-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U7kVlE69OYJX8yMnmECsYLwx0HiGqsb0zjz6PRw/eAa9G9qXEGYqY+NVXpMp8NOx WIgbIhlsUjMyftavr+3sIg== 0000897069-01-500323.txt : 20010804 0000897069-01-500323.hdr.sgml : 20010804 ACCESSION NUMBER: 0000897069-01-500323 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20010802 GROUP MEMBERS: ARCHIMEDES OVERSEAS, LTD GROUP MEMBERS: FINANCIAL EDGE--STRATEGIC FUND GROUP MEMBERS: GARRETT GOODBODY GROUP MEMBERS: GOODBODY/PL CAPITAL, L.P. GROUP MEMBERS: GOODBODY/PL CAPITAL, LLC GROUP MEMBERS: JOHN WM. PALMER GROUP MEMBERS: PL CAPITAL, LLC GROUP MEMBERS: RICHARD J. LASHLEY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL BANCORP INC /MA/ CENTRAL INDEX KEY: 0001076394 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 043447594 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55695 FILM NUMBER: 1696556 BUSINESS ADDRESS: STREET 1: 399 HIGHLAND AVENUE CITY: SOMERVILLE STATE: MA ZIP: 02144 BUSINESS PHONE: 6176284000 MAIL ADDRESS: STREET 1: 399 HIGHLAND AVENUE CITY: SOMERVILLE STATE: MA ZIP: 02144 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL EDGE FUND L P CENTRAL INDEX KEY: 0001008845 STANDARD INDUSTRIAL CLASSIFICATION: TEXTILE MILL PRODUCTS [2200] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2015 SPRING ROAD STREET 2: SUITE 290 CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 3126633458 MAIL ADDRESS: STREET 1: 440 S LASALLE ST STREET 2: ONE FINANCIAL PL SUITE 1021 CITY: CHICAGO STATE: IL ZIP: 60605 SC 13D/A 1 sdc40a.txt SCHEDULE 13D/A - CENTRAL BANCORP Securities and exchange commission Washington, D.C. 20552 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) CENTRAL BANCORP, INC. (Name of Issuer) Common Stock, par value $1.00 per share (Title of Class of Securities) 152418109 (CUSIP Number) Mr. Philip Goldberg Foley & Lardner One IBM Plaza Suite 3300 330 North Wabash Avenue Chicago, IL 60611-3608 (312) 755-1900 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 31, 2001 (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 [ ]. - ------------------------------ CUSIP No. 152418109 - ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSON Financial Edge Fund, L.P. - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- SOURCE OF FUNDS* 4 WC, OO - -------- ---------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 -------- -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 68,400 -------- -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 -------- -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 68,400 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 68,400 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------- ---------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.0% - -------- ---------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 PN ================================================================================ Page 2 of 19 Pages - ------------------------------ CUSIP No. 152418109 - ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSON Financial Edge -- Strategic Fund, L.P. - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- SOURCE OF FUNDS* 4 WC, OO - -------- ---------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 -------- -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 15,400 -------- -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 -------- -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 15,400 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,400 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------- ---------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.9% - -------- ---------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 PN ================================================================================ Page 3 of 19 Pages - ------------------------------ CUSIP No. 152418109 - ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSON Goodbody/PL Capital, L.P. - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- SOURCE OF FUNDS* 4 WC, OO - -------- ---------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 -------- -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 9,500 -------- -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 -------- -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 9,500 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,500 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------- ---------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.6% - -------- ---------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 PN ================================================================================ Page 4 of 19 Pages - ------------------------------ CUSIP No. 152418109 - ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSON Archimedes Overseas, LTD - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- SOURCE OF FUNDS* 4 WC, OO - -------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Channel Islands - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 -------- -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 3,000 -------- -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 -------- -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,000 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------- ---------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.2% - -------- ---------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 PN ================================================================================ Page 5 of 19 Pages - ------------------------------ CUSIP No. 152418109 - ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSON PL Capital, LLC - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- SOURCE OF FUNDS* 4 AF - -------- ---------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 -------- -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 83,800 -------- -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 -------- -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 83,800 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 83,800 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------- ---------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.9% - -------- ---------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 PN ================================================================================ Page 6 of 19 Pages - ------------------------------ CUSIP No. 152418109 - ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSON Goodbody/PL Capital, LLC - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- SOURCE OF FUNDS* 4 - -------- ---------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 -------- -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 12,500 -------- -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 -------- -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 12,500 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,500 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------- ---------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.7% - -------- ---------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 PN ================================================================================ Page 7 of 19 Pages - ------------------------------ CUSIP No. 152418109 - ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSON John Wm. Palmer - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- SOURCE OF FUNDS* 4 AF - -------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 -------- -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 96,300 -------- -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 -------- -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 96,300 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 96,300 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------- ---------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.7% - -------- ---------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 IN ================================================================================ Page 8 of 19 Pages - ------------------------------ CUSIP No. 152418109 - ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSON Richard J. Lashley - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- SOURCE OF FUNDS* 4 AF - -------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 -------- -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 96,300 -------- -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 -------- -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 96,300 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 96,300 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------- ---------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 5.7% - -------- ---------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 IN ================================================================================ Page 9 of 19 Pages - ------------------------------ CUSIP No. 152418109 - ------------------------------ ================================================================================ 1 NAME OF REPORTING PERSON Garrett Goodbody - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- SOURCE OF FUNDS* 4 AF - -------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 -------- -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 12,500 -------- -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 -------- -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 12,500 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,500 - -------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------- ---------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 0.7% - -------- ---------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 IN ================================================================================ Page 10 of 19 Pages Item 1. Security and Issuer This Schedule 13D is being filed jointly by Financial Edge Fund, L.P., a Delaware limited partnership ("Financial Edge Fund"); Financial Edge-Strategic Fund, L.P., a Delaware limited partnership ("Financial Edge Strategic"); PL Capital, LLC, a Delaware limited liability company and General Partner of Financial