<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
PBOC HOLDINGS, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
971892104
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(CUSIP Number)
June 5, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
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CUSIP No. 971892104
- ------------------- -------------------
13G
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Value Partners, Ltd., 75-2291866
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,150,000
OWNED BY -----------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON WITH 0**
-----------------------------------------
7 SOLE DISPOSITIVE POWER
1,150,000
-----------------------------------------
8 SHARED DISPOSITIVE POWER
0**
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,150,000**
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.12%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
**BUT SEE ITEM 5.
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- ------------------- -------------------
CUSIP No. 971892104
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13G
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Ewing & Partners, 75-2741747
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON WITH 0**
-----------------------------------------
7 SOLE DISPOSITIVE POWER
0
-----------------------------------------
8 SHARED DISPOSITIVE POWER
0**
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0**
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%**
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
**BUT SEE ITEM 5.
<PAGE> 4
- ------------------- -------------------
CUSIP No. 971892104
- ------------------- -------------------
13G
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Timothy G. Ewing, ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON WITH 0**
-----------------------------------------
7 SOLE DISPOSITIVE POWER
0
-----------------------------------------
8 SHARED DISPOSITIVE POWER
0**
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0**
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%**
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
**BUT SEE ITEM 5.
<PAGE> 5
STATEMENT ON SCHEDULE 13G
This statement on Schedule 13G relates to the common stock, par value
$.01 per share (the "Common Stock"), of PBOC Holdings, Inc. (the "Company"), and
is filed by Value Partners, Ltd., a Texas limited partnership ("Value
Partners"), Ewing & Partners, a Texas general partnership ("Ewing & Partners"),
and Timothy G. Ewing ("Mr. Ewing"). Ewing & Partners is the general partner of
Value Partners. Mr. Ewing and Ewing Asset Management, Inc., a Texas limited
liability company ("EAM") are the general partners of Ewing & Partners, and Mr.
Ewing is the managing general partner of Ewing & Partners. EAM is controlled by
Mr. Ewing.
ITEM 1(a) NAME OF ISSUER:
PBOC Holdings, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5900 Wilshire Boulevard
Los Angeles, California 90036
ITEM 2(a) NAME OF PERSON FILING:
This Schedule 13G is filed by Value Partners, Ewing &
Partners and Mr. Ewing.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE:
The principal business office of Value Partners, Ewing &
Partners and Mr. Ewing is Suite 4660 West, 2200 Ross Avenue,
Dallas, Texas 75201.
ITEM 2(c) CITIZENSHIP OR PLACE OF ORGANIZATION:
Value Partners is a limited partnership formed under the laws
of the State of Texas, Ewing & Partners is a general
partnership formed under the laws of the State of Texas, and
Mr. Ewing is a citizen of the United States of America.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share.
ITEM 2(e) CUSIP NUMBER:
971892104
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ITEM 3 REPORTING PERSON.
This Statement on Schedule 13G is filed pursuant to Rule
13d-1(c).
ITEM 4 OWNERSHIP.
See Items 5 through 11 on page 2 for Value Partners, page 3
for Ewing & Partners and page 4 for Mr. Ewing. The
transactions in the Issuer's securities by Value Partners
since May 19, 1998 are listed on Annex A attached hereto and
made apart hereof.
Value Partners has the sole power to vote and dispose of the
1,150,000 shares of Common Stock beneficially owned by it.
Value Partners does not share the power to vote or to direct
the vote of, or the power to dispose or to direct the
disposition of, the Common Stock owned by it. However, Ewing &
Partners, as general partner of Value Partners, may be deemed,
for purposes of determining beneficial ownership pursuant to
Rule 13d-3, to have the shared power with Value Partners to
vote or direct the vote of, and the shared power with Value
Partners to dispose or direct the disposition of, the
1,150,000 shares of Common Stock owned by Value Partners. Mr.
Ewing, as managing general partner of Ewing & Partners, may be
deemed, for purposes of determining beneficial ownership
pursuant to Rule 13d-3, to have the shared power with Value
Partners to vote or direct the vote of, and the shared power
with Value Partners to dispose or direct the disposition of,
the 1,150,000 shares of Common Stock owned by Value Partners.
The filing of this statement on Schedule 13G shall not be
construed as an admission that Mr. Ewing or Ewing & Partners
is for the purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, as amended, the beneficial
owner of any of the 1,150,000 shares of Common Stock
beneficially owned by Value Partners. Pursuant to Rule 13d-4,
Mr. Ewing and Ewing & Partners disclaim all such beneficial
ownership.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Inapplicable
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
Inapplicable
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ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY.
Inapplicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Inapplicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP.
Inapplicable
ITEM 10 CERTIFICATION.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the Issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
EXHIBITS EXHIBIT 1
Joint Filing Agreement dated June 12, 1998 between Value
Partners, Ewing & Partners and Mr. Ewing.
<PAGE> 8
ANNEX A
<TABLE>
<CAPTION>
Transaction Buy/Sell Quantity Price per
Date (shares) Share ($)
-------------------------------------------------------------
<S> <C> <C> <C> <C>
05/19/98 Buy 150,000 14.00
05/20/98 Buy 100,000 14.00
05/21/98 Buy 250,000 14.00
05/26/98 Buy 50,000 13.88
05/27/98 Buy 100,000 13.88
05/28/98 Buy 100,000 14.00
06/01/98 Buy 50,000 14.00
06/03/98 Buy 100,000 14.16
06/04/98 Buy 150,000 14.00
06/05/98 Buy 100,000 14.16
---------
1,150,000
</TABLE>
<PAGE> 9
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.
Date: June 12, 1998
VALUE PARTNERS, LTD.
By: EWING & PARTNERS
as General Partner
By: /s/ TIMOTHY G. EWING
----------------------------
Timothy G. Ewing
as Managing Partner
EWING & PARTNERS
By: /s/ TIMOTHY G. EWING
---------------------------------
Timothy G. Ewing
as Managing Partner
/s/ TIMOTHY G. EWING
------------------------------------
Timothy G. Ewing
<PAGE> 10
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
- ------ -----------
1 Joint Filing Agreement
<PAGE> 1
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a Statement on Schedule 13G (including any and all amendments thereto)
with respect to the Common Stock, par value $.01 per share, of PBOC Holdings,
Inc., and further agree that this Joint Filing Agreement shall be included as an
Exhibit to such joint filings.
The undersigned further agree that each party hereto is responsible for
timely filing of such Statement on Schedule 13G and any amendments thereto, and
for the accuracy and completeness of the information concerning such party
contained therein; provided, however, that no party is responsible for the
accuracy or completeness of the information concerning any other party, unless
such party knows or has reason to believe that such information is inaccurate.
This Joint Filing Agreement may be signed in counterparts with the same
effect as if the signature on each counterpart were upon the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
June 12, 1998.
VALUE PARTNERS, LTD.
By: EWING & PARTNERS
as General Partner
By: /s/ TIMOTHY G. EWING
----------------------------
Timothy G. Ewing
as Managing Partner
EWING & PARTNERS
By: /s/ TIMOTHY G. EWING
---------------------------------
Timothy G. Ewing
as Managing Partner
/s/ TIMOTHY G. EWING
------------------------------------
Timothy G. Ewing
