<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
UNDER THE EXCHANGE ACT OF 1934
(Amendment No. 3)
SUCCESS BANCSHARES, INC.
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(Name of Company)
COMMON STOCK, PAR VALUE $.001
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(Title and Class of Securities)
864578109
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(CUSIP Number)
Richard J. Perry, Jr., Esquire
Perry & Associates, P.C.
1826 Jefferson Place, N.W.
Washington, D. C. 20036
(202) 775-8109
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
July 17, 2000
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d- 1(g), check the
following box.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See 240.13d-7(b) 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 subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 16 Pages Exhibit Index at page 15
<PAGE> 2
<TABLE>
<CAPTION>
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CUSIP NUMBER 864578109 Page 2 of 16 Pages
--- ----
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<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF
ABOVE PERSON
Financial Institution Partners II, L.P. / 36-4131559
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
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3. SOURCE OF FUNDS
WC OO
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4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS
2(d) AND 2(e)
NO
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5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
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NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH -----------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
238,850 SHARES
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8. SOLE DISPOSITIVE POWER
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9. SHARED DISPOSITIVE POWER
238,850 SHARES
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10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
238,850 SHARES
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11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
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12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
9.2%
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13. TYPE OF REPORTING PERSON
PN
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</TABLE>
Page 2 of 16 Pages
<PAGE> 3
<TABLE>
<CAPTION>
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CUSIP NUMBER 864578109 Page 3 of 16 Pages
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<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF
ABOVE PERSON
Hovde Capital, L.L.C. / 91-1825712
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
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3. SOURCE OF FUNDS
AF
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4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS
2(d) AND 2(e)
NO
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5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Nevada
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NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH -----------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
238,850 SHARES
-----------------------------------------------------------
8. SOLE DISPOSITIVE POWER
-----------------------------------------------------------
9. SHARED DISPOSITIVE POWER
238,850 SHARES
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10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
238,850 SHARES
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11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
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12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
9.2%
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13. TYPE OF REPORTING PERSON
CO
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</TABLE>
Page 3 of 16 Pages
<PAGE> 4
<TABLE>
<CAPTION>
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CUSIP NUMBER 864578109 Page 4 of 16 Pages
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<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF
ABOVE PERSON
Eric D. Hovde / ###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
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3. SOURCE OF FUNDS
PF OO
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4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS
2(d) AND 2(e)
NO
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5. CITIZENSHIP OR PLACE OF ORIGIN
U.S.A.
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NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY 12,000 SHARES
EACH -----------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH(1)
238,850 SHARES
-----------------------------------------------------------
8. SOLE DISPOSITIVE POWER
12,000 SHARES
-----------------------------------------------------------
9. SHARED DISPOSITIVE POWER
238,850 SHARES
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10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,850 SHARES
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11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
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12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
9.6%
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13. TYPE OF REPORTING PERSON
IN
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(1) Of the 250,850 Shares beneficially owned by Eric D. Hovde, 238,850 of the
Shares beneficially owned are as managing member of Hovde Capital, L.L.C..
</TABLE>
Page 4 of 16 Pages
<PAGE> 5
<TABLE>
<CAPTION>
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CUSIP NUMBER 864578109 Page 5 of 16 Pages
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<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF
ABOVE PERSON
Steven D. Hovde / ###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
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3. SOURCE OF FUNDS
AF
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4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS
2(d) AND 2(e)
NO
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5. CITIZENSHIP OR PLACE OF ORIGIN
U.S.A.
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NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY 0 SHARES
EACH -----------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH(2)
238,850 SHARES
-----------------------------------------------------------
8. SOLE DISPOSITIVE POWER
0 SHARES
-----------------------------------------------------------
9. SHARED DISPOSITIVE POWER
238,850 SHARES
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10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
238,850 SHARES
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11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
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12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
9.2%
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13. TYPE OF REPORTING PERSON
IN
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(2) The 238,850 Shares beneficially owned by Steven D. Hovde are as managing
member of Hovde Capital, L.L.C.
</TABLE>
Page 5 of 16 Pages
<PAGE> 6
Item 1. Security and Issuer
The class of security to which this statement relates is the common stock,
par value $0.001 per share (the "Shares"), of Success Bancshares, Inc. (the
"Issuer"). The address of the principal executive offices of the Issuer is One
Marriott Drive, Lincolnshire, IL 60069.
