-----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, K5Gf2MJw9J5OO5wzkcZOmVyr5b4Dr/n5i9jrDl8RdZpH83skX/uqi/fr/bAXdvZh Jxo0+39GbC8huBecnFUXUQ== 0001041692-00-000001.txt : 20000203 0001041692-00-000001.hdr.sgml : 20000203 ACCESSION NUMBER: 0001041692-00-000001 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000128 GROUP MEMBERS: ERIC D. HOVDE GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS II L P GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS II, L.P. GROUP MEMBERS: HOVDE ACQUISITION, L.L.C. GROUP MEMBERS: HOVDE CAPITAL, L.L.C. GROUP MEMBERS: STEVEN D. HOVDE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST STATE BANCORPORATION CENTRAL INDEX KEY: 0000897861 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 850366665 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-44079 FILM NUMBER: 515169 BUSINESS ADDRESS: STREET 1: 111 LOMAS AVE N W CITY: ALBUQUERQUE STATE: NM ZIP: 87102 BUSINESS PHONE: 5052417500 MAIL ADDRESS: STREET 1: PO BOX 3686 CITY: ALBUQUERQUE STATE: NM ZIP: 87190 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL INSTITUTION PARTNERS II L P CENTRAL INDEX KEY: 0001041692 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 364131559 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1824 JEFFERSON PLACE NW CITY: WASHINGTON STATE: DC ZIP: 20036 BUSINESS PHONE: 2027758109 MAIL ADDRESS: STREET 1: 1824 JEFFERSON PLACE NW CITY: WASHINGTON STATE: DC ZIP: 20036 SC 13D/A 1 1 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE 13D UNDER THE EXCHANGE ACT OF 1934 (Amendment No. 4) FIRST STATE BANCORPORATION - ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - ------------------------------------------------------------------------------- (Title of Class of Securities) 336453105 ------------------------------------------------------------------------------- (CUSIP Number) Richard J. Perry, Jr., Esquire Perry & Bagheri, P.C. 1826 Jefferson Place, N.W. Washington, D. C. 20036 (202) 775-8109 ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 25, 2000 ------------------------------------------------------------------------------- (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. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent. * 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). Page 1 of 17 Pages Exhibit Index at page 16 2
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON Financial Institution Partners II, L.P. / 36-4131559 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC OO - ------------------------------------------------------------------------------- 5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) NO - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORIGIN Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 286,515 SHARES ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 286,515 SHARES ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 286,515 SHARES - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11 5.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------
Page 2 of 17 Pages 3
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON Hovde Capital, L.L.C. / 91-1825712 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) NO - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORIGIN Organized: State of Nevada - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 286,515 SHARES ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 286,515 SHARES ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 286,515 SHARES - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11 5.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------
Page 3 of 17 Pages 4
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON Hovde Acquisition, L.L.C. / 36-4009243 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC OO - ------------------------------------------------------------------------------- 5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) NO - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORIGIN Organized: State of Illinois - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY 184,950 SHARES EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 184,950 SHARES ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 184,950 SHARES - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11 3.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------
Page 4 of 17 Pages 5
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON Eric D. Hovde / ###-##-#### - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) NO - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORIGIN USA - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH (1) 471,465 SHARES ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 471,465 SHARES ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 471,465 SHARES - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11 9.6% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- (1) Of the 471,465 Shares beneficially owned by Eric D. Hovde, 286,515 of the Shares beneficially owned are as managing member of Hovde Capital, L.L.C. and 184,950 of the Shares beneficially owned are as managing member of Hovde Acquisition, L.L.C.
Page 5 of 17 Pages 6
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON / S.S. OR I.R.S. IDENTIFICATION OF ABOVE PERSON Steven D. Hovde / ###-##-#### - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. IS DISCLOSURE OF LEGAL PROCEEDING REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) NO - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORIGIN USA - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES OWNED BY EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH (2) 471,465 SHARES ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 471,465 SHARES ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 471,465 SHARES - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11 9.6% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- (2) Of the 471,465 Shares beneficially owned by Steven D. Hovde, 286,515 of the Shares beneficially owned are as managing member of Hovde Capital, L.L.C. and 184,950 of the Shares beneficially owned are as managing member of Hovde Acquisition, L.L.C.
