<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
UNDER THE EXCHANGE ACT OF 1934
(Amendment No. 4)
FIRST STATE BANCORPORATION
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- -------------------------------------------------------------------------------
(Title of Class of Securities)
336453105
-------------------------------------------------------------------------------
(CUSIP Number)
Richard J. Perry, Jr., Esquire
Perry & Bagheri, P.C.
1826 Jefferson Place, N.W.
Washington, D. C. 20036
(202) 775-8109
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 25, 2000
-------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of 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 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).
Page 1 of 17 Pages Exhibit Index at page 16
<PAGE> 2
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 336453105
- -------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE
PERSON
Financial Institution Partners II, L.P. / 36-4131559
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
- -------------------------------------------------------------------------------
3. SEC Use Only
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC OO
- -------------------------------------------------------------------------------
5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d)
AND 2(e)
NO
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 8. SHARED VOTING POWER
PERSON WITH
286,515 SHARES
----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
286,515 SHARES
----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
286,515 SHARES
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES.
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11
5.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
</TABLE>
Page 2 of 17 Pages
<PAGE> 3
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 336453105
- -------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE
PERSON
Hovde Capital, L.L.C. / 91-1825712
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
- -------------------------------------------------------------------------------
3. SEC Use Only
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- -------------------------------------------------------------------------------
5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d)
AND 2(e)
NO
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Nevada
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 8. SHARED VOTING POWER
PERSON WITH
286,515 SHARES
----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
286,515 SHARES
----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
286,515 SHARES
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES.
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11
5.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
</TABLE>
Page 3 of 17 Pages
<PAGE> 4
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 336453105
- -------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE
PERSON
Hovde Acquisition, L.L.C. / 36-4009243
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
- -------------------------------------------------------------------------------
3. SEC Use Only
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC OO
- -------------------------------------------------------------------------------
5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d)
AND 2(e)
NO
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Illinois
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
OWNED BY 184,950 SHARES
EACH ----------------------------------------------------------------
REPORTING 8. SHARED VOTING POWER
PERSON WITH
----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
184,950 SHARES
----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
184,950 SHARES
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES.
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11
3.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
</TABLE>
Page 4 of 17 Pages
<PAGE> 5
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 336453105
- -------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE
PERSON
Eric D. Hovde / ###-##-####
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
- -------------------------------------------------------------------------------
3. SEC Use Only
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- -------------------------------------------------------------------------------
5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d)
AND 2(e)
NO
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORIGIN
USA
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 8. SHARED VOTING POWER
PERSON WITH (1)
471,465 SHARES
----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
471,465 SHARES
----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
471,465 SHARES
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES.
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11
9.6%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
(1) Of the 471,465 Shares beneficially owned by Eric D. Hovde, 286,515 of the
Shares beneficially owned are as managing member of Hovde Capital, L.L.C. and
184,950 of the Shares beneficially owned are as managing member of Hovde
Acquisition, L.L.C.
</TABLE>
Page 5 of 17 Pages
<PAGE> 6
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
CUSIP NUMBER 336453105
- -------------------------------------------------------------------------------
<S> <C>
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE
PERSON
Steven D. Hovde / ###-##-####
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
- -------------------------------------------------------------------------------
3. SEC Use Only
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- -------------------------------------------------------------------------------
5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d)
AND 2(e)
NO
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORIGIN
USA
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 8. SHARED VOTING POWER
PERSON WITH (2)
471,465 SHARES
----------------------------------------------------------------
9. SOLE DISPOSITIVE POWER
----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
471,465 SHARES
----------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
471,465 SHARES
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES.
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11
9.6%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
(2) Of the 471,465 Shares beneficially owned by Steven D. Hovde, 286,515 of the
Shares beneficially owned are as managing member of Hovde Capital, L.L.C. and
184,950 of the Shares beneficially owned are as managing member of Hovde
Acquisition, L.L.C.
