OMB APPROVAL
OMB Number:3235-0145
Expires: October 31, 1997
Estimated average burden
hours per response....14.90
SECURlTIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No.3)*
South Jersey Financial Corporation, Inc.
- -------------------------------------------------------------------------------
Common Stock
- -------------------------------------------------------------------------------
838493104
-----------------------------------------------------------------------------
(CUSIP Number)
Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ 07054,
(973) 560-1400, Ext.108
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 24, 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-l(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: (I) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item l; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-l(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>
SCHEDULE 13D
CUSIP NO. 838493104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Seidman and Associates, L.L.C. 22-3343079
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
31,000
NUMBER OF -------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
31,000
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 31,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .817
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 838493104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Lawrence B. Seidman SS#075 38 0679
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
291,100
NUMBER OF -------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
291,100
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 291,100
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.673
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 838493104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Seidman Investment Partnership, L.P. 22-3360395
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 43,800
--------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
43,800
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 43,800
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.154
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 13D
<PAGE>
SCHEDULE 13D
CUSIP NO. 838493104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Seidman Investment Partnership II, L.P. 22-3603662
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 54,000
--------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
54,000
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 54,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.423
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
<PAGE>
SCHEDULE 13D
CUSIP NO. 838493104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Federal Holdings, L.L.C. 13-3838083
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
46,900
NUMBER OF -----------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
46,900
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 46,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.236
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
<PAGE>
SCHEDULE 13D
CUSIP NO. 838493104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Kerrimatt, L.P. 22-3583179
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 37,500
--------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
37,500
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 37,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .988
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
<PAGE>
SCHEDULE 13D
CUSIP NO. 838493104.
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Benchmark Partners, L.P. 11-2955345
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 15,000
--------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
15,000
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 15,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .395
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION SCHEDULE 1
<PAGE>
SCHEDULE 13D
CUSIP NO. 838493104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Richard Whitman, Individually ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
--------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 15,000
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
15,000
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 15,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .395
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
<PAGE>
SCHEDULE 13D
CUSIP NO. 838493104
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Lorraine DiPaolo, Individually 094 28 8963
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
--------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 15,000
--------------------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
PERSON -----------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER 15,000
--------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 15,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .395
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATIONSCHEDULE 13D
<PAGE>
The statement on Schedule 13D which was filed April 29, 1999 and Amendment #1,
which was filed on May 18, 1999 and Amendment #2 which was filed on May 19,
1999 on behalf of Seidman and Associates, L.L.C. ("SAL"), Seidman and Associates
II, L.L.C. ("SALII"), Seidman Investment Partnership, LP ("SIP"), Seidman
Investment Partnership II, LP ("SIPII") Federal Holdings L.L.C. ("Federal"),
Kerrimatt, LP ("Kerrimatt"), Benchmark Partners, LP ("Partners"), Richard
Whitman ("Whitman"), Lorraine DiPaolo ("DiPaolo") and Lawrence B. Seidman
("Seidman") (collectively, the "Reporting Persons") with respect to the
Reporting Persons' beneficial ownership of shares of Common Stock (the
"Shares"), of South Jersey Financial Corp., a Delaware Corporation (the
"Issuer"), is hereby amended as set forth below: Such Statement on Schedule 13D
is hereinafter referred to as the "Schedule 13D". Terms used herein which are
defined in the Schedule 13D shall have their respective meanings set forth in
the Schedule 13D.
2. Identity and Background
(a) Benchmark Partners, LP, is a limited partnership organized under the
laws of the State of Delaware.
(b) 750 Lexington Avenue, New York, NY 10022
(c) Richard Whitman and Lorraine DiPaolo are the sole General Partners of
Benchmark Partners, LP.
(d) During the last five years Richard Whitman and Lorraine DiPaolo have
not been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years Richard Whitman and Lorraine DiPaolo were
not 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 not 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) U.S.A.
