<PAGE>
OMB APPROVAL
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
SFB Bancorp, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.10 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
--------------------------------------------------------------------------------
784 12C10
--------------------------------------------------------------------------------
(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)
June 7, 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 resecurites,
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 "filled" 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 A-1
<PAGE>
SCHEDULE 13D
<TABLE>
<CAPTION>
<S> <C>
-------------------------------------- ----------------------------------------
CUSIP No. 784 12C10 Page 2 of 16 Pages
------------- ------------ -------
-------------------------------------- ----------------------------------------
------------ -----------------------------------------------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
------------ -----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY ---------- -----------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 35,000
WITH
---------- -----------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------- -----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
35,000
------------ -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,000
------------ -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
------------ -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
------------ -----------------------------------------------------------------------------------------------------------------------
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>
SCHEDULE 13D
<TABLE>
<CAPTION>
<S> <C>
-------------------------------------- ----------------------------------------
CUSIP No. 784 12C10 Page 3 of 16 Pages
------------- ------------ -------
-------------------------------------- ----------------------------------------
------------ -----------------------------------------------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ -----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY ---------- -----------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 33,100
WITH
---------- -----------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------- -----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
33,100
------------ -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,100
------------ -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
------------ -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.3%
------------ -----------------------------------------------------------------------------------------------------------------------
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>
SCHEDULE 13D
<TABLE>
<CAPTION>
<S> <C>
-------------------------------------- ----------------------------------------
CUSIP No. 784 12C10 Page 4 of 16 Pages
------------- ------------ -------
-------------------------------------- ----------------------------------------
------------ -----------------------------------------------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ -----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY ---------- -----------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 5,500
WITH
---------- -----------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------- -----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,500
------------ -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,500
------------ -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
------------ -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.90%
------------ -----------------------------------------------------------------------------------------------------------------------
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>
SCHEDULE 13D
<TABLE>
<CAPTION>
<S> <C>
-------------------------------------- ----------------------------------------
CUSIP No. 784 12C10 Page 5 of 16 Pages
------------- ------------ -------
-------------------------------------- ----------------------------------------
------------ -----------------------------------------------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ -----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY ---------- -----------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 16,600
WITH
---------- -----------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------- -----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
16,600
------------ -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,600
------------ -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
------------ -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.70%
------------ -----------------------------------------------------------------------------------------------------------------------
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>
SCHEDULE 13D
<TABLE>
<CAPTION>
<S> <C>
-------------------------------------- ----------------------------------------
CUSIP No. 784 12C10 Page 6 of 16 Pages
------------- ------------ -------
-------------------------------------- ----------------------------------------
------------ -----------------------------------------------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ -----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY ---------- -----------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,600
WITH
---------- -----------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------- -----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,600
------------ -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,600
------------ -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
------------ -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.40%
------------ -----------------------------------------------------------------------------------------------------------------------
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>
SCHEDULE 13D
<TABLE>
<CAPTION>
<S> <C>
-------------------------------------- ----------------------------------------
CUSIP No. 784 12C10 Page 7 of 16 Pages
------------- ------------ -------
-------------------------------------- ----------------------------------------
------------ -----------------------------------------------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------ -----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY ---------- -----------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 8,400
WITH
---------- -----------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------- -----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,400
------------ -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,400
------------ -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
------------ -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.30%
------------ -----------------------------------------------------------------------------------------------------------------------
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>
SCHEDULE 13D
<TABLE>
<CAPTION>
<S> <C>
-------------------------------------- ----------------------------------------
CUSIP No. 784 12C10 Page 8 of 16 Pages
------------- ------------ -------
-------------------------------------- ----------------------------------------
------------ -----------------------------------------------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
------------ -----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY ---------- -----------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 1,900
WITH
---------- -----------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------- -----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,900
------------ -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,900
------------ -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
------------ -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.30%
------------ -----------------------------------------------------------------------------------------------------------------------
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>
SCHEDULE 13D
<TABLE>
<CAPTION>
<S> <C>
-------------------------------------- ----------------------------------------
CUSIP No. 784 12C10 Page 9 of 16 Pages
------------- ------------ -------
-------------------------------------- ----------------------------------------
------------ -----------------------------------------------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
------------ -----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY ---------- -----------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 35,000
WITH
---------- -----------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
---------- -----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
35,000
------------ -----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,000
------------ -----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
------------ -----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.60%
------------ -----------------------------------------------------------------------------------------------------------------------
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>
This Amendment No. 4 to Schedule 13D relating to SFB Bancorp, Inc. (the
"Issuer") is being filed on behalf of the undersigned to amend the Schedule 13D
filed on 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 and
Amendment No. 3 to the Schedule 13D dated December 1, 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 of 16
<PAGE>
(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 $84,784, $39,951,
$247,082, $126,815 and $20,663, 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 622,995 shares of Common Stock outstanding, as
set forth in the Issuer's Quarterly Report on Form 10-QSB for the quarter ended
March 31, 2000, as of the close of business on June 7, 2000:
(i) MP beneficially owned 5,500 shares of Common Stock, constituting
approximately 0.9% of the shares outstanding.
