-----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, CPA6/MxO+N00aGHqgIN+a6EEcstFcgbV0TZwQJfwzNpg2DAk6YkZQ3ZSXDSB1dSv teco6Fwak2CdT1UmYjHi7Q== 0001041692-02-000019.txt : 20021115 0001041692-02-000019.hdr.sgml : 20021115 20021115142246 ACCESSION NUMBER: 0001041692-02-000019 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021115 GROUP MEMBERS: ERIC D. HOVDE GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS II, L.P. GROUP MEMBERS: HOVDE ACQUISITION II, 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: 1934 Act SEC FILE NUMBER: 005-44680 FILM NUMBER: 02829446 BUSINESS ADDRESS: STREET 1: 7900 JEFFERSON NE CITY: ALBUQUERQUE STATE: NM ZIP: 87109 BUSINESS PHONE: 5052417500 MAIL ADDRESS: STREET 1: 7900 JEFFERSON NE CITY: ALBUQUERQUE STATE: NM ZIP: 87190 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL INSTITUTION PARTNERS II L P CENTRAL INDEX KEY: 0001041692 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 fsnm13da6.txt 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE EXCHANGE ACT OF 1934 (Amendment No. 6)* FIRST STATE BANCORPORATION - ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, NO PAR VALUE - ------------------------------------------------------------------------------- (Title of Class of Securities) 336453105 - ------------------------------------------------------------------------------- (CUSIP Number) Richard J. Perry, Jr., Esquire Perry & Associates, 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) October 29, 2002 - ------------------------------------------------------------------------------- (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). Exhibit Index at page 13 Page 1 of 14 2
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). 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 (See Instructions) WC - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ---------------------------------------------------------------- EACH 8. SHARED VOTING POWER REPORTING PERSON WITH 235,515 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 235,515 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 235,515 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------
Page 2 of 14 3
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). 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. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e). [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Nevada - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ---------------------------------------------------------------- EACH REPORTING 8. SHARED VOTING POWER PERSON WITH(1) 235,515 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 235,515 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 235,515 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------- (1) Of the 235,515 Shares beneficially owned by Hovde Capital, L.L.C., 235,515 are as General Partner to Financial Institution Partners II, L.P., the direct owner.
Page 3 of 14 4
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Hovde Acquisition II, L.L.C. / 88-0500145 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e). [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Nevada - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ---------------------------------------------------------------- EACH REPORTING 8. SHARED VOTING POWER PERSON WITH 33,500 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 33,500 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,500 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.5% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------
Page 4 of 14 5
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). 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, PF - ------------------------------------------------------------------------------- 5. CHECK 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 BENEFICIALLY 75,558 OWNED BY ---------------------------------------------------------------- EACH 8. SHARED VOTING POWER REPORTING PERSON WITH(2) 269,015 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 75,558 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 269,015 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 344,573 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.7% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- (2) Of the 344,573 Shares beneficially owned by Eric D. Hovde, 235,515 are as President, Chief Executive Officer, and managing member of Hovde Capital, L.L.C., and 33,500 are as managing member and President of Hovde Acquisition II, L.L.C.
Page 5 of 14 6
- ------------------------------------------------------------------------------- CUSIP NUMBER 336453105 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 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, PF - ------------------------------------------------------------------------------- 5. CHECK 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 BENEFICIALLY 75,558 OWNED BY ---------------------------------------------------------------- EACH 8. SHARED VOTING POWER REPORTING PERSON WITH(3) 269,015 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 75,558 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 269,015 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 344,573 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.7% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- (3) Of the 344,573 Shares beneficially owned by Steven D. Hovde, 235,515 are as Chairman of Hovde Capital, L.L.C., and 33,500 are as managing member and Executive Vice President of Hovde Acquisition II, L.L.C.
Page 6 of 14 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 N.E., 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 II, 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 II, L.L.C. is a Nevada 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 members and officers of the General Partner and Hovde Acquisition II, 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 II, 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 II, 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 II, 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 II, 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 disposed of the Shares for investment purposes and as set forth below: Each of the Reporting Persons may independently acquire additional Shares or dispose of some or all of its Shares. The Reporting Persons expect to evaluate on an ongoing basis their investment in the Issuer, and may independently from time to time acquire additional Shares, dispose of Shares or formulate other purposes, plans or proposals regarding the Issuer or the Shares held by the Reporting Persons in addition to those discussed above. Any such acquisitions or dispositions may be made, subject to applicable law, in open market or privately negotiated transactions or otherwise. Except as described above, neither the Reporting Persons nor, to the knowledge of the Reporting Persons, any of the persons named in Schedule 1 hereto have any plans or proposals which related to or would result in any of the actions or transactions specified in clauses (a) through (j) of Item 4 of Schedule 13D. Page 7 of 14 8 Item 5. Interest in Securities of the Issuer (a), (b) Schedule 3 hereto, which is incorporated by reference herein, sets forth, as of November 15, 2002, 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 7,323,237 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, managing member, executive vice president, 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 II, 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, and Steven D. Hovde. (c) Schedule 4 hereto, which is incorporated by reference herein, describes, as of November 15, 2002, transactions in the Shares effected during the past sixty (60) days. (d) None. (e) The date on which the reporting persons ceased to be the beneficial owner of more than five percent of the class of securities is October 29, 2002. