<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13D
UNDER THE EXCHANGE ACT OF 1934
(Amendment No. 3 )
-------
AVONDALE FINANCIAL CORP.
------------------------
(Name of Issuer)
COMMON STOCK
------------
(Title and Class of Securities)
054341102
---------
(CUSIP Number)
Richard J. Perry, Jr., Esquire
Perry & Associates, 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)
February 16, 1999
-----------------
(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.)
Page 1 of 16 Pages Exhibit Index at page 15
<PAGE> 2
<TABLE>
<CAPTION>
<S> <C>
- -------------------------------------------------------------------------------------------------------------------------------
CUSIP NUMBER 054341102 PAGE 2 OF 16 PAGES
-------- -----------
- -------------------------------------------------------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Financial Institution Partners, L.P. / 52-1899611
- -------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- -------------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
WC OO
- -------------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Organized: State of Delaware
- -------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY -----------------------------------------------------------------------------------------------------------
EACH 7. SHARED VOTING POWER
REPORTING
PERSON WITH 264,338 SHARES
-----------------------------------------------------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
-----------------------------------------------------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
264,338 SHARES
- -------------------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10. 264,338 SHARES
- -------------------------------------------------------------------------------------------------------------------------------
DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
11. NO
- -------------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
12. 9.3%
- -------------------------------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
13. PN
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 16 Pages
<PAGE> 3
<TABLE>
<CAPTION>
<S> <C>
- ------------------------------------------------------------------------------------------------------------------------------
CUSIP NUMBER 054341102 PAGE 3 OF 16 PAGES
-------- ----------
- ------------------------------------------------------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON
Hovde Capital, Inc. / 52-1891904
- ------------------------------------------------------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
- ------------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
AF
- ------------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- ------------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
Incorporated: State of Delaware
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 6. SOLE VOTING POWER
SHARES
OWNED BY -----------------------------------------------------------------------------------------------------------
EACH 7. SHARED VOTING POWER
REPORTING
PERSON WITH 264,338 SHARES
-----------------------------------------------------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
-----------------------------------------------------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
264,338 SHARES
- ------------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
264,338 SHARES
- ------------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- ------------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
9.3%
- -------------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 16 Pages
<PAGE> 4
<TABLE>
<CAPTION>
<S> <C>
- -------------------------------------------------------------------------------------------------------------------------------
CUSIP NUMBER 054341102 PAGE 4 OF 16 PAGES
-------- ----------
- -------------------------------------------------------------------------------------------------------------------------------
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)
(b)
- -------------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
N/A
- -------------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
U.S.
- -------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 6. SOLE VOTING POWER
SHARES 0 SHARES
OWNED BY -----------------------------------------------------------------------------------------------------------
EACH 7. SHARED VOTING POWER
REPORTING
PERSON WITH(1) 264,338 SHARES
-----------------------------------------------------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
0 SHARES
-----------------------------------------------------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
264,338 SHARES
- -------------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
264,338 SHARES
- -------------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -------------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
9.3%
- -------------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
IN OO
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------
(1) The 264,338 Shares beneficially owned are as controlling
shareholder/director of Hovde Capital, Inc.
Page 4 of 16 Pages
<PAGE> 5
<TABLE>
<CAPTION>
<S> <C>
- -------------------------------------------------------------------------------------------------------------------------------
CUSIP NUMBER 054341102 PAGE 5 OF 16 PAGES
-------- ---------
- -------------------------------------------------------------------------------------------------------------------------------
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)
(b)
- -------------------------------------------------------------------------------------------------------------------------------
3. SOURCE OF FUNDS
PF OO
- -------------------------------------------------------------------------------------------------------------------------------
4. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e)
NO
- -------------------------------------------------------------------------------------------------------------------------------
5. CITIZENSHIP OR PLACE OF ORIGIN
- -------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 6. SOLE VOTING POWER
SHARES 18,400 SHARES
OWNED BY -----------------------------------------------------------------------------------------------------------
EACH 7. SHARED VOTING POWER
REPORTING
PERSON WITH(2) 264,338 SHARES
-----------------------------------------------------------------------------------------------------------
8. SOLE DISPOSITIVE POWER
18,400 SHARES
-----------------------------------------------------------------------------------------------------------
9. SHARED DISPOSITIVE POWER
264,338 SHARES
- -------------------------------------------------------------------------------------------------------------------------------
10. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
282,738 SHARES
- -------------------------------------------------------------------------------------------------------------------------------
11. DOES THE AGGREGATE AMOUNT IN BOX 10 EXCLUDE CERTAIN SHARES?
NO
- -------------------------------------------------------------------------------------------------------------------------------
12. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (10)
9.9%
- -------------------------------------------------------------------------------------------------------------------------------
13. TYPE OF REPORTING PERSON
OO
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------
(2) Of the 282,738 Shares beneficially owned by Steven D. Hovde, 264,338 of the
Shares beneficially owned are as controlling shareholder/director of Hovde
Capital, Inc. and 18,400 of the Shares beneficially owned are held directly.
