<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
UNDER THE EXCHANGE ACT OF 1934
(Amendment No. 8)
BANK PLUS CORPORATION
- -------------------------------------------------------------------------------
(Name of Company)
COMMON STOCK, PAR VALUE $.01
- -------------------------------------------------------------------------------
(Title and Class of Securities)
064446017
-------------------------------------------------------------------------------
(CUSIP Number)
Richard J. Perry, Jr., Esquire
Perry & Bagheri, 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)
March 18, 1999
-------------------------------------------------------------------------------
(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 [ ]. (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 26 Pages Exhibit Index at page 23
<PAGE> 2
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446017 Page 2 of 26 Pages
--- ----
- -------------------------------------------------------------------------------
<S> <C>
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 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
881,146 SHARES
----------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
881,146 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
881,146 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
4.5%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
</TABLE>
Page 2 of 26 Pages
<PAGE> 3
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446017 Page 3 of 26 Pages
--- ----
- -------------------------------------------------------------------------------
<S> <C>
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
Incorporated: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
881,146 SHARES
----------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
881,146 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
881,146 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
4.5%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
</TABLE>
Page 3 of 26 Pages
<PAGE> 4
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446017 Page 4 of 26 Pages
--- ----
- -------------------------------------------------------------------------------
<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
- -------------------------------------------------------------------------------
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 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
432,800 SHARES
----------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
432,800 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
432,800 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
2.2%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
</TABLE>
Page 4 of 26 Pages
<PAGE> 5
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446017 Page 5 of 26 Pages
--- ----
- -------------------------------------------------------------------------------
<S> <C>
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 Nevada
- -------------------------------------------------------------------------------
NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
432,800 SHARES
----------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
432,800 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
432,800 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
2.2%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
</TABLE>
Page 5 of 26 Pages
<PAGE> 6
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446017 Page 6 of 26 Pages
--- ----
- -------------------------------------------------------------------------------
<S> <C>
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 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
651,260 SHARES
----------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
651,260 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
651,260 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
3.4%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
</TABLE>
Page 6 of 26 Pages
<PAGE> 7
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446017 Page 7 of 26 Pages
--- ----
- -------------------------------------------------------------------------------
<S> <C>
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 Illinois
- -------------------------------------------------------------------------------
NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
651,260 SHARES
----------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
651,260 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
651,260 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
3.4%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
</TABLE>
Page 7 of 26 Pages
<PAGE> 8
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446017 Page 8 of 26 Pages
--- ----
- -------------------------------------------------------------------------------
<S> <C>
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 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
140,000 SHARES
----------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
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)
0.7%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
</TABLE>
Page 8 of 26 Pages
<PAGE> 9
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446017 Page 9 of 26 Pages
--- ----
- -------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE
PERSON
Western Acquisitions, 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 Illinois
- -------------------------------------------------------------------------------
NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
140,000 SHARES
----------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
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)
0.7%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
</TABLE>
Page 9 of 26 Pages
<PAGE> 10
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 064446017 Page 10 of 26 Pages
--- ----
- -------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE
PERSON
Pacific Financial Investors, Ltd. / 91-1885722
- -------------------------------------------------------------------------------
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 Nevada
- -------------------------------------------------------------------------------
NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SHARED VOTING POWER
PERSON WITH
608,967 SHARES
----------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
608,967 SHARES
- -------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
608,967 SHARES
- -------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
3.1%
- -------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
</TABLE>
Page 10 of 26 Pages
<PAGE> 11
Item 1. Security and Company
The class of security to which this statement relates is the common stock,
par value $0.01 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 Acquisition, L.P., Western
Acquisition Partners, L.P. (the "Limited Partnerships"), Hovde Capital, Inc.,
Hovde Capital, L.L.C., Hancock Park Acquisition, L.L.C., Western Acquisitions,
L.L.C. (the "General Partners"), and Pacific Financial Investors, Ltd., 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 Nevada
limited liability company, is the general partner of Financial Institution
Partners II, L.P. Hancock Park Acquisition, L.L.C., an Illinois limited
liability company, is the general partner of Hancock Park Acquisition, L.P.
