SC 13G 1 d7190585_sc13g.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.)*

DCB Financial Corp

(Name of issuer)

Common shares, no par value

(Title of class of securities)

233075100

 (CUSIP number)

June 10, 2016

 
(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)
   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).




 
     
CUSIP No. 233075100
 
Page 2 of 7 Pages

         
  1.
 
Name of Reporting Person
 
    Maltese Capital Management, LLC
   
     
  2.
 
Check the Appropriate Box if a Member of a Group*
 
 
 
(a) 
(b) 
 
 
  3.
 
SEC Use Only
 
   
  4.
 
Citizen or Place of Organization
 
    New York
   
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
   
   
 
5.    Sole Voting Power
 
   
6.    Shared Voting Power
 
        368,700
 
7.    Sole Dispositive Power
 
   
8.    Shared Dispositive Power
 
         368,700
 
         
 9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
    368,700
   
10.
 
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
 
 
11.
 
Percent of Class Represented by Amount in Row (9)
 
    5.02%
   
12.
 
Type of Reporting Person*
 
    00
   


 

CUSIP No. 233075100
 
Page 3 of 7 Pages

         
  1.
 
Name of Reporting Person
 
Terry Maltese
   
  2.
 
Check the Appropriate Box if a Member of a Group*
 
(a) 
(b) 
 
  3.
 
SEC Use Only
 
   
  4.
 
Citizen or Place of Organization
 
USA
   
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
   
   
 
5.    Sole Voting Power
   
6.    Shared Voting Power
 
    368,700
 
7.    Sole Dispositive Power
 
   
8.    Shared Dispositive Power
 
 368,700
 
         
 9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
368,700
   
10.
 
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
 
 
 
11.
 
Percent of Class Represented by Amount in Row (9)
 
5.02%
   
12.
 
Type of Reporting Person*
 
IN
   

 


CUSIP No. 233075100
 
Page 4 of 7 Pages

Item 1(a). Name of Issuer:
 
DCB Financial Corp

Item 1(b). Address of Issuer's Principal Executive Offices:
 
110 Riverbend Avenue, Lewis Center, OH 43035

Item 2(a). Name of Person Filing:
 
This statement is being filed by (i) Maltese Capital Management, LLC, a New York limited liability company ("MCM"), and (ii) Terry Maltese, Managing Member of MCM, with respect to common shares, no par value ("Common Shares"), that each of the foregoing may be deemed to have a beneficial ownership. The foregoing persons are hereinafter sometimes referred to collectively as the "Reporting Persons".

Item 2(b). Address of Principal Business Office:
 
The address of the principal offices of MCM and the business address of Mr. Maltese is Maltese Capital Management, LLC, 150 East 52nd Street, 30th Floor, New York, New York 10022.

Item 2(c). Citizenship:
 
Mr. Maltese is a U.S. Citizen.

Item 2(d). Title of Class of Securities:
 
Common shares, no par value

Item 2(e). CUSIP Number:
 
233075100

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 
(a)
[ ]
Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
 
(b)
[ ]
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
 
(c)
[ ]
Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
 
(d)
[ ]
Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
(e)
[ ]
An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E);
 
(f)
[ ]
An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F);
 
(g)
[ ]
A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G);
 
(h)
[ ]
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
(i)
[ ]
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
(j)
[ ]
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J).



 

CUSIP No. 233075100
 
Page 5 of 7 Pages

Item 4. Ownership.

(a) and (b)  Based upon an aggregate of 7,341,362 Common Shares as determined by the Issuer's most recently available 10Q filing, as of the close of business on May 9, 2016:

       
 
(i)
 
MCM owned directly no Common Shares. By reason of its position as investment adviser, MCM may be deemed to beneficially own 368,700 Common Shares of which are held of record by clients of MCM, constituting approximately 5.02% of the shares outstanding.
 
(ii)
 
Mr. Maltese directly owned no Common Shares. By reason of his position as Managing Member of MCM, Mr. Maltese may be deemed to beneficially own 368,700 Common Shares, constituting approximately 5.02% of the shares outstanding.

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote:

No Reporting Person has sole power to vote or to direct the vote over the shares held by such Reporting Person.

(ii) Shared power to vote or to direct the vote:

MCM:   368,700                                                      MR. MALTESE:  368,700
 
(iii) Sole power to dispose or to direct the disposition of:
No Reporting Person has sole power to dispose or to direct the disposition over the shares held by such Reporting Person.

(iv) Shared power to dispose or to direct the disposition of:

MCM:   368,700                                                      MR. MALTESE:  368,700

Each of the Reporting Persons hereby disclaims any beneficial ownership of any Shares in excess of their actual beneficial ownership thereof.

Item 5. Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.
 

CUSIP No. 233075100
 
Page 6 of 7 Pages


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.

Not applicable.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

By signing below I certify that, to the best of my 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 are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.




Exhibits:  [Exhibit I:  Joint Acquisition Statement, dated as of June 21, 2016.]
 

SIGNATURES

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.

Dated: June 21, 2016

                 
Maltese Capital Management, LLC
     
Terry Maltese
         
By:
 
/s/ Terry Maltese                                                                                           
     
By:
 
/s/ Terry Maltese                                                                                                        
   
Terry Maltese
Managing Member
         
Terry Maltese
 
     


 


 
EXHIBIT 1

JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k)

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 acquisition statements.  The undersigned acknowledge that each shall be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

Dated:  June 21, 2016


                 
Maltese Capital Management, LLC
     
Terry Maltese
         
By:
 
/s/ Terry Maltese                                                                                             
     
By:
 
/s/ Terry Maltese                                                                                                   
   
Terry Maltese
Managing Member
         
Terry Maltese