UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: SANDLER O'NEIL ASSET
Address: MANAGEMENT, LLC
13 File Number: 28-7148
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form
Person Signing this Report on Behalf of Reporting Manager:
Name: TERRY MALTESE
Title:
Phone:
Signature, Place and Date of Signing:
TERRY MALTESE November 12, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 83
Form 13F Information Table Value Total: 97456
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D 1ST STATE BANCORP INC COMMON STOCK 33645S100 1462 75000 SH SOLE 75000 0 0
D ADVANCE FINL BANCORP COM COMMON STOCK 007437106 1053 87800 SH SOLE 87800 0 0
D ADVANTA CORP USD.01 CL-B NONVT COMMON STOCK 007942204 2173 185000 SH SOLE 185000 0 0
D AMCORE FINL INC COM COMMON STOCK 023912108 515 25000 SH SOLE 25000 0 0
D AMCORE FINL INC COM OPTIONS - CALLS 0239120KD 206 10000 SH CALL SOLE 10000 0 0
D AMERUS LIFE HLDGS INC CL A COM COMMON STOCK 030732101 1038 49000 SH SOLE 49000 0 0
D AMSOUTH BANCOPORATION COM COMMON STOCK 032165102 539 23000 SH SOLE 23000 0 0
D AMSOUTH BANCOPORATION COM OPTIONS - CALLS 0321650JD 585 25000 SH CALL SOLE 25000 0 0
D ANNUITY AND LIFE RE HLDGS COMMON STOCK G03910109 808 32500 SH SOLE 32500 0 0
D ASTORIA FINL CORP COM COMMON STOCK 046265104 1383 45000 SH SOLE 45000 0 0
D BANK OF AMERICA CORP COM STK COMMON STOCK 060505104 1392 25000 SH SOLE 25000 0 0
D BANK OF AMERICA CORP COM STK OPTIONS - CALLS 0605053AH 835 15000 SH CALL SOLE 15000 0 0
D BANK ONE CORP COM COMMON STOCK 06423A103 1392 40000 SH SOLE 40000 0 0
D BANKBOSTON CORP COM COMMON STOCK 06605R106 650 15000 SH SOLE 15000 0 0
D BANKNORTH GROUP INC DEL COMMON STOCK 06646L100 624 20890 SH SOLE 20890 0 0
D BOSTON PRIVATE BANCORP INC COMMON STOCK 101119105 1519 170000 SH SOLE 170000 0 0
D CALIFORNIA FED BK A FED SVGS B COMMON STOCK 130209604 73 30000 SH SOLE 30000 0 0
D CAPITAL BANK CORP COMM COMMON STOCK 139793103 167 18600 SH SOLE 18600 0 0
D CHARTER ONE FINL INC COM COMMON STOCK 160903100 971 41998 SH SOLE 41998 0 0
D COAST FED LITIGATION CONTIGENT RIGHTS 19034Q110 56 55000 SH SOLE 55000 0 0
D COLONIAL BANCGROUP INC COM COMMON STOCK 195493309 279 25000 SH SOLE 25000 0 0
D COMERICA INC COM COMMON STOCK 200340107 3670 72500 SH SOLE 72500 0 0
D COMMERCIAL BK N Y COM COMMON STOCK 201462108 1880 160000 SH SOLE 160000 0 0
D COUNTRYWIDE CR INDS INC COM COMMON STOCK 222372104 1290 40000 SH SOLE 40000 0 0
D CRUSADER HOLDING CORP COM COMMON STOCK 228840104 666 65000 SH SOLE 65000 0 0
D DIME BANCORP INC NEW, COM COMMON STOCK 25429Q102 2187 125000 SH SOLE 125000 0 0
D ENHANCE FINL SVCS GROUP INC COMMON STOCK 293310108 795 45000 SH SOLE 45000 0 0
D FINANCIAL INSTITUTIONS INC COMMON STOCK 317585404 517 40000 SH SOLE 40000 0 0
D FIRST COMMUNITY FINL CORP/NC COMMON STOCK 31984M106 1625 100000 SH SOLE 100000 0 0
D FIRST KANSAS FINANCIAL CORP COMMON STOCK 320651102 1576 140100 SH SOLE 140100 0 0
D FIRST MIDWEST BANCORP INC DEL COMMON STOCK 320867104 553 14500 SH SOLE 14500 0 0
D FIRST REPUBLIC BANK COM COMMON STOCK 336158100 1555 58700 SH SOLE 58700 0 0
D FIRST TENN NATL CORP COM COMMON STOCK 337162101 1265 45000 SH SOLE 45000 0 0
D FIRST VIRGINIA BANKS INC COM OPTIONS - CALLS 3374770CI 435 10000 SH CALL SOLE 10000 0 0
D FIRSTCITY FINL CORP COM COMMON STOCK 33761X107 90 60000 SH SOLE 60000 0 0
D FLAGSTAR BANCORP INC COM COMMON STOCK 337930101 538 35000 SH SOLE 35000 0 0
D FLEET FINANCIAL GROUP INC USD OPTIONS - CALLS 338915JAG 457 12500 SH CALL SOLE 12500 0 0
D GOLDEN STATE BANCORP COM STK COMMON STOCK 381197102 1435 80000 SH SOLE 80000 0 0
D GOLDEN STATE BANCORP LITIG WT WARRANTS 381197136 118 100000 SH SOLE 100000 0 0
