UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
BANK PLUS CORPORATION
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
064446107
(CUSIP Number)
Phillip M. Goldberg
Foley & Lardner
One IBM Plaza
330 North Wabash Avenue
Suite 3300
Chicago, Illinois 60611
(312) 755-1900
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 9, 1998
(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-1(b)(3) or (4), check the following box [ ].
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<PAGE>
1 Name of Reporting Person
S.S. or I.R.S. Identification Number of Above Person (optional)
LaSalle Financial Partners, Limited Partnership
2 Check The Appropriate Box If a Member of a Group (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: WC, OO
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [X]
6 Citizenship or Place of Organization
Delaware
7 Sole Voting Power
0 shares
Number of
Shares 8 Shared Voting Power
Beneficially 968,800 shares
Owned By
Each Reporting 9 Sole Dispositive Power
Person With 0 shares
10 Shared Dispositive Power
968,800 shares
11 Aggregate Amount Beneficially Owned by Each Reporting Person
968,800 shares
12 Check Box If The Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
13 Percent of Class Represented By Amount in Row (11)
4.996%
14 Type of Reporting Person
PN
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<PAGE>
1 Name of Reporting Person
S.S. or I.R.S. Identification Number of Above Person (optional)
Richard J. Nelson
2 Check The Appropriate Box If a Member of a Group (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: Not Applicable
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [X]
6 Citizenship or Place of Organization
United States
7 Sole Voting Power
0 shares
Number of
Shares 8 Shared Voting Power
Beneficially 968,800 shares
Owned By
Each Reporting 9 Sole Dispositive Power
Person With 0 shares
10 Shared Dispositive Power
968,800 shares
11 Aggregate Amount Beneficially Owned by Each Reporting Person
968,800 shares
12 Check Box If The Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
13 Percent of Class Represented By Amount in Row (11)
4.996%
14 Type of Reporting Person
IN
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<PAGE>
1 Name of Reporting Person
S.S. or I.R.S. Identification Number of Above Person (optional)
Peter T. Kross
2 Check The Appropriate Box If a Member of a Group (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: Not Applicable
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [X]
6 Citizenship or Place of Organization
United States
7 Sole Voting Power
0 shares
Number of
Shares 8 Shared Voting Power
Beneficially 968,800 shares
Owned By
Each Reporting 9 Sole Dispositive Power
Person With 0 shares
10 Shared Dispositive Power
968,800 shares
11 Aggregate Amount Beneficially Owned by Each Reporting Person
968,800 shares
12 Check Box If The Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
13 Percent of Class Represented By Amount in Row (11)
4.996%
14 Type of Reporting Person
IN
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<PAGE>
1 Name of Reporting Person
S.S. or I.R.S. Identification Number of Above Person (optional)
Florence Nelson
2 Check The Appropriate Box If a Member of a Group (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: Not Applicable
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6 Citizenship or Place of Organization
United States
7 Sole Voting Power
0 shares
Number of
Shares 8 Shared Voting Power
Beneficially 0 shares
Owned By
Each Reporting 9 Sole Dispositive Power
Person With 0 shares
10 Shared Dispositive Power
0 shares
11 Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
12 Check Box If The Aggregate Amount in Row (11) Excludes
Certain Shares [X]
13 Percent of Class Represented By Amount in Row (11)
0%
14 Type of Reporting Person
IN
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<PAGE>
This is Amendment No. 2 to the Schedule 13D filed jointly by LaSalle
Financial Partners, Limited Partnership (the "Partnership"), Richard J. Nelson,
Peter T. Kross and Florence Nelson (the "Group") on July 30, 1998 (the "Original
13D") and relates to the common stock, $.01 par value (the "Common Stock"), of
Bank Plus Corporation (the "Issuer"). The following items in the Original 13D
are amended as follows:
Item 5. Interest in Securities of the Issuer
(a) By virtue of their separate ownership and control over the General
Partners, Mr. Nelson and Mr. Kross are each deemed to own beneficially all of
the 968,800 shares of the Common Stock that the Partnership owns, constituting
approximately 4.996% of the issued and outstanding shares of the Common Stock,
based on the number of outstanding shares (19,390,180) reported on the Issuer's
Quarterly Report on Form 10-Q for the period ended June 30, 1998. Florence
Nelson expressly disclaims beneficial ownership of such shares. None of Mr.