Page 6 of 17 Pages 7 Item 1. Security and Issuer The class of security to which this statement relates is the common stock, no par value (the "Shares"), of First State Bancorporation (the "Issuer"). The address of the principal executive offices of the Issuer is 7900 Jefferson NE, Albuquerque, NM 87109. Item 2. Identity and Background The persons filing this statement are Financial Institution Partners II, L.P. (the "Limited Partnership"), Hovde Capital, L.L.C., Hovde Acquisition, L.L.C., Eric D. Hovde, and Steven D. Hovde who are collectively referred to herein as the "Reporting Persons." The Limited Partnership is a Delaware limited partnership formed for the purpose of investing in, among other things, the equity securities of various financial institutions and financial services companies. Hovde Capital, L.L.C., a Nevada limited liability company, is the general partner (the "General Partner") of the Limited Partnership. Hovde Acquisition, L.L.C. is an Illinois limited liability company formed for the purpose of investing in, among other things, the equity securities of various financial institutions. Both Eric D. Hovde and Steven D. Hovde are managing members of Hovde Capital, L.L.C. and Hovde Acquisition, L.L.C. Eric D. Hovde and Steven D. Hovde each hold beneficial interests in the Shares through ownership of an interest in, and positions as members and officers of the General Partner and Hovde Acquisition, L.L.C. Eric D. Hovde and Steven D. Hovde are also directors and executive officers of Hovde Financial, Inc. ("Hovde Financial"). Hovde Financial does not beneficially own any of the Shares. Attached as Schedule 1 hereto and incorporated by reference herein is a list containing the principal business and the address of its principal business and office for the Limited Partnership, the General Partner and Hovde Acquisition, L.L.C. as well as information required by (a) through (f) of this Item as to each executive officer, director and/or controlling person of the General Partner and Hovde Acquisition, L.L.C. who are Reporting Persons. The General Partner controls the Limited Partnership. None of the Reporting Persons or executive officers, directors or controlling persons of the General Partner or Hovde Acquisition, L.L.C. have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or 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 of any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration Information regarding the source and amount of funds used by the Reporting Persons in acquiring beneficial ownership of their Shares is set forth in Schedule 2 attached hereto and incorporated herein by reference. Item 4. Purpose of Transaction The Reporting Persons have acquired the Shares for investment purposes and as set forth below: (a) Each of the Reporting Persons may independently acquire additional Shares or dispose of some or all of its Shares. (b) None. Page 7 of 17 Pages 8 (c) None. (d) None. (e) None. (f) None. (g) None. (h) None. (i) None. (j) None. Item 5. Interest in Securities of the Issuer (a), (b) Schedule 3 hereto, which is incorporated by reference herein, sets forth, as of January 27, 2000, information relating to the aggregate number of Shares of the Issuer and the percentage of the outstanding Shares of the Issuer as of such date (based upon information provided by the Issuer, there are 4,919,988 Shares outstanding as of that date) as to each of the Reporting Persons. With respect to the Shares set forth on Schedule 3, by virtue of its control over the Limited Partnership, all decisions regarding voting and disposition of the Shares beneficially owned by the Limited Partnership are made by the General Partner acting through its chief executive officer or president. As such, the Limited Partnership and the General Partner share voting and investment power with respect to the Shares. Therefore, as a result of their ownership interest in, and positions as members and officers of the General Partner and Hovde Acquisition, L.L.C., Eric D. Hovde and Steven D. Hovde may be deemed to have beneficial ownership of the Shares. Neither the General Partner, its executive officers or controlling persons beneficially owns any Shares personally or otherwise, except for the Shares beneficially owned by Eric D. Hovde, Steven D. Hovde and Hovde Acquisition, L.L.C. (c) Schedule 4 hereto, which is incorporated by reference herein, describes, as of January 28, 2000, transactions in the Shares effected during the past sixty (60) days by the Reporting Persons. (d) None. (e) None. Each of the Reporting Persons disclaims beneficial ownership of Shares beneficially owned by any of the other Reporting Persons. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer None. Item 7. Materials to be filed as Exhibits Exhibit A - Consent Agreement pursuant to 17 C.F.R. 13d-1(f)(1) Exhibit B - [OMITTED - - FILED PURSUANT TO REQUEST FOR CONFIDENTIAL TREATMENT] (Incorporated by reference to Amendment No. 1, filed with the Securities and Exchange Commission (the "Commission") on December 1, 1998) Page 8 of 17 9 Exhibit C - Customer Agreement between Banc of America Securities LLC and Financial Institution Partners II, L.P. (Incorporated by reference to Amendment No. 1, filed with the Commission on December 1, 1998) Exhibit D - Prime Broker Agreement between Banc of America Securities LLC and Financial Institution Partners II, L.P. (Incorporated by reference to Amendment No. 1, filed with the Commission on December 1, 1998) Exhibit E - Partnership Agreement between Banc of America Securities LLC and Financial Institution Partners II, L.P. (Incorporated by reference to Amendment No. 1, filed with the Commission on December 1, 1998) Exhibit F - Customer Agreement between Banc of America Securities LLC and Hovde Acquisition, L.L.C. (Incorporated by reference to Amendment No. 1, filed with the Commission on March 3, 1999) Exhibit G - Prime Broker Agreement between Banc of America Securities LLC and Hovde Acquisition, L.L.C. (Incorporated by reference to Amendment No. 1, filed with the Commission on March 3, 1999) Exhibit H - Limited liability Company Agreement between Banc of America Securities LLC and Hovde Acquisition, L.L.C. (Incorporated by reference to Amendment No. 1, filed with the Commission on March 3, 1999) Page 9 of 17 10 Signatures After reasonable inquiry and to the best of his/its knowledge and belief, each of the undersigned Reporting Persons certifies that the information set forth in this statement with respect to him/it is true, complete and correct. FINANCIAL INSTITUTION PARTNERS II, L.P., by its General Partner, HOVDE CAPITAL, L.L.C. By: /s/ Eric D. Hovde ---------------------------------------------- Eric D. Hovde Its: Managing Member HOVDE CAPITAL, L.L.C. By: /s/ Eric D. Hovde ---------------------------------------------- Eric D. Hovde Its: Managing Member HOVDE ACQUISITION, L.L.C. By: /s/ Eric D. Hovde ---------------------------------------------- Eric D. Hovde Its: Managing Member ERIC D. HOVDE /s/ Eric D. Hovde ---------------------------------------------- STEVEN D. HOVDE /s/ Steven D. Hovde ---------------------------------------------- Dated: 1/28/00 Page 10 of 17 11 Schedule 1 INFORMATION RELATING TO REPORTING PERSONS
Principal Business and Address of Principal Business Name or Principal Office - ---- ------------------------------ Financial Institution Limited partnership formed to Partners II, L.P. make investments primarily in equity securities of financial institutions and financial services companies. 1824 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Delaware Hovde Capital, L.L.C. Limited liability company formed to serve as the general partner of Financial Institution Partners II, L.P. 1824 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Nevada Hovde Acquisition, L.L.C. Limited liability company formed to make investments primarily in equity securities of financial institutions. 1824 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Illinois Eric D. Hovde Investment banker Hovde Financial, Inc. 1826 Jefferson Place, N.W. Washington, D.C. 20036 Steven D. Hovde Investment banker Hovde Financial, Inc. 1629 Colonial Parkway Inverness, Illinois 60067
Page 11 of 17 12 INFORMATION RELATING TO EXECUTIVE OFFICERS, DIRECTORS AND/OR CONTROLLING PERSONS
NAME PRINCIPAL OCCUPATION ADDRESS BUSINESS ADDRESS CITIZENSHIP - ------- -------------------- ----------- Steven D. Hovde(3) Investment banker U.S. 1629 Colonial Parkway Hovde Financial, Inc. Inverness, Illinois 60067 1629 Colonial Parkway Inverness, Illinois 60067 Investment banking firm Eric D. Hovde (4) Investment banker U.S. 1826 Jefferson Place, N.W. Hovde Financial, Inc. Washington, D.C. 20036 1826 Jefferson Place, N.W. Washington, D.C. 20036 Investment banking firm
- ------------------------------------------------------------------------------- (3) Steven D. Hovde is affiliated with the following Reporting Persons: President, Treasurer of Hovde Capital, L.L.C.; Executive Vice President, Treasurer of Hovde Acquisition, L.L.C. (4) Eric D. Hovde is affiliated with the following Reporting Persons: Chairman and CEO of Hovde Capital, L.L.C.; President, Assistant Treasurer of Hovde Acquisition, L.L.C. Page 12 of 17 13 SCHEDULE 2 The following table sets forth the amount and source of funds used by each Reporting Person in acquiring the Shares beneficially owned by it.
Amount Originally Total Financed/ Source of Name Consideration Current Balance Funds - ------------------------------------------------------------------------------- Financial $4,226,070.51 $2,113,035.26/ Working Capital/ Institution $2,113,035.26 Margin Account(5) Partners II, L.P. Hovde Capital, $4,226,070.51 $2,113,035.26/ Working Capital/ L.L.C. $2,113,035.26 Margin Account of Affiliate(5) Hovde $2,391,798.57 $1,195,899.29/ Working Capital/ Acquisition, L.L.C. $1,195,899.29 Margin Account (6)
- ----------------------------------------------------- (5) $2,113,035.26 was financed through a margin account with Banc of America Securities LLC at Federal Funds rate +5/8. (6) $1,195,899.29 was financed through a margin account with Banc of America Securities LLC at Federal Funds rate +5/8. Page 13 of 17 14 SCHEDULE 3 The following table sets forth the number and approximate percentage of Shares beneficially owned by each of the Reporting Persons. Each of the Reporting Persons has shared power to vote or to direct the vote and to dispose or to direct the disposition of the Shares of which each of them, respectively, possesses beneficial ownership.