Edge Fund and Financial Edge Strategic ("PL Capital"); Goodbody/PL Capital, L.P., a Delaware limited partnership ("Goodbody/PL LP"); Goodbody/PL Capital, LLC, a Delaware limited liability company and General Partner of Goodbody/PL LP ("Goodbody/PL LLC"); Archimedes Overseas LTD, a Channel Islands investment company ("Archimedes"); John W. Palmer and Richard J. Lashley, Managing Members of PL Capital and Goodbody/PL LLC; and Garrett Goodbody, Managing Member of Goodbody/PL LLC. All of the filers of this Schedule 13D are collectively the "Group." This Schedule 13D relates to the common stock ("Common Stock") of Central Bancorp, Inc. (the "Company" or "Central Bancorp"). The address of the principal executive offices of the Company is 399 Highland Avenue, Somerville, MA 02144. The joint filing agreement of the members of the Group is attached as Exhibit 1. Item 2. Identity and Background (a)-(c) This statement is filed by Mr. John Palmer, Mr. Richard Lashley and Mr. Garrett Goodbody, with respect to the shares of Common Stock beneficially owned by them, as follows: (1) shares of Common Stock held in the name of Financial Edge Fund and Financial Edge Strategic, in Mr. Palmer's and Mr. Lashley's capacity as Managing Members of PL Capital, the General Partner of Financial Edge Fund and Financial Edge Strategic; (2) shares of Common Stock held in the name of Goodbody/PL LP, in Mr. Palmer's, Mr. Lashley's and Mr. Goodbody's capacity as Managing Members of Goodbody/PL LLC, the General Partner of Goodbody/PL LP; (3) shares of Common Stock held in the name of Archimedes, in Mr. Palmer's, Mr. Lashley's and Mr. Goodbody's capacity as Managing Members of Goodbody/PL LLC, which has trading and certain other discretionary authority over Archimedes; The business address of Financial Edge Fund, Financial Edge Strategic, PL Capital, Goodbody/PL LP, Goodbody/PL LLC, Mr. Palmer, Mr. Lashley and Mr. Goodbody is: c/o PL Capital, 20 East Jefferson Avenue, Suite 22, Naperville, Illinois 60540. The principal employment of Messrs. Palmer, Lashley and Goodbody is investment management. Page 11 of 19 Pages The business address of Archimedes is 40 Swiss Partner, 23 Schanzengraben, 8039 Zurich, Switzerland. Archimedes is an investment company. (d) During the past five years, no member of the Group has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the past five years, no member of the Group (a) has 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 any violation with respect to such laws. (f) All of the individuals who are members of the Group are citizens of the United States. Item 3. Source and Amount of Funds or Other Consideration In aggregate, members of the Group own 96,300 shares of Common Stock. The amount of funds expended to date by Financial Edge Fund to acquire the 68,400 shares of Common Stock it holds in its name is $1,370,927. Such funds were provided in part from Financial Edge Fund's available capital and, from time to time, in part by margin account loans from subsidiaries of The Bear Stearns Companies, Inc. ("Bear Stearns"), extended in the ordinary course of business. The amount of funds expended to date by Financial Edge Strategic to acquire the 15,400 shares of Common Stock it holds in its name is $306,940. Such funds were provided in part from Financial Edge Strategic's available capital and, from time to time, in part by margin account loans from subsidiaries of Donaldson, Lufkin & Jenrette Securities Corporation ("DLJ"), extended in the ordinary course of business. The amount of funds expended to date by Goodbody/PL LP to acquire the 9,500 shares of Common Stock it holds in its name is $185,090. Such funds were provided in part from Goodbody/PL LP's available capital and, from time to time, in part by margin account loans from subsidiaries of Bear Stearns, extended in the ordinary course of business. The amount of funds expended to date by Archimedes to acquire the 3,000 shares of Common Stock it holds in its name is $57,385. Such funds were provided in part from Archimedes' available capital and, from time to time, in part by margin account loans from subsidiaries of Bear Stearns, extended in the ordinary course of business. All purchases of Common Stock made by members of the Group using funds borrowed from Bear Stearns or DLJ, if any, were made in margin transactions on those firms' usual terms and conditions. All or part of the shares of Common Stock owned by members of the Group may from time to time be pledged with one or more banking institutions or brokerage firms as collateral for loans made by such entities to members of the Group. Such loans Page 12 of 19 Pages generally bear interest at a rate based upon the broker's call rate from time to time in effect. Such indebtedness, if any, may be refinanced with other banks or broker-dealers. Item 4. Purpose of Transaction The purpose of the acquisition of the shares of Common Stock by members of the Group is to profit from appreciation in the market price of the Common Stock through the assertion of shareholder rights and