<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13D
UNDER THE EXCHANGE ACT OF 1934
(Amendment No. ____________________)
BANK PLUS CORPORATION
----------------------------------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
----------------------------------------------
(Title and Class of Securities)
064446107
---------------------
(CUSIP Number)
Richard J. Perry, Jr, Esquire
Perry & Associates, P.C.
1826 Jefferson Place, N.W.
Washington, D. C. 20036
(202) 775-8109
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 5, 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 [ ].
Check the following box if a fee is being paid with the statement [X]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Page 1 of 25 Pages Exhibit Index at page 23
<PAGE> 2
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446107 PAGE 2 OF 25 PAGES
--- ----
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S.
IDENTIFICATION OF ABOVE PERSON
Financial Institution Partners, L.P. / 52-1899611
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO
ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY --------------------------------------------------------
EACH SHARED VOTING POWER
REPORTING 7. 330,000 SHARES
PERSON WITH --------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------
9. SHARED DISPOSITIVE POWER
330,000 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
330,000 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN
SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
1.70%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
Page 2 of 25 Pages
<PAGE> 3
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446107 PAGE 3 OF 25 PAGES
--- ----
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S.
IDENTIFICATION OF ABOVE PERSON
Hovde Capital, Inc. / 52-1891904
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -------------------------------------------------------------------------------
3. SOURCE OF FUNDS
AF
- -------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO
ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY --------------------------------------------------------
EACH SHARED VOTING POWER
REPORTING 7. 330,000 SHARES
PERSON WITH --------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------
9. SHARED DISPOSITIVE POWER
330,000 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
330,000 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN
SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
1.70%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
Page 3 of 25 Pages
<PAGE> 4
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446107 PAGE 4 OF 25 PAGES
--- ----
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S.
IDENTIFICATION OF ABOVE PERSON
Financial Institution Partners II, L.P./ 36-4131559
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO
ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY --------------------------------------------------------
EACH SHARED VOTING POWER
REPORTING 7. 442,667 SHARES
PERSON WITH --------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------
9. SHARED DISPOSITIVE POWER
442,667 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
442,667 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN
SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
2.29%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
Page 4 of 25 Pages
<PAGE> 5
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446107 PAGE 5 OF 25 PAGES
--- ----
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S.
IDENTIFICATION OF ABOVE PERSON
Hovde Capital, L.L.C. / 91-1825712
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -------------------------------------------------------------------------------
3. SOURCE OF FUNDS
AF
- -------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO
ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY --------------------------------------------------------
EACH SHARED VOTING POWER
REPORTING 7. 442,667 SHARES
PERSON WITH --------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------
9. SHARED DISPOSITIVE POWER
442,667 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
442,667 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN
SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
2.29%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
Page 5 of 25 Pages
<PAGE> 6
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446107 PAGE 6 OF 25 PAGES
--- ----
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S.
IDENTIFICATION OF ABOVE PERSON
Hancock Park Acquisition, L.P. / 36-4081806
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO
ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY --------------------------------------------------------
EACH SHARED VOTING POWER
REPORTING 7. 434,860 SHARES
PERSON WITH --------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------
9. SHARED DISPOSITIVE POWER
434,860 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
434,860 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN
SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
2.25%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
Page 6 of 25 Pages
<PAGE> 7
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446107 PAGE 7 OF 25 PAGES
--- ----
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S.
IDENTIFICATION OF ABOVE PERSON
Hancock Park Acquisition, L.L.C. / 36-4068512
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -------------------------------------------------------------------------------
3. SOURCE OF FUNDS
AF
- -------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO
ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY --------------------------------------------------------
EACH SHARED VOTING POWER
REPORTING 7. 434,860 SHARES
PERSON WITH --------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------
9. SHARED DISPOSITIVE POWER
434,860 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
434,860 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN
SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
2.25%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
Page 7 of 25 Pages
<PAGE> 8
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446107 PAGE 8 OF 25 PAGES
--- ----
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S.
IDENTIFICATION OF ABOVE PERSON
Western Acquisition Partners, L.P. . / 36-4081807
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO
ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY --------------------------------------------------------
EACH SHARED VOTING POWER
REPORTING 7. 140,000 SHARES
PERSON WITH --------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------
9. SHARED DISPOSITIVE POWER
140,000 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
140,000 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN
SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
0.72%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
Page 8 of 25 Pages
<PAGE> 9
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446107 PAGE 9 OF 25 PAGES
--- ----
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S.