(ii) MHF beneficially owned 2,600 shares of Common Stock, constituting
approximately 0.4% of the shares outstanding.
Page 11 of 16
<PAGE>
(iii) MPII beneficially owned 16,600 shares of Common Stock, constituting
approximately 2.7% of the shares outstanding.
(iv) MHFII beneficially owned 8,400 shares of Common Stock, constituting
approximately 1.3% of the shares outstanding.
(v) MO beneficially owned 1,900 shares of Common Stock, constituting
approximately 0.3% 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 5,500 shares owned by MP, the 2,600 shares owned by MHF, the 16,600
shares owned by MPII, the 8,400 shares owned by MHFII and the 1,900
shares owned by MO, or an aggregate of 35,000 shares of Common Stock,
constituting approximately 5.6% of the shares outstanding.
(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 5,500
shares owned by MP, the 2,600 shares owned by MHF, the 16,600 shares
owned by MPII and the 8,400 shares owned by MHFII, or an aggregate of
33,100 shares of Common Stock, constituting approximately 5.3% 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 5,500 shares owned by MP, the 2,600 shares
owned by MHF, the 16,600 shares owned by MPII, the 8,400 shares owned
by MHFII and the 1,900 shares owned by MO, or an aggregate of 35,000
shares of Common Stock, constituting approximately 5.6% of the shares
outstanding.
(viii) In the aggregate, the Reporting Persons beneficially own an aggregate
of 35,000 shares of Common Stock, constituting approximately 5.6% 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.
Page 12 of 16
<PAGE>
(c) During the sixty days prior to and including June 7, 2000, MP effected the
following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
04/05/00 Sold 500 $11.75
06/05/00 Sold 1,600 $11.00
06/07/00 Sold 1,600 $11.00
During the sixty days prior to and including June 7, 2000, MHF effected
the following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
04/05/00 Sold 200 $11.75
06/05/00 Sold 700 $11.00
06/07/00 Sold 700 $11.00
During the sixty days prior to and including June 7, 2000, MPII
effected the following transactions in the Common Stock in open market
transactions with brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
04/05/00 Sold 1,400 $11.75
06/05/00 Sold 4,700 $11.00
06/07/00 Sold 4,700 $11.00
During the sixty days prior to and including June 7, 2000, MHFII
effected the following transactions in the Common Stock in open market
transactions with brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
04/05/00 Sold 700 $11.75
06/05/00 Sold 2,400 $11.00
06/07/00 Sold 2,400 $11.00
Page 13 of 16
<PAGE>
During the sixty days prior to and including June 7, 2000, MO effected
the following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
04/05/00 Sold 200 $11.75
06/05/00 Sold 600 $11.00
06/07/00 Sold 600 $11.00
(d) Not applicable.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
Item 6 of the Schedule 13D is hereby amended in its entirety to read as
follows:
There are no contracts, arrangements, understandings or relationships
among the persons named in Item 2 or between such persons and any other person
with respect to any securities of the Issuer.
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>
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: June 13, 2000
<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
<PAGE>
EXHIBIT INDEX
Page
----
Exhibit 1 Written Agreement relating to the A-1
filing of joint acquisition statements
as required by Rule 13d-1(f)(1) of the
Securities and Exchange Commission
Page 16 of 16