Nelson, Mrs. Nelson, Mr. Kross or the General Partners beneficially owns any
shares of the Common Stock personally or otherwise, except for the shares owned
by the Partnership itself.
(b) With respect to the shares described in (a) above, all decisions
regarding voting and disposition of the Partnership's 968,800 shares are made
jointly by the chief executive officers of the General Partners (i.e., Messrs.
Nelson and Kross). As such, they share voting and investment power with respect
to those shares.
(c) The following sales of the Common Stock are the only transactions
in the Common Stock made by the Partnership during the past sixty days, all of
which were made in open market sales on the Nasdaq National Market System:
DATE NUMBER OF SHARES PRICE PER SHARE
- ------------------ ---------------------------------- --------------------------
9/1/98 4,000 $8
- ------------------ ---------------------------------- --------------------------
9/1/98 2,000 $8 1/4
- ------------------ ---------------------------------- --------------------------
9/1/98 2,500 $8 5/16
- ------------------ ---------------------------------- --------------------------
9/2/98 11,000 $8.432
- ------------------ ---------------------------------- --------------------------
9/23/98 11,500 $4 15/16
- ------------------ ---------------------------------- --------------------------
9/23/98 21,100 $5 15/16
- ------------------ ---------------------------------- --------------------------
9/24/98 33,600 $4.820
- ------------------ ---------------------------------- --------------------------
9/25/98 36,000 $4.406
- ------------------ ---------------------------------- --------------------------
9/28/98 25,000 $4.425
- ------------------ ---------------------------------- --------------------------
9/29/98 22,800 $4.402
- ------------------ ---------------------------------- --------------------------
9/30/98 14,000 $4.768
- ------------------ ---------------------------------- --------------------------
10/6/98 2,000 $4 13/16
- ------------------ ---------------------------------- --------------------------
10/6/98 2,000 $4 13/16
- ------------------ ---------------------------------- --------------------------
10/6/98 3,000 $4 13/16
- ------------------ ---------------------------------- --------------------------
10/6/98 1,000 $4 7/8
- ------------------ ---------------------------------- --------------------------
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- ------------------ ---------------------------------- --------------------------
10/6/98 1,000 $4 7/8
- ------------------ ---------------------------------- --------------------------
10/9/98 7,300 $3.80
- ------------------ ---------------------------------- --------------------------
10/12/98 500 $3
- ------------------ ---------------------------------- --------------------------
10/12/98 2,400 $3
- ------------------ ---------------------------------- --------------------------
10/12/98 8,000 $3
- ------------------ ---------------------------------- --------------------------
10/12/98 3,600 $3 1/32
- ------------------ ---------------------------------- --------------------------
10/12/98 6,000 $3 1/32
- ------------------ ---------------------------------- --------------------------
10/12/98 1,000 $3 1/4
- ------------------ ---------------------------------- --------------------------
10/12/98 2,000 $3 5/16
- ------------------ ---------------------------------- --------------------------
10/13/98 10,000 $2.663
- ------------------ ---------------------------------- --------------------------
10/14/98 190,000 $21/4
- ------------------ ---------------------------------- --------------------------
10/14/98 10,000 $3.065
- ------------------ ---------------------------------- --------------------------
10/15/98 10,000 $3 1/8
- ------------------ ---------------------------------- --------------------------
(d) Not applicable.
.(e) On October 15, 1998, the Group and all members of the Group ceased
to be the beneficial owner of more than five percent of the Common Stock.
SIGNATURES
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.
Date: October 16, 1998
LaSALLE FINANCIAL PARTNERS, LIMITED PARTNERSHIP
By: LaSALLE CAPITAL MANAGEMENT, INC.
a General Partner
By: /s/ Richard J. Nelson
Richard J. Nelson, President
/s/ Richard J. Nelson
Richard J. Nelson
/s/ Peter T. Kross
Peter T. Kross
/s/ Florence Nelson
Florence Nelson
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