-----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, LMzDdp/cmW9ssjdO5o6JsPfVV8EQZtSFJE9Z14H8xQC4KcdWHI3mYhcgY9an6XXb r2yY3eZ5mR/8Cb/YhqNRZA== 0001029311-97-000011.txt : 19970819 0001029311-97-000011.hdr.sgml : 19970819 ACCESSION NUMBER: 0001029311-97-000011 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970818 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTH VALLEY BANCORP CENTRAL INDEX KEY: 0000353191 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 942751350 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-35385 FILM NUMBER: 97665730 BUSINESS ADDRESS: STREET 1: 880 E CYPRESS AVE CITY: REDDING STATE: CA ZIP: 96002 BUSINESS PHONE: 9162218400 MAIL ADDRESS: STREET 1: P O BOX 493517 CITY: REDDING STATE: CA ZIP: 96049-3517 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANC FUND IV L P CENTRAL INDEX KEY: 0001029311 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 364066230 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: BANC FUNDS STREET 2: 208 SOUTH LASALLE STREET SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60604 BUSINESS PHONE: 3128554067 MAIL ADDRESS: STREET 1: 208 SOUTH LASALLE STREET STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60604 SC 13D 1 INITIAL POSITION OVER 5% UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No._) North Valley Bancorp (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 66304M-10-5 (CUSIP Number) Charles J. Moore The Banc Funds Company, L.L.C. 208 South LaSalle Street Chicago, Illinois 60604 (312) 855-6202 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 7, 1997 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report this 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 [ ]. Check the following box if a fee is being paid with the statement [ ]. 1 CUSIP No. 66304M-10-5 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person (optional) The Midwest Bank Fund II, L.P. 2 Check the Appropriate Box If A Member of a Group* (A) [ ] (B) [X] 3 SEC Use Only 4 Source of Funds: WC 5 Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization Illinois 7 Sole Voting Power Number of 10,108 shares Shares Beneficially 8 Shared Voting Power Owned By 0 Each Reporting 9 Sole Dispositive Power Person 10,108 shares With 10 Shared Dispositive Power 0 11 Aggregate Amount of Beneficially Owned by Each Reporting Person 10,108 shares 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [ ] 13 Percent of Class Represented By Amount In Row (11) 0.6% 14 Type of Reporting Person* PN 2 CUSIP No. 66304M-10-5 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person (optional) Banc Fund III L.P. 2 Check the Appropriate Box If A Member of a Group* (A) [ ]` (B) [X] 3 SEC Use Only 4 Source of Funds: WC 5 Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization Illinois 7 Sole Voting Power Number of 15,797 shares Shares Beneficially 8 Shared Voting Power Owned By 0 Each Reporting 9 Sole Dispositive Power Person 15,797 shares With 10 Shared Dispositive Power 0 11 Aggregate Amount of Beneficially Owned by Each Reporting Person 15,797 shares 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [ ] 13 Percent of Class Represented By Amount In Row (11) 0.9% 14 Type of Reporting Person* PN 3 CUSIP No. 66304M-10-5 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person (optional) Bank Fund III Trust 2 Check the Appropriate Box If A Member of a Group* (A) [ ] (B) [X] 3 SEC Use Only 4 Source of Funds: WC 5 Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization Illinois 7 Sole Voting Power Number of 48,422 shares Shares Beneficially 8 Shared Voting Power Owned By 0 Each Reporting 9 Sole Dispositive Power Person 48,422 shares With 10 Shared Dispositive Power 0 11 Aggregate Amount of Beneficially Owned by Each Reporting Person 48,422 shares 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [ ] 13 Percent of Class Represented By Amount In Row (11) 2.6% 14 Type of Reporting Person* 00 4 CUSIP No. 66304M-10-5 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person (optional) Banc Fund IV L.P. 2 Check the Appropriate Box If A Member of a Group* (A) [ ] (B) [X] 3 SEC Use Only 4 Source of Funds: WC 5 Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization Illinois 7 Sole Voting Power Number of 5,642 shares Shares Beneficially 8 Shared Voting Power Owned By 0 Each Reporting 9 Sole Dispositive Power Person 5,642 shares With 10 Shared Dispositive Power 0 11 Aggregate Amount of Beneficially Owned by Each Reporting Person 5,642 shares 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [ ] 13 Percent of Class Represented By Amount In Row (11) 0.3% 14 Type of Reporting Person* PN 5 CUSIP No. 66304M-10-5 