AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 14, 2000.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )
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Kankakee Bancorp, Inc.
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(Name of Issuer)
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Common Stock $.01 Par Value
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(Title of Class of Securities)
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484243-10-0
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(CUSIP Number)
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James F. Dierberg
135 N. Meramec, Clayton, MO 63105
(314) 854-4600
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
June 1, 2000
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(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 |_|.
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.
*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>
SCHEDULE 13D
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CUSIP NO. 484243-10-0 Page 2 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
INVESTORS OF AMERICA, LIMITED PARTNERSHIP
(formerly Dierberg Four, L.P.)
43-1521079
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OFA GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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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
NEVADA
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NUMBER OF 7 SOLE VOTING POWER
SHARES 140,000
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
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EACH 9 SOLE DISPOSITIVE POWER
140,000
REPORTING
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PERSON 10 SHARED DISPOSITIVE POWER
WITH NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
140,000
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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)
11.4%
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14 TYPE OF REPORTING PERSON
IV, PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
Item 1. Security and Issuer
The statement on Schedule 13D filed by the reporting person on
January 21, 1993, and amended on June 20, 1994, relating to the Common Stock,
par value $0.01 per share (the "Common Stock"), issued by Kankakee Bancorp
("Bancorp"), whose principal executive offices are located at 310 S. Schuyler
Avenue, Kankakee, Illinois 60901, is hereby amended as follows:
Item 2. Identity and Background
This statement is filed by Investors of America, Limited
Partnership (formerly Dierberg Four, L.P), a Nevada limited partnership
("Investors"). The general partner of Investors is First Securities America,
Inc., a Missouri corporation ("First Securities"). James F. Dierberg is the
controlling shareholder of First Securities. The directors and officers of First
Securities are James F. Dierberg (President and Director) and Mary W. Dierberg
(Secretary, Treasurer and Director).
The information required by Item 2 with respect to each of the
above named persons is attached to this statement as Exhibits 2A through 2D, and
is incorporated herein by this reference.
The information disclosed in Exhibits 2A through 2D is
included pursuant to General Instruction C to Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
Not applicable. This amended statement is being filed by
Investors to report the disposition of 25,000 shares of Common Stock of
Kankakee.
Item 4. Purpose of Transaction
The shares of Common Stock covered by this statement have been
held for investment purposes. Investors has the following plans with respect to
the Common Stock:
(a) Investors intends to continually assess the market for the
Common Stock. Investors or an affiliate may purchase additional shares of the
Common Stock or dispose of such shares from time to time depending on such
continuing assessment and upon future developments, including the then market
price of such shares.
(b-j) None.
<PAGE>
Item 5. Interest in Securities of the Issuer
(a) The aggregate percentage of shares of Common Stock
reported owned by the reporting person is based upon 1,225,583 shares
outstanding at May 11, 2000, as indicated in the 10Q for the quarter ending
March 31, 2000. As of the close of business on June 13, 2000, Investors
beneficially owned 140,000 shares, or approximately 11.42% of such number of
shares of Common Stock.
(b) Investors beneficially owns 140,000 shares of the Common
Stock and has the sole power to vote and dispose of such shares.
(c) All transactions in the shares of Common Stock effected by
Investors during the past sixty days are described in Exhibit 5(c) attached
hereto. All such shares were sold through a broker/dealer.
(d-e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Investors is under the control of James F. Dierberg. See Item 2. above.
James F. Dierberg and Mary W. Dierberg are husband and wife.
Item 7. Material to Be Filed as Exhibits
Exhibit 5(c) - Transactions in the Common Stock effected
during the past sixty days.
<PAGE>
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.
INVESTORS OF AMERICA, LIMITED PARTNERSHIP
By: /s/James F. Dierberg
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James F. Dierberg, President of
First Securities America, Inc.,
General Partner
Date: June 14, 2000
<PAGE>
EXHIBIT INDEX
Exhibit No. Page No.
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Exhibit 2A 7
Exhibit 2B 8
Exhibit 2C 9
Exhibit 2D 10
Exhibit 5(c) 11
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Exhibit 2A
INVESTORS OF AMERICA, LIMITED PARTNERSHIP
State or Other Place of Organization: Nevada
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Principal Business: Investment in real estate
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and stocks
Address of Principal Business: 39 Glen Eagles Drive
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St. Louis, Missouri 63124
Address of Principal Office: 39 Glen Eagles Drive
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St. Louis, Missouri 63124
Criminal Proceedings During Last 5 Years: None
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Civil Proceedings During Last 5 Years: None
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<PAGE>
Exhibit 2B
FIRST SECURITIES AMERICA, INC. (General Partner of Investors of America, Limited
Partnership)
State or Other Place of Organization: Missouri
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Principal Business: Insurance and investments
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Address of Principal Business: 135 North Meramec,
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Clayton, Missouri 63105
Address of Principal Office: 135 North Meramec,
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Clayton, Missouri 63105
Criminal Proceedings During Last 5 Years: None
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Civil Proceedings During Last 5 Years: None
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<PAGE>
Exhibit 2C
JAMES F. DIERBERG (Director, President and controlling shareholder of First
Securities America, Inc.)
Residence or Business Address: 39 Glen Eagles Drive
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St. Louis, Missouri 63124
Principal Occupation or Employment: Financial services
Name of Employer: First Banks, Inc.
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Principal Business: Bank holding company
Address: 135 North Meramec,
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Clayton, Missouri 63105
Criminal Proceedings During Last 5 Years: None
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Civil Proceedings During Last 5 Years: None
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Citizenship: U.S.A.
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<PAGE>
Exhibit 2D
MARY W. DIERBERG (Director, Secretary and Treasurer of First Securities America,
Inc.)
Residence or Business Address: 39 Glen Eagles Drive
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St. Louis, Missouri 63124
Principal Occupation or Employment: Housewife
Criminal Proceedings During Last 5 Years: None
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Civil Proceedings During Last 5 Years: None
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Citizenship: U.S.A.
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<PAGE>
Exhibit 5(c)
INVESTORS OF AMERICA, LIMITED PARTNERSHIP
(Transactions Effected Within Past 60 Days)
Identity of Number of Price per
Seller Date of Sale Shares Sold Share
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Investors of America, June 1, 2000 25,000 $19.5625
Limited Partnership