</TABLE>
Page 6 of 17 Pages
<PAGE> 7
Item 1. Security and Issuer
The class of security to which this statement relates is the common stock, no
par value (the "Shares"), of First State Bancorporation (the "Issuer"). The
address of the principal executive offices of the Issuer is 7900 Jefferson NE,
Albuquerque, NM 87109.
Item 2. Identity and Background
The persons filing this statement are Financial Institution Partners II,
L.P. (the "Limited Partnership"), Hovde Capital, L.L.C., Hovde Acquisition,
L.L.C., Eric D. Hovde, and Steven D. Hovde who are collectively referred to
herein as the "Reporting Persons." The Limited Partnership is a Delaware
limited partnership formed for the purpose of investing in, among other things,
the equity securities of various financial institutions and financial services
companies. Hovde Capital, L.L.C., a Nevada limited liability company, is the
general partner (the "General Partner") of the Limited Partnership. Hovde
Acquisition, L.L.C. is an Illinois limited liability company formed for the
purpose of investing in, among other things, the equity securities of various
financial institutions. Both Eric D. Hovde and Steven D. Hovde are managing
members of Hovde Capital, L.L.C. and Hovde Acquisition, L.L.C.
Eric D. Hovde and Steven D. Hovde each hold beneficial interests in the
Shares through ownership of an interest in, and positions as members and
officers of the General Partner and Hovde Acquisition, L.L.C. Eric D. Hovde and
Steven D. Hovde are also directors and executive officers of Hovde Financial,
Inc. ("Hovde Financial"). Hovde Financial does not beneficially own any of the
Shares.
Attached as Schedule 1 hereto and incorporated by reference herein is a
list containing the principal business and the address of its principal business
and office for the Limited Partnership, the General Partner and Hovde
Acquisition, L.L.C. as well as information required by (a) through (f) of this
Item as to each executive officer, director and/or controlling person of the
General Partner and Hovde Acquisition, L.L.C. who are Reporting Persons. The
General Partner controls the Limited Partnership.
None of the Reporting Persons or executive officers, directors or
controlling persons of the General Partner or Hovde Acquisition, L.L.C. have,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or 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 of any violation with
respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Information regarding the source and amount of funds used by the Reporting
Persons in acquiring beneficial ownership of their Shares is set forth in
Schedule 2 attached hereto and incorporated herein by reference.
Item 4. Purpose of Transaction
The Reporting Persons have acquired the Shares for investment purposes and
as set forth below:
(a) Each of the Reporting Persons may independently acquire additional
Shares or dispose of some or all of its Shares.
(b) None.
Page 7 of 17 Pages
<PAGE> 8
(c) None.
(d) None.
(e) None.
(f) None.
(g) None.
(h) None.
(i) None.
(j) None.
Item 5. Interest in Securities of the Issuer
(a), (b) Schedule 3 hereto, which is incorporated by reference herein,
sets forth, as of January 27, 2000, information relating to the aggregate number
of Shares of the Issuer and the percentage of the outstanding Shares of the
Issuer as of such date (based upon information provided by the Issuer, there are
4,919,988 Shares outstanding as of that date) as to each of the Reporting
Persons. With respect to the Shares set forth on Schedule 3, by virtue of its
control over the Limited Partnership, all decisions regarding voting and
disposition of the Shares beneficially owned by the Limited Partnership are made
by the General Partner acting through its chief executive officer or president.
As such, the Limited Partnership and the General Partner share voting and
investment power with respect to the Shares. Therefore, as a result of their
ownership interest in, and positions as members and officers of the General
Partner and Hovde Acquisition, L.L.C., Eric D. Hovde and Steven D. Hovde may be
deemed to have beneficial ownership of the Shares. Neither the General Partner,
its executive officers or controlling persons beneficially owns any Shares
personally or otherwise, except for the Shares beneficially owned by Eric D.