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person (optional) Banc Fund IV Trust 2 Check the Appropriate Box If A Member of a Group* (A) [ ] (B) [X] 3 SEC Use Only 4 Source of Funds: WC 5 Check Box If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization Illinois 7 Sole Voting Power Number of 18,956 shares Shares Beneficially 8 Shared Voting Power Owned By 0 Each Reporting 9 Sole Dispositive Power Person 18,956 shares With 10 Shared Dispositive Power 0 11 Aggregate Amount of Beneficially Owned by Each Reporting Person 18,956 shares 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [ ] 13 Percent of Class Represented By Amount In Row (11) 1.0% 14 Type of Reporting Person* 00 6 This statement relates to the Common Stock, no par value ("Common Stock"), of North Valley Bancorp ("NOVB"). The address of the principal executive offices of NOVB is 880 E. Cypress Avenue, Redding, California 96002. Item 2. Identity and Background (a) This statement is filed by The Midwest Bank Fund II, L.P. ("BF II"), an Illinois Limited Partnership, Banc Fund III L.P. ("BF III"), an Illinois Limited Partnership, Bank Fund III Trust ("T III"), Banc Fund IV L.P. ("BF IV"), an Illinois Limited Partnership, and Banc Fund IV Trust ("T IV"). The business of the Funds is to provide financing to, and acquire equity interests in, banks and other depository institutions and holding companies controlling such entities. (i) The general partner of BF II is MidBanc II, L.P. ("MidBanc II"), whose principal business is to be a general partner of BF II. The general partner of BF III is MidBanc III L.P. ("MidBanc III"), whose principal business is to be a general partner of BF III. The general partner of BF IV is MidBanc IV L.P. ("MidBanc IV"), whose principal business is to be a general partner of BF IV. MidBanc II, III and IV are Illinois limited partnerships. (ii) The general partner of MidBanc II is ChiCorp Management II, Inc. ("Management II"), whose principal business is to be a general partner of MidBanc II. The general partner of MidBanc III is ChiCorp Management III, Inc. ("Management III"), whose principal business is to be a general partner of MidBanc III. The general partner of MidBanc IV is ChiCorp Management IV, Inc. ("Management IV"), whose principal business is to be a general partner of MidBanc IV. Management II, III, and IV are Illinois corporations. (iii) The executive officers and directors of Management II, III and IV are the same and are composed of: Name and Offices in Present Principal Management II, Occupation III and IV - ----------------- --------------- Joan W. Moore Secretary Member, The Banc Funds and Director Company, L.L.C. ("TBFC") Charles J. Moore President, Treasurer, Manager, BF II, BF III, T III, and Director BF IV, and T IV (iv) The sole stockholder of Management II, III and IV is TBFC, an Illinois limited liability company which is controlled by Charles J. Moore. Mr. Moore has been the manager of the investment decisions for each of BF II, BF III, BF IV, T III and T IV since their respective inceptions. As manager, Mr. Moore has voting and dispositive power over the securities of the issuer held by each of those entities. As the controlling member of TBFC, Mr. Moore will control Management II, III and IV, and therefore each of the Partnership entities directly and indirectly controlled by each of Management II, III and IV. (v) The investment manager of T III and T IV is TBFC under an Investment Management Agreement with each Trust. Charles J. Moore, as portfolio manager for T III and T IV, has voting and dispositive power 7 over the issuer's securities held by such trusts. (vi) Investment decisions by BF II require the approval of such Fund's Investment Committee. The Investment Committee of BF II is composed of the following persons: Name and Present Principal Business Occupation Address - -------------------------- ----------- James F. Ackerman 8910 Purdue Road Chairman and Chief Executive Indianapolis, IN Officer, Cardinal Communications 46268 cable television operation Richard A. Heise 440 S. LaSalle St. Real estate owner, developer and Chicago, IL 60605 venture capitalist Paul R. Judy 14 Country Lane Corporate Director and adviser Northfield, IL 60093 (b) and (c) The address of the principal business and principal office of BF II, BF III, T III, BF IV, T IV, MidBanc II, MidBanc III, MidBanc IV, Management II, Management III, Management IV, and TBFC and the business address of each of the persons named in paragraph (a)(iii) is 208 S. LaSalle Street, Chicago, IL 60604. (d) and (e) During the last five years, none of the persons named herein has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors), or