-----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, U16yGX3S+0zAKPAbTb4/kU+o675Hb1XUPUReCQ5YkemKL551BuPwO9n1LQZJ7jAF HzXz/kigaj07+9kl9h9izw== 0000902664-02-000678.txt : 20020815 0000902664-02-000678.hdr.sgml : 20020815 20020815162551 ACCESSION NUMBER: 0000902664-02-000678 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020815 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ENDICOTT MANAGEMENT CO CENTRAL INDEX KEY: 0001165248 IRS NUMBER: 133890457 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 237 PARK AVE. STREET 2: SUITE 801 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128083767 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST MUTUAL BANCSHARES INC CENTRAL INDEX KEY: 0001098337 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 912005970 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-57091 FILM NUMBER: 02740035 BUSINESS ADDRESS: STREET 1: 400 108TH AVENUE N E CITY: BELLEVUE STATE: WA ZIP: 98004 BUSINESS PHONE: 4254557300 MAIL ADDRESS: STREET 1: PO BOX 1647 CITY: BELLEVUE STATE: WA ZIP: 98009-1647 SC 13G 1 srz9280204v2.txt FIRST MUTUAL BANCSHARES, INC. SC 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ SCHEDULE 13G (Rule 13d-102) ________________ INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. _____________)* First Mutual Bancshares, Inc. (Name of Issuer) Common Stock, $1.00 par value (Title of Class of Securities) 32190E102 (CUSIP Number) August 6, 2002 (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) ___________ * 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 the disclosures provided in a prior cover page. The information required in 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 ("Act") 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). Schedule 13G PAGE 2 OF 17 CUSIP No. 32190E102 _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Endicott Partners, L.P. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER 79,679 SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 79,679 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 0 _____________________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 79,679 _____________________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.9% _____________________________________________________________________________ (12) TYPE OF REPORTING PERSON PN _____________________________________________________________________________ Schedule 13G PAGE 3 OF 17 CUSIP No. 32190E102 _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Endicott Partners II, L.P. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER 98,165 SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 98,165 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 0 _____________________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 98,165 _____________________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.3% _____________________________________________________________________________ (12) TYPE OF REPORTING PERSON PN _____________________________________________________________________________ Schedule 13G PAGE 4 OF 17 CUSIP No. 32190E102 _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Endicott Offshore Investors, Ltd. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands _____________________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER 83,165 SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 83,165 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 0 _____________________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 83,165 _____________________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.0% _____________________________________________________________________________ (12) TYPE OF REPORTING PERSON CO _____________________________________________________________________________ Schedule 13G PAGE 5 OF 17 CUSIP No. 32190E102 _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON W.R. Endicott, L.L.C. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER 79,679 SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 79,679 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 0 _____________________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 79,679 _____________________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.9% _____________________________________________________________________________ (12) TYPE OF REPORTING PERSON OO _____________________________________________________________________________ Schedule 13G PAGE 6 OF 17 CUSIP No. 32190E102 _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON W.R. Endicott II, L.L.C. _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER 98,165 SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 98,165 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 0 _____________________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 98,165 _____________________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.3% _____________________________________________________________________________ (12) TYPE OF REPORTING PERSON OO _____________________________________________________________________________ Schedule 13G PAGE 7 OF 17 CUSIP No. 32190E102 _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Endicott