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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. )(1)
Regency Bancorp
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
75884Q105
- --------------------------------------------------------------------------------
(CUSIP Number)
Charles A. Nalbone, Bear Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(973) 973-2202
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 1, 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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of Pages)
- ----------
(1) 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 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).
(SC13D-07/98)
<PAGE>
CUSIP No. 75884Q105 13D Page of Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bear, Stearns & Co. Inc.
IRS # 13-3299429
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
WC, PF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
119,549
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 15,200
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 119,549
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
15,200
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
134,749
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.13%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
BD
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 75884Q105 13D Page of Pages
________________________________________________________________________________
Item 1. Security and Issuer.
Common Stock
Regency Bancorp
7060 N Fresno
Fresno, CA 93720
________________________________________________________________________________
Item 2. Identity and Background.
(a)Name: Bear, Stearns & Co. Inc. ("Bear Stearns")
(b)Place of Organization: Delaware
(c)(i)Principal Business: Securities Broker/Dealer
(ii) Address: 245 Park Avenue
New York, NY 10167
(d)None
(e)See Appendix II
(f)See Appendix I
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
Working capital of Bear Stearns. The aggregate purchase price of the 134,749
shares of Common Stock was approximately $2,560,231.
________________________________________________________________________________
Item 4. Purpose of Transaction.
Bear Stearns has acquired the Common Stock of Regency Bancorp in the
ordinary course of its business as a broker/dealer in connection with its
trading and investment activities. Bear Stearns may acquire additional
securities of the Issuer or dispose of securities of the Issuer in connection
with such trading and investment activities. Although the foregoing represents
the range of activities presently contemplated by Bear Stearns with respect to
the Issuer, it should be noted that the possible activities of Bear Stearns are
subject to change at any time.
Except as set forth above, Bear Stearns has no present plans or intentions
which relate to or would result in any of the actions described in
subparagraph (a) through (j) of item 4 of Schedule 13D.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer as of 7/01/99.
(a)Number: 134,749
Percentage: 5.13%
(b)1.Sole power to vote or to direct the vote: 119,549
2.Shared power to vote or to direct the vote: 15,200
3.Sole power to dispose or to direct the disposition: 119,549
4.Shared power to dispose or to direct the disposition: 15,200
(c)Information concerning transactions in the common stock effected by
Bear Stearns is set forth on Appendix III hereto.
(d)Inapplicable.
(e)Inapplicable.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
None
________________________________________________________________________________
<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.
July 9, 1999
----------------------------------------
(Date)
----------------------------------------
(Signature)
Barry J. Cohen/Senior Managing Director
----------------------------------------
(Name/Title)
APPENDIX I
DIRECTORS AND EXECUTIVE OFFICERS OF BEAR, STEARNS & CO. INC.
Name Principal Occupation or Employment
Alan C. Greenberg Chairman of the Board and Director
James E. Cayne President, Chief Executive Officer and Director
Alan D. Schwartz Executive Vice President and Director
Warren J. Spector Executive Vice President and Director
Michael L. Tarnopol Executive Vice President and Director
John L. Knight Director
John H. Slade Director Emeritus
Kenneth L. Edlow Secretary
William J. Montgoris Chief Operating Officer
Michael J. Abatemarco Controller and Assistant Secretary
Michael Minikes Treasurer
Frederick B. Casey Assistant Treasurer
Mark E. Lehman Executive Vice President-General Counsel and Director
Samuel L. Molinaro, Jr. Chief Financial Officer
John L. Knight is a citizen of the United Kingdom and his business address is
One Canada Square London E16 5AD England. Michael J. Abatemarco is a citizen of
the United States and his business address is One Metrotech Center North,
Brooklyn, New York 11201. All other Directors and Executive Officers are
citizens of the United States and their business address is 245 Park Avenue,
New York, New York 10167. Bear Stearns & Co. Inc. is a wholly-owned subsidiary
of the Bear Stearns Companies Inc. and of the persons named, all but John L.
Knight hold similar office in the parent company.
APPENDIX II
Bear Stearns & Co. Inc.