been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgement, 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) Each of the persons named in paragraphs (a)(iv) and (vi) is a citizen of the United States of America. Item 3. Source and Amount of Funds or other Consideration. An aggregate of $1,837,171.98 from the capital of the Funds has been used in making purchases of 98,925 shares of Common Stock of NOVB. Item 4. Purpose of Transaction. The Funds acquired the Common Stock of NOVB reported herein for purposes of investment. The Funds may, in the future, purchase additional shares of Common Stock of NOVB or sell such securities. The Funds do not have any present plan or proposal which would relate to or result in transactions of the kind described in paragraphs (a) through (j) of Item 4 of Schedule 13d-101 of the Securities and Exchange Commission. The Funds reserve the right, in the future, to adopt such plans or proposals. Item 5. Interest in Securities of the Issuer. 8 (a) An aggregate of 98,925 shares of Common Stock are beneficially owned by the Funds. Such shares of Common Stock represent approximately 5.4% of the Common Stock of NOVB outstanding as of August 7, 1997. Of said shares, 10,108 shares of Common Stock are beneficially owned by BF II (0.6% of the outstanding shares), while 15,797 shares of Common Stock are beneficially owned by BF III (0.9% of the outstanding shares), while 48,422 shares of Common Stock are beneficially owned by T III (2.6% of the outstanding shares), while 5,642 shares of Common Stock are beneficially owned by BF IV (0.3% of the outstanding shares), and 18,956 shares of Common Stock are beneficially owned by T IV (1.0% of the outstanding shares). To the best knowledge and belief of the Funds, no securities of NOVB are owned by any of the other persons named in Item 2 or by any persons who together with any of the persons named in Item 2 comprise a group within the meaning of Section 13(d) (3) of the Securities Exchange Act of 1934, as amended. Anything to the contrary in this Schedule 13D notwithstanding, each Fund disclaims beneficial ownership of the shares of Common Stock beneficially owned by the other Fund. (b) The Funds have the sole power to vote or to direct the vote, and the sole power to dispose or to direct the disposition of, all of the shares beneficially owned by them as set forth in paragraph (a) above. As set forth in Item 2(a)(iv), Charles J. Moore as portfolio manager has the power to vote and to dispose of the issuer's securities, subject in the case of BF II to approval of disposition by the Investment Committee. (c) On August 8, 1997, the Funds' ownership of shares of Common Stock of NOVB increased to more than 5% of the adjusted outstanding shares of said class. The Funds have purchased and sold Common Shares on the open market as described in the table below: BF III Purchases: Dollar Number Cost per Date Amount of Shares Share - ---------- ------------ ------------ ---------- 08/07/97 32,518.12 1,107 29.375 T III Purchases: Dollar Number Cost per Date Amount of Shares Share - ------------ ------------ ------------ ---------- 08/07/97 99,669.37 3,393 29.375 BF IV Purchases: Dollar Number Cost per Date Amount of Shares Share - ------------ ------------ ------------ ---------- 08/07/97 70,529.37 2,401 29.375 08/12/97 6,784.12 229 29.625 T IV Purchases: Dollar Number Cost per Date Amount of Shares Share - ------------ ------------ ------------ ---------- 08/07/97 237,144.37 8,073 29.375 08/12/97 22,840.87 771 29.625 9 Item 6. Contracts, Arrangements, Understanding or Relationships with Respect to Securities of the Issuer. None Item 7. Material to be filed as exhibits. None 10 Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 18, 1997 THE MIDWEST BANK FUND II, L.P. By MIDBANC II, L.P., general partner By CHICORP MANAGEMENT II, INC., general partner By /s/ Charles J. Moore -------------------------- Charles J. Moore, President BANC FUND III L.P. By MIDBANC III L.P., general partner By CHICORP MANAGEMENT III, INC., general partner By /s/ Charles J. Moore -------------------------- Charles J. Moore, President BANK FUND III TRUST By THE BANC FUNDS COMPANY, L.L.C., Investment Manager By /s/ Charles J. Moore -------------------------- Charles J. Moore, President BANC FUND IV L.P. By MIDBANC IV L.P., general partner By CHICORP MANAGEMENT IV, INC., general partner By /s/ Charles J. Moore -------------------------- Charles J. Moore, President BANC FUND IV TRUST By THE BANC FUNDS COMPANY, L.L.C., Investment Manager By /s/ Charles J. Moore -------------------------- Charles J. Moore, President 11 -----END PRIVACY-ENHANCED MESSAGE-----