Management Company _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER 110,545 SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 110,545 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 0 _____________________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 110,545 _____________________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.6% _____________________________________________________________________________ (12) TYPE OF REPORTING PERSON CO _____________________________________________________________________________ Schedule 13G PAGE 8 OF 17 CUSIP No. 32190E102 _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Wayne K. Goldstein (in the capacity described herein) _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States _____________________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 288,339 OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 288,339 _____________________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 288,339 _____________________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.9% _____________________________________________________________________________ (12) TYPE OF REPORTING PERSON IN _____________________________________________________________________________ Schedule 13G PAGE 9 OF 17 CUSIP No. 32190E102 _____________________________________________________________________________ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert I. Usdan (in the capacity described herein) _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States _____________________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER 0 SHARES ______________________________________________________________ BENEFICIALLY (6) SHARED VOTING POWER 288,339 OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 288,339 _____________________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 288,339 _____________________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.9% _____________________________________________________________________________ (12) TYPE OF REPORTING PERSON IN _____________________________________________________________________________ Schedule 13G PAGE 10 OF 17 ITEM 1(a). NAME OF ISSUER: First Mutual Bancshares, Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 400 108th Avenue N.E., Bellevue, WA, 98004 ITEM 2(a). NAME OF PERSON FILING: (i) Endicott Partners, L.P., a Delaware limited partnership ("EPLP"); (ii) Endicott Partners II, L.P., a Delaware limited partnership ("EPII"); (iii) Endicott Offshore Investors, Ltd., a British Virgin Islands international business company ("EOI"); (iv) W.R. Endicott, L.L.C., a Delaware limited liability company ("WRE LLC") and general partner of EPLP; (v) W.R. Endicott II, L.L.C., a Delaware limited liability company ("WRE II LLC") and general partner of EPII; (vi) Endicott Management Company, a Delaware corporation ("Endicott Management") and advisor to EOI and two managed accounts; (vii) Wayne K. Goldstein ("Mr. Goldstein"), a Managing Member of WRE LLC and WRE II LLC and Co-President of Endicott Management; and (viii) Robert I. Usdan ("Mr. Usdan"), a Managing Member of WRE LLC and WRE II LLC and Co-President of Endicott Management. ITEM 2(b). ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE: The address of the principal business offices of each of: (i) EPLP; (ii) EPII; (iii) WRE LLC; (iv) WRE II LLC; (v) Endicott Management; (vi) Mr. Goldstein; and (vii) Mr. Usdan is 237 Park Avenue, Suite 801, New York, New York 10017. The address of the principal business offices of EOI is c/o Trident Fund Services (B.V.I.) Ltd, Wickhams Cay, P.O. Box 146, Road Town, Tortola, British Virgin Islands. ITEM 2(c). CITIZENSHIP: EPLP - a Delaware limited partnership EPII - a Delaware limited partnership EOI - a British Virgin Islands international business company WRE LLC - a Delaware limited liability company WRE II LLC - a Delaware limited liability company Endicott Management - a Delaware corporation Mr. Goldstein - United States Mr. Usdan - United States ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $1.00 par value ITEM 2(e). CUSIP NUMBER: 32190E102 ITEM 3. This statement is not filed pursuant to either Rule 13d-1(b) or 13d-2(b) or (c). Schedule 13G PAGE 11 OF 17 ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: ------------------------- EPLP may be deemed to beneficially own 79,679 Shares. EPII may be deemed to beneficially own 98,165 Shares. EOI may be deemed to beneficially own 83,165 Shares. WRE LLC may be deemed to beneficially own 79,679 Shares as a result of its voting and dispositive power over the 79,679 Shares held by EPLP. WRE II LLC may be deemed to beneficially own 98,165 Shares as a result of its voting and dispositive power over the 98,165 Shares held by EPII. Endicott Management may be deemed to beneficially own 110,545 Shares as a result of its voting and dispositive power over: (i) the 83,165 Shares held by EOI; and (ii) the 27,380 Shares held by two managed accounts. Messrs. Goldstein and Usdan may each be deemed to beneficially own 288,389 Shares by virtue of their ultimate voting and dispositive power over: (i) the 79,679 Shares held by EPLP; (ii) the 98,165 Shares held by EPII; (iii) the 