Regency Bancorp
Trading from 4/286/99 through 7/01/99
(Various Firm's Accounts)
***** 07/01 *****
13,500 REGENCY BANCORP-CALIF 18.6600 251,910.00
3,000- REGENCY BANCORP-CALIF 18.6600 55,978.13-
***** 06/28 *****
100 REGENCY BANCORP-CALIF 18 1,800.00
3,900 REGENCY BANCORP-CALIF 18.2300 71,097.00
4,000- REGENCY BANCORP-CALIF 18 1/2 73,997.53-
***** 06/24 *****
241 REGENCY BANCORP-CALIF 18 1/4 4,398.25
21,000 REGENCY BANCORP-CALIF 18.4500 387,450.00
2,500- REGENCY BANCORP-CALIF 18.3565 45,889.72-
7,500- REGENCY BANCORP-CALIF 18.5566 139,169.86-
***** 06/22 *****
50 REGENCY BANCORP-CALIF 18 900.00
***** 06/10 *****
100- REGENCY BANCORP-CALIF 17 7/8 1,787.44-
100- REGENCY BANCORP-CALIF 17 9/16 1,756.19-
***** 06/09 *****
100- REGENCY BANCORP-CALIF 18 1/4 1,824.93-
***** 06/07 *****
100 REGENCY BANCORP-CALIF 18 1/2 1,850.00
100 REGENCY BANCORP-CALIF 19 1,900.00
***** 06/04 *****
500 REGENCY BANCORP-CALIF 19 3/8 9,687.50
550 REGENCY BANCORP-CALIF 19 3/8 10,656.25
600 REGENCY BANCORP-CALIF 19 1/4 11,550.00
2,000 REGENCY BANCORP-CALIF 19 1/8 38,250.00
2,000 REGENCY BANCORP-CALIF 19 38,000.00
5,300- REGENCY BANCORP-CALIF 19.1250 101,359.12-
***** 06/03 *****
2,000 REGENCY BANCORP-CALIF 19 1/4 38,500.00
***** 05/28 *****
500 REGENCY BANCORP-CALIF 18 1/2 9,250.00
***** 05/26 *****
3,500 REGENCY BANCORP-CALIF 19 66,500.00
***** 05/25 *****
141 REGENCY BANCORP-CALIF 17 1/2 2,467.50
425 REGENCY BANCORP-CALIF 18 7,650.00
1,000 REGENCY BANCORP-CALIF 18 18,000.00
1,586 REGENCY BANCORP-CALIF 18 28,548.00
***** 05/24 *****
100 REGENCY BANCORP-CALIF 18 3/4 1,875.00
100 REGENCY BANCORP-CALIF 18 1/4 1,825.00
100 REGENCY BANCORP-CALIF 17 3/4 1,775.00
100 REGENCY BANCORP-CALIF 17 1/4 1,725.00
***** 05/21 *****
700 REGENCY BANCORP-CALIF 19 13,300.00
***** 05/20 *****
100 REGENCY BANCORP-CALIF 19 1,900.00
***** 05/19 *****
15 REGENCY BANCORP-CALIF 19 285.00
***** 05/17 *****
141 REGENCY BANCORP-CALIF 19 5/16 2,723.06
***** 05/14 *****
100 REGENCY BANCORP-CALIF 19 13/16 1,981.25
***** 05/11 *****
500 REGENCY BANCORP-CALIF 20 1/8 10,062.50
500 REGENCY BANCORP-CALIF 19 7/8 9,937.50
602 REGENCY BANCORP-CALIF 20 12,040.00
1,000 REGENCY BANCORP-CALIF 19 7/8 19,875.00
1,000 REGENCY BANCORP-CALIF 19 7/8 19,875.00
1,500 REGENCY BANCORP-CALIF 20 30,000.00
1,600 REGENCY BANCORP-CALIF 20 1/4 32,400.00
5,000 REGENCY BANCORP-CALIF 20 1/4 101,250.00
2,200- REGENCY BANCORP-CALIF 20 3/16 44,411.01-
3,100- REGENCY BANCORP-CALIF 20 1/8 62,385.42-
