UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
FIRST COASTAL CORPORATION
................................................................................
(Name of Issuer)
Common Stock, $1.00 par value
................................................................................
(Title of Class of Securities)
319699203000
. . . . . . . . . . . . . . . .
(CUSIP Number)
David M.W. Harvey
Everest Advisors, Inc.
200 Park Avenue, 21st Floor
New York, New York 10166
(212) 692-0234
. . . . . . . . . . . . . . . . .
(Name, Address, and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 24, 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
statement because of Rule 13d-1(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting 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.)
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.
CUSIP No. 319699203000 13D Page 2 of 8 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Everest Partners, L.P. (I.R.S. Identification #13-3749603)
- - ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - ------------------------------------------------------------------------------
3 SEC USE ONLY
- - ------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC (of Everest Partners, L.P.)
- - ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / /
- - ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Everest Partners, L.P. (organized under New York law)
- - ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 53,000*
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER -0-*
OWNED BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 53,000*
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER -0-*
- - ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: Everest Partners, L.P. is the sole owner of the 53,000
shares reported pursuant to this Schedule 13D*
- - ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- - -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.9%
- - -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
Everest Partners, L.P. PN
- - ------------------------------------------------------------------------------
* See Item 5 of this Schedule 13D. Everest Advisors, Inc. and David M.W.
Harvey disclaim direct and indirect beneficial ownership of the shares
reported pursuant to this Schedule 13D.
CUSIP No. 319699203000 13D Page 3 of 8 Pages
- - ----------------------- ----------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Everest Advisors, Inc (I.R.S. Identification #13-3743178)
- - ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - ------------------------------------------------------------------------------
3 SEC USE ONLY
- - ------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC (of Everest Partners, L.P.)
- - ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- - ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Everest Advisors, Inc. (organized under New York law)
- - ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 53,000*
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER -0-*
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 53,000*
REPORTING --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER -0-*
- - ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: Everest Partners, L.P. is the sole owner of the 53,000
shares reported pursuant to this Schedule 13D*. Everest Advisors,
Inc. disclaims beneficial ownership of the shares reported pursuant
to this Schedule 13D.
- - ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* /X/
- - ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0%
- - ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
Everest Advisors, Inc. CO
- - ------------------------------------------------------------------------------
* See Item 5 of this Schedule 13D. Everest Advisors, Inc. and David M.W.
Harvey disclaim direct and indirect beneficial ownership of the shares
reported pursuant to this Schedule 13D.
CUSIP No. 319699203000 13D Page 4 of 8 Pages
- - ----------------------- -----------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
David M.W. Harvey
- - ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- - ------------------------------------------------------------------------------
3 SEC USE ONLY
- - ------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC (of Everest Partners, L.P.)
- - ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- - ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
David M.W. Harvey U.S.A.
- - ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 53,000*
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER -0-*
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 53,000*
REPORTING --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER -0-*
- - ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: Everest Partners, L.P. is the sole owner of the 53,000
shares reported pursuant to this Schedule 13D*. Mr. David M.W.
Harvey disclaims beneficial ownership of the shares reported
pursuant to this Schedule 13D.
- - ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* /X/
- - ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0%
- - ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
David M.W. Harvey, L.P. PN
- - ------------------------------------------------------------------------------
* See Item 5 of this Schedule 13D. Everest Advisors, Inc. and David M.W.
Harvey disclaim direct and indirect beneficial ownership of the shares
reported pursuant to this Schedule 13D.
This Amendment No. 1 to Schedule 13D Statement is filed on
behalf of Everest Partners, L.P., Everest Advisors, Inc., and Mr.
David M.W. Harvey (the "Reporting Persons") for the purpose
of reporting that the Reporting Persons no longer beneficially
own in excess of five (5%) of the common stock, par value $1.00
per share (the "Stock"), of First Coastal Corporation, a bank
holding company chartered under Delaware law (the "Company").
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is amended as follows:
(b) To the best of the Reporting Persons' information and
belief, the Company has completed the offering and sale of
additional shares of its Stock, including the offering and sale of
additional shares of Stock through the exercise of certain rights
(the "Rights") distributed by the Company to its shareholders.
None of the Reporting Persons exercised any Rights, which
Rights have expired by their terms.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is amended as follows:
(a) According to information obtained from the
Company by the Reporting Persons, on July 24, 1996 the
Company's outstanding shares of Stock increased to
1,357,861 as a result of the sale of additional shares of
Stock pursuant to the offering described in the original
Schedule 13D of the Reporting Persons. Accordingly,
the 53,000 shares beneficially owned or deemed to be
beneficially owned by the Reporting Persons represent
approximately 3.9% of the outstanding shares of Stock
of the Company.
(e) The Reporting Persons ceased to be the beneficial
owner of more than five percent of the Stock as of
July 24, 1996.
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.
EVEREST PARTNERS, L.P.
By: Everest Advisors, Inc.
a New York corporation
its General Partner
By: David M.W. Harvey
President and Secretary
/s/ DAVID M.W. HARVEY
---------------------
Dated: July 29, 1996
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.
EVEREST ADVISORS, INC.
By: David M.W. Harvey
President and Secretary
/s/ DAVID M.W. HARVEY
---------------------
Dated: July 29, 1996
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.
/s/ DAVID M.W. HARVEY
---------------------
David M.W. Harvey
Dated: July 29, 1996