Page 5 of 16 Pages
<PAGE> 6
ITEM 1. SECURITY AND ISSUER
The class of security to which this statement relates is the common
stock, par value $0.01 per share (the "Shares"), of Avondale Financial Corp.
(the "Issuer"). The address of the principal executive offices of the Issuer is
20 North Clark Street, Chicago, Illinois 60602.
ITEM 2. IDENTITY AND BACKGROUND
The persons filing this statement are Financial Institution
Partners, L.P. (the "Limited Partnership"), Hovde Capital, Inc., 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. Hovde Capital, Inc., a Delaware corporation, is
the general partner (the "General Partner") of the Limited Partnership. Both
Eric D. Hovde and Steven D. Hovde are controlling shareholders of Hovde Capital,
Inc.
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 and the General Partner 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 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 has, 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.
The Reporting Persons do not believe that they constitute a "group"
within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934,
as amended. Nevertheless, the Reporting Persons are making this filing because
of the possibility that they may be deemed a group, although each of the
Reporting Persons disclaims any membership in, and the existence of, such a
group. Neither the making of this filing nor any statement contained herein
shall be deemed to be an admission by any of the Reporting Persons that a group
exists.
Page 6 of 16 Pages
<PAGE> 7
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.
(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 February 18, 1999, 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 2,855,942 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. Neither the
General Partner, its executive officers, directors or controlling persons
beneficially owns any Shares personally or otherwise, except for the
Page 7 of 16 Pages
<PAGE> 8
Shares beneficially owned by Steven D. Hovde.
(c) Schedule 4 hereto, which is incorporated by reference herein,
describes, as of February 18, 1999, 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.
Section 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 November 30, 1998)]
Exhibit C - Customer Agreement between NationsBanc Montgomery
Securities and Financial Institution Partners, L.P.
(Incorporated by reference to Amendment No. 1, filed
with the Commission on November 30, 1998)
Exhibit D - Prime Broker Agreement between NationsBanc Montgomery
Securities and Financial Institution Partners, L.P.
(Incorporated by reference to Amendment No. 1, filed
with the Commission on November 30, 1998)
Exhibit E - Partnership Agreement between NationsBanc Montgomery
Securities and Financial Institution Partners, L.P.
(Incorporated by reference to Amendment No. 1, filed
with the Commission on November 30, 1998)
Exhibit F - Customer Agreement between NationsBanc Montgomery
Securities and Eric D. Hovde (Incorporated by reference
to Amendment No. 1, filed with the Commission on
November 30, 1998)
Exhibit G - Prime Broker Agreement between NationsBanc Montgomery
Securities and Eric D. Hovde (Incorporated by reference
to Amendment No. 1, filed with the Commission on
November 30, 1998)
Exhibit H - Customer Agreement between NationsBanc Montgomery
Securities and Steven D. Hovde. (Incorporated by
reference to Amendment No. 1, filed with the Commission
on November 30, 1998)
Exhibit I - Prime Broker Agreement between NationsBanc Montgomery
Securities and Steven D. Hovde. (Incorporated by
reference to Amendment No. 1, filed with the Commission
on November 30, 1998)
Page 8 of 16 Pages
<PAGE> 9
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, L.P., by
its General Partner, HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
-----------------------------------------
Eric D. Hovde
Its: President
HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
-----------------------------------------
Eric D. Hovde
Its: President
ERIC D. HOVDE
/s/ Eric D. Hovde
-----------------------------------------------
STEVEN D. HOVDE
/s/ Steven D. Hovde
-----------------------------------------------
Dated: 2/18/1999
---------
Page 9 of 16 Pages
<PAGE> 10
SCHEDULE 1
INFORMATION RELATING TO REPORTING PERSONS
<TABLE>
<CAPTION>
PRINCIPAL BUSINESS AND
ADDRESS OF PRINCIPAL BUSINESS
NAME OR PRINCIPAL OFFICE
---- -------------------------------
<S> <C>
Financial Institution Partners, L.P. Limited partnership formed to make
investments primarily in equity
securities of financial institutions.
1629 Colonial Parkway
Inverness, Illinois 60067
Organized: State of Delaware
Hovde Capital, Inc. Corporation formed to serve as the
general partner of Financial
Institution Partners, L.P.
1629 Colonial Parkway
Inverness, Illinois 60067
Incorporated: State of Delaware
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 10 of 16 Pages
<PAGE> 11
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, NW Hovde Financial, Inc.
