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SECURlTIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No. 1 )*
Yonkers Financial Corporation
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Common Stock
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0-27716
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(CUSIP Number)
Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ 07054,
(973) 560-1400, Ext.108
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 20, 1999
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-l(b)(3) or (4), check the following box .
Check the following box if a fee is being paid with the statement . (A fee is
not required only if the reporting person: (I) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item l; and (2) has hled no amendment subsequent thereto
reporting beneficial ownership of hve percent or less of such class.) (See Rule
13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-l(a) 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 subjcct to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
CUSIP NO.0-27716
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Seidman Investment Partnership, L.P. 22-3603662
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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7 SOLE VOTING POWER
NUMBER OF 37,900
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SHARES
BENFICIALLY 8 SHARED VOTING POWER
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OWNED BY
9 SOLE DISPOSITIVE POWER
37,900
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 37,900
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.39%
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14 TYPE OF REPORTING PERSON* PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
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The statement on Schedule 13D which was filed May 3, 1999, on behalf of Seidman
and Associates, L.L.C. ("SAL"), Seidman and Associates II, L.L.C. ("SALII"),
Seidman Investment Partnership, LP ("SIP"), Seidman Investment Partnership II,
LP ("SIPII") Federal Holdings L.L.C. ("Federal"), Kerrimatt, LP ("Kerrimatt"),
and Lawrence B. Seidman ("Seidman") (collectively, the "Reporting Persons") with
respect to the Reporting Persons' beneficial ownership of shares of Common Stock
(the "Shares"), of Yonkers Financial Corporation, a Delaware Corporation (the
"Issuer"), is hereby amended as set forth below: Such Statement on Schedule 13D
is hereinafter referred to as the "Schedule 13D". Terms used herein which are
defined in the Schedule 13D shall have their respective meanings set forth in
the Schedule 13D.
2. Identity and Background
(e) This Item is amended to state that SAL, SALII, FEDERAL, SIP and SEIDMAN,
some of the Reporting Persons, were defendants in a litigation with respect to
the proxy contest involving IBS Financial Corporation ("IBSF"). Specifically, a
civil action was filed by IBSF, during a proxy contest with certain members of
the Reporting Persons listed above, in the U.S. District Court. The claim was
made that these members of the Reporting Persons did not make all of the
disclosures required by the Securities Exchange Act of 1934. The District Court
entered a Judgment dismissing the claims made by IBSF. The Third Circuit Court
of Appeals reversed in part, and remanded the matter, determining that two (2)
additional disclosures should have been made. Pending the remand, an Amended
Schedule 13D was filed making additional disclosures with regard to Seidcal
Associates and Kevin Moore. Thereafter, the District Court entered a Judgment
After Remand which directed the inclusion of these disclosures in the Schedule
13D.
The above disclosures are made, without prejudice, and without admitting that
the disclosures are required by the respective rules and regulations.
5. Interest in Securities of the Issuer
(a)(b)(c) As of the close of business on July 20, 1999, the Reporting Persons
owned beneficially an aggregate of 144,100 shares of Common Stock, which
constituted approximately 5.28% of the 2,726,239 shares of Common Stock
outstanding as of March 31, 1999, as disclosed in the Issuer's Press Release
dated April 21, 1999.
The schedule below describes transactions in the Common Stock effected by the
Reporting Persons from May 20, 1999 until July 20, 1999. Except as set forth in
this Item 5, none of the Reporting Persons owns beneficially or has a right to
acquire beneficial ownership of any Common Stock, and except as set forth in
this Item 5, none of the Reporting Persons has effected transactions that have
not been previously reported in the Common Stock during the past sixty (60)
days.
No of Total
Trade Date Shares Price Cost/(Proceeds) Entity
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5/25/99 2,000 16.1875 33,625.00 SIPII
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TOTAL 2,000 33,625.00
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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.
/s/Lawrence B. Seidman
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July 20, 1999 Lawrence B. Seidman, Power of
Date Attorney Pursuant to Joint
Filing Statement Dated
February 26, 1999,
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