Western Acquisitions, L.L.C., an Illinois limited liability company, is the
general partner of Western Acquisition Partners, L.P. Pacific Financial
Investors, Ltd. is a Nevada limited liability company formed for the purpose of
investing in the equity securities of various financial institutions and to
engage in all other lawful purposes.
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, as
amended. 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 11 of 26
<PAGE> 12
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
On March 18, 1999, Pacific Financial Investors, Ltd. ("PFI") notified the
Company that it withdrew its proposed amendments to the Company's By-Laws which
PFI previously submitted for consideration at the Company's 1999 Annual Meeting
of Stockholders.
Item 5. Interest in Securities of the Company
(a), (b) Schedule 3 hereto, which is incorporated by reference herein,
sets forth, as of March 22, 1999, 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 19,419,778 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 Partnerships and the General Partners share voting and
investment power with respect to those Shares. None of the General Partners,
their executive officers, directors or controlling persons beneficially owns any
Shares personally or otherwise, except for the Shares beneficially owned by the
Partnerships.
(c) Schedule 4 hereto, which is incorporated by reference herein,
describes, as of March 22, 1999, 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 Company
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 Amendment No. 3, filed
with the Securities and Exchange Commission (the "Commission") on
December 4, 1998)
Page 12 of 26 Pages
<PAGE> 13
Exhibit C - Customer Agreement between NationsBanc Montgomery Securities and
Financial Institution Partners II, L.P. (Incorporated by
reference to Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit D - Prime Broker Agreement between NationsBanc Montgomery Securities
and Financial Institution Partners II, L.P. (Incorporated by
reference to Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit E - Partnership Agreement between NationsBanc Montgomery Securities
and Financial Institution Partners II, L.P. (Incorporated by
reference to Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit F - Customer Agreement between NationsBanc Montgomery Securities and
Financial Institution Partners, L.P. (Incorporated by reference
to Amendment No. 3, filed with the Commission on December 4,
1998)
Exhibit G - Prime Broker Agreement between NationsBanc Montgomery Securities
and Financial Institution Partners, L.P. (Incorporated by
reference to Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit H - Partnership Agreement between NationsBanc Montgomery Securities
and Financial Institution Partners, L.P. (Incorporated by
reference to Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit I - Customer Agreement between NationsBanc Montgomery Securities and
Hancock Park Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit J - Prime Broker Agreement between NationsBanc Montgomery Securities
and Hancock Park Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit K - Partnership Agreement between NationsBanc Montgomery Securities
and Hancock Park Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit L - Customer Agreement between NationsBanc Montgomery Securities and
Western Acquisition Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on December 4, 1998)
Exhibit M - Prime Broker Agreement between NationsBanc Montgomery Securities
and Western Acquisition Partners, L.P. (Incorporated by reference
to Amendment No. 3, filed with the Commission on December 4,
1998)
Exhibit N - Partnership Agreement between NationsBanc Montgomery Securities
and Western Acquisition Partners, L.P. (Incorporated by reference
to Amendment No. 3, filed with the Commission on December 4,
1998)
Exhibit O - Customer Agreement between NationsBanc Montgomery Securities and
Pacific Financial Investors, Ltd. (Incorporated by reference to
Amendment No. 5, filed with the Commission on January 25, 1999)
Page 13 of 26 Pages
<PAGE> 14
Exhibit P - Prime Broker Agreement between NationsBanc Montgomery Securities
and Pacific Financial Investors, Ltd. (Incorporated by reference
to Amendment No. 5, filed with the Commission on January 25,
1999)
Exhibit Q - Limited Liability Company Agreement between NationsBanc
Montgomery Securities and Pacific Financial Investors, Ltd.