Washington, D.C. 20036 1826 Jefferson Place, NW
Washington, D.C. 20036
Investment banking firm
</TABLE>
- --------
(3) Steven D. Hovde is affiliated with the following Reporting Persons:
Chairman, CEO of Hovde Capital, Inc.
(4) Eric D. Hovde is affiliated with the following Reporting Persons: President
of Hovde Capital, Inc.
Page 11 of 16 Pages
<PAGE> 12
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 $3,562,947.19 $1,247,031.52/ Working Capital/
Institution $2,315,915.67 Margin Account*
Partners, L.P.
Hovde Capital, $3,562,947.19 $1,247,031.52/ Working Capital/
Inc. $2,315,915.67 Margin Account of
Affiliate*
Steven D. Hovde $287,500.00 $100,625.00/ Working Capital/
$186,875.00 Margin Account **
</TABLE>
- ---------------
* $2,315,915.67 was financed through a margin account with NationsBanc
Montgomery Securities at Federal Funds rate +5/8.
** $186,875.00 was financed through a margin account with NationsBanc Montgomery
Securities at Federal Funds rate +5/8.
Page 12 of 16
<PAGE> 13
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 264,338 9.3%
Partners, L.P.
Hovde Capital, Inc. 264,338 9.3%
Steven D. Hovde 18,400 0.6%
- -------------------------------------------------------------------------------
Aggregate Shares Held by 282,738 9.9%
Reporting Persons
</TABLE>
Page 13 of 16
<PAGE> 14
SCHEDULE 4
The Reporting Persons had effected the following transactions in the Shares
within sixty (60) days of February 18, 1999:
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------
Transaction Number of Transaction Transaction
Date Shares Price Type Broker
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Financial 2/16/99 39,032 $14.50 Sell ABN Amro
Institution -------------------------------------------------------------------------------
Partners, L.P. 2/12/99 700 $14.50 Sell Bloomberg
Trade Book
- --------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------
Transaction Number of Transaction Transaction
Date Shares Price Type Broker
- ---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Eric D. 2/16/99 7,500 $14.50 Sell ABN
Hovde Amro
- ---------------------------------------------------------------------------------------------------
</TABLE>
Page 14 of 16
<PAGE> 15
EXHIBIT INDEX
<TABLE>
<CAPTION>
Page
<S> <C> <C>
Exhibit A- Consent Agreement to 17 C.F.R. Section 13d-1(f)(1) 16
Exhibit B - [OMITTED - - FILED PURSUANT TO REQUEST
FOR CONFIDENTIAL TREATMENT] (Incorporated
by reference to Amendment No. 1, filed with the
Commission on November 30, 1998)](5)
Exhibit C - Customer Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners, L.P. (Incorporated by reference to Amendment
No. 1, filed with the Commission on November 30, 1998)
Exhibit D - Prime Broker Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners, L.P. (Incorporated by reference to Amendment
No. 1, filed with the Commission on November 30, 1998)
Exhibit E - Partnership Agreement between NationsBanc
Montgomery Securities and Financial Institution
Partners, L.P. (Incorporated by reference to Amendment
No. 1, filed with the Commission on November 30, 1998)
Exhibit F - Customer Agreement between NationsBanc
Montgomery Securities and Eric D. Hovde (Incorporated
by reference to Amendment No. 1, filed with the
Commission on November 30, 1998)
Exhibit G - Prime Broker Agreement between NationsBanc
Montgomery Securities and Eric D. Hovde (Incorporated
by reference to Amendment No. 1, filed with the
Commission on November 30, 1998)
Exhibit H - Customer Agreement between NationsBanc
Montgomery Securities and Steven D. Hovde (Incorporated
by reference to Amendment No. 1, filed with the
Commission on November 30, 1998)
Exhibit I - Prime Broker Agreement between NationsBanc
Montgomery Securities and Steven D. Hovde (Incorporated
by reference to Amendment No. 1, filed with the
Commission on November 30, 1998)
</TABLE>
- --------
(5) Portions of Exhibit 5 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 15 of 16
<PAGE> 16
EXHIBIT A
Consent Agreement Pursuant to 17 C.F.R. Section 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, L.P., by
its General Partner, HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
---------------------------------------
Eric D. Hovde
Its: President
HOVDE CAPITAL, INC.
By: /s/ Eric D. Hovde
---------------------------------------
Eric D. Hovde
Its: President
ERIC D. HOVDE
/s/ Eric D. Hovde
----------------------------------------------
STEVEN D. HOVDE
/s/ Steven D. Hovde
----------------------------------------------
Dated: 2/18/1999
---------
Page 16 of 16 Pages