Hovde, Steven D. Hovde and Hovde Acquisition, L.L.C.
(c) Schedule 4 hereto, which is incorporated by reference herein,
describes, as of January 28, 2000, transactions in the Shares effected during
the past sixty (60) days by the Reporting Persons.
(d) None.
(e) None.
Each of the Reporting Persons disclaims beneficial ownership of Shares
beneficially owned by any of the other Reporting Persons.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
None.
Item 7. Materials to be filed as Exhibits
Exhibit A - Consent Agreement pursuant to 17 C.F.R. 13d-1(f)(1)
Exhibit B - [OMITTED - - FILED PURSUANT TO REQUEST FOR CONFIDENTIAL
TREATMENT] (Incorporated by reference to Amendment No. 1, filed
with the Securities and Exchange Commission (the "Commission") on
December 1, 1998)
Page 8 of 17
<PAGE> 9
Exhibit C - Customer Agreement between Banc of America Securities LLC and
Financial Institution Partners II, L.P. (Incorporated by
reference to Amendment No. 1, filed with the Commission on
December 1, 1998)
Exhibit D - Prime Broker Agreement between Banc of America Securities LLC and
Financial Institution Partners II, L.P. (Incorporated by
reference to Amendment No. 1, filed with the Commission on
December 1, 1998)
Exhibit E - Partnership Agreement between Banc of America Securities LLC and
Financial Institution Partners II, L.P. (Incorporated by
reference to Amendment No. 1, filed with the Commission on
December 1, 1998)
Exhibit F - Customer Agreement between Banc of America Securities LLC and
Hovde Acquisition, L.L.C. (Incorporated by reference to Amendment
No. 1, filed with the Commission on March 3, 1999)
Exhibit G - Prime Broker Agreement between Banc of America Securities LLC and
Hovde Acquisition, L.L.C. (Incorporated by reference to Amendment
No. 1, filed with the Commission on March 3, 1999)
Exhibit H - Limited liability Company Agreement between Banc of America
Securities LLC and Hovde Acquisition, L.L.C. (Incorporated by
reference to Amendment No. 1, filed with the Commission on March
3, 1999)
Page 9 of 17
<PAGE> 10
Signatures
After reasonable inquiry and to the best of his/its knowledge and belief,
each of the undersigned Reporting Persons certifies that the information set
forth in this statement with respect to him/it is true, complete and correct.
FINANCIAL INSTITUTION PARTNERS II, L.P., by its General
Partner, HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
----------------------------------------------
Eric D. Hovde
Its: Managing Member
HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
----------------------------------------------
Eric D. Hovde
Its: Managing Member
HOVDE ACQUISITION, L.L.C.
By: /s/ Eric D. Hovde
----------------------------------------------
Eric D. Hovde
Its: Managing Member
ERIC D. HOVDE
/s/ Eric D. Hovde
----------------------------------------------
STEVEN D. HOVDE
/s/ Steven D. Hovde
----------------------------------------------
Dated: 1/28/00
Page 10 of 17
<PAGE> 11
Schedule 1
INFORMATION RELATING TO REPORTING PERSONS
<TABLE>
<CAPTION>
Principal Business and
Address of Principal Business
Name or Principal Office
- ---- ------------------------------
<S> <C>
Financial Institution Limited partnership formed to
Partners II, L.P. make investments primarily in equity
securities of financial institutions and
financial services companies.
1824 Jefferson Place, N.W.
Washington, D.C. 20036
Organized: State of Delaware
Hovde Capital, L.L.C. Limited liability company formed to serve as
the general partner of Financial Institution
Partners II, L.P.
1824 Jefferson Place, N.W.
Washington, D.C. 20036
Organized: State of Nevada
Hovde Acquisition, L.L.C. Limited liability company formed to make
investments primarily in equity securities of
financial institutions.
1824 Jefferson Place, N.W.
Washington, D.C. 20036
Organized: State of Illinois
Eric D. Hovde Investment banker
Hovde Financial, Inc.
