<PAGE> 1
-----------------------------------------
OMB APPROVAL
-----------------------------------------
OMB NUMBER: 3235-0145
EXPIRES: OCTOBER 31, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE................14.90
-----------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4 )*
Cumberland Mountain Bancshares, Inc.
--------------------------------------------------------------------------------
(NAME OF ISSUER)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
23075510
--------------------------------------------------------------------------------
(CUSIP NUMBER)
Mr. Terry Maltese, Sandler O'Neill Asset Management LLC,
780 Third Avenue, 30th Floor, New York, NY 10017 (212) 486-7300
--------------------------------------------------------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE
NOTICES AND COMMUNICATIONS)
December 28, 2000
--------------------------------------------------------------------------------
(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.
--- ----
EXHIBIT INDEX LOCATED ON PAGE SEC 1746 (12-91)
---
<PAGE> 2
SCHEDULE 13D
<TABLE>
<S> <C>
---------------------------------- -------------------------------------
CUSIP NO. 23075510 PAGE 2 OF 16 PAGES
----------------------- ---------- -----------
---------------------------------- -------------------------------------
</TABLE>
<TABLE>
<S> <C>
----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sandler O'Neill Asset Management, LLC
----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
----------------------------------------------------------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION
New York
----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES ---------------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 44,000
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
---------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
44,000
----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,000
----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*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.
2 OF 9
<PAGE> 3
SCHEDULE 13D
<TABLE>
<S> <C>
---------------------------------- -------------------------------------
CUSIP NO. 23075510 PAGE 3 OF 16 PAGES
----------------------- ---------- -----------
---------------------------------- -------------------------------------
</TABLE>
<TABLE>
<S> <C>
----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOAM Holdings, LLC
----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
----------------------------------------------------------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 40,380
PERSON ---------------------------------------------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
40,380
----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,380
----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.0%
----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*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.
2 OF 9
<PAGE> 4
SCHEDULE 13D
<TABLE>
<S> <C>
---------------------------------- -------------------------------------
CUSIP NO. 23075510 PAGE 4 OF 16 PAGES
----------------------- ---------- -----------
---------------------------------- -------------------------------------
</TABLE>
<TABLE>
<S> <C>
----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Partners, L.P.
----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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 CITIZEN OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 6,377
PERSON ---------------------------------------------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,377
----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6.377
----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*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.
2 OF 9
<PAGE> 5
SCHEDULE 13D
<TABLE>
<S> <C>
---------------------------------- -------------------------------------
CUSIP NO. 23075510 PAGE 5 OF 16 PAGES
----------------------- ---------- -----------
---------------------------------- -------------------------------------
</TABLE>
<TABLE>
<S> <C>
----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Partners II, L.P.
----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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 CITIZEN OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES ---------------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 13,223
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
---------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,223
----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,223
----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*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.
2 OF 9
<PAGE> 6
SCHEDULE 13D
<TABLE>
<S> <C>
---------------------------------- -------------------------------------
CUSIP NO. 23075510 PAGE 6 OF 16 PAGES
----------------------- ---------- -----------
---------------------------------- -------------------------------------
</TABLE>
<TABLE>
<S> <C>
----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Hedge Fund, L.P.
----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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 CITIZEN OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES ---------------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 5,532
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
---------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,532
----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,532
----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*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.
2 OF 9
<PAGE> 7
SCHEDULE 13D
<TABLE>
<S> <C>
---------------------------------- -------------------------------------
CUSIP NO. 23075510 PAGE 7 OF 16 PAGES
----------------------- ---------- -----------
---------------------------------- -------------------------------------
</TABLE>
<TABLE>
<S> <C>
----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Hedge Fund II, L.P.
----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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 CITIZEN OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES ---------------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 15,248
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
---------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
15,248
----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,248
----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2%
----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*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.