4. Purpose of the Transaction
On May 20, 1999, Lawrence Seidman received a letter from the Issuer, the text of
which is attached hereto as Exhibit A and incorporated in its entirety. However,
the Issuer did not agree to provide Mr. Seidman with the Issuer's shareholder
list and did not respond to Mr. Seidman's request for representation on the
Issuer's Board of Directors. In response to said letter Seidman sent a reply
letter dated May 21, 1999. A copy of this letter is attached as Exhibit B hereto
and incorporated in its entirety.
5. Interest in Securities of the Issuer
(a)(b)(c) As of the close of business on May 24, 1999, the Reporting Persons
owned beneficially an aggregate of 291,100 shares of Common Stock, which
constituted approximately 7.673% of the 3,793,430 shares of Common Stock
outstanding based upon the company's Form 10-KSB for fiscal year end December
31, 1998.
The schedule below describes transactions in the Common Stock effected by the
Reporting Persons from May 14, 1999 until May 24,1999. Except as set forth
in this Item 5, none of the Reporting Persons owns beneficially or has a right
to acquire beneficial ownership of any Common Stock, and except as set forth in
this Item 5, none of the Reporting Persons has effected transactions that have
not been previously reported in the Common Stock during the past sixty (60)
days.
No of Total
Trade Date Shares Price Cost/(Proceeds) Entity
- --------------- ----------------- ----------------- ----------------- ----------
5/18/99 5,000 12.29 61,452.00 PARTNERS
5/21/99 5,000 12.62 63,125.00 FEDERAL
5/21/99 5,000 12.62 63,125.00 SIPII
5/21/99 5,000 12.62 63,125.00 SIP
5/21/99 10,000 12.63 126,265.00 PARTNERS
5/24/99 5,000 12.69 63,437.50 SAL
5/24/99 5,000 12.69 63,437.50 SIP
5/24/99 5,000 12.69 63,437.50 KERRIMATT
5/24/99 5,000 12.69 63,437.50 FEDERAL
5/24/99 5,000 12.75 63,750.00 SIPII
- -------------------------------------------------------------------------------
TOTAL 55,000 694,592.00
<PAGE>
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.
/s/ Lawrence B. Seidman
----------------------------
May 24, 1999 Lawrence B. Seidman, Power of
Date Attorney Pursuant to Joint
Filing Statement Dated
April 28, 1999.
/s/ Richard Whitman
May 24, 1999 ----------------------------
Date Richard Whitman, Individually
May 24, 1999 Benchmark Partners, LP
Date
/s/ Richard Whitman
May 24, 1999 ----------------------------
Date Richard Whitman,
General Partner
/s/Lorraine DiPaolo
May 24, 1999 ----------------------------
Date Lorraine DiPaolo,
Individually
<PAGE>
Exhibit A
SOUTH JERSEY SAVINGS AND LOAN ASSOCIATION
May 20, 1999
VIA FAX AND FEDERAL EXPRESS
Lawrence B. Seidman, Esquire
100 Misty Lane
Parsippany, NJ 07470
Dear Mr. Seidman:
We are in receipt of your letter addressed to the attention of Mr.
Sidebotham dated May 14, 1999 in which you, among other things, request certain
information regarding South Jersey Financial Corporation (the "Company")
shareholders through the record date for the next annual meeting of
shareholders.
In response to your request and in accordance with Rule 14a-7(a)(1)
promulgated under the Exchange Act of 1934, we are hereby: (i) notifying you of
the Company's election to mail your soliciting materials for you pursuant to
Rule 14a-7a(i) in lieu of providing you with a shareholder list pursuant to Rule
14a-7(a) and (ii) furnishing you with the following information. As of February
12, 1999, the date the Company's initial public offering closed, the Company had
1,529 stockholders. As of May 18, 1999, the Company had 1,192 registered
holders. Currently, the Company cannot estimate how many beneficial owners
holding in "street name" through other record holders there are because the
Company has not conducted a broker search since its stock began trading. We
intend to obtain that information prior to the annual meeting. Please advise us
if you need such information and we will provide it to you when available. The
Company has been advised that to the extent applicable, the following fees would
be due for sending proxy materials to the registered holders: (1) mailing -
$2.50 (per Shareholder (Letter and Proxy Card) (.25 per additional enclosure));
(2) proxy card prepared - $0.10 per card; (3) proxy card tabulated - $0.50 per
card; (4) final tabulation list - $150.00; (5) tabulation report - $25.00 (per
report) and; (6) coordination of Broker fulfillment - $1,000.00 (plus
out-of-pocket).
