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 FED CORP COM NEW 15346Q202 3,060 1,264,611 SH   SOLE   1,264,611 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 10,637 1,108,009 SH   SOLE   1,108,009 0 0
Huntington Bancshares Inc COM 446150104 12,134 869,196 SH   SOLE   869,196 0 0
KEYCORP NEW COM 493267108 12,681 673,776 SH   SOLE   673,776 0 0
RIVERVIEW BANCORP INC COM 769397100 5,603 667,045 SH   SOLE   667,045 0 0
REGIONS FINL CORP NEW COM 7591EP100 9,617 631,470 SH   SOLE   631,470 0 0
CoBiz Financial Inc COM 190897108 12,137 617,958 SH   SOLE   617,958 0 0
UNITED SECURITY BANCSHARES C COM 911460103 5,616 591,132 SH   SOLE   591,132 0 0
MACATAWA BK CORP COM 554225102 5,443 530,454 SH   SOLE   530,454 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 8,680 478,254 SH   SOLE   478,254 0 0
HERITAGE COMMERCE CORP COM 426927109 6,074 426,866 SH   SOLE   426,866 0 0
FARMERS NATL BANC CORP COM 309627107 6,004 398,961 SH   SOLE   398,961 0 0
CITIZENS FINL GROUP INC COM 174610105 11,125 293,755 SH   SOLE   293,755 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 5,561 283,995 SH   SOLE   283,995 0 0
FCB FINL HLDGS INC CL A 30255G103 13,329 275,968 SH   SOLE   275,968 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 6,564 266,835 SH   SOLE   266,835 0 0
ZIONS BANCORPORATION COM 989701107 12,213 258,852 SH   SOLE   258,852 0 0
VERITEX HLDGS INC COM 923451108 6,780 251,475 SH   SOLE   251,475 0 0
FIRST CMNTY CORP S C COM 319835104 4,871 238,208 SH   SOLE   238,208 0 0
COMERICA INC *W EXP 11/14/201 200340115 10,330 219,748 SH   SOLE   219,748 0 0
Banner Corp COM NEW 06652V208 13,360 218,023 SH   SOLE   218,023 0 0
SUNTRUST BKS INC COM 867914103 12,321 206,135 SH   SOLE   206,135 0 0
QCR HOLDINGS INC COM 74727A104 8,733 191,930 SH   SOLE   191,930 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 12,213 182,418 SH   SOLE   182,418 0 0
NATIONAL COMM CORP COM 63546L102 7,543 176,244 SH   SOLE   176,244 0 0
ORRSTOWN FINL SVCS INC COM 687380105 4,317 173,370 SH   SOLE   173,370 0 0
Old Line Bancshares Inc COM 67984M100 4,847 173,102 SH   SOLE   173,102 0 0
EAGLE BANCORP INC MD COM 268948106 10,734 160,095 SH   SOLE   160,095 0 0
OCEANFIRST FINL CORP COM 675234108 4,022 146,288 SH   SOLE   146,288 0 0
COMERICA INC COM 200340107 4,267 55,955 SH   SOLE   55,955 0 0
BANK COMM HLDGS COM 06424J103 575 50,000 SH   SOLE   50,000 0 0
XENITH BANKSHARES INC NEW COM 233237106 1,500 42,616 SH   SOLE   42,616 0 0
BANKWELL FINL GROUP INC COM 06654A103 1,251 33,864 SH   SOLE   33,864 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 1,081 32,038 SH   SOLE   32,038 0 0
1st Constitution Bancorp COM 31986N102 578 31,858 SH   SOLE   31,858 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 1,134 31,189 SH   SOLE   31,189 0 0
HOWARD BANCORP INC COM 442496105 418 20,000 SH   SOLE   20,000 0 0
GUARANTY BANCSHARES INC TEX COM 400764106 320 10,000 SH   SOLE   10,000 0 0