0000891836-12-000035.txt : 20120404 0000891836-12-000035.hdr.sgml : 20120404 20120404151959 ACCESSION NUMBER: 0000891836-12-000035 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120404 DATE AS OF CHANGE: 20120404 GROUP MEMBERS: AQUILINE BNC HOLDINGS LLC GROUP MEMBERS: AQUILINE CAPITAL PARTNERS GP (OFFSHORE) LTD. GROUP MEMBERS: AQUILINE CAPITAL PARTNERS GP LLC GROUP MEMBERS: AQUILINE CAPITAL PARTNERS LLC GROUP MEMBERS: AQUILINE FINANCIAL SERVICES FUND (OFFSHORE) L.P. GROUP MEMBERS: AQUILINE FINANCIAL SERVICES FUND L.P. GROUP MEMBERS: AQUILINE HOLDINGS (OFFSHORE) L.P. GROUP MEMBERS: AQUILINE HOLDINGS GP (OFFSHORE) LTD. GROUP MEMBERS: AQUILINE HOLDINGS GP INC. GROUP MEMBERS: AQUILINE HOLDINGS II LLC GROUP MEMBERS: AQUILINE HOLDINGS LLC GROUP MEMBERS: AQUILINE HOLDINGS LP GROUP MEMBERS: JEFFREY GREENBERG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BNC BANCORP CENTRAL INDEX KEY: 0001210227 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 470898685 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80700 FILM NUMBER: 12741524 BUSINESS ADDRESS: STREET 1: 1226 EASTCHESTER DRIVE CITY: HIGH POINT STATE: NC ZIP: 27265 BUSINESS PHONE: 3364769200 MAIL ADDRESS: STREET 1: 1226 EASTCHESTER DRIVE CITY: HIGH POINT STATE: NC ZIP: 27265 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Aquiline BNC Holdings LLC CENTRAL INDEX KEY: 0001494275 IRS NUMBER: 272762100 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: CORPORATION SERVICE COMPANY STREET 2: 2711 CENTERVILLE ROAD, SUITE 400 CITY: WILMINGTON STATE: DE ZIP: 19808 BUSINESS PHONE: 212-624-9500 MAIL ADDRESS: STREET 1: C/O AQUILINE CAPITAL PARTNERS GP LLC STREET 2: 535 MADISON AVE., 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 sc0021.htm AMENDMENT NO. 2 sc0021.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
 
(Amendment No. 2)*

BNC BANCORP
(Name of Issuer)

Common Stock, no par value
(Title of Class of Securities)

05566T101
(CUSIP Number)

EZRA S. BERGER
AQUILINE CAPITAL PARTNERS LLC
535 MADISON AVENUE
NEW YORK, NY 10022
(212) 624-9500

(Name, Address and Telephone Number of Person
Authorized to Receive Notices of Communication)

Copy to:

MARK J. MENTING, ESQ.
SULLIVAN & CROMWELL LLP
125 BROAD STREET
NEW YORK, NY 10004
(212) 558-4000

April 4, 2012
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

(Continued on following pages)

(Page 1 of 5 Pages)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“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).


 
 
 



CUSIP NO. 05566T101
Schedule 13D/A
2


           
This Amendment No. 2 to Schedule 13D  (this “Amendment”) amends and supplements the Statement of Beneficial Ownership on Schedule 13D, filed on June 24, 2010, as amended by the first amendment thereto, filed on April 11, 2011 (the “Prior Statements”).  Capitalized terms used and not defined in this Amendment shall have the meanings set forth in the Prior Statements.  Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Original Statement.
 
Item 4. Purpose of the Transaction

The Reporting Persons are considering converting the 1,804,566 shares of the Series B Preferred Stock held by Aquiline BNC Holdings LLC into shares of non-voting common stock of BNC (the “Non-voting Common Stock”)  should the shareholders of BNC approve the creation of Non-voting Common Stock and approve certain related proposals at the upcoming annual meeting of shareholders.  The shares of Non-voting Common Stock would be convertible into an equal number of shares of Voting Common Stock of BNC but only in connection with or after certain transfers to a third party unaffiliated with Aquiline BNC Holdings LLC.  The proposed terms of such Non-voting Common Stock are more fully described in the preliminary proxy statement filed by BNC with the Securities and Exchange Commission on April 2, 2012.



 
 
 


CUSIP NO. 05566T101
Schedule 13D/A
3


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:  April 4, 2012

 
Aquiline BNC Holdings LLC
   
 
By:
Aquiline Financial Services Fund L.P.
     
 
By:
Aquiline Capital Partners GP LLC, general partner of Aquiline Financial Services Fund L.P.
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory
   
   
 
Aquiline Financial Services Fund L.P.
   
 
By:
Aquiline Capital Partners GP LLC, general partner of Aquiline Financial Services Fund L.P.
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory
   
   
 
Aquiline Capital Partners GP LLC
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory
   
   
 
Aquiline Holdings II LLC
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory

 
 
 
 


CUSIP NO. 05566T101
Schedule 13D/A
4

 
 
Aquiline Financial Services Fund (Offshore) L.P.
     
 
By:
Aquiline Capital Partners GP (Offshore) Ltd., general partner of Aquiline Financial Services Fund (Offshore) L.P.
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory
   
   
 
Aquiline Capital Partners GP (Offshore) Ltd.
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory
   
   
 
Aquiline Capital Partners LLC
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory
   
   
 
Aquiline Holdings LLC
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory
   
   
 
Aquiline Holdings LP
     
 
By:
Aquiline Holdings GP Inc., general partner of Aquiline Holdings LP
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory

 
 
 
 


CUSIP NO. 05566T101
Schedule 13D/A
5

 
 
Aquiline Holdings GP Inc.
     
     
 
By:
/s/ Sandra Wijnberg
   
Name:
Sandra Wijnberg
   
Title:
Authorized Signatory
   
   
 
Aquiline Holdings (Offshore) L.P.
     
 
By:
Aquiline Holdings GP (Offshore) Ltd., general partner of Aquiline Holdings (Offshore) L.P.
     
     
 
By:
/s/ Jeffrey Greenberg
   
Name:
Jeffrey Greenberg
   
Title:
Authorized Signatory
   
   
 
Aquiline Holdings GP (Offshore) Ltd.
     
     
     
 
By:
/s/ Jeffrey Greenberg
   
Name:
Jeffrey Greenberg
   
Title:
Authorized Signatory
   
   
 
Jeffrey Greenberg
     
     
     
 
/s/ Jeffrey Greenberg
 
   Jeffrey Greenberg