<PAGE>
Out-of-pocket costs, including but not limited to postage, stationery
and facsimiles, will be billed separately. All other actions and costs not
mentioned or currently contemplated will be billed as they occur.
In addition, pursuant to your request, you may make an appointment with
Mr. Sidebotham to come to the Bank and review the most recent shareholder list
that we have. At this time the company has a paper copy of the list of record
holders available. In order for us to furnish the updated list of record holders
you requested, we will need for you to submit to us an agreement that you will
pay all costs of obtaining and furnishing to you such a list. In addition to
receipt of an agreement to pay all such costs associated with furnishing the
requested list, we request a check in the amount of our current estimate of the
cost. At this time, based upon information we have received from our transfer
agent, we estimate the cost to be approximately $3,936.00.
Sincerely,
/s/Robert J. Colacicco
Robert J. Colacicco
President, Chief Executive Officer
<PAGE>
Exhibit B
LAWRENCE B. SEIDMAN, ESQ.
100 Misty Lane
P. O. BOX 5430
Parsippany, NJ 07054
(973) 560-1400, Ext. 108
May 21, 1999
Mr. Robert J. Colacicco
President, Chief Executive Officer
South Jersey Savings and Loan Association
4651 Route 42
Turnersville, NJ 08012
Dear Mr. Colacicco:
I am in receipt of your May 29, 1999 letter.
In my letter of May 14, 1999 to Joseph Sidebotham, Corporate Secretary, I
requested that I be provided with the shareholder list of South Jersey Financial
Corporation in accordance with Delaware General Corporate Law. Your letter does
not respond to this request. I herewith re-state my request that I be provided
with copies of the shareholder list (including NOBO, CEDE and Philadep lists) as
required by Delaware General Corporate Law.
If I do not receive the above material within five days, I will be forced to
take legal action to obtain said material. I trust this will not be necessary.
Very truly yours,
/s/Lawrence B. Seidman
LAWRENCE B. SEIDMAN
LS:rr
cc: Mr. Joseph Sidebotham,
Corporate Secretary
<PAGE>
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934,
as amended, the undersigned hereby agree to the joint filing with each other of
the attached statement on Schedule 13D and to all amendments to such statement
and that such Statement and all amendments to such statement is made on behalf
of each of them.
In addition the undersigned hereby appoints Lawrence B. Seidman as
attorney-in-fact for the undersigned with authority to execute and deliver on
behalf of the undersigned any and all documents (including any amendments
thereto) required to be filed by the undersigned or otherwise executed and
delivered by the undersigned pursuant to the Securities Exchange Act of 1934, as
amended, all other federal, state and local securities and corporation laws, and
all regulations promulgated thereunder.
IN WITNESS WHEREOF, the undersigned hereby execute this agreement on
May 24, 1999.
/s/Lawrence B. Seidman
May 24, 1999 ----------------------------
Date Lawrence B. Seidman, Power of
Attorney Pursuant to Joint
Filing Statement Dated
April 28, 1999.
/s/Richard Whitman
May 24, 1999 ----------------------------
Date Richard Whitman, Individually
May 24, 1999 Benchmark Partners, LP
Date
/s/ Richard Whitman
May 24, 1999 ----------------------------
Date Richard Whitman,
General Partner
/s/Lorraine DiPaolo
May 24, 1999 ----------------------------
Date Lorraine DiPaolo,
Individually
