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
CENTRAL FEDERAL CORP COM NEW 15346Q202 2,630 1,264,611 SH   SOLE   1,264,611 0 0
UNITED COMMUNITY FINANCIAL CORP COM 909839102 9,208 1,108,009 SH   SOLE   1,108,009 0 0
Huntington Bancshares Inc COM 446150104 11,752 869,196 SH   SOLE   869,196 0 0
Regions Financial Corp COM 7591EP100 10,050 686,470 SH   SOLE   686,470 0 0
Bank Mutual Corp COM 063750103 6,221 679,887 SH   SOLE   679,887 0 0
RIVERVIEW BANCORP INC COM 769397100 4,429 667,045 SH   SOLE   667,045 0 0
UNITED SECURITY BANCSHARES COM 911460103 5,376 581,132 SH   SOLE   581,132 0 0
CoBiz Financial Inc COM 190897108 9,554 549,068 SH   SOLE   549,068 0 0
KEYCORP COM 493267108 9,632 514,000 SH   SOLE   514,000 0 0
FARMERS NATIONAL BANC CORP COM 309627107 6,231 429,722 SH   SOLE   429,722 0 0
HERITAGE COMMERCE CORP COM 426927109 5,882 426,866 SH   SOLE   426,866 0 0
ATLANTIC CAPITAL BANCSHARES INC COM 048269203 6,914 363,917 SH   SOLE   363,917 0 0
CITIZENS FINANCIAL GROUP INC COM STK COM 174610105 12,979 363,755 SH   SOLE   363,755 0 0
FCB FINANCIAL HOLDINGS INC CL A 30255G103 13,178 275,968 SH   SOLE   275,968 0 0
ZIONS BANCORPORATION COM 989701107 11,893 270,852 SH   SOLE   270,852 0 0
ConnectOne Bancorp Inc COM 20786W107 6,017 266,835 SH   SOLE   266,835 0 0
MACATAWA BANK CORP COM 554225102 2,411 252,690 SH   SOLE   252,690 0 0
VERITEX HOLDINGS INC COM 923451108 6,621 251,475 SH   SOLE   251,475 0 0
CAPSTAR FINANCIAL HOLDINGS INC COM 14070T102 4,269 240,619 SH   SOLE   240,619 0 0
First Community Corp COM 319835104 5,002 238,208 SH   SOLE   238,208 0 0
SUNTRUST BANKS INC COM 867914103 12,997 229,135 SH   SOLE   229,135 0 0
COMERICA INC WARRANT EXP *W EXP 11/14/201 200340115 9,687 219,748 SH   SOLE   219,748 0 0
Banner Corp COM NEW 06652V208 12,321 218,023 SH   SOLE   218,023 0 0
SUNSHINE BANCORP INC COM 86777J108 4,108 192,781 SH   SOLE   192,781 0 0
QCR HOLDINGS INC COM 74727A104 9,098 191,930 SH   SOLE   191,930 0 0
NATIONAL COMMERCE CORP COM 63546L102 6,971 176,244 SH   SOLE   176,244 0 0
Old Line Bancshares Inc COM 67984M100 4,878 173,102 SH   SOLE   173,102 0 0
EAGLE BANCORP INC COM 268948106 10,134 160,095 SH   SOLE   160,095 0 0
OCEANFIRST FINANCIAL CORP COM 675234108 3,967 146,288 SH   SOLE   146,288 0 0
Pinnacle Financial Partners Inc COM 72346Q104 8,630 137,418 SH   SOLE   137,418 0 0
Stonegate Bank COM 861811107 4,044 87,577 SH   SOLE   87,577 0 0
XENITH BANKSHARES INC COM NEW 984102202 2,506 80,684 SH   SOLE   80,684 0 0
COMMERCE UNION BANCSHARES INC COM 200828101 1,900 79,576 SH   SOLE   79,576 0 0
COMERICA INC COM 200340107 4,831 65,955 SH   SOLE   65,955 0 0
Bank of Commerce Holdings COM 06424J103 553 50,000 SH   SOLE   50,000 0 0
DNB FINANCIAL CORP COM 233237106 1,532 44,657 SH   SOLE   44,657 0 0
Bankwell Financial Group Inc COM 06654A103 1,058 33,864 SH   SOLE   33,864 0 0
Peapack-Gladstone Financial Corp COM 704699107 1,003 32,038 SH   SOLE   32,038 0 0
1st Constitution Bancorp COM 31986N102 562 31,858 SH   SOLE   31,858 0 0
EVANS BANCORP INC COM NEW 29911Q208 1,154 28,887 SH   SOLE   28,887 0 0
FNB BANCORP COM 302515101 561 20,441 SH   SOLE   20,441 0 0
HOWARD BANCORP INC COM 442496105 385 20,000 SH   SOLE   20,000 0 0
SOUTHERN FIRST BANCSHARES INC COM 842873101 466 12,568 SH   SOLE   12,568 0 0
GUARANTY BANCSHARES INC COM 400764106 320 10,000 SH   SOLE   10,000 0 0
Orrstown Financial Services Inc COM 687380105 18 800 SH   SOLE   800 0 0