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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
ANSON BANCORP, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
036389-10-4
---------------------------------------------
(CUSIP Number)
Warren A. Mackey
c/o CAI Advisors, Inc.
767 Fifth Avenue, 5th Floor
New York, New York 10153; (212) 319-2525
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 6, 1998
---------------------------------------------
(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Section 240.13d-7(b) 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).
This Document contains 6 Pages.
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CUSIP NO. 036389-10-4 SCHEDULE 13D PAGE 2 OF 6 PAGES
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<TABLE>
<S> <C> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warren A. Mackey
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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NUMBER OF 7 SOLE VOTING POWER
SHARES 36,100
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 36,100
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PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,100
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.2%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT
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SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
--------------------
This Statement relates to the shares of Common Stock, no par
value ("Shares"), of Anson Bancorp, Inc., a North Carolina
corporation (the "Issuer"). The address of the Issuer's
principal executive offices is 211 South Greene Street,
Wadesboro, North Carolina 28170.
ITEM 2. IDENTITY AND BACKGROUND.
------------------------
This Statement is filed on behalf of Warren A. Mackey (the
"Reporting Person"), an individual whose business address is
c/o CAI Advisors, Inc., 767 Fifth Avenue, 5th Floor, New York,
New York 10153.
The Reporting Person is the sole shareholder and sole director
of Arles Advisors Inc, a New York corporation, which is the
general partner of Arles Partners LP, a New York limited
partnership. The principal business of Arles Partners LP is
private investments. Arles Advisors Inc and Arles Partners LP
have the same business address as the Reporting Person. The
Shares indicated as owned by the Reporting Person were
purchased by Arles Partners LP. See Item 5.
During the last five years, the Reporting Person has not (i)
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) been a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was
or is 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. The Reporting Person is a
citizen of the United States.
NOTE: Nothing in this Statement shall be construed as a
statement or admission that the Reporting Person,
Arles Advisors Inc or Arles Partners LP, or any of
them, (i) are acting as a group in the acquisition,
disposition or holding of Shares; (ii) collectively
constitute a "person" within the meaning of Section
13(d)(3), of the Securities Exchange Act of 1934, as
amended (the "Act"); or (iii) for the purposes of
Section 13(d) of the Act, are the beneficial owners of
any Shares other than those Shares in which each
person is specifically identified in this Statement to
have a beneficial ownership.
Page 3 of 6 Pages
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
--------------------------------------------------
As of the date hereof, the Reporting Person has used
approximately $439,028 to acquire its Shares. The source of
the funds was the working capital and margin account of Arles
Partners LP. See Item 2 for a description of the relationship
between the Reporting Person and Arles Partners LP.
Arles Partners LP's margin transactions are with Bear Stearns
Securities Corp., on such firm's usual terms and conditions.
All or part of the Shares may be pledged with one or more
banking institutions or brokerage firms as collateral for
loans made by such bank(s) or brokerage firm(s) to Arles
Partners LP. Such loans bear interest at a rate based upon the
broker's call rate from time to time in effect plus one
percent (1%). Such indebtedness may be refinanced with other
banks or broker-dealers.
ITEM 4. PURPOSE OF TRANSACTION.
-----------------------
Arles Partners LP is a private investment partnership whose
focus includes investments in smaller financial institutions.
The Reporting Person, through his relationship with Arles
Partners LP (see Item 2), has acquired the Shares solely for
investment purposes although the Reporting Person may pursue
discussions with management to maximize long-term value for
shareholders.
The Reporting Person, through Arles Partners LP, may make
additional purchases of Shares in open market or privately
negotiated transactions. Any such purchases will depend upon
its evaluation of its investment, the amounts of Shares
available for purchase, Share prices and other relevant
circumstances. After the Reporting Person's review of its
investment in the Issuer, the Reporting Person may decide to
sell Shares. Any such purchases or sales of Shares will depend
upon the Reporting Person's continuing evaluation of the
Issuer's business, financial condition and prospects, the
actions of management and the Board of the Issuer, securities
market conditions, and other future developments.
Except as described in this Statement, the Reporting Person
does not have any present plans or proposals that relate to or
would result in: (i) the acquisition of additional securities
or the disposition of securities of the Issuer; (ii) an
extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of
its subsidiaries; (iii) a sale or transfer of a material
amount of assets of the Issuer or any of its subsidiaries;
(iv) any change in the present Board of Directors or
management of the Issuer, including any plans or proposals to
change the number or term of directors or to fill any existing
vacancies on the Board; (v) any material change in the present
capitalization or dividend policy of the Issuer; (vi) any
other material change in the Issuer's business or corporate
structure; (vii) changes in the
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Issuer's charter, bylaws or instruments corresponding thereto
or other actions which may impede the acquisition of control
of the Issuer by any person; (viii) causing a class of
securities of the Issuer to be delisted from a national
securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national
securities association; (ix) a class of equity securities of
the Issuer becoming eligible for termination of registration
pursuant to Section 12(g)(4) of the Act; or (x) any action
similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
---------------------------------
(i) SHARE OWNERSHIP. As of the date hereof, the Reporting
Person beneficially owns 36,100 Shares, or 6.2% of
the outstanding Shares. The percentage is based upon
the number of Shares indicated as outstanding in the
Issuer's Form 10-Q for the quarter ended March 31,
1998 (585,124).
(ii) RECENT TRANSACTIONS. The Reporting Person, through
Arles Partners LP, made the following purchases of
Shares in open market transactions in the
over-the-counter market.
<TABLE>
<CAPTION>
Purchase Price Per
Date Number of Shares Share
---- ---------------- -------------------
<S> <C> <C>
6/23/98 10,000 $12.250
6/29/98 5,000 12.250
6/29/98 5,000 12.125
7/7/98 5,000 12.250
7/8/98 1,600 12.125
8/6/98 9,500 12.000
</TABLE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
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None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
---------------------------------
None.
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SIGNATURE
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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 17, 1998
By: /s/ Warren A. Mackey
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Warren A. Mackey
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