influencing the policies of the Company. Members of the Group believe the Company's stock is undervalued, relative to its underlying franchise value, due in part to the Company's: (1) small market cap and illiquid stock; (2) infrequent use of stock buybacks; and (3) high efficiency ratio. The Group is concerned that Central Bancorp's stock price will remain permanently undervalued even if the factors noted above are addressed, because the Group believes the Company faces diminished prospects as a small thrift operating in a highly competitive market area. Despite the Group's concerns about Central Bancorp's long term prospects as an independent company, the Group believes the Company is located in a highly desirable market area (metropolitan Boston) that is populated with larger and more profitable financial services organizations, some of which may be interested in acquiring the Company. Therefore, the Group believes that the optimal way to maximize the value of the Company's franchise, and dramatically increase shareholder value, is for the Board of Directors of Central Bancorp to investigate the sale of the Company to a larger financial services organization. The Group notes that there has been a recent increase in merger activity in the Boston metro area. Based upon recent merger multiples and our understanding of the market area and the Company, it is the Group's opinion that the Company could garner a takeover premium that would be attractive to shareholders and which would exceed any realistically attainable value that the Company might produce by remaining independent. The Group believes its position is supported by the Company's recent announcement of earnings for the quarter ended June 30, 2001. On July 25, 2001, the Company announced that it earned $0.32 per share for the quarter ended June 30, 2001, a 25% decrease from results for the same quarter last year, $0.43. The Company's recent results equate to a 5.5% Return on Equity and a Return on Assets of 0.5%. The Company's results are significantly below what the Group feels is satisfactory for a company with the deposit base and market area that the Company has. On July 26, 2001, the CEO of the Company, John Doherty, agreed to meet with the principals of the PL Capital Group, at a mutually agreeable date in the near future. Members of the Group look forward to meeting with Mr. Doherty and his entire senior management team. On July 31, 2001, the Group sent a letter to Mr. Doherty, a copy of which is attached as Exhibit 2. The Group's letter responds to a press release issued by the Company on July 26, 2001 and to public statements made by members of the Company to various news services. The letter discusses the Group's concern about what it believes to be various inappropriate statements contained in the Company's press release and calls upon the Company Page 13 of 19 Pages to retract the Press Release, among other things. The Group's letter also calls upon the Board members who currently serve as Trustees of the Company's ESOP to resign, in light of the assertions made in the Company's July 26th press release. Members of the Group may also, among other things: (1) demand a shareholder list in order to contact other shareholders of the Company to discuss their concerns and views; (2) contact potential acquirers of the Company to encourage them to pursue merger discussions with the Company; (3) consider seeking election or appointment to the Board of Directors of the Company in connection with the 2002 Annual Meeting. Members of the Group may make further purchases of shares of Common Stock. Members of the Group may dispose of any or all the shares of Common Stock held by them, although they have no current intention to do so. Except as noted in this Schedule 13D, no member of the Group has any plans or proposals, which relate to, or would result in, any of the matters referred to in paragraphs (b) through (j), inclusive of Item (4) of Schedule 13D. Such individuals may, at any time and from time to time, review or reconsider their positions and formulate plans or proposals with respect thereto. Item 5. Interest in Securities of the Company The percentages used in this Schedule 13D are calculated based upon the number of outstanding shares of Common Stock, 1,702,164, reported as the number of outstanding shares as of June 8, 2001, on the Company's 2001 Proxy Statement dated June 26, 2001. All purchases and sales of Common Stock reported herein were made in open market transactions on the Nasdaq. (A) Financial Edge Fund (a)-(b) See cover page. (c) Financial Edge Fund made the following purchases of Common Stock in the last 60 days: --------- ---------------- ------------------- -------------- Date Number of Shares Price Per Share ($) Total Cost ($) --------- ---------------- ------------------- -------------- 6/4/01 2000 19.31 38,625 --------- ---------------- ------------------- -------------- 6/5/01 2000 19.36 38,725 --------- ---------------- ------------------- -------------- 6/8/01 5000 19.51 97,525 --------- ---------------- ------------------- -------------- 6/11/01 6500 20.36 132,350 --------- ---------------- ------------------- -------------- 6/12/01 4000 20.54 82,145 --------- ---------------- ------------------- -------------- 6/13/01 3400 21.16 71,935 --------- ---------------- ------------------- -------------- 6/14/01 4000 21.16 84,625 --------- ---------------- ------------------- -------------- 6/18/01 2500 21.16 52,900 --------- ---------------- ------------------- -------------- 6/19/01 2500 23.06 57,650 --------- ---------------- ------------------- -------------- 7/9/01 4400 23.30 102,545 --------- ---------------- ------------------- -------------- 7/16/01 1500 23.27 34,900 --------- ---------------- ------------------- -------------- 7/17/01 500 23.10 11,550 --------- ---------------- ------------------- -------------- 7/18/01 600 23.90 14,341 --------- ---------------- ------------------- -------------- 7/20/01 400 23.21 9,285 --------- ---------------- ------------------- -------------- Page 14 of 19 Pages --------- ---------------- ------------------- -------------- 7/20/01 1000 23.23 23,225 --------- ---------------- ------------------- -------------- 7/24/01 2100 23.62 49,585 --------- ---------------- ------------------- -------------- (d) Because they are the Managing Members of PL Capital, the general partner of Financial Edge Fund, Mr. Palmer and Mr. Lashley have the power to direct the affairs of Financial Edge Fund, including the voting and disposition of shares of Common Stock held in the name of Financial Edge Fund. Therefore, Mr. Palmer and Mr. Lashley are deemed to share voting and disposition power with Financial Edge Fund with regard to those shares of Common Stock. (B) Financial Edge Strategic (a)-(b) See cover page. (c) Financial Edge Strategic made the following purchases of Common Stock in the last 60 days. --------- ---------------- ------------------- -------------- Date Number of Shares Price Per Share ($) Total Cost ($) --------- ---------------- ------------------- -------------- 6/4/01 4,900 19.23 94,254 --------- ---------------- ------------------- -------------- 6/11/01 4,600 20.42 93,974 --------- ---------------- ------------------- -------------- 7/9/01 2,400 23.25 55,872 --------- ---------------- ------------------- -------------- (d) Because they are the Managing Members of PL Capital, the general partner of Financial Edge Strategic, Mr. Palmer and Mr. Lashley have the power to direct the affairs of Financial Edge Strategic, including the voting and disposition of shares of Common Stock held in the name of Financial Edge Strategic. Therefore, Mr. Palmer and Mr. Lashley are deemed to share voting and disposition power with Financial Edge Strategic with regard to those shares of Common Stock. (C) Goodbody/PL LP (a)-(b) See cover page. (c) Goodbody/PL LP made the following purchases of Common Stock in the last 60 days: --------- ---------------- ------------------- -------------- Date Number of Shares Price Per Share ($) Total Cost ($) --------- ---------------- ------------------- -------------- 6/11/01 1000 20.50 20,495 --------- ---------------- ------------------- -------------- 6/11/01 1500 20.49 30,730 --------- ---------------- ------------------- -------------- (d) Goodbody/PL LLC is the general partner of Goodbody/PL LP. Because they are the Managing Members of Goodbody/PL LLC, Messrs. Goodbody, Palmer and Lashley have the power to direct the affairs of Goodbody/PL LP. Therefore, Goodbody/PL LLC may be deemed to share with Messrs. Page 15 of 19 Pages Goodbody, Palmer and Lashley voting and disposition power with regard to the shares of Common Stock held by Goodbody/PL LP. (D) Archimedes (a)-(b) See cover page. (c) Archimedes has made no purchases of Common Stock in the last 60 days: (d) Goodbody/PL LLC has discretionary authority over Archimedes. Because they are the Managing Members of Goodbody/PL LLC, Messrs. Goodbody, Palmer and Lashley may be deemed to share with Goodbody/PL LLC voting and disposition power with regard to the shares of Common Stock held by Archimedes. (E) PL Capital (a)-(b) See cover page. (c) PL Capital has made no purchases of Common Stock directly. (d) PL Capital is the general partner of Financial Edge Fund and Financial Edge Strategic. Because they are the Managing Members of PL Capital, Mr. Palmer and Mr. Lashley have the power to direct the affairs of PL Capital. Therefore, PL Capital may be deemed to share with Mr. Palmer and Mr. Lashley voting and disposition power with regard to the shares of Common Stock held by Financial Edge Fund and Financial Edge Strategic. (F) Goodbody/PL LLC (a)-(b) See cover page. (c) Goodbody/PL LLC has made no purchases of Common Stock directly. (d) Goodbody/PL LLC is the general partner of Goodbody/PL LP. Because they are the Managing Members of Goodbody/PL LLC, Messrs. Goodbody, Palmer and Lashley have the power to direct the affairs of Goodbody/PL LLC. Therefore, Goodbody/PL LLC may be deemed to share with Messrs. Goodbody, Palmer and Lashley voting and disposition power with regard to the shares of Common Stock held by Goodbody/PL LP. (G) Mr. John Palmer (a)-(b) See cover page. Page 16 of 19 Pages (c) Mr. Palmer has made no purchases of Common Stock directly. (H) Mr. Richard Lashley (a)-(b) See cover page. (c) Mr. Lashley has made no purchases of Common Stock directly. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Company. Other than the Joint Filing Agreement filed as Exhibit 1 to this filing, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Company, including but not limited to transfer or voting of any of the securities, finders' fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or losses, or the giving or withholding of proxies, except for sharing of profits, as described below. With respect to Financial Edge Fund and Financial Edge Strategic, PL Capital is entitled to (1) an allocation of a portion of profits, if any, and (2) a management fee based upon a percentage of total capital. With respect to Goodbody/PL LP and Archimedes, Goodbody/PL LLC is entitled to (1) an allocation of a portion of profits, if any, and (2) a management fee based upon a percentage of total capital. Item 7. Material to be Filed as Exhibits No. Description --- ----------- 1 Joint Filing Agreement.* 2 Letter from The PL Capital Group to the Issuer, dated July 31, 2001. ______________ * Filed with an earlier-filed version of this Schedule 13D. Page 17 of 19 Pages SIGNATURES 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: August 2, 2001 FINANCIAL EDGE FUND, L.P. By: PL CAPITAL, LLC General Partner By: /s/ John Palmer /s/ Richard Lashley John Palmer Richard Lashley Managing Member Managing Member FINANCIAL EDGE-STRATEGIC FUND, L.P. By: PL CAPITAL, LLC General Partner By: /s/ John Palmer /s/ Richard Lashley John Palmer Richard Lashley Managing Member Managing Member PL CAPITAL, LLC By: /s/ John Palmer /s/ Richard Lashley John Palmer Richard Lashley Managing Member Managing Member GOODBODY/PL CAPITAL, L.P. By: GOODBODY/PL CAPITAL, LLC General Partner By: /s/ John Palmer /s/ Richard Lashley /s/ Garrett Goodbody John Palmer Richard Lashley Garrett Goodbody Managing Member Managing Member Managing Member Page 18 of 19 Pages GOODBODY/PL CAPITAL, LLC By: /s/ John Palmer /s/ Richard Lashley /s/ Garrett Goodbody John Palmer Richard Lashley Garrett Goodbody Managing Member Managing Member Managing Member ARCHIMEDES OVERSEAS, LTD By: GOODBODY/PL CAPITAL, LLC By: /s/ John Palmer /s/ Richard Lashley /s/ Garrett Goodbody John Palmer Richard Lashley Garrett Goodbody Managing Member Managing Member Managing Member By: /s/ John Palmer John Palmer By: /s/ Richard Lashley Richard Lashley By: /s/ Garrett Goodbody Garrett Goodbody Page 19 of 19 Pages EX-99.2 3 sdc40b.txt RESPONSE LETTER EXHIBIT 2 [ON LETTERHEAD] July 31, 2001 Mr. John D. Doherty President and Chief Executive Officer Central Bancorp, Inc. 399 Highland Avenue Somerville, MA 02144 Dear Mr. Doherty: We are responding to the press release (the "Press Release") issued by Central Bancorp, Inc. (the "Company") on July 26, 2001. The Press Release was apparently issued in response to the recent Schedule 13D filing of The PL Capital Group. As significant shareholders, we are very concerned that several statements contained in the Press Release appear to be deliberately designed to mislead the Company's shareholders. The Press Release implies repeatedly to shareholders that The PL Capital Group is conducting or may conduct a hostile takeover of the Company. On the contrary, The PL Capital Group, as is clear from its Schedule 13D, is only interested in maximizing shareholder value and not in acquiring the Company. In particular, we note the inaccuracy of the Press Release's statement that the PL Capital Group constitutes an "Adverse Person" under the Company's Shareholder Rights Plan, subject to its ownership level. Under the terms of the Shareholder Rights Plan, such a determination cannot be made until a potential "Adverse Person" holds more than 10% of the Company's outstanding shares. At that time, and not before, the Board would need to make a determination regarding "Adverse Person" status. Currently, The PL Capital Group holds 5.5% of the Company's shares. Therefore, the Press Release's statement is legally inaccurate, and the implication, that the PL Capital Group is interested in a hostile takeover, is false. There is no provision in the Company's Shareholder Rights Plan which precludes The PL Capital Group from pursuing its strategy of maximizing shareholder value. Similarly, the Press Release misconceives Massachusetts law regarding "interested shareholders." There is no statutory requirement that a shareholder receive permission from an issuer before acquiring 5% of the issuer's shares. Such a threshold only becomes important if the acquiror both acquires more than 5% of an issuer's shares and attempts to consummate a "business combination" with the issuer. Because The PL Capital Group does not fit within the statutory provisions, the Press Release's implication that The PL Capital Group failed to obtain a required statutory