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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
REGENCY BANCORP
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
75884Q105
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(CUSIP Number)
John M. Eggemeyer, III
4370 La Jolla Village Drive, Suite 400
San Diego, California 92122 Phone: (619) 546-4966
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
DECEMBER 31, 1997
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(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
Statement because of Rule 13d-1(b)(3) or (4), check the
following: / /
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SCHEDULE 13D
CUSIP No. 75884Q105 Page 2 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Castle Creek Capital Partners Fund-I, L.P.
Federal ID No.: 36-4073941
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
00 WC
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(7) SOLE VOTING POWER
NUMBER OF 506,000
SHARES ------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 506,000
WITH ------------------------------------------
(10) SHARED DISPOSITIVE POWER
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
506,000
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* ( )
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
19.0%
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(14) TYPE OF REPORTING PERSON
PN (limited partnership)
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Page 3 of 12 Pages
FOOTNOTES TO FACING SHEET FOR
CASTLE CREEK CAPITAL PARTNERS FUND-I, L.P.
(1) Includes 46,000 shares of Common Stock issuable upon exercise of warrants.
(2) Power is exercised through its sole general partner, Castle Creek Capital,
L.L.C.
(3) Castle Creek Capital Partners Fund-I, L.P. disclaims any beneficial
interest in any shares of Common Stock owned or controlled directly or
indirectly by any of its partners, including but not limited to the shares
beneficially owned by John M. Eggemeyer, III or William J. Ruh.
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SCHEDULE 13D
CUSIP No. 75884Q105 Page 4 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Castle Creek Capital, L.L.C.
Federal ID No.: 36-4073477
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
00 WC
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(7) SOLE VOTING POWER
NUMBER OF 506,000 (1)(2)(4)
SHARES ------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 506,000 (1)(2)(4)
WITH ------------------------------------------
(10) SHARED DISPOSITIVE POWER
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
506,000 shares of Common Stock (1)(3)(4)
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* (XX)
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
19.0%
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(14) TYPE OF REPORTING PERSON
OO (limited liability company)
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Page 5 of 12 Pages
FOOTNOTES TO FACING SHEET FOR
CASTLE CREEK CAPITAL, L.L.C.
(1) Includes 46,000 shares of Common Stock issuable upon exercise of warrants.
(2) Power is exercised through its controlling member, Eggemeyer Advisory Corp.
(3) Solely in its capacity as sole general partner of Castle Creek Capital
Partners Fund-I, L.P.
(4) Castle Creek Capital, L.L.C. disclaims any beneficial interest in any
shares of Common Stock owned or controlled directly or indirectly by any of
its partners, including but not limited to the shares beneficially owned by
John M. Eggemeyer, III or William J. Ruh.
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SCHEDULE 13D
CUSIP No. 75884Q105 Page 6 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Eggemeyer Advisory Corp.
Federal ID No.: 36-4104569
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
00 WC
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(7) SOLE VOTING POWER
NUMBER OF 506,000 (1)(2)(4)
SHARES ------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 506,000 (1)(2)(4)
WITH ------------------------------------------
(10) SHARED DISPOSITIVE POWER
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
506,000 shares of Common Stock (1)(3)(4)
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* (XX)
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
19.0%
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(14) TYPE OF REPORTING PERSON
CO
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Page 7 of 12 Pages
FOOTNOTES TO FACING SHEET FOR
EGGEMEYER ADVISORY CORP.
(1) Includes 46,000 shares of Common Stock issuable upon exercise of warrants.
(2) Power is exercised through its sole shareholder and president, John M.
Eggemeyer, III.
(3) Solely in its capacity as the controlling member of Castle Creek Capital,
L.L.C., the sole general partner of Castle Creek Capital Partners Fund-I,
L.P.
(4) Eggemeyer Advisory Corp. disclaims any beneficial interest in any shares of
Common Stock owned or controlled directly or indirectly by any of its
shareholders, including but not limited to the shares beneficially owned by
John M. Eggemeyer, III or William J. Ruh.
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SCHEDULE 13D
CUSIP No. 75884Q105 Page 8 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
John M. Eggemeyer, III
Federal ID No.: ###-##-####
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS
PF
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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(7) SOLE VOTING POWER
NUMBER OF 31,200 (1)(2)
SHARES ------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ------------------------------------------
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 31,200 (1)(2)
WITH ------------------------------------------
(10) SHARED DISPOSITIVE POWER
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,200 shares of Common Stock (1)(2)
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* (XX)
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.2%
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(14) TYPE OF REPORTING PERSON
IN
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Page 9 of 12 Pages
FOOTNOTES TO FACING SHEET FOR
JOHN M. EGGEMEYER, III
(1) As to 31,200 shares (issuable upon exercise of warrants) of Common Stock,
power is exercised as beneficial owner.
