<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
-----------
CAPITAL BANCORP
---------------------------------------------------------------
(Name of Issuer)
$1.00 par value Common Stock
---------------------------------------------------------------
(Title of Class of Securities)
139734107
-------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement. [ ] (A fee
is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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 the
disclosures provided in a prior cover page.
The information required in 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 4 pages
<PAGE> 2
- ---------------------------- -------------------------
CUSIP NO. 139734107 13G PAGE 2 OF 5 PAGES
------------------ ---- ----
- ---------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ABEL HOLTZ
SS. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
0
SHARES ---------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY ---------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
677,077
REPORTING ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON
0
WITH
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
677,077
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.07%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
Page 2 of 4 pages
<PAGE> 3
<TABLE>
<CAPTION>
ITEM 1.
<S> <C> <C>
(a) Name of Issuer:CAPITAL BANCORP
(b) Address of Issuer's Principal Executive Offices: 1221 BRICKELL AVENUE, MIAMI, FL 33131
ITEM 2.
(a) Name of Person Filing: ABEL HOLTZ
(b) Address of Principal Business Office or, if none, Residence:
169 E. FLAGLER ST., SUITE 1627, MIAMI, FL 33131
(c) Citizenship: UNITED STATES OF AMERICA
(d) Title of Class of Securities: $1.00 PAR VALUE COMMON STOCK
(e) CUSIP Number: 139734107
</TABLE>
<TABLE>
<CAPTION>
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
<S> <C> <C>
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the act
(d) [ ] Investment Company registered under section 8 of the Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee
Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
</TABLE>
ITEM 4. OWNERSHIP
<TABLE>
<S> <C> <C> <C>
(a) Amount Beneficially Owned: 677,077*
----------------------------------------------
(b) Percent of Class: 9.07%
----------------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
-------------------------
(ii) shared power to vote or to direct the vote: 0
-------------------------
(iii) sole power to dispose or to direct the disposition of: 677,077
-----------------
(iv) shared power to dispose or to direct the disposition of: 0
-----------------
</TABLE>
* THIS AMOUNT DOES NOT INCLUDE ANY SHARES OF CAPITAL BANCORP COMMON
STOCK OWNED BY MEMBERS OF MR. HOLTZ'S FAMILY, INCLUDING FANA HOLTZ,
DANIEL HOLTZ AND JAVIER HOLTZ, AS MR. ABEL HOLTZ DOES NOT DIRECTLY OR
INDIRECTLY, THROUGH ANY CONTRACT, ARRANGEMENT, UNDERSTANDING,
RELATIONSHIP OR OTHERWISE HAVE OR SHARE VOTING POWER, INVESTMENT POWER
OR ANY OTHER RIGHTS WITH RESPECT TO SUCH SHARES.
MR. HOLTZ HAS GRANTED MR. LAWRENCE A. GORDICH AN IRREVOCABLE PROXY,
WHICH TRANSFERS TO MR. GORDICH THE SOLE RIGHT AND POWER TO VOTE 665,893
SHARES OF CAPITAL BANCORP COMMON STOCK BENEFICIALLY OWNED BY MR. HOLTZ.
PURSUANT TO SUCH IRREVOCABLE PROXY GRANTED TO MR. GORDICH, ON ANY
MATTER BROUGHT BEFORE THE SHAREHOLDERS OF CAPITAL BANCORP FOR A VOTE MR.
GORDICH IS REQUIRED TO VOTE SUCH 665,893 SHARES PROPORTIONATELY WITH ALL
OTHER OUTSTANDING SHARES OF CAPITAL BANCORP ON SUCH MATTER. IN
ADDITION, MR. HOLTZ IS DEEMED TO BENEFICIALLY OWN 11,184 SHARES WHICH
ARE SUBJECT TO STOCK OPTIONS THAT ARE EXERCISABLE WITHIN 60 DAYS. IN
THE EVENT THAT MR. HOLTZ EXERCISES HIS OPTION
Page 3 of 4 pages
<PAGE> 4
TO PURCHASE SUCH 11,184 SHARES OF CAPITAL BANCORP COMMON STOCK, MR.
HOLTZ WILL BE REQUIRED TO TRANSFER VOTING CONTROL OVER SUCH SHARES TO
A THIRD PARTY.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
NOT APPLICABLE
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
NOT APPLICABLE
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
NOT APPLICABLE
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
ITEM 10. CERTIFICATION
NOT APPLICABLE
SIGNATURE
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.
2/13/97
-------------------------------------
Date
/s/ ABEL HOLTZ
-------------------------------------
Signature
Abel Holtz
-------------------------------------
Name/Title
Page 4 of 4 pages