1826 Jefferson Place, N.W.
Washington, D.C. 20036
Steven D. Hovde Investment banker
Hovde Financial, Inc.
1629 Colonial Parkway
Inverness, Illinois 60067
</TABLE>
Page 11 of 17
<PAGE> 12
INFORMATION RELATING TO EXECUTIVE OFFICERS, DIRECTORS AND/OR CONTROLLING
PERSONS
<TABLE>
<CAPTION>
NAME PRINCIPAL OCCUPATION
ADDRESS BUSINESS ADDRESS CITIZENSHIP
- ------- -------------------- -----------
<S> <C> <C>
Steven D. Hovde(3) Investment banker U.S.
1629 Colonial Parkway Hovde Financial, Inc.
Inverness, Illinois 60067 1629 Colonial Parkway
Inverness, Illinois 60067
Investment banking firm
Eric D. Hovde (4) Investment banker U.S.
1826 Jefferson Place, N.W. Hovde Financial, Inc.
Washington, D.C. 20036 1826 Jefferson Place, N.W.
Washington, D.C. 20036
Investment banking firm
</TABLE>
- -------------------------------------------------------------------------------
(3) Steven D. Hovde is affiliated with the following Reporting Persons:
President, Treasurer of Hovde Capital, L.L.C.; Executive Vice President,
Treasurer of Hovde Acquisition, L.L.C.
(4) Eric D. Hovde is affiliated with the following Reporting Persons: Chairman
and CEO of Hovde Capital, L.L.C.; President, Assistant Treasurer of Hovde
Acquisition, L.L.C.
Page 12 of 17
<PAGE> 13
SCHEDULE 2
The following table sets forth the amount and source of funds used by each
Reporting Person in acquiring the Shares beneficially owned by it.
<TABLE>
<CAPTION>
Amount
Originally
Total Financed/ Source of
Name Consideration Current Balance Funds
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
Financial $4,226,070.51 $2,113,035.26/ Working Capital/
Institution $2,113,035.26 Margin Account(5)
Partners II, L.P.
Hovde Capital, $4,226,070.51 $2,113,035.26/ Working Capital/
L.L.C. $2,113,035.26 Margin Account of
Affiliate(5)
Hovde $2,391,798.57 $1,195,899.29/ Working Capital/
Acquisition, L.L.C. $1,195,899.29 Margin Account (6)
</TABLE>
- -----------------------------------------------------
(5) $2,113,035.26 was financed through a margin account with Banc of America
Securities LLC at Federal Funds rate +5/8.
(6) $1,195,899.29 was financed through a margin account with Banc of America
Securities LLC at Federal Funds rate +5/8.
Page 13 of 17
<PAGE> 14
SCHEDULE 3
The following table sets forth the number and approximate percentage of
Shares beneficially owned by each of the Reporting Persons. Each of the
Reporting Persons has shared power to vote or to direct the vote and to dispose
or to direct the disposition of the Shares of which each of them, respectively,
possesses beneficial ownership.
<TABLE>
<CAPTION>
Approximate
Name Number of Shares Percentage
- ---- ---------------- -----------
<S> <C> <C>
Financial Institution 286,515 5.8%
Partners II, L.P.
Hovde Capital, L.L.C. 286,515 5.8%
Hovde Acquisition, L.L.C. 184,950 3.8%
Eric D. Hovde 471,465 9.6%
Steven D. Hovde 471,465 9.6%
- -------------------------------------------------------------------------------
Aggregate Shares Held by 471,465 9.6%
Reporting Persons
</TABLE>
Page 14 of 17
<PAGE> 15
SCHEDULE 4
Description of Transactions in Shares Effected Within 60 Days.