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Page 8 of 14 9 Item 7. Materials to be filed as Exhibits Exhibit A - Consent Agreement pursuant to 17 C.F.R. 13d-1(k)(1)(iii) Exhibit B - Addendum to Banc of America Securities LLC Customer Agreement (Incorporated by reference to Amendment No. 5, filed with the Commission on August 14, 2002) 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 - Account Agreement between Banc of America Securities LLC and Hovde Acquisition II, L.L.C. (Incorporated by reference to Amendment No. 5, filed with the Commission on August 14, 2002) Exhibit G - Prime Broker Agreement between Banc of America Securities LLC and Hovde Acquisition II, L.L.C. (Incorporated by reference to Amendment No. 5, filed with the Commission on August 14, 2002) Exhibit H - Limited Liability Company Agreement between Banc of America Securities LLC and Hovde Acquisition II, L.L.C. (Incorporated by reference to Amendment No. 5, filed with the Commission on August 14, 2002) 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/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary HOVDE CAPITAL, L.L.C. By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary HOVDE ACQUISITION II, L.L.C. By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary ERIC D. HOVDE /s/ Eric D. Hovde ------------------------------------------------- STEVEN D. HOVDE /s/ Steven D. Hovde ------------------------------------------------- Dated: 11/15/02 Page 9 of 14 10 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 II, L.L.C. Limited liability company formed to 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 Nevada
INFORMATION RELATING TO EXECUTIVE OFFICERS, DIRECTORS AND/OR CONTROLLING PERSONS
NAME PRINCIPAL OCCUPATION ADDRESS BUSINESS ADDRESS CITIZENSHIP - ------- -------------------- ----------- Steven D. Hovde(4) 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 (5) Portfolio Manager U.S. 1824 Jefferson Place, N.W. Hovde Capital Advisors LLC Washington, D.C. 20036 1824 Jefferson Place, N.W. Washington, D.C. 20036 Registered Investment Advisor
- ------------------------------------------------------------------------------- (4) Steven D. Hovde is affiliated with the following Reporting Persons: Chairman of Hovde Capital, L.L.C.; Managing Member, Executive Vice President, Treasurer of Hovde Acquisition II, L.L.C. (5) Eric D. Hovde is affiliated with the following Reporting Persons: President and CEO of Hovde Capital, L.L.C.; Managing Member, President, Assistant Treasurer of Hovde Acquisition II, L.L.C. Page 10 of 14 11 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 $3,447,357.32 $0 Working Capital Institution Partners II, L.P. Hovde Capital, $3,447,357.32 $0 Working Capital L.L.C. Of Affiliate Hovde Acquisition $ 433,487.71 $0 Working Capital II, L.L.C. Eric D. Hovde $4,858,557.99 $0 Working Capital Of Affiliates/ Personal Funds Steven D. Hovde $4,858,557.99 $0 Working Capital Of Affiliates/ Personal Funds
- ------------------------------------------------------------------------------- Page 11 of 14 12 SCHEDULE 3 The following table sets forth the number and approximate percentage of Shares beneficially owned by each of the Reporting Persons. With the exception of the 75,558 Shares held directly by Eric D. Hovde, and the 75,558 Shares held directly by Steven D. Hovde, 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 235,515 3.2% Partners II, L.P. Hovde Capital, L.L.C. 235,515 3.2% Hovde Acquisition II, L.L.C. 33,500 0.5% Eric D. Hovde 344,573 4.7% Steven D. Hovde 344,573 4.7% - ------------------------------------------------------------------------------- Aggregate Shares Held by 344,573 4.7% Reporting Persons
Page 12 of 14 13 SCHEDULE 4 Description of Transactions in Shares Effected Within 60 Days. The Reporting Persons have effected the following transactions in the Shares within sixty (60) days of November 15, 2002:
- ------------------------------------------------------------------------------- Transaction Number of Transaction Transaction Broker Date Shares Price Type - ------------------------------------------------------------------------------- Financial 10/15/02 6,200 $24.1279 Sell REDI Institution Partners 10/16/02 1,500 $24.2467 Sell REDI II, L.P. 10/17/02 1,500 $24.20 Sell REDI 10/24/02 300 $24.00 Sell REDI 10/25/02 1,000 $24.00 Sell REDI 10/28/02 300 $24.0167 Sell REDI 10/29/02 3,800 $24.0011 Sell REDI 11/01/02 3,000 $24.1134 Sell REDI 11/04/02 300 $24.1667 Sell REDI - -------------------------------------------------------------------------------
EXHIBIT INDEX Page Exhibit A - Consent Agreement pursuant to 17 C.F.R. 14 13d-1(k)(1)(iii) Exhibit B - Addendum to Banc of America Securities LLC Customer Agreement (Incorporated by reference to Amendment No. 5, filed with the Commission on August 14, 2002) 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 - Account Agreement between Banc of America Securities LLC and Hovde Acquisition II, L.L.C. (Incorporated by reference to Amendment No. 5, filed with the Commission on August 14, 2002) Exhibit G - Prime Broker Agreement between Banc of America Securities LLC and Hovde Acquisition II, L.L.C. (Incorporated by reference to Amendment No. 5, filed with the Commission on August 14, 2002) Exhibit H - Limited Liability Company Agreement between Banc of America Securities LLC and Hovde Acquisition II, L.L.C. (Incorporated by reference to Amendment No. 5, filed with the Commission on August 14, 2002)
- ------------------------------------------------------------------------------- Page 13 of 14 14 EXHIBIT A Consent Agreement Pursuant to 17 C.F.R. 13d-1(k)(1)(iii) 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(k)(1)(iii) 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/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary HOVDE CAPITAL, L.L.C. By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary HOVDE ACQUISITION II, L.L.C. By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary ERIC D. HOVDE /s/ Eric D. Hovde ------------------------------------------------- STEVEN D. HOVDE /s/ Steven D. Hovde ------------------------------------------------- Dated: 11/15/02 Page 14 of 14 -----END PRIVACY-ENHANCED MESSAGE-----