(Incorporated by reference to Amendment No. 5, filed with the
Commission on January 25, 1999)
Page 14 of 26 Pages
<PAGE> 15
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 ACQUISITION, L.P., by its General Partner,
HANCOCK PARK ACQUISITION, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Member
Page 15 of 26 Pages
<PAGE> 16
HANCOCK PARK ACQUISITION, 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
PACIFIC FINANCIAL INVESTORS, LTD.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Managing Member
Dated: 3/22/99
----------
Page 16 of 26
<PAGE> 17
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 make
Partners, L.P. 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 Limited partnership formed to make
Partners II, L.P. 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
Hancock Park Acquisition, 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
Page 17 of 26 Pages
<PAGE> 18
Hancock Park Acquisition, L.L.C. Limited liability company formed to
serve as the general partner of Hancock
Park Acquisition, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: 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
Organized: State of Delaware
Western Acquisitions, L.L.C. Limited liability company formed to
serve as the general partner of Western
Acquisition Partneres, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Illinois
Pacific Financial Investors, Ltd. Limited liability company formed to make
investments primarily in equity
securities of financial institutions and
to engage in all other lawful purposes.
1824 Jefferson Place, N.W.
Washington, D.C.
Organized: State of Nevada
</TABLE>
Page 18 of 26 Pages
<PAGE> 19
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(1) 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 (2) 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(3) 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(4) Investment Banker U.S.
1801 Oakland Blvd., Suite 259 Hovde Financial, Inc.
Walnut, CA 94596 1801 Oakland Blvd.
Suite 250
Walnut, CA 94596
</TABLE>
- -------------------------------------------------------------------------------
(1) Steven D. Hovde is affiliated with the following Reporting Persons:
Chairman, CEO of Hovde Capital, Inc.; President, Treasurer of Hovde Capital,
L.L.C., Executive VP, Treasurer of Hancock Park Acquisition, L.L.C.; Executive
VP, Treasurer of Western Acquisitions, L.L.C.
(2) Eric D. Hovde is affiliated with the following Reporting Persons: President
of Hovde Capital, Inc.; Chairman and CEO of Hovde Capital, L.L.C.; President and
Assistant Treasurer of Hancock Park Acquisition, L.L.C.; President and Assistant
Treasurer of Western Acquisitions, L.L.C.
(3) Braddock J. LaGrua is affiliated with the following Reporting Persons:
Executive VP, Treasurer of Hovde Capital, Inc.
(4) Gregory A. Mitchell is affiliated with the following Reporting Persons: VP
of Hovde Capital, L.L.C.; Senior VP of Hancock Park Acquisition, L.L.C.
Page 19 of 26 Pages
<PAGE> 20
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 $4,380,490.59 $2,643,626.07/ Working Capital/
Institution $1,736,864.52 Margin Account(5)
Partners, L.P.
Hovde Capital, $4,380,490.59 $2,643,626.07/ Working Capital/
Inc. $1,736,864.52 Margin Account of
Affiliate(5)
Financial $2,317,340.75 $1,302,808.97/ Working Capital/
Institution $1,014,531.78 Margin Account(6)
Partners II, L.P.
Hovde Capital, $2,317,340.75 $1,302,808.97/ Working Capital/
L.L.C. $1,014,531.78 Margin Account of
Affiliate(6)
Hancock Park $3,514,566.31 $1,953,747.41/ Working Capital/
Acquisition, L.P. $1,560,818.90 Margin Account(7)
Hancock Park $3,514,566.31 $1,953,747.41/ Working Capital/
Acquisition, L.L.C. $1,560,818.90 Margin Account of
Affiliate(7)
Western Acquisition $1,551,875.00 $543,156.25/ Working Capital/
Partners, L.P. $1,008,718.75 Margin Account(8)
Western $1,551,875.00 $543,156.25/ Working Capital/
Acquisitions, L.L.C. $1,008,718.75 Margin Account of
Affiliate(8)
Pacific Financial $2,537,956.65 $1,826,567.40/ Working Capital/
Investors, Ltd. $711,389.25 Margin Account(9)
</TABLE>
- -----------------------------------------------------
(5) $1,736,864.52 was financed through a margin account with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
(6) $1,014,531.78 was financed through a margin account with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
(7) $1,560,818.90 was financed through a margin account with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
(8) $1,008,718.75 was financed through a margin account with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
(9) $711,389.25 was financed through a margin account with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
Page 20 of 26 Pages
<PAGE> 21
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 881,146 4.5%
Partners, L.P.