2 OF 9
<PAGE> 8
SCHEDULE 13D
<TABLE>
<S> <C>
---------------------------------- -------------------------------------
CUSIP NO. 23075510 PAGE 8 OF 16 PAGES
----------------------- ---------- -----------
---------------------------------- -------------------------------------
</TABLE>
<TABLE>
<S> <C>
----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Offshore, Ltd.
----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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 CITIZEN OR PLACE OF ORGANIZATION
Cayman Islands
----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES ---------------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 3,620
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
---------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,620
----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,620
----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*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.
2 OF 9
<PAGE> 9
SCHEDULE 13D
<TABLE>
<S> <C>
---------------------------------- -------------------------------------
CUSIP NO. 23075510 PAGE 9 OF 16 PAGES
----------------------- ---------- -----------
---------------------------------- -------------------------------------
</TABLE>
<TABLE>
<S> <C>
----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Terry Maltese
----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
----------------------------------------------------------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION
USA
----------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES ---------------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 44,000
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
---------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
44,000
----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,000
----------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
----------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*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.
2 OF 9
<PAGE> 10
This Amendment No. 4 to Schedule 13D relating to Cumberland Mountain
Bancshares Inc. is being filed on behalf of the undersigned to amend the
Schedule 13D dated January 30, 1998 as amended by Amendment No. 1 to the
Schedule 13D dated February 5, 1998, Amendment No. 2 to the Schedule 13D dated
May 22, 1998 and Amendment No. 3 to the Schedule 13D dated July 9, 1998 (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"), Malta
Hedge Fund II, L.P., a Delaware limited partnership ("MHFII"), and Malta
Offshore, Ltd., a Cayman Islands company ("MO") (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, (vii) MO, with
respect to shares of Common Stock beneficially owned by it, and (viii) Terry
Maltese, with respect to shares of Common Stock beneficially owned by MP, MHF,
MPII, MHFII and MO. 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. SOAM also provides management services to MO. 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, MO, 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, 780 Third Avenue, 30th Floor, New York, New York 10017.
The address of the principal offices of MO is c/o Hemisphere Fund Managers
Limited, Harbour Centre, Third Floor, George Town, Grand Cayman, Cayman Islands,
British West Indies. 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.
PAGE 10 0F 16
<PAGE> 11
(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 MO is that of 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 and management
services to MO. 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.
(d) During the last five years, none of MP, MHF, MPII, MHFII, MO, 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, MO, 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, MHFII and MO is $104,238, $93,072, $204,860,
$254,134 and $28,055, respectively. Such shares were purchased with the
investment capital of the respective entities.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Schedule 13D is hereby amended in its entirety to read as
follows:
The purpose for which the Common Stock was acquired by the Reporting
Persons is for investment. As such, in the ordinary course of their business,
the Reporting Persons will continuously evaluate the financial condition,
results of operations, business and prospects of the Issuer, the securities
markets in general and the market for the Common Stock in particular, conditions
in the economy and the financial institutions industry generally and other
investment opportunities, all with a view to determining whether to hold,
decrease or increase its investment in the Common Stock, through open market,
privately negotiated or any other transactions. In the ordinary course of
evaluating its investment, representatives of the Reporting Persons may from
time to time seek to (or be invited to) discuss the business and policies of the
Issuer with the management of the Issuer. However, none of the Reporting Persons
has any plan or proposal as of the date hereof which would relate to or result
in any transaction, change or event specified in clauses (a) through (j) of Item
4 of Schedule 13D.
PAGE 11 OF 16
<PAGE> 12
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 680,558 shares of Common Stock outstanding,
as set forth in the Issuer's Quarterly Report on Form 10-QSB for the quarter
ended September 30, 2000, as of the close of business on December 28, 2000:
(i) MP beneficially owned 6,377 shares of Common Stock, constituting
approximately 1.0% of the shares outstanding.
(ii) MPII beneficially owned 13,223 shares of Common Stock, constituting
approximately 2.0% of the shares outstanding.