IDENTIFICATION OF ABOVE PERSON
Western Acquisition Partners, L.L.C. / 36-4068258
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -------------------------------------------------------------------------------
3. SOURCE OF FUNDS
AF
- -------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO
ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES 6.
OWNED BY --------------------------------------------------------
EACH SHARED VOTING POWER
REPORTING 7. 140,000 SHARES
PERSON WITH --------------------------------------------------------
SOLE DISPOSITIVE POWER
8.
--------------------------------------------------------
9. SHARED DISPOSITIVE POWER
140,000 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
140,000 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN
SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
0.72%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
Page 9 of 25 Pages
<PAGE> 10
ITEM 1. SECURITY AND BANK
The class of security to which this statement relates is the common
stock, par value $.01 per share (the "Shares"), of Bank Plus Corporation (the
"Company"). The address of the principal executive offices of the Company is
4565 Colorado Boulevard, Los Angeles, CA 90039.
ITEM 2. IDENTITY AND BACKGROUND
The persons filing this statement are Financial Institution Partners,
L.P., Financial Institution Partners II, L.P., Hancock Park Acquisitions, L.P.,
and Western Acquisition Partners, L.P. (the "Limited Partnerships"), Hovde
Capital, Inc., Hovde Capital, L.L.C., Hancock Park Acquisitions, L.L.C., and
Western Acquisitions, L.L.C. (the "General Partners"), who are collectively
referred to herein as the "Reporting Persons." The Limited Partnerships are
Delaware limited partnerships formed for the purpose of investing in, among
other things, the equity securities of various financial institutions. Hovde
Capital, Inc., a Delaware corporation, is the general partner of Financial
Institution Partners, L.P. Hovde Capital, L.L.C., a Delaware limited liability
company, is the general partner of Financial Institution Partners II, L.P.
Hancock Park Acquisitions, L.L.C., an Illinois limited liability company, is
the general partner of Hancock Park Acquisitions, L.P. Western Acquisitions,
L.L.C., an Illinois limited liability company, is the general partner of
Western Acquisition Partners, L.P.
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 Partnerships and the General Partners, 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 Partners
who are Reporting Persons. The General Partners control the Limited
Partnerships.
None of the Reporting Persons or executive officers, directors or
controlling persons of the General Partners have, 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.
The Reporting Persons do not believe that they constitute a "group"
within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934.
Nevertheless, the Reporting Persons are making this filing because of the
possibility that they may be deemed a group, although each of the Reporting
Persons disclaims any membership in, and the existence of, such a group.
Neither the making of this filing nor any statement contained herein shall be
deemed to be an admission by any of the Reporting Persons that a group exists.
Page 10 of 25 Pages
<PAGE> 11
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:
(a) Each of the Reporting Persons may independently acquire
additional Shares or dispose of some or all of its Shares.
(b) None.
(c) None.
(d) None.
(e) None.
(f) None.
(g) None.
(h) None.
(i) None.
(j) None.
ITEM 5. INTEREST IN SECURITIES OF THE COMPANY
(a), (b) Schedule 3 hereto, which is incorporated by reference
herein, sets forth, as of August 17, 1998, information relating to the
aggregate number of Shares of the Company and the percentage of the outstanding
Shares of the Company as of such date (based upon information provided by the
Company, there are 19,367,000 Shares outstanding as of that date) as to each of
the Reporting Persons.
(c) Schedule 4 hereto, which is incorporated by reference herein,
describes, as of August 17, 1998, transactions in the Shares effected during
the past sixty (60) days by the Reporting Persons.
Page 11 of 25 Pages
<PAGE> 12
(d) None.
(e) Not applicable.
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 COMPANY
None.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
Exhibit A - Consent Agreement pursuant to 17 C.F.R. Section 13d-1(f)(1)
Page 12 of 25 Pages
<PAGE> 13
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, L.P., by
its General Partner, HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: President
HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: President
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
HANCOCK PARK ACQUISITIONS, L.P., by its
General Partner, HANCOCK PARK
ACQUISITIONS, L.L.C..
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Member
Page 13 of 25 Pages
<PAGE> 14
HANCOCK PARK ACQUISITIONS, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Member
WESTERN ACQUISITION PARTNERS, L.P., by
its General Partner, WESTERN ACQUISITIONS,
L.L.C..