Hovde Capital, Inc. 881,146 4.5%
Financial Institution 432,800 2.2%%
Partners II, L.P.
Hovde Capital, L.L.C. 432,800 2.2%%
Hancock Park 651,260 3.4%
Acquisition, L.P.
Hancock Park 651,260 3.4%
Acquisition, L.L.C.
Western Acquisition 140,000 0.7%
Partners, L.P.
Western Acquisitions, 140,000 0.7%
L.L.C.
Pacific Financial 608,967 3.1%
Investors, Ltd.
- -------------------------------------------------------------------------------
Aggregate Shares Held by 2,714,173 13.98%
Reporting Persons
</TABLE>
Page 21 of 26 Pages
<PAGE> 22
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 March 22, 1999:
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Transaction Number of Transaction Transaction Broker
Date Shares Price Type
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Pacific 3/10/99 100 $4.688 Buy Montgomery
Financial Securities
Investors,
Ltd. 1/20/99 8,000 $4.3125 Buy Jefferies
& Co.
1/19/99 19,000 $4.3125 Buy Jeffries
& Co.
Page 22 of 26 Pages
<PAGE> 23
EXHIBIT INDEX
</TABLE>
<TABLE>
<CAPTION>
Page
<S> <C> <C>
Exhibit A- Consent Agreement to 17 C.F.R. 13d-1(f)(1) 25
Exhibit B - [OMITTED - - FILED PURSUANT TO REQUEST
FOR CONFIDENTIAL TREATMENT] (Incorporated by
reference to Amendment No. 3, filed with the
Commission on December 4, 1998) (10)
Exhibit C - Customer Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners II, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit D - Prime Broker Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners II, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit E - Partnership Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners II, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit F - Customer Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit G - Prime Broker Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit H - Partnership Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit I - Customer Agreement between NationsBanc
Montgomery Securities and Hancock Park
Acquisition L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Page 23 of 26 Pages
<PAGE> 24
Exhibit J - Prime Broker Agreement between NationsBanc
Montgomery Securities and Hancock Park
Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit K - Partnership Agreement between NationsBanc
Montgomery Securities and Hancock Park
Acquisition, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit L - Customer Agreement between NationsBanc
Montgomery Securities and Western Acquisition
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit M - Prime Broker Agreement between NationsBanc
Montgomery Securities and Western Acquisition
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit N - Partnership Agreement between NationsBanc
Montgomery Securities and Western Acquisition
Partners, L.P. (Incorporated by reference to
Amendment No. 3, filed with the Commission on
December 4, 1998)
Exhibit O - Customer Agreement between NationsBanc
Montgomery Securities and Pacific Financial
Investors, Ltd. (Incorporated by reference to
Amendment No. 5, filed with the Commission on
January 25, 1999)
Exhibit P - Prime Broker Agreement between NationsBanc
Montgomery Securities and Pacific Financial
Investors, Ltd. (Incorporated by reference to
Amendment No. 5, filed with the Commission on
January 25, 1999)
Exhibit Q - Partnership Agreement between NationsBanc
Montgomery Securities and Pacific Financial
Investors, Ltd. (Incorporated by reference to
Amendment No. 5, filed with the Commission on
January 25, 1999)
</TABLE>
- ------------------------------------------
(10) 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 24 of 26 Pages
<PAGE> 25
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 Company.
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 ACQUISITION, L.P., by its General Partner,
HANCOCK PARK ACQUISITION, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Member
HANCOCK PARK ACQUISITION, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Member
Pages 25 of 26 Pages
<PAGE> 26
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
PACIFIC FINANCIAL INVESTORS, LTD.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Managing Member
Dated: 3/22/99
----------
Page 26 of 26 Pages