(iii) MHF beneficially owned 5,532 shares of Common Stock, constituting
approximately 0.8% of the shares outstanding.
(iv) MHFII beneficially owned 15,248 shares of Common Stock, constituting
approximately 2.2% of the shares outstanding.
(v) MO beneficially owned 3,620 shares of Common Stock, constituting
approximately 0.5% of the shares outstanding.
(vi) SOAM owned directly no shares of Common Stock. By reason of its position
as management company for MP, MHF, MPII, MHFII and MO, under the
provisions of Rule 13d-3, SOAM may be deemed to beneficially own the
6,377 shares owned by MP, the 5,532 shares owned by MHF, the 13,223
shares owned by MPII, the 15,248 shares owned by MHFII and the 3,620
shares owned by MO, or an aggregate of 44,000 shares of Common Stock,
constituting approximately 6.5% of the shares outstanding.
(vii) Holdings owned directly no shares of Common Stock. By reason of its
position as general partner of MP, MHF, MPII 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 6,377
shares owned by MP, the 5,532 shares owned by MHF, the 13,223 shares
owned by MPII, and the 15,248 shares owned by MHFII, or an aggregate of
40,380 shares of Common Stock, constituting approximately 6.0% of the
shares outstanding.
PAGE 12 OF 16
<PAGE> 13
(viii)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 6,377 shares owned by MP, the 5,532 shares owned by
MHF, the 13,223 shares owned by MPII, the 15,248 shares owned by MHFII
and the 3,620 shares owned by MO, or an aggregate of 44,000 shares of
Common Stock, constituting approximately 6.5% of the shares outstanding.
(ix) In the aggregate, the Reporting Persons beneficially own an aggregate of
44,000 shares of Common Stock, constituting approximately 6.5% 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. MO has the power to
dispose of and to vote the shares of Common Stock beneficially owned by it. MO
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
MO. 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) During the sixty days prior to December 28, 2000, MP effected the
following transactions in the Common Stock in open market transactions with
brokers:
<TABLE>
<CAPTION>
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
<S> <C> <C> <C>
11/16/00 Sold 200 $6.750
12/28/00 Sold 3,000 4.402
</TABLE>
During the sixty days prior to December 28, 2000, MPII effected the
following transactions in the Common Stock in open market transactions with
brokers:
<TABLE>
<CAPTION>
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
<S> <C> <C> <C>
11/16/00 Sold 700 $6.750
11/27/00 Sold 1,000 5.813
12/28/00 Sold 15,600 4.402
</TABLE>
PAGE 13 OF 16
<PAGE> 14
During the sixty days prior to December 28, 2000, MHF effected the
following transactions in the Common Stock in open market transactions with
brokers:
<TABLE>
<CAPTION>
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
<S> <C> <C> <C>
11/16/00 Sold 100 $6.750
</TABLE>
During the sixty days prior to December 28, 2000, MHFII effected the
following transactions in the Common Stock in open market transactions with
brokers:
<TABLE>
<CAPTION>
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
<S> <C> <C> <C>
11/16/00 Sold 300 $6.750
</TABLE>
During the sixty days prior to December 28, 2000, MO effected the
following transactions in the Common Stock in open market transactions with
brokers:
<TABLE>
<CAPTION>
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
<S> <C> <C> <C>
11/16/00 Sold 100 $6.750
</TABLE>
(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 14 OF 16
<PAGE> 15
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 8, 2001
<TABLE>
<S> <C>
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
MALTA OFFSHORE, LTD Sandler O'Neill Asset Management LLC
By: Sandler O'Neill Asset Management LLC
By: /s/ Terry Maltese By: /s/ Terry Maltese
---------------------------------- --------------------------------------
Terry Maltese Terry Maltese
President President
SOAM Holdings, LLC Terry Maltese
By: /s/ Terry Maltese /s/ Terry Maltese
---------------------------------- -----------------------------------
Terry Maltese Terry Maltese
President
</TABLE>
PAGE 15 OF 16