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
WESTERN ACQUISITIONS, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------
Eric D. Hovde
Its: Managing Member
Dated: 8/17/98
---------------
Page 14 of 25 Pages
<PAGE> 15
SCHEDULE 1
INFORMATION RELATING TO REPORTING PERSONS
<TABLE>
<CAPTION>
PRINCIPAL BUSINESS AND
ADDRESS OF PRINCIPAL BUSINESS
NAME OR PRINCIPAL OFFICE
---- -----------------------------------
<S> <C>
Financial Institution Partners, L.P. Limited partnership formed to make
investments primarily in equity
securities of financial institutions.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Delaware
Hovde Capital, Inc. Corporation formed to serve as the
general partner of Financial
Institution Partners, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Incorporated: State of Delaware
Financial Institution Partners II, L.P. Limited partnership formed to 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
Incorporated: State of Delaware
Hancock Park Acquisitions, L.P. Limited partnership formed to make
investments primarily in equity
securities of financial institutions.
1629 Colonial Parkway
Inverness, Illinois 60067
Incorporated: State of Delaware
</TABLE>
Page 15 of 25 Pages
<PAGE> 16
<TABLE>
<S> <C>
Hancock Park Acquisitions, L.L.C. Limited liability company formed to
serve as the general partner of
Hancock Park Acquisitions, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Incorporated: State of Illinois
Western Acquisition Partners, L.P. Limited partnership formed to make
investments primarily in equity
securities of financial institutions.
1629 Colonial Parkway
Inverness, Illinois 60067
Incorporated: State of Delaware
Western Acquisitions, L.L.C. Limited liability company formed to
serve as the general partner of
Western Acquisition Partners, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Incorporated: State of Illinois
</TABLE>
Page 16 of 25 Pages
<PAGE> 17
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 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 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
Braddock J. LaGrua 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
Gregory A. Mitchell Investment banker U.S.
1801 Oakland Blvd., Suite 250 Hovde Financial, Inc.
Walnut, CA 94596 1801 Oakland Blvd., Suite 250
Walnut, CA 94596
Investment banking firm
</TABLE>
Page 17 of 25 Pages
<PAGE> 18
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
- -----------------------------------------------------------------------------------------
<S> <C> <C> <C>
Financial $3,340,084.00 $1,670,042.00/ Working Capital/
Institution $1,670,042.00 Line of Credit*
Partners, L.P.
Hovde Capital, $3,340,084.00 $1,670,042.00/ Working Capital/
Inc. $1,670,042.00 Line of Credit of
Affiliate*
Financial $5,246,693.75 $2,623,346.88/ Working Capital/
Institution $2,623,346.87 Line of Credit**
Partners II, L.P.
Hovde Capital, $5,246,693.75 $2,623,346.88/ Working Capital/
L.L.C. $2,623,346.87 Line of Credit of
Affiliate**
Hancock Park $3,433,092.56 $2,437,495.72/ Working Capital/
Acquisitions, L.P. $ 995,596.84 Line of Credit***
Hancock Park $3,433,092.56 $2,437,495.72/ Working Capital/
Acquisitions, L.L.C. $ 995,596.84 Line of Credit of
Affiliate***
Western $1,551,875.00 $775,937.50/ Working Capital/
Acquisition $775,937.50 Line of Credit****
Partners, L.P.
Western $1,551,875.00 $775,937.50/ Working Capital/
Acquisitions, L.L.C. $775,937.50 Line of Credit of
Affiliate****
</TABLE>
- ----------------------------
*$1,670,042.00 was financed through a line of credit with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
Page 18 of 25 Pages
<PAGE> 19
**$2,623,346.87 was financed through a line of credit with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
***$995,596.84 was financed through a line of credit with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
****$775,937.50 was financed through a line of credit with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
Page 19 of 25 Pages
<PAGE> 20
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 330,000 1.70%
Partners, L.P.
Hovde Capital, Inc. 330,000 1.70%
Financial Institution 442,667 2.29%
Partners II, L.P.
Hovde Capital, L.L.C. 442,667 2.29%
Hancock Park 434,860 2.25%
Acquisitions, L.P.
Hancock Park 434,860 2.25%
Acquisitions, L.L.C.
Western Acquisition 140,000 0.72%
Partners, L.P.
Western Acquisitions, 140,000 0.72%
L.L.C.