approval misleads shareholders. Despite the implications contained in the Press Release, there is nothing contained in either the Company's Shareholder Rights Plan or the "interested shareholder" rules which preclude the actions contemplated by The PL Capital Group in its Schedule 13D. Our concern is that the Press Release and subsequent public comments by the Company's spokesperson, are merely an attempt to obfuscate the issue of CEBK's performance and confuse shareholders. Additionally, we are even more concerned because the Press Release implies that the Board intends to ignore its fiduciary duties with respect to any potential future sale of the Company. We fail to see how the Board can currently reject a future sale of the Company without knowing the terms of a proposed sale, which cannot be known now. As you know, the Board must exercise its fiduciary duties to determine if any proposed sale is in the best interests of shareholders. It is appalling that management of the Company suggests that the entire Board would ignore its fiduciary duties and could only be forced to do so by replacement of the Board "over a period of thirty months". We hope, as shareholders, that this statement was made in error. We encourage the Company to reaffirm the commitment of the members of the Board to exercise their fiduciary duties by publishing an immediate retraction of the entire Press Release. We are also concerned about the Press Release's false statements regarding voting of shares held in the Company's ESOP. As you know, the majority of those shares have been allocated to individual employees, who determine how they are voted. The Press Release states that it is "not possible" for those shares to be voted in favor of a sale of the Company, when such a determination is made solely by the individual shareholders to whom shares are allocated. In addition, as to the minority of unallocated shares, the members of the Board who have been appointed as trustees of the ESOP are required under federal law to make an independent determination, as fiduciaries for ESOP beneficiaries, regarding a sale. Therefore, to suggest that it is a foregone conclusion that ESOP shares would be voted against a sale is false and misleading. In fact, if a sale that maximized shareholder value were proposed, it is likely that all ESOP shares would be voted in favor of a transaction. In light of the implication that the Board members serving as trustees of the ESOP would not vote the unallocated ESOP shares for a sale transaction, regardless of terms, we request that those trustees resign immediately. We demand that the Company immediately issue a press release that (a) corrects the false and misleading statements contained in the Press Release and (b) clarifies the desire of The PL Capital Group to maximize shareholder value for all shareholders. If the Company does not promptly issue such a press release, The PL Capital Group intends to evaluate using other measures to bring the actual facts to the Company's shareholders, including potential litigation for fraudulent and misleading statements in federal securities filings, as well as direct communication with shareholders. We are also concerned over public statements made by Mr. Morrissey that The PL Capital Group is somehow not concerned about Central Bancorp's recent quarterly earnings because Richard Lashley "did not mention any concerns" at the annual meeting. You can be assured that (1) our concerns are so deep and numerous that a side conversation in the hallway before the annual meeting would not be sufficient, and (2) we want all three of the PL Capital Group partners to discuss the issue directly with you, Mr. Feeley and the entire CEBK senior management team, not just the "company's spokesperson". That is why Richard made arrangements directly with you at the annual meeting, to have all three of the PL Capital Group principals meet in the near future with you and your entire management team to discuss our concerns and views about CEBK's financial performance and prospects as an independent entity. We also take issue with Mr. Morrissey's public comments that the "election of two directors" by "97% of the vote" was a "persuasive victory for the two directors". We can assure him that the 2001 vote was not reflective of shareholders' views about CEBK's performance nor a predictor of potential results of a contested election in 2002 and beyond. I assume you know as well as we do that receiving that type of support in an uncontested election, with "broker non-votes" automatically counted, is not relevant. We hope you do not take your shareholders that much for granted. We look forward to having an opportunity to meet with you and your management team in the near future. Very truly yours, /s/ Richard Lashley /s/ John Palmer /s/ Garrett Goodbody Richard Lashley John Palmer Garrett Goodbody Principal Principal Principal PL Capital, LLC & PL Capital, LLC & Goodbody/PL Capital, LLC Goodbody/PL Capital, LLC Goodbody/PL Capital, LLC -----END PRIVACY-ENHANCED MESSAGE-----