D HAWTHORNE FINL CORP COM COMMON STOCK 420542102 802 60000 SH SOLE 60000 0 0
D HIGH COUNTRY BANCORP INC COMMON STOCK 42965Q107 1480 118400 SH SOLE 118400 0 0
D HIGHLAND BANCORP INC COM STK N COMMON STOCK 429879109 4485 240000 SH SOLE 240000 0 0
D HUNTINGTON BANCSHARES INC OPTIONS - CALLS 4461500DX 265 10000 SH CALL SOLE 10000 0 0
D HUNTINGTON BANCSHARES INC OPTIONS - CALLS 4461500JF 265 10000 SH CALL SOLE 10000 0 0
D IMPERIAL BANCORP COM COMMON STOCK 452556103 743 35000 SH SOLE 35000 0 0
D INDEPENDENT BANK CORP MICH COMMON STOCK 453838104 2082 135999 SH SOLE 135999 0 0
D INTL AIRCRAFT INVESTORS COMMON STOCK 458860103 936 140000 SH SOLE 140000 0 0
D JEFFERSON PILOT CORP COM COMMON STOCK 475070108 631 10000 SH SOLE 10000 0 0
D LAKELAND FINL CORP COM COMMON STOCK 511656100 412 23000 SH SOLE 23000 0 0
D LINCOLN BANCORP COM STK COMMON STOCK 532879103 1187 100000 SH SOLE 100000 0 0
D LONG BEACH FIANACIAL CORP COM COMMON STOCK 542446109 714 45000 SH SOLE 45000 0 0
D MAHONING NATL BANCORP INC COMMON STOCK 560090102 1732 45000 SH SOLE 45000 0 0
D MEEMIC HOLDINGS INC COM STK COMMON STOCK 585135106 1023 65000 SH SOLE 65000 0 0
D MEGABANK FINANCIAL CORP COMMON STOCK 58515J104 100 10000 SH SOLE 10000 0 0
D MICROFINANCIAL INC COMMON STOCK 595072109 1087 100000 SH SOLE 100000 0 0
D MIIX GROUP INC COM STK COMMON STOCK 59862V104 508 30000 SH SOLE 30000 0 0
D NATIONAL CITY CORP COM COMMON STOCK 635405103 2268 85000 SH SOLE 85000 0 0
D NEWCOURT CREDIT GROU P INC CAD COMMON STOCK 650905102 1084 83000 SH SOLE 83000 0 0
D NORTH FORK BANCORPORATION COMMON STOCK 659424105 3997 205000 SH SOLE 205000 0 0
D PACIFIC CREST CAP INC COM COMMON STOCK 694166109 2036 162900 SH SOLE 162900 0 0
D PEOPLE'S BANCSHARES INC, MASS COMMON STOCK 709795108 1083 60000 SH SOLE 60000 0 0
D PEOPLE'S BANK BRIDGEPORT CONN COMMON STOCK 710198102 708 30000 SH SOLE 30000 0 0
D PREMIER NATIONAL BANCORP COMMON STOCK 74053F107 710 40900 SH SOLE 40900 0 0
D PROGRESS FINL CORP COM COMMON STOCK 743266108 620 47250 SH SOLE 47250 0 0
D PROSPERITY BANCSHARES, INC COMMON STOCK 743606105 1164 77300 SH SOLE 77300 0 0
D PROVIDENT FIANANCIAL GROUP INC COMMON STOCK 743866105 2010 55000 SH SOLE 55000 0 0
D REPUBLIC SVGS FINL CORP COM COMMON STOCK 760758102 1172 135000 SH SOLE 135000 0 0
D RESOURCE AMER INC CL A COM NEW COMMON STOCK 761195205 557 75000 SH SOLE 75000 0 0
D RESOURCE BANCSHARES MTG GROUP COMMON STOCK 761197102 621 125000 SH SOLE 125000 0 0
D SKY FINL GROUP INC COM COMMON STOCK 83080P103 2349 99998 SH SOLE 99998 0 0
D SOUTHTRUST CORP COM OPTIONS - CALLS 8447300LH 502 14000 SH CALL SOLE 14000 0 0
D SOUTHWEST BANCORP INC OKLA COMMON STOCK 844767103 1740 80000 SH SOLE 80000 0 0
D ST PAUL BANCORP INC COM COMMON STOCK 792848103 2516 110000 SH SOLE 110000 0 0
D TEAM FINL INC COM STK COMMON STOCK 87815X109 810 80000 SH SOLE 80000 0 0
D TEXARKANA FIRST FINL CORP COM COMMON STOCK 881801104 2074 97600 SH SOLE 97600 0 0
D THISTLE GROUP HLDGS CO COMMON STOCK 88431E103 890 125000 SH SOLE 125000 0 0
D TROY FINANCIAL CORP COMMON STOCK 897329108 843 78000 SH SOLE 78000 0 0
D U.S. BANCORP COM COMMON STOCK 902973106 905 30000 SH SOLE 30000 0 0
D UCBH HOLDINGS INC COM COMMON STOCK 90262T308 1971 108000 SH SOLE 108000 0 0
D UNITED COMMUNITY FINANCIAL COMMON STOCK 909839102 1077 78000 SH SOLE 78000 0 0
D WESTERN BANCORP COM COMMON STOCK 957683105 579 15000 SH SOLE 15000 0 0
D WILLIS LEASE FINANCE CORP COM COMMON STOCK 970646105 1120 85000 SH SOLE 85000 0 0
D WSFS FINL CORP COM COMMON STOCK 929328102 5226 370000 SH SOLE 370000 0 0
S REPORT SUMMARY 83 DATA RECORDS 97456 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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