</TABLE>
Page 20 of 25 Pages
<PAGE> 21
SCHEDULE 4
Description of Transactions in Shares Effected within 60 Days
The Reporting Persons effected the following transactions in the Shares within
sixty (60) days of August 17, 1998:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
Transaction Number of Transaction Transaction Broker
Date Shares Price Type
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Financial 8/11/98 130,000 $10.0625 Buy Friedman,
Institution Billings,
Partners, L.P. Ramsey &
Co.
-------------------------------------------------------------------------------------
8/10/98 50,000 $10.6875 Buy Friedman,
Billings,
Ramsey &
Co.
-------------------------------------------------------------------------------------
8/7/98 5,000 $10.625 Buy Keefe,
Bruyette,
Woods, Inc.
-------------------------------------------------------------------------------------
8/7/98 5,000 $10.625 Buy Herzog,
Heine,
Geduld
-------------------------------------------------------------------------------------
8/6/98 45,000 $9.9375 Buy Herzog,
Heine,
Geduld
-------------------------------------------------------------------------------------
8/5/98 95,000 $9.9375 Buy Friedman,
Billings,
Ramsey &
Co.
- ------------------------------------------------------------------------------------------------------
Financial 8/4/98 2,500 $10.25 Buy Herzog,
Institution Heine,
Partners II, Geduld
L.P. -------------------------------------------------------------------------------------
8/3/98 4,000 $10.6875 Buy Jeffries &
Co.
-------------------------------------------------------------------------------------
8/3/98 15,000 $10.6875 Buy Herzog,
Heine,
Geduld
-------------------------------------------------------------------------------------
7/24/98 50,000 $12.375 Buy Friedman,
Billings,
Ramsey &
Co.
- ------------------------------------------------------------------------------------------------------
</TABLE>
Page 21 of 25 Pages
<PAGE> 22
<TABLE>
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
7/23/98 5,000 $12.4375 Buy Friedman,
Billings,
Ramsey &
Co.
-------------------------------------------------------------------------------------
7/22/98 5,000 $12.4375 Buy Friedman,
Billings,
Ramsey &
Co.
-------------------------------------------------------------------------------------
7/15/98 25,000 $12.50 Buy Friedman,
Billings,
Ramsey &
Co.
-------------------------------------------------------------------------------------
6/30/98 2,000 $12.375 Buy Friedman,
Billings,
Ramsey &
Co.
- ------------------------------------------------------------------------------------------------------
Hancock Park 7/31/98 10,000 $11.875 Buy Friedman,
Acquisitions, Billings,
L.P. Ramsey &
Co.
-------------------------------------------------------------------------------------
7/31/98 20,000 $10.5 Buy Jeffries &
Co.
-------------------------------------------------------------------------------------
7/31/98 25,000 $11.625 Buy NationsBanc
Montgomery
Securities,
L.L.C.
-------------------------------------------------------------------------------------
7/31/98 27,500 $11.0568 Buy Herzog,
Heine,
Geduld
- ------------------------------------------------------------------------------------------------------
</TABLE>
Page 22 of 25 Pages
<PAGE> 23
EXHIBIT INDEX
<TABLE>
<CAPTION>
Page
<S> <C> <C>
Exhibit A Consent Agreement to 17 C.F.R. Section 13d-1(f)(1) 24
</TABLE>
Page 23 of 25 Pages
<PAGE> 24
EXHIBIT A
Consent Agreement Pursuant to 17 C.F.R. Section 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, L.P., by
its General Partner, HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
--------------------------------------
Eric D. Hovde
Its: President
HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
--------------------------------------
Eric D. Hovde
Its: President
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
HANCOCK PARK ACQUISITIONS, L.P., by its
General Partner, HANCOCK PARK
ACQUISITIONS, L.L.C.
By: /s/ Eric D. Hovde
--------------------------------------
Eric D. Hovde
Its: Member
Page 24 of 25 Pages
<PAGE> 25
HANCOCK PARK ACQUISITIONS, L.L.C.
By: /s/ Eric D. Hovde
-----------------------------------
Eric D. Hovde
Its: Member
WESTERN ACQUISITION PARTNERS, L.P.,
by its General Partner, WESTERN
ACQUISITIONS, L.L.C..
By: /s/ Eric D. Hovde
-----------------------------------
Eric D. Hovde
Its: Managing Member
WESTERN ACQUISITIONS, L.L.C.
By: /s/ Eric D. Hovde
-----------------------------------
Eric D. Hovde
Its: Managing Member
Page 25 of 25 Pages