(2) John M. Eggemeyer, III, disclaims any beneficial interest in any shares of
Common Stock owned or controlled directly or indirectly by Castle Creek
Capital Partners Fund-I, L.P.
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SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock, no par value, (the "Common
Stock") of Regency Bancorp (the "Issuer"). The address of the Issuer's
principal executive offices is 7060 North Fresno Street, Fresno, California
93720.
ITEM 2. IDENTITY AND BACKGROUND.
(a) - (c) The names of the persons filing this statement are: Castle
Creek Capital Partners Fund-I, L.P., a Delaware limited partnership (the
"Partnership"); Castle Creek Capital, L.L.C., a Delaware limited liability
company and the sole general partner of the Partnership (the "General Partner");
Eggemeyer Advisory Corp., a Delaware corporation and the controlling member of
the General Partner ("EAC"); and John M. Eggemeyer, III, a California resident
and the sole shareholder and President of EAC and the President of the General
Partner ("Eggemeyer"). The business address for each of the filing persons is
4370 LaJolla Village Drive, Suite 400, San Diego, California 92122.
(d) and (e) During the last five years, none of the persons filing this
statement has been (i) convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors), or (ii) 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 mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) Eggemeyer is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On December 31, 1997, the Partnership purchased 460,000 shares of Common
Stock at $8.25 per share from the Issuer in a private placement and also
received a warrant to purchase 46,000 shares of Common Stock at $10.00 per
shares. An aggregate of 460,000 shares of Common Stock were acquired for a
total purchase price of $3,795,000. The source of the funds for the
Partnership's purchase of these shares was from the Partnership's working
capital which was raised from capital contributions by the limited partners of
the Partnership.
On December 31, 1997 Eggemeyer received a warrant from the Issuer to
purchase 31,200 shares of Common Stock at $10.00 per share.
Page 10 of 12 Pages
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ITEM 4. PURPOSE OF TRANSACTION.
The purchase by the Partnership of shares of Common Stock is for investment
purposes. However, the Partnership intends to work with the Issuer's Board of
Directors and management to assist the Issuer through the refinement of its
business strategies and the improvement of its financial performance.
(a) - (j) None at the present time.
ITEM 5. INTEREST IS SECURITIES OF ISSUER.
(a) The Partnership beneficially owns 506,000 shares (including 46,000
shares issuable upon the exercise of warrants) of Common Stock or 19.0% of the
Issuer's outstanding Common Stock. Each of the Partnership, the General Partner
and EAC disclaims any beneficial interest in any shares of Common Stock owned or
controlled directly or indirectly by any of its partners, including but not
limited to the shares beneficially owned by Eggemeyer. Eggemeyer beneficially
owns directly 31,200 shares (issuable upon exercise of warrants) of Common Stock
or 1.2% of the outstanding Common Stock. Eggemeyer disclaims any beneficial
interest in any shares of COmmon Stock owned or controlled directly or
indirectly by Castle Creek Capital Partners Fund-I, L.P.
(b) The Partnership has the sole voting and dispositive powers over the
506,000 shares (including 46,000 shares issuable upon the exercise of a warrant)
of Common Stock beneficially owned by it, representing approximately 19.0% of
the outstanding Common Stock. Such voting and dispositive powers are exercised
by the General Partner in its capacity as general partner of the Partnership,
which are exercised by EAC as the manager of the General Partner which is in
turn exercised by Eggemeyer as the sole stockholder and President of EAC and as
President of the General Partner. Eggemeyer has the sole voting and dispositive
powers over 31,200 shares (issuable upon exercise of warrants) of Common Stock
beneficially owned by him, representing approximately 1.2% of the outstanding
Common Stock. Eggemeyer disclaims any beneficial interest in any shars of
COmmon Stock owned or controlled directly or indirectly by Castle Creek Capital
Partners Fund-I, L.P., except to the extent of his interest in such Fund.
(c) - (e) Not Applicable.
ITEM 6. CONTRACTS, AGREEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Not Applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
Page 11 of 12 Pages
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SIGNATURES
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: January 12, 1998
CASTLE CREEK CAPITAL PARTNERS FUND-I, L.P.
By: Castle Creek Capital, L.L.C.
By/s/John M. Eggemeyer, III
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Its President
Its General Partner
CASTLE CREEK CAPITAL, L.L.C.
By/s/John M. Eggemeyer, III
------------------------------------------
Its President
EGGEMEYER ADVISORY CORP.
By: /s/John M. Eggemeyer, III
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Its President
/s/John M. Eggemeyer, III
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John M. Eggemeyer, III
Page 12 of 12 Pages