83,165 Shares held by EOI; and (iv) the 27,380 Shares held by the two managed accounts. (b) Percentage Beneficially Owned: ----------------------------- Based on calculations made in accordance with Rule 13d-3(d), and there being 4,190,888 Shares outstanding (5,210,144 Shares outstanding as per press release dated July 23, 2002 less Shares repurchased (1,019,256) from shareholder group disclosed in Form 8-K filed July 30, 2002): (i) EPLP may be deemed to beneficially own approximately 1.9% of the outstanding Shares; (ii) EPII may be deemed to beneficially own approximately 2.3% of the outstanding Shares; (iii) EOI may be deemed to beneficially own approximately 2.0% of the outstanding Shares; (iv) WRE LLC may be deemed to beneficially own approximately 1.9% of the outstanding Shares; (v) WRE II LLC may be deemed to beneficially own approximately 2.3% of the outstanding Shares; (vi) Endicott Management may be deemed to beneficially own approximately 2.6% of the outstanding Shares; (vii) Mr. Goldstein may be deemed to beneficially own approximately 6.9% of the outstanding Shares; and (viii) Mr. Usdan may be deemed to beneficially own approximately 6.9% of the outstanding Shares. (c) Number of Shares as to Which Such Person Has: -------------------------------------------- (i) EPLP may be deemed to have sole power to direct the voting and disposition of the 79,679 Shares it beneficially owns. EPII may be deemed to have sole power to direct the voting and disposition of the 98,165 Shares it beneficially owns. EOI may be deemed to have sole power to direct the voting and disposition of the 83,165 Shares it beneficially owns. WRE LLC may be deemed to have sole power to direct the voting and disposition of the 79,679 Shares it beneficially owns by virtue of the relationships Schedule 13G PAGE 12 OF 17 described in Item 2. WRE II LLC may be deemed to have sole power to direct the voting and disposition of the 98,165 Shares it beneficially owns by virtue of the relationships described in Item 2. Endicott Management may be deemed to have sole voting power to direct the voting and disposition of the 110,545 Shares it beneficially owns by virtue of the relationships described in Item 2. (ii) By virtue of the relationships between and among the Reporting Persons as described in Item 2, each of Messrs. Goldstein and Usdan, may be deemed to share the power to direct the voting and disposition of 288,339 Shares. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. The limited partners and the general partner of EPLP and EPII and the shareholders and advisor of EOI and the shareholders of two managed accounts have the right to participate in the receipt of dividends from, or proceeds from the sale of, the securities held for the account of EPLP, EPII, EOI and the two managed accounts in accordance with their ownership interests in such entities. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. See Item 2. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. By signing below we certify that, to the best of our 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 not held in connection with or as a participant in any transaction having that purpose or effect. Schedule 13G PAGE 13 OF 17 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: August 15, 2002 ENDICOTT PARTNERS, L.P. By: W.R. Endicott, L.L.C., its general partner By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Managing Member ENDICOTT PARTNERS II, L.P. By: W.R. Endicott, L.L.C., its general partner By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT, L.L.C. By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT II, L.L.C. By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Managing Member ENDICOTT OFFSHORE INVESTORS, LTD. By: /s/ Robert I. Usdan ------------------------- Name: Robert I. Usdan Title: Director Schedule 13G PAGE 14 OF 17 ENDICOTT MANAGEMENT COMPANY By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Co-President /s/ Wayne K. Goldstein ------------------------- Wayne K. Goldstein /s/ Robert I. Usdan ------------------------- Robert I. Usdan Schedule 13G PAGE 15 OF 17 Exhibit Index ------------- Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. Schedule 13G PAGE 16 OF 17 Exhibit 1 --------- JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate. Dated as of August 15, 2002 ENDICOTT PARTNERS, L.P. By: W.R. Endicott, L.L.C., its general partner By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Managing Member ENDICOTT PARTNERS II, L.P. By: W.R. Endicott, L.L.C., its general partner By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT, L.L.C. By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Managing Member W.R. ENDICOTT II, L.L.C. By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Managing Member Schedule 13G PAGE 17 OF 17 ENDICOTT OFFSHORE INVESTORS, LTD. By: /s/ Robert I. Usdan ------------------------- Name: Robert I. Usdan Title: Director ENDICOTT MANAGEMENT COMPANY By: /s/ Wayne K. Goldstein ------------------------- Name: Wayne K. Goldstein Title: Co-President /s/ Wayne K. Goldstein ------------------------- Wayne K. Goldstein /s/ Robert I. Usdan ------------------------- Robert I. Usdan -----END PRIVACY-ENHANCED MESSAGE-----