UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ADVANCE FINANCIAL BANCORP
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.10 PER SHARE
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(Title of Class of Securities)
007437106
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(CUSIP Number)
Mr. Terry Maltese,
Sandler O'Neill Asset Management LLC,
712 Fifth Avenue - 22nd Floor,
New York, NY 10019
(212) 974-1700
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(Name, Address, Telephone Number of Person Authorized
to Receive Notices and Communications)
January 5, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 16 Pages
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CUSIP No. 007437106 Page 2 of 16 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sandler O'Neill Asset Management LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
00
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
75,000
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
- --------------------------------------------------------------------------------
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
75,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
75,000
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
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14. TYPE OF REPORTING PERSON
00
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CUSIP No. 007437106 Page 3 of 16 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOAM Holdings, LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
00
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
- --------------------------------------------------------------------------------
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
75,000
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
- --------------------------------------------------------------------------------
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
75,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
75,000
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
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14. TYPE OF REPORTING PERSON
00
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<PAGE>
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CUSIP No. 007437106 Page 4 of 16 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Partners, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
- --------------------------------------------------------------------------------
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
37,200
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
- --------------------------------------------------------------------------------
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
37,200
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
37,200
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.4%
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14. TYPE OF REPORTING PERSON
PN
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<PAGE>
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CUSIP No. 007437106 Page 5 of 16 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Partners II, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
- --------------------------------------------------------------------------------
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
12,300
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
- --------------------------------------------------------------------------------
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
12,300
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
12,300
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
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14. TYPE OF REPORTING PERSON
PN
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<PAGE>
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CUSIP No. 007437106 Page 6 of 16 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Hedge Fund, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
- --------------------------------------------------------------------------------
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
17,425
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
- --------------------------------------------------------------------------------
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
17,425
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
17,425
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
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14. TYPE OF REPORTING PERSON
PN
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<PAGE>
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CUSIP No. 007437106 Page 7 of 16 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Hedge Fund II, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
- --------------------------------------------------------------------------------
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
8.075
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
- --------------------------------------------------------------------------------
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
8.075
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
8.075
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.75%
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14. TYPE OF REPORTING PERSON
PN
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<PAGE>
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CUSIP No. 007437106 Page 8 of 16 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Terry Maltese
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
00
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE VOTING POWER
- --------------------------------------------------------------------------------
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED VOTING POWER
75,000
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9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SOLE DISPOSITIVE POWER
- --------------------------------------------------------------------------------
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH SHARED DISPOSITIVE POWER
75,000
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
75,000
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
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14. TYPE OF REPORTING PERSON
IN
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<PAGE>
This Amendment No. 1 to Schedule 13D relating to Advance Financial Bancorp
is being filed on behalf of the undersigned to amend the Schedule 13D dated
August 22, 1997 (the "Schedule 13D"). Terms defined in the Schedule 13D and not
defined herein have the same meaning as in the Schedule 13D.
Item 2. Identity and Background.
Item 2 of the Schedule 13D is hereby amended in its entirety to read as
follows:
(a) This statement is being filed by (i) Sandler O'Neill Asset
Management LLC, a New York limited liability company ("SOAM"), with respect
to shares of Common Stock beneficially owned by Malta Partners, L.P., a
Delaware limited partnership ("MP"), Malta Hedge Fund, L.P., a Delaware
limited partnership ("MHF"), Malta Partners II, L.P. , a Delaware limited
partnership ("MPII"), and Malta Hedge Fund II, L.P., a Delaware limited
partnership ("MHFII") (ii) SOAM Holdings, LLC, a Delaware limited liability
company ("Holdings"), with respect to shares of Common Stock beneficially
owned by MP, MHF, MPII and MHFII, (iii) MP, with respect to shares of
Common Stock beneficially owned by it, (iv) MHF, with respect to shares of
Common Stock beneficially owned by it, (v) MPII, with respect to shares of
Common Stock beneficially owned by it, (vi) MHFII, with respect to shares
of Common Stock beneficially owned by it, and (vii) Terry Maltese, with
respect to shares of Common Stock beneficially owned by MP, MHF, MPII and
MHFII. The foregoing persons are hereinafter sometimes referred to
collectively as the "Reporting Persons" and MP, MHF, MPII and MHFII are
sometimes collectively referred to herein as the "Partnerships." Any
disclosures herein with respect to persons other than the Reporting Persons
are made on information and belief after making inquiry to the appropriate
party.