Item 2. Identity and Background
The persons filing this statement are Financial Institution Partners II,
L.P. (the "Limited Partnership"), Hovde Capital, L.L.C., Eric D. Hovde, and
Steven D. Hovde, who are collectively referred to herein as the "Reporting
Persons." The Limited Partnership is a Delaware limited partnership formed for
the purpose of investing in, among other things, the equity securities of
various financial institutions and financial services companies. Hovde Capital,
L.L.C., a Nevada limited liability company, is the general partner (the "General
Partner") of the Limited Partnership. Both Eric D. Hovde and Steven D. Hovde are
managing members of Hovde Capital, L.L.C.
Eric D. Hovde and Steven D. Hovde each hold beneficial interests in the
Shares through ownership of an interest in, and positions as members and
officers of the General Partner. Eric D. Hovde also owns Shares of the Issuer
directly. Eric D. Hovde and Steven D. Hovde are also directors and executive
officers of Hovde Financial, Inc. ("Hovde Financial"). Hovde Financial does not
beneficially own any of the Shares.
Attached as Schedule 1 hereto and incorporated by reference herein is a
list containing the principal business and the address of its principal business
and office for the Limited Partnership and the General Partner as well as
information required by (a) through (f) of this Item as to each executive
officer, director and/or controlling person of the General Partner who are
Reporting Persons. The General Partner controls the Limited Partnership.
None of the Reporting Persons or executive officers, directors or
controlling persons of the General Partner has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding of any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Information regarding the source and amount of funds used by the Reporting
Persons in acquiring beneficial ownership of their Shares is set forth in
Schedule 2 attached hereto and incorporated herein by reference.
Item 4. Purpose of Transaction
The Reporting Persons have acquired the Shares for investment purposes and
as set forth below:
Each of the Reporting Persons may independently acquire additional Shares
or dispose of some or all of its Shares.
The Reporting Persons expect to evaluate on an ongoing basis their
investment in the Issuer, and may independently from time to time acquire
additional Shares, dispose of Shares or formulate other purposes, plans or
proposals regarding the Issuer or the Shares held by the Reporting Persons in
addition to those discussed above. Any such acquisitions or dispositions may be
made, subject to applicable law, in open market or privately negotiated
transactions or otherwise.
Except as described above, neither the Reporting Persons nor, to the
knowledge of the Reporting Persons, any of the persons named in Schedule I
hereto have any plans or proposals which related to or would result in any of
the actions or transactions specified in clauses (a) through (j) of Item 4 of
Schedule 13D.
Page 6 of 37 Pages
<PAGE> 7
Item 5. Interest in Securities of the Issuer
(a), (b) Schedule 3 hereto, which is incorporated by reference herein, sets
forth, as of July 19, 2000, information relating to the aggregate number of
Shares of the Issuer and the percentage of the outstanding Shares of the Issuer
as of such date (based upon information provided by the Issuer, there are
2,602,306 Shares outstanding as of that date) as to each of the Reporting
Persons. With respect to the Shares set forth on Schedule 3, by virtue of its
control over the Limited Partnership, all decisions regarding voting and
disposition of the Shares beneficially owned by the Limited Partnership are made
by the General Partner acting through its chief executive officer or president.
As such, the Limited Partnership and the General Partner share voting and
investment power with respect to the Shares. Therefore, as a result of their
ownership interest in, and positions as members and officers of the General
Partner, Eric D. Hovde and Steven D. Hovde may be deemed to have beneficial
ownership of the Shares. Neither the General Partner, its executive officers or
controlling persons beneficially owns any Shares personally or otherwise, except
for the Shares beneficially owned by Eric D. Hovde.
(c) Schedule 4 hereto, which is incorporated by reference herein,
describes, as of July 19, 2000, transactions in the Shares effected during the
past sixty (60) days by the Reporting Persons.
(d) None.
(e) None.
Each of the Reporting Persons disclaims beneficial ownership of Shares
beneficially owned by any of the other Reporting Persons.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None.
