UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(AMENDMENT NO. 4)
CBC Bancorp, Inc.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
031578 10 7
(CUSIP Number)
Randolph W. Lenz With copies to:
c/o Equity Merchant Banking Corp. Thomas S. Gallagher, Esq.
2419 E. Commercial Blvd.,Suite 304 66 Larchmont Avenue
Fort Lauderdale, Florida 33308 Larchmont, New York 10538
(954) 202-9998 (914)834-2867
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
December 31, 1996
(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 o.
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 4 pages
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CUSIP NO. 031578 10 7 SCHEDULE 13D/A
Page 2 of 4 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Randolph W. Lenz
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
/ /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,813,507
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH
1,813,507
10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,813,507
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
/ /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
90% of the Common Stock outstanding as of the date hereof.
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
CBC Bancorp, Inc.
Schedule 13D/A
ITEM 1 SECURITY AND ISSUER.
This Statement relates to shares of common stock, par value
$0.01 per share ("Common Stock")of CBC Bancorp, Inc. (formerly
Amity Bancorp, Inc.)(the "Company") and certain securities of the
Company convertible into, or exchangeable into, shares of Common
Stock. The address of the Company's principal executive offices
prior to its liquidation in November 1997 is 612 Bedford Street,
Stamford, CT 06901.
ITEM 2. IDENTITY AND BACKGROUND.
(a) - (c) This Statement is being filed by Randolph W. Lenz
("Reporting Person" or "Mr. Lenz"). Mr. Lenz is a citizen of the
United States. The business and office address of the Reporting
Person is 2419 East Commercial Boulevard, Suite 304, Fort
Lauderdale, Florida 33308.
(d) - (e) During the last five years, the Reporting Person
has not (i) been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) nor has he (ii) been
a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction which resulted in 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) Not applicable.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On December 31, 1996, Mr. Lenz agreed to increase the
guaranteed threshold for the amount of sales proceeds to be
retained by CBC Bancorp, Inc. (the "Company") in connection
with the liquidation of the $1.7 million of marketable securities
exchanged for shares of the Company's Series III Convertible
Preferred Stock. The company issued 69 additional shares of
Series III Preferred Stock. In addition, Mr. Lenz received as
of December 31, 1996, 35 additional shares of Series III
Preferred in lieu of the Company's payment of dividends on the
Series III Preferred Stock outstanding. The Series III Preferred
Stock are convertible into shares of Common Stock, preferred stock
or other capital instrument of the Company or the Bank with a fair
market value equal to the stated value of the shares (i.e., $10,000
per share). At the time of Mr. Lenz's acquisition of the additional
shares of Series III Preferred Stock he did not have any intention
of converting the shares of Series III Preferred Stock into shares
of Company Common Stock. The shares of Series III Preferred Stock
were purchased with Mr. Lenz's personal funds.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Mr. Lenz owns 1,813,507 shares of Common Stock of
Bancorp, or 90 %, of the total number of shares of Common Stock
outstanding. The number of shares does not include the conversion
of the Convertible Capital Notes, or the Series I or III Preferred
Stock or the exercise of the contingent Warrant.
(b) Mr. Lenz has the sole power to vote and dispose of
the shares of Common Stock and the convertible securities that he owns.
(c) See Response to Item 3.
(d) None.
(e) Not applicable.
Page 3 of 4 pages
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CBC Bancorp, Inc.
Schedule 13D/A
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE COMPANY.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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.
Dated: August 14, 1998 By: /s/Randolph W. Lenz
_______________________________
RANDOLPH W. LENZ
By: /s/Thomas S. Gallagher, Esq.
________________________________
By: Thomas S. Gallagher, Esq.
Attorney-in-Fact
Pursuant to Power of Attorney,
dated August 13, 1998
(attached as Exhibit A to Mr. Lenz's
Schedule 13D Amendment No. 1 for
Terex Corporation, dated August 14,
1998.
Page 4 of 4 Pages
