<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. 5 )*
SFB Bancorp, Inc.
--------------------------------------------------------------------------------
(NAME OF ISSUER)
Common Stock, par value $0.10 per share
--------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
--------------------------------------------------------------------------------
78412C10
(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)
August 24, 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 13 PAGES.
EXHIBIT INDEX LOCATED ON PAGE ___
<PAGE> 2
SCHEDULE 13D
------------------------------ ---------------------------------
CUSIP NO. 78412C10 PAGE 2 OF 13 PAGES
--- ----
------------------------------ ---------------------------------
<TABLE>
<CAPTION>
<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
OWNED BY
EACH
REPORTING PERSON
WITH
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
42,000
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
42,000
---------------------- ------ --------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,000
------ -------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
------ -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
------ -------------------------------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
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.
<PAGE> 3
SCHEDULE 13D
------------------------------ ---------------------------------
CUSIP NO. 78412C10 PAGE 3 OF 13 PAGES
--- ----
------------------------------ ---------------------------------
<TABLE>
<CAPTION>
<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
EACH
REPORTING PERSON
WITH
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
39,300
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
39,300
---------------------- ------ --------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,300
------ -------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
------ -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
------ -------------------------------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
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.
<PAGE> 4
SCHEDULE 13D
------------------------------ ---------------------------------
CUSIP NO. 78412C10 PAGE 4 OF 13 PAGES
--- ----
------------------------------ ---------------------------------
<TABLE>
<CAPTION>
<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
EACH
REPORTING PERSON
WITH
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
6,200
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,200
---------------------- ------ --------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,200
------ -------------------------------------------------------------------------------------------------------------------------
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.
<PAGE> 5
SCHEDULE 13D
------------------------------ ---------------------------------
CUSIP NO. 78412C10 PAGE 5 OF 13 PAGES
--- ----
------------------------------ ---------------------------------
<TABLE>
<CAPTION>
<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
OWNED BY
EACH
REPORTING PERSON
WITH
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
19,300
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,300
---------------------- ------ --------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,300
------ -------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
------ -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
------ -------------------------------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
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.
<PAGE> 6
SCHEDULE 13D
------------------------------ ---------------------------------
CUSIP NO. 78412C10 PAGE 6 OF 13 PAGES
--- ----
------------------------------ ---------------------------------
<TABLE>
<CAPTION>
<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
OWNED BY
EACH
REPORTING PERSON
WITH
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
3,300
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,300
---------------------- ------ --------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,300
------ -------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
------ -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
------ -------------------------------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
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.
<PAGE> 7
SCHEDULE 13D
------------------------------ ---------------------------------
CUSIP NO. 78412C10 PAGE 7 OF 13 PAGES
--- ----
------------------------------ ---------------------------------
<TABLE>
<CAPTION>
<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
OWNED BY
EACH
REPORTING PERSON
WITH
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
10,500
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,500
---------------------- ------ --------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,500
------ -------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
------ -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
------ -------------------------------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
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.
<PAGE> 8
SCHEDULE 13D
------------------------------ ---------------------------------
CUSIP NO. 78412C10 PAGE 8 OF 13 PAGES
--- ----
------------------------------ ---------------------------------
<TABLE>
<CAPTION>
<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
OWNED BY
EACH
REPORTING PERSON
WITH
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
2,700
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,700
---------------------- ------ --------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,700
------ -------------------------------------------------------------------------------------------------------------------------
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.
<PAGE> 9
SCHEDULE 13D
------------------------------ ---------------------------------
CUSIP NO. 78412C10 PAGE 9 OF 13 PAGES
--- ----
------------------------------ ---------------------------------
<TABLE>
<CAPTION>
<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
OWNED BY
EACH
REPORTING PERSON
WITH
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
42,000
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------------------- ------ --------------------------------------------------------------------------------------------------
---------------------- ------ --------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
42,000
---------------------- ------ --------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,000
------ -------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
------ -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
------ -------------------------------------------------------------------------------------------------------------------------
------ -------------------------------------------------------------------------------------------------------------------------
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.
<PAGE> 10
This Amendment No. 5 to Schedule 13D relating to SFB Bancorp, Inc. is being
filed on behalf of the undersigned to amend the Schedule 13D dated December 23,
1997, as amended by Amendment No. 1 to the Schedule 13D dated June 22, 1998,
Amendment No. 2 to the Schedule 13D dated July 27, 1998, Amendment No. 3 to the
Schedule 13D dated December 1, 1998 and Amendment No. 4 to the Schedule 13D
dated June 15, 2000 (the "Schedule 13D"). Terms defined in the Schedule 13D and
not defined herein have the same meaning as in the Schedule 13D.
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 $92,921, $48,089, $278,470,
$151,227 and $29,963, 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 597,595 shares of Common Stock outstanding, as
set forth in the Issuer's Form 10-QSB for the quarter ended June 30, 2000, as of
the close of business on August 24, 2000:
(i) MP beneficially owned 6,200 shares of Common Stock, constituting
approximately 1.0% of the shares outstanding.
(ii) MHF beneficially owned 3,300 shares of Common Stock, constituting
approximately 0.6% of the shares outstanding.
(iii)MPII beneficially owned 19,300 shares of Common Stock, constituting
approximately 3.2% of the shares outstanding.
(iv) MHFII beneficially owned 10,500 shares of Common Stock, constituting
approximately 1.7% of the shares outstanding.
(v) MO beneficially owned 2,700 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 6,200 shares owned
by MP, the 3,300 shares owned by MHF, the 19,300 shares owned by MPII, the
10,500 shares owned by MHFII and the 2,700 shares owned by MO, or an
aggregate of 42,000 shares of Common Stock, constituting approximately 7.0%
of the shares outstanding.
Page 10 of 13
<PAGE> 11
(vi) 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 6,200 shares owned
by MP, the 3,300 shares owned by MHF, the 19,300 shares owned by MPII and
the 10,500 shares owned by MHFII, or an aggregate of 39,300 shares of
Common Stock, constituting approximately 6.6% 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 6,200 shares owned by MP, the 3,300 shares owned by
MHF, the 19,300 shares owned by MPII, the 10,500 shares owned by MHFII and
the 2,700 shares owned by MO, or an aggregate of 42,000 shares of Common
Stock, constituting approximately 7.0% of the shares outstanding.
(viii) In the aggregate, the Reporting Persons beneficially own an aggregate of
42,000 shares of Common Stock, constituting approximately 7.0% 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 and including August 24, 2000, MP effected
the following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
-----------------------------------------------------
08/11/00 Bought 400 $11.625
08/24/00 Bought 300 $11.625
Page 11 of 13
<PAGE> 12
During the sixty days prior to and including August 24, 2000, MHF effected
the following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
-----------------------------------------------------
08/11/00 Bought 400 $11.625
08/24/00 Bought 300 $11.625
During the sixty days prior to and including August 24, 2000, MPII effected
the following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
-----------------------------------------------------
08/11/00 Bought 1,600 $11.625
08/24/00 Bought 1,100 $11.625
During the sixty days prior to and including August 24, 2000, MHFII
effected the following transactions in the Common Stock in open market
transactions with brokers:
Number Price
Date Action of Shares per Share
-----------------------------------------------------
08/11/00 Bought 1,000 $11.625
08/24/00 Bought 1,100 $11.625
During the sixty days prior to and including August 24, 2000, MO effected
the following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
-----------------------------------------------------
08/11/00 Bought 600 $11.625
08/24/00 Bought 200 $11.625
(d) Not applicable.
(e) Not Applicable.
Page 12 of 13
<PAGE> 13
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: August 31, 2000
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 13 of 13