Item 7. Materials to be filed as Exhibits
Exhibit A - Consent Agreement pursuant to 17 C.F.R. 13d-1(f)(1)
Exhibit B - [OMITTED - - FILED PURSUANT TO REQUEST FOR CONFIDENTIAL
TREATMENT] (Incorporated by reference to the initial Schedule 13D
filed with the Securities and Exchange Commission (the
"Commission") on September 14, 1999)
Page 7 of 16
<PAGE> 8
Exhibit C - Customer Agreement between Banc of America Securities LLC and
Financial Institution Partners II, L.P. (Incorporated by
reference to the initial Schedule 13D filed with the Commission
on September 14, 1999)
Exhibit D - Prime Broker Agreement between Banc of America Securities LLC and
Financial Institution Partners II, L.P. (Incorporated by
reference to the initial Schedule 13D filed with the Commission
on September 14, 1999)
Exhibit E - Partnership Agreement between Banc of America Securities LLC and
Financial Institution Partners II, L.P. (Incorporated by
reference to the initial Schedule 13D filed with the Commission
on September 14, 1999)
Exhibit F - Customer Agreement between Banc of America Securities LLC
and Eric D. Hovde. (Incorporated by reference to the initial
Schedule 13D filed with the Commission on September 14,
1999)
Exhibit G - Prime Broker Agreement between Banc of America Securities
LLC and Eric D. Hovde. (Incorporated by reference to the
initial Schedule 13D filed with the Commission on September
14, 1999)
Page 8 of 16
<PAGE> 9
Signatures
After reasonable inquiry and to the best of his/its knowledge and belief,
each of the undersigned Reporting Persons certifies that the information set
forth in this statement with respect to him/it is true, complete and correct.
FINANCIAL INSTITUTION PARTNERS II, L.P., by its
General Partner, HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
----------------------------------------------
Eric D. Hovde
Its: Managing Member
HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
----------------------------------------------
Eric D. Hovde
Its: Managing Member
ERIC D. HOVDE
/s/ Eric D. Hovde
----------------------------------------------
STEVEN D. HOVDE
/s/ Steven D. Hovde
----------------------------------------------
Dated: 7/19/00
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Page 9 of 16
<PAGE> 10
Schedule 1
INFORMATION RELATING TO REPORTING PERSONS
<TABLE>
<CAPTION>
Principal Business and
Address of Principal Business
Name or Principal Office
---- ------------------------------
<S> <C>
Financial Institution Limited partnership formed to
Partners II, L.P. make investments primarily in equity
securities of financial institutions and
financial services companies.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Delaware
Hovde Capital, L.L.C. Limited liability company formed to
serve as the general partner of
Financial Institution Partners II, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Nevada
Eric D. Hovde Investment banker
Hovde Financial, Inc.
1826 Jefferson Place, N.W.
Washington, D.C. 20036
Steven D. Hovde Investment banker
Hovde Financial, Inc.
1629 Colonial Parkway
Inverness, Illinois 60067
</TABLE>
Page 10 of 16
<PAGE> 11
INFORMATION RELATING TO EXECUTIVE OFFICERS, DIRECTORS AND/OR CONTROLLING PERSONS
<TABLE>
<CAPTION>
NAME PRINCIPAL OCCUPATION
ADDRESS BUSINESS ADDRESS CITIZENSHIP
------- -------------------- -----------
<S> <C> <C>
Steven D. Hovde(3) Investment banker U.S.
1629 Colonial Parkway Hovde Financial, Inc.
Inverness, Illinois 60067 1629 Colonial Parkway
Inverness, Illinois 60067
Investment banking firm
Eric D. Hovde (4) Investment banker U.S.
1826 Jefferson Place, N.W. Hovde Financial, Inc.
Washington, D.C. 20036 1826 Jefferson Place, N.W.
Washington, D.C. 20036
Investment banking firm
</TABLE>
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(3) Steven D. Hovde is affiliated with the following Reporting Persons:
President, Treasurer of Hovde Capital, L.L.C.
(4) Eric D. Hovde is affiliated with the following Reporting Persons: Chairman
and CEO of Hovde Capital, L.L.C.
Page 11 of 16
<PAGE> 12
SCHEDULE 2
The following table sets forth the amount and source of funds used by each
Reporting Person in acquiring the Shares beneficially owned by it.
<TABLE>
<CAPTION>
Amount
Originally
Total Financed/ Source of
Name Consideration Current Balance Funds
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<S> <C> <C> <C>
Financial $2,724,878.65 $1,362,439.33/ Working Capital/
Institution $1,362,439.33 Margin Account(5)
Partners II, L.P.
Hovde Capital, $2,724,878.65 $1,362,439.33/ Working Capital/
L.L.C. $1,362,439.33 Margin Account of
Affiliate(5)
Eric D. Hovde $133,411.10 $66,705.55/ Working Capital/
$66,705.55 Margin Account(6)
</TABLE>
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(5) $1,362,439.33 was financed through a margin account with Banc of America
Securities LLC at Federal Funds rate +5/8.