The sole general partner of each of the Partnerships is Holdings, and
administrative and management services for the Partnerships are provided by
SOAM. The managing member and President of Holdings and SOAM is Mr.
Maltese. In his capacity as President and managing member of Holdings and
SOAM, Mr. Maltese exercises voting and dispositive power over all shares of
Common Stock beneficially owned by MP, MHF, MPII, MHFII, SOAM and Holdings.
The non- managing member of Holdings and SOAM is 2 WTC LLC, a New York
limited liability company ("2WTC").
(b) The address of the principal offices of each of MP, MHF, MPII,
MHFII, Holdings and SOAM and the business address of Mr. Maltese is Sandler
O'Neill Asset Management LLC, 712 Fifth Avenue, 22nd Floor, New York, New
York 10019. The address of the principal offices of 2WTC is c/o Sandler
O'Neill & Partners, L.P., 2 World Trade Center -- 104th Floor, New York,
New York 10048.
(c) The principal business of MP, MHF, MPII and MHFII is that of
private partnerships engaged in investment in securities for its own
account. The principal business of Holdings is that of acting as general
partner for the Partnerships. The principal business of SOAM is that of
providing administrative and management services to the Partnerships. The
present principal occupation or employment of Mr. Maltese is President of
SOAM and Holdings. The principal business of 2WTC is investing in Holdings
and SOAM.
Page 9 of 16
<PAGE>
(d) During the last five years, none of MP, MHF, MPII, MHFII,
Holdings, SOAM, 2WTC or Mr. Maltese has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of MP, MHF, MPII, MHFII,
Holdings, SOAM, 2WTC or Mr. Maltese has been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction as a result
of which such person 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 any violation with
respect to such laws.
(f) Mr. Maltese is a U.S. citizen.
Item 3. Source and Amount of Funds.
Item 3 of the Schedule 13D is hereby amended in its entirety to read as
follows:
The net investment cost (including commissions, if any) of the shares
of Common Stock held by MP, MHF, MPII and MHFII is $535,730, $188,307,
$254,239 and $135,490, respectively. Such shares were purchased with the
investment capital of the respective entities.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended in its entirety to read as
follows:
(a) Based upon an aggregate of 1,084,450 shares of Common Stock
outstanding, as set forth in the Issuer's Quarterly Report on Form 10-Q for
the quarter ended September 30, 1997, as of the close of business on
January 5, 1998:
(i) MP beneficially owned 37,200 shares of Common Stock,
constituting approximately 3.4% of the shares outstanding.
(ii) MPII beneficially owned 12,300 shares of Common Stock,
constituting approximately 1.1% of the shares outstanding.
(iii) MHF beneficially owned 17,425 shares of Common Stock,
constituting approximately 1.6% of the shares outstanding.
(iv) MHFII beneficially owned 8,075 shares of Common Stock,
constituting approximately 0.75% of the shares outstanding.
Page 10 of 16
<PAGE>
(v) Holdings owned directly no shares of Common Stock. By reason of
its position as general partner of MP, MPII, MHF and MHFII,
under the provisions of Rule 13d-3 of the Securities and
Exchange Commission ("Rule 13d-3"), Holdings may be deemed to
beneficially own the 37,200 shares owned by MP, the 12,300
shares owned by MPII, the 17,425 shares owned by MHF, and the
8,075 shares owned by MHFII or an aggregate of 75,000 shares of
Common Stock, constituting approximately 6.9% of the shares
outstanding.
(vi) SOAM owned directly no shares of Common Stock. By reason of its
position as management company for MP, MPII, MHF and MHFII,
under the provisions of Rule 13d-3, SOAM may be deemed to
beneficially own the 37,200 shares owned by MP, the 12,300
shares owned by MPII, the 17,425 shares owned by MHF, and the
8,075 shares owned by MHFII or an aggregate of 75,000 shares of
Common Stock, constituting approximately 6.9% of the shares
outstanding.
(vii) Mr. Maltese directly owned no shares of Common Stock. By reason
of his position as President of Holdings and SOAM, Mr. Maltese
may be deemed to beneficially own the 37,200 shares owned by
MP, the 12,300 shares owned by MPII, the 17,425 shares owned by
MHF, and the 8,075 shares owned by MHFII or an aggregate of
75,000 shares of Common Stock, constituting approximately 6.9%
of the shares outstanding.