Approximate Name Number of Shares Percentage - ---- ---------------- ----------- Financial Institution 286,515 5.8% Partners II, L.P. Hovde Capital, L.L.C. 286,515 5.8% Hovde Acquisition, L.L.C. 184,950 3.8% Eric D. Hovde 471,465 9.6% Steven D. Hovde 471,465 9.6% - ------------------------------------------------------------------------------- Aggregate Shares Held by 471,465 9.6% Reporting Persons
Page 14 of 17 15 SCHEDULE 4 Description of Transactions in Shares Effected Within 60 Days. The Reporting Persons had effected the following transactions in the Shares within sixty (60) days of January 28, 2000:
- ------------------------------------------------------------------------------- Transaction Number of Transaction Transaction Broker Date Shares Price Type - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Hovde 1/25/00 5,000 $13.00 Buy Knight Acquisition, L.L.C. 1/14/00 5,000 $13.5625 Buy Knight 1/13/00 500 $13.0625 Buy Knight 1/12/00 2,500 $13.00 Buy Knight 1/11/00 5,000 $13.0625 Buy Knight 1/06/00 5,000 $13.3125 Buy Knight 1/05/00 8,500 $13.25 Buy Knight 12/28/99 1,200 $13.1875 Buy Knight 12/22/99 2,000 $13.5625 Buy Knight 12/21/99 3,000 $13.75 Buy Knight 12/15/99 1,000 $13.625 Buy Knight 12/14/99 1,500 $13.6875 Buy Knight 12/13/99 2,800 $13.75 Buy Knight 12/09/99 5,000 $13.6875 Buy Knight 12/08/99 1,000 $13.875 Buy Knight 11/30/99 5,000 $14.0625 Buy Knight Page 15 of 17 16 EXHIBIT INDEX
Page Exhibit A- Consent Agreement to 17 C.F.R. 13d-1(f)(1) 17 Exhibit B - [OMITTED - - FILED PURSUANT TO REQUEST FOR CONFIDENTIAL TREATMENT] (Incorporated by Reference to Amendment No. 1, filed with the Commission on December 1, 1998) (7) Exhibit C - Customer Agreement between Banc of America Securities LLC and Financial Institution Partners II, L.P. (Incorporated by Reference to Amendment No. 1, filed with the Commission on December 1, 1998) Exhibit D - Prime Broker Agreement between Banc of America Securities LLC and Financial Institution Partners II, L.P. (Incorporated by Reference to Amendment No. 1, filed with the Commission on December 1, 1998) Exhibit E - Partnership Agreement between Banc of America Securities LLC and Financial Institution Partners II, L.P. (Incorporated by Reference to Amendment No. 1, filed with the Commission on December 1, 1998) Exhibit F - Customer Agreement between Banc of America Securities LLC and Hovde Acquisition, L.L.C. (Incorporated by Reference to Amendment No. 1, filed with the Commission on March 3, 1999) Exhibit G - Prime Broker Agreement between Banc of America Securities LLC and Hovde Acquisition, L.L.C. (Incorporated by Reference to Amendment No. 1, filed with the Commission on March 3, 1999) Exhibit H - Limited Liability Agreement between Banc of America Securities LLC and Hovde Acquisition, L.L.C. (Incorporated by Reference to Amendment No. 1, filed with the Commission on March 3, 1999)
- ------------------------------------------ (7) Portions of Exhibit B have been omitted pursuant to a request for confidential treatment of information in accordance with Rule 24b-2 of the Securities and Exchange Act of 1934. Page 16 of 17 17 EXHIBIT A Consent Agreement Pursuant to 17 C.F.R. 13d-1(f)(1) Each of the undersigned hereby consents and agrees to the filing on behalf of each of them of the foregoing joint statement on Schedule 13D pursuant to 17 C.F.R. 13d-1(f)(1) with respect to his/its beneficial ownership of the shares of the Issuer. FINANCIAL INSTITUTION PARTNERS II, L.P., by its General Partner, HOVDE CAPITAL, L.L.C. By: /s/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Its: Managing Member HOVDE CAPITAL, L.L.C. By: /s/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Its: Managing Member HOVDE ACQUISITION, L.L.C. By: /s/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Its: Managing Member ERIC D. HOVDE /s/ Eric D. Hovde ------------------------------------------------- STEVEN D. HOVDE /s/ Steven D. Hovde ------------------------------------------------- Dated: 1/28/00 Page 17 of 17 -----END PRIVACY-ENHANCED MESSAGE-----