***** 05/10 *****
100 REGENCY BANCORP-CALIF 19 5/8 1,962.50
300 REGENCY BANCORP-CALIF 19 1/2 5,850.00
1,000 REGENCY BANCORP-CALIF 19 1/2 19,500.00
1,000 REGENCY BANCORP-CALIF 19 1/2 19,500.00
1,000 REGENCY BANCORP-CALIF 19 1/2 19,500.00
1,100 REGENCY BANCORP-CALIF 19 1/2 21,450.00
***** 05/07 *****
100 REGENCY BANCORP-CALIF 19 3/4 1,975.00
800 REGENCY BANCORP-CALIF 20 16,000.00
1,000 REGENCY BANCORP-CALIF 20 20,000.00
***** 05/04 *****
100 REGENCY BANCORP-CALIF 20 3/8 2,037.50
1,800 REGENCY BANCORP-CALIF 20 3/8 36,675.00
1,900- REGENCY BANCORP-CALIF 20 3/8 38,711.20-
***** 05/03 *****
300 REGENCY BANCORP-CALIF 20 5/8 6,187.50
473 REGENCY BANCORP-CALIF 20 5/8 9,755.63
1,062 REGENCY BANCORP-CALIF 20 3/8 21,638.25
***** 04/30 *****
100 REGENCY BANCORP-CALIF 20 5/8 2,062.50
900 REGENCY BANCORP-CALIF 20 5/8 18,562.50
1,000 REGENCY BANCORP-CALIF 20 5/8 20,625.00
***** 04/29 *****
5,000 REGENCY BANCORP-CALIF 20 100,000.00
150 REGENCY BANCORP-CALIF 20 5/8 3,093.75
150 REGENCY BANCORP-CALIF 20 5/8 3,093.75
1,000 REGENCY BANCORP-CALIF 20 9/16 20,562.50
1,000 REGENCY BANCORP-CALIF 20 5/8 20,625.00
1,000 REGENCY BANCORP-CALIF 20 5/8 20,625.00
1,500 REGENCY BANCORP-CALIF 20 5/8 30,937.50
2,100 REGENCY BANCORP-CALIF 20 5/8 43,312.50
4,700- REGENCY BANCORP-CALIF 20.2323 95,088.64-
***** 04/28 *****
100 REGENCY BANCORP-CALIF 20 3/4 2,075.00
100 REGENCY BANCORP-CALIF 20 1/8 2,012.50
100 REGENCY BANCORP-CALIF 20 1/8 2,012.50
463 REGENCY BANCORP-CALIF 21 9,723.00
500 REGENCY BANCORP-CALIF 20 1/2 10,250.00
600 REGENCY BANCORP-CALIF 21 12,600.00
800 REGENCY BANCORP-CALIF 20 7/8 16,700.00
1,000 REGENCY BANCORP-CALIF 20 7/8 20,875.00
1,000 REGENCY BANCORP-CALIF 20 1/2 20,500.00
1,000 REGENCY BANCORP-CALIF 20 1/4 20,250.00
1,900 REGENCY BANCORP-CALIF 20 1/4 38,475.00
5,000 REGENCY BANCORP-CALIF 20 100,000.00
5,000 REGENCY BANCORP-CALIF 20 100,000.00
5,000 REGENCY BANCORP-CALIF 20 1/8 100,625.00
5,000 REGENCY BANCORP-CALIF 20 3/8 101,875.00
5,000 REGENCY BANCORP-CALIF 20 1/2 102,500.00
5,000 REGENCY BANCORP-CALIF 20 5/8 103,125.00
5,000 REGENCY BANCORP-CALIF 20 1/4 101,250.00
5,100 REGENCY BANCORP-CALIF 20 3/4 105,825.00
5,400 REGENCY BANCORP-CALIF 21 113,400.00
10,000 REGENCY BANCORP-CALIF 20 3/4 207,500.00
(Various Discretionary Accounts)
***** 07/01 *****
3,000 REGENCY BANCORP-CALIF 18.6600 55,980.00
***** 06/24 *****
2,500 REGENCY BANCORP-CALIF 18.3565 45,891.25
***** 05/04 *****
1,900 REGENCY BANCORP-CALIF 20 3/8 38,712.50
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
