United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D/A
Under the Securities and Exchange Act of 1934
(Amendment No. 2)
Wilshire Financial Services Group Inc
(Name of Issuer)
Common Stock, Par Value $.01
Title of Class of Securities
971867205
(CUSIP Number)
Howard Amster, 23811 Chagrin Blvd., suite 200
Beachwood, OH 44122-5525 (216) 595-1047
Name, Address and Telephone Number of Person Authorized to receive
Notices and Communications)
12/26/2000
(Date of Event Which Requires Filing of this Statement)
If this filing person has previously filed a statement on Schedule 13G to
report this 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 / /.
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 to the subject
class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
This 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)
1 Name of Reporting Person HOWARD AMSTER
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship USA
Number of Shares 7 Sole Voting 1,362,100
8 Shared Voting 254,034
9 Sole Dispositive 1,362,100
10 Shared Dispositive 254,034
11 Aggregate Amount Beneficially owned 1,605,581
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 8.01 %
14 Type of Reporting Person IN
1 Name of Reporting Person Amster Trading Company
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship or Place of Organization USA
Number of Shares 7 Sole Voting
8 Shared Voting 254,034
9 Sole Dispositive
10 Shared Dispositive 254,034
11 Aggregate Amount Beneficially owned 254,034
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 1.27
%
14 Type of Reporting Person CO
1 Name of Reporting Person Ramat Securities Ltd
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship or Place of Organization USA
Number of shares 7 Sole Voting 243,481
8 Shared Voting
9 Sole Dispositive 243,481
10 Shared Dispositive
11 Aggregate Amount Beneficially owned 243,481
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 1.21 %
14 Type of Reporting Person BD
There are no changes to the Schedule 13D, Amendment No. 1,
except as set forth in this Amendment No. 2.
Item 3. Source and Amount of Funds or Other Consideration
Howard Amster, in his individual retirement accounts purchased
additional shares with personal funds without borrowing. The total
consideration for the purchases on this amendment is $ 118,509.74 bringing
Mr. Amster's total investment to $ 1,464,100.49.
Amster Trading Company purchased additional shares with working
capital without borrowing. The total consideration for the purchases
on this amendment is $ 86,732.52 bringing Amster Trading Company's
total investment to $ 261,232.52.
Ramat Securities Ltd purchased additional shares with working capital without
borrowing. The total consideration of the purchases on this amendment is
$ 82,907.94 bringing Ramat Securities Ltd's total investment to $ 246,310.29.
Item 4 Purpose of Transaction
Howard Amster, Amster Trading Company, and Ramat Securities Ltd
acquired shares for purposes of investment. They may be deemed to
be a group.
Howard Amster, Amster Trading Company, and Ramat Securities Ltd
might acquire additional shares or other securities of the issuer or
dispose of some or all of their shares depending upon market
conditions and their personal circumstances.
Item 5. Interest in Securities of the Issuer
(a)(b) The aggregate amount owned by the Reporting Persons is 1,859,615
shares or 9.28 % of the outstanding shares.
Howard Amster in his individual retirement accounts owns 1,362,100
shares or 6.8 % of the outstanding shares.
Amster Trading Company owns 254,034 shares or 1.27 %
of the outstanding shares.
Ramat Securities Ltd owns 243,481 shares or 1.21 % of the outstanding
shares.
c) Trades executed on the over-the-counter bulletin board
as an open market transaction.
i.
<TABLE> <CAPTION>
<S> <C> <C>
Identity Date Shares Price Executing broker
Howard Amster's 10/30/00 42,000 1.21875 Bear Stearns
Indiv. Retirement 11/03/00 8,500 1.2188 Bear Stearns
Accounts 11/08/00 2,600 1.25 Bear Stearns
11/09/00 22,200 1.1427 Bear Stearns
11/10/00 13,800 1.1875 Bear Stearns
11/29/00 10,000 1.07 Bear Stearns
Amster Trading 11/20/00 84,034 1.125 Bear Stearns
Company
Ramat Sec.Ltd. 11/07/00 500 1.2187 Bear Stearns
12/26/00 52,281 1.0625 Friedman Billings
12/27/00 10,000 1.07 Bear Stearns
12/28/00 15,000 1.07 Bear Stearns
</TABLE>
Signature After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in
this statement is true, complete and correct.
Date: 1/02/01
Howard Amster
Amster Trading Company
Ramat Securities Ltd
