897108 1,326 112,224 SH   SOLE   112,224 0 0
EVANS BANCORP INC COM NEW 29911Q208 2,576 105,587 SH   SOLE   105,587 0 0
FARMERS CAPITAL BANK CORP COM 309562106 2,634 99,693 SH   SOLE   99,693 0 0
PROVIDENT FINANCIAL HOLDINGS INC COM 743868101 1,549 90,829 SH   SOLE   90,829 0 0
Fulton Financial Corp COM 360271100 1,188 88,794 SH   SOLE   88,794 0 0
Pacific Premier Bancorp Inc COM 69478X105 1,438 67,296 SH   SOLE   67,296 0 0
COMERICA INC COM 200340107 2,297 60,655 SH   SOLE   60,655 0 0
NATIONAL COMMERCE CORP COM 63546L102 1,109 46,960 SH   SOLE   46,960 0 0
PrivateBancorp Inc COM 742962103 1,593 41,265 SH   SOLE   41,265 0 0
Access National Corp COM 004337101 757 38,170 SH   SOLE   38,170 0 0
SUFFOLK BANCORP COM 864739107 790 31,300 SH   SOLE   31,300 0 0
Bank of Marin Bancorp COM 63425102 98 2,000 SH   SOLE   2,000 0 0