(viii) In the aggregate, the Reporting Persons beneficially own an
aggregate of 75,000 shares of Common Stock, constituting
approximately 6.9% of the shares outstanding.
(ix) 2WTC directly owned no shares of Common Stock.
(b) The Partnerships each have the power to dispose of and to vote
the shares of Common Stock beneficially owned by it, which power may be
exercised by its general partner, Holdings. Holdings is a party to a
management agreement with SOAM pursuant to which SOAM shares the power to
dispose of and to vote the shares of Common Stock beneficially owned by
Holdings. Mr. Maltese, as President and managing member of Holdings and
SOAM, shares the power to dispose of and to vote the shares of Common Stock
beneficially owned by the other Reporting Persons.
(c) Since the date of the filing of the Schedule 13D, MP effected the
following transactions:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
9/12/97 Bought 4,100 $15.67
1/01/98 Transfer 9,300 N/A
To MPII
Page 11 of 16
<PAGE>
Since the date of the filing of the Schedule 13D, MHF effected the
following transactions:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
9/12/97 Bought 3,400 $15.875
1/01/98 Transfer 3,075 N/A
To MHFII
Since the date of the filing of the Schedule 13D, MPII effected the
following transactions:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
1/01/98 Transfer 9,300 N/A
From MP
1/05/98 Bought 3,000 18.12
Since the date of the filing of the Schedule 13D, MHFII effected the
following transactions:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
1/01/98 Transfer 3,075 N/A
From MHF
1/05/98 Bought 5,000 18.12
(d) Not applicable.
(e) Not applicable.
Item 7. Material to be Filed as Exhibits.
Item 7 of the Schedule 13D is hereby amended in its entirety to read as
follows:
Exhibit 1 Written Agreement relating to the filing of joint
acquisition statements as required by Rule 13d-1(f)(1)
of the Securities and Exchange Commission
Page 12 of 16
<PAGE>
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.
Dated: January 20, 1998
MALTA PARTNERS, L.P.
By: SOAM Holdings, LLC,
the sole general partner
By: /s/ Terry Maltese
---------------------------
Terry Maltese
President
MALTA PARTNERS II, L.P.
By: SOAM Holdings, LLC,
the sole general partner
By: /s/ Terry Maltese
---------------------------
Terry Maltese
President
MALTA HEDGE FUND, L.P.
By: SOAM Holdings, LLC,
the sole general partner
By: /s/ Terry Maltese
---------------------------
Terry Maltese
President
MALTA HEDGE FUND II, L.P.
By: SOAM Holdings, LLC,
the sole general partner
By: /s/ Terry Maltese
---------------------------
Terry Maltese
President
Page 13 of 16
<PAGE>
SOAM Holdings, LLC
By: /s/ Terry Maltese
---------------------------
Terry Maltese
President
Sandler O'Neill Asset Management LLC
By: /s/ Terry Maltese
---------------------------
Terry Maltese
President
By: /s/ Terry Maltese
---------------------------
Terry Maltese
Page 14 of 16
<PAGE>
EXHIBIT INDEX
Page
----
Exhibit 1 Written Agreement relating to the 16
filing of joint acquisition statements
as required by Rule 13d-1(f)(1) of the
Securities and Exchange Commission
Page 15 of 16
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(f)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning it contained herein, but shall not be
responsible for the completeness and accuracy of the information concerning the
other, except to the extent that it knows or has reason to believe that such
information is inaccurate.
Dated: January 20, 1998
MALTA PARTNERS, L.P. MALTA HEDGE FUND, L.P.
By: SOAM Holdings, LLC, By: SOAM Holdings, LLC,
the sole general partner the sole general partner
By: /s/ Terry Maltese By: /s/ Terry Maltese
--------------------------- ---------------------------
Terry Maltese Terry Maltese
President President
MALTA PARTNERS II, L.P. MALTA HEDGE FUND II, L.P.
By: SOAM Holdings, LLC, By: SOAM Holdings, LLC,
the sole general partner the sole general partner
By: /s/ Terry Maltese By: /s/ Terry Maltese
--------------------------- ---------------------------
Terry Maltese Terry Maltese
President President
SOAM Holdings, LLC Sandler O'Neill Asset Management LLC
By: /s/ Terry Maltese By: /s/ Terry Maltese
--------------------------- ---------------------------
Terry Maltese Terry Maltese
President President
Terry Maltese
/s/ Terry Maltese
---------------------------
Page 16 of 16