(6) $66,705.55 was financed through a margin account with Banc of America
Securities LLC at Federal Funds rate +5/8.
Page 12 of 16
<PAGE> 13
SCHEDULE 3
The following table sets forth the number and approximate percentage of
Shares beneficially owned by each of the Reporting Persons. Each of the
Reporting Persons has shared power to vote or to direct the vote and to dispose
or to direct the disposition of the Shares of which each of them, respectively,
possesses beneficial ownership.
<TABLE>
<CAPTION>
Approximate
Name Number of Shares Percentage
---- ---------------- -----------
<S> <C> <C>
Financial Institution 238,850 9.2%
Partners II, L.P.
Hovde Capital, L.L.C. 238,850 9.2%
Eric D. Hovde 250,850 9.6%
Steven D. Hovde 238,850 9.2%
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Aggregate Shares Held by 250,850 9.6%
Reporting Persons
</TABLE>
Page 13 of 16
<PAGE> 14
SCHEDULE 4
Description of Transactions in Shares Effected Within 60 Days.
The Reporting Persons had effected the following transactions in the Shares
within sixty (60) days of July 19, 2000:
<TABLE>
<CAPTION>
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Transaction Number of Transaction Transaction Broker
Date Shares Price Type
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<S> <C> <C> <C> <C> <C>
Financial 7/18/00 5,000 $11.0625 Buy Tucker
Institution Anthony
Partners II,
L.P. 7/17/00 17,400 $10.964 Buy Tucker
Anthony
7/14/00 10,000 $11.00 Buy Tucker
Anthony
7/13/00 9,000 $10.875 Buy Tucker
Anthony
7/10/00 4,000 $10.8125 Buy Tucker
Anthony
7/7/00 4,000 $10.8125 Buy Tucker
Anthony
7/6/00 3,000 $10.8125 Buy Tucker
Anthony
6/21/00 6,000 $11.5625 Buy Tucker
Anthony
6/19/00 2,000 $11.5625 Buy Tucker
Anthony
</TABLE>
Page 14 of 16
<PAGE> 15
EXHIBIT INDEX
<TABLE>
<CAPTION>
Page
<S> <C> <C>
Exhibit A - Consent Agreement to 17 C.F.R. 13d-1(f)(1) 16
Exhibit B - [OMITTED - - FILED PURSUANT TO REQUEST
FOR CONFIDENTIAL TREATMENT] (Incorporated
by reference to the initial Schedule 13D
filed with the Commission on September
14, 1999)(7)
Exhibit C - Customer Agreement between Banc of
America Securities LLC and Financial
Institution Partners II, L.P.
(Incorporated by reference to the
initial Schedule 13D filed with the
Commission on September 14, 1999)
Exhibit D - Prime Broker Agreement between Banc of
America Securities LLC and Financial
Institution Partners II, L.P.
(Incorporated by reference to the
initial Schedule 13D filed with the
Commission on September 14, 1999)
Exhibit E - Partnership Agreement between Banc of
America Securities LLC and Financial
Institution Partners II, L.P.
(Incorporated by reference to the
initial Schedule 13D filed with the
Commission on September 14, 1999)
Exhibit F - Customer Agreement between Banc of
America Securities LLC and Eric D. Hovde
(Incorporated by reference to the
initial Schedule 13D filed with the
Commission on September 14, 1999)
Exhibit G - Prime Broker Agreement between Banc of
America Securities LLC and Steven D.
Hovde (Incorporated by reference to the
initial Schedule 13D filed with the
Commission on September 14, 1999)
</TABLE>
------------------------------------------
(7) Portions of Exhibit 5 have been omitted pursuant to a request for
confidential treatment of information in accordance with Rule 24b-2 of the
Securities and Exchange Act of 1934.
Page 15 of 16
<PAGE> 16
EXHIBIT A
Consent Agreement Pursuant to 17 C.F.R. 13d-1(f)(1)
Each of the undersigned hereby consents and agrees to the filing on behalf
of each of them of the foregoing joint statement on Schedule 13D pursuant to 17
C.F.R. 13d-1(f)(1) with respect to his/its beneficial ownership of the shares of
the Issuer.
FINANCIAL INSTITUTION PARTNERS II, L.P., by its General
Partner, HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Managing Member
HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Managing Member
ERIC D. HOVDE
/s/ Eric D. Hovde
-------------------------------------------------
STEVEN D. HOVDE
/s/ Steven D. Hovde
-------------------------------------------------
Dated: 7/19/00
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Page 16 of 16