The Reporting Persons had effected the following transactions in the Shares
within sixty (60) days of January 28, 2000:
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
Transaction Number of Transaction Transaction Broker
Date Shares Price Type
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------
Hovde 1/25/00 5,000 $13.00 Buy Knight
Acquisition,
L.L.C. 1/14/00 5,000 $13.5625 Buy Knight
1/13/00 500 $13.0625 Buy Knight
1/12/00 2,500 $13.00 Buy Knight
1/11/00 5,000 $13.0625 Buy Knight
1/06/00 5,000 $13.3125 Buy Knight
1/05/00 8,500 $13.25 Buy Knight
12/28/99 1,200 $13.1875 Buy Knight
12/22/99 2,000 $13.5625 Buy Knight
12/21/99 3,000 $13.75 Buy Knight
12/15/99 1,000 $13.625 Buy Knight
12/14/99 1,500 $13.6875 Buy Knight
12/13/99 2,800 $13.75 Buy Knight
12/09/99 5,000 $13.6875 Buy Knight
12/08/99 1,000 $13.875 Buy Knight
11/30/99 5,000 $14.0625 Buy Knight
Page 15 of 17
<PAGE> 16
EXHIBIT INDEX
</TABLE>
<TABLE>
<CAPTION>
Page
<S> <C> <C>
Exhibit A- Consent Agreement to 17 C.F.R. 13d-1(f)(1) 17
Exhibit B - [OMITTED - - FILED PURSUANT TO REQUEST FOR
CONFIDENTIAL TREATMENT] (Incorporated by
Reference to Amendment No. 1, filed with the
Commission on December 1, 1998) (7)
Exhibit C - Customer Agreement between Banc of America
Securities LLC and Financial Institution
Partners II, L.P. (Incorporated by
Reference to Amendment No. 1, filed with the
Commission on December 1, 1998)
Exhibit D - Prime Broker Agreement between Banc of America
Securities LLC and Financial Institution
Partners II, L.P. (Incorporated by
Reference to Amendment No. 1, filed with the
Commission on December 1, 1998)
Exhibit E - Partnership Agreement between Banc of America
Securities LLC and Financial Institution
Partners II, L.P. (Incorporated by
Reference to Amendment No. 1, filed with the
Commission on December 1, 1998)
Exhibit F - Customer Agreement between Banc of America
Securities LLC and Hovde Acquisition, L.L.C.
(Incorporated by Reference to Amendment
No. 1, filed with the Commission on March 3,
1999)
Exhibit G - Prime Broker Agreement between Banc of America
Securities LLC and Hovde Acquisition, L.L.C.
(Incorporated by Reference to Amendment No. 1,
filed with the Commission on March 3, 1999)
Exhibit H - Limited Liability Agreement between Banc of
America Securities LLC and Hovde Acquisition,
L.L.C. (Incorporated by Reference to Amendment
No. 1, filed with the Commission on March 3, 1999)
</TABLE>
- ------------------------------------------
(7) Portions of Exhibit B have been omitted pursuant to a request for
confidential treatment of information in accordance with Rule 24b-2 of the
Securities and Exchange Act of 1934.
Page 16 of 17
<PAGE> 17
EXHIBIT A
Consent Agreement Pursuant to 17 C.F.R. 13d-1(f)(1)
Each of the undersigned hereby consents and agrees to the filing on behalf
of each of them of the foregoing joint statement on Schedule 13D pursuant to 17
C.F.R. 13d-1(f)(1) with respect to his/its beneficial ownership of the shares of
the Issuer.
FINANCIAL INSTITUTION PARTNERS II, L.P., by its General
Partner, HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Managing Member
HOVDE CAPITAL, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Managing Member
HOVDE ACQUISITION, L.L.C.
By: /s/ Eric D. Hovde
-------------------------------------------------
Eric D. Hovde
Its: Managing Member
ERIC D. HOVDE
/s/ Eric D. Hovde
-------------------------------------------------
STEVEN D. HOVDE
/s/ Steven D. Hovde
-------------------------------------------------
Dated: 1/28/00
Page 17 of 17
