-----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, MRh5Fn874K7z0pPCGRIawGoXUTzU+A/lMoQbg4GdR4OSl3K/2vduKBFbfq0y4whN O+NDE+V/k0Y9SMIz+nDcUw== 0001193125-07-173137.txt : 20070807 0001193125-07-173137.hdr.sgml : 20070807 20070807100903 ACCESSION NUMBER: 0001193125-07-173137 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070807 DATE AS OF CHANGE: 20070807 GROUP MEMBERS: MALTA HEDGE FUND II, L.P. GROUP MEMBERS: MALTA HEDGE FUND, L.P. GROUP MEMBERS: MALTA OFFSHORE, LTD GROUP MEMBERS: MALTA PARTNERS, L.P. GROUP MEMBERS: SOAM CAPITAL PARTNERS, L.P. GROUP MEMBERS: SOAM HOLDINGS, LLC GROUP MEMBERS: TERRY MALTESE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LOUISIANA BANCORP INC CENTRAL INDEX KEY: 0001392562 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 000000000 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-83012 FILM NUMBER: 071030212 BUSINESS ADDRESS: STREET 1: 1600 VETERANS MEMORIAL BOULEVARD CITY: METARIE STATE: LA ZIP: 70005 BUSINESS PHONE: 504-834-1190 MAIL ADDRESS: STREET 1: 1600 VETERANS MEMORIAL BOULEVARD CITY: METARIE STATE: LA ZIP: 70005 FORMER COMPANY: FORMER CONFORMED NAME: BNO BANCORP INC DATE OF NAME CHANGE: 20070309 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SANDLER ONEILL ASSET MANAGEMENT LLC CENTRAL INDEX KEY: 0001040762 IRS NUMBER: 133906061 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 712 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2129741700 MAIL ADDRESS: STREET 1: 712 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D 1 dsc13d.htm SCHEDULE 13D Schedule 13D
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

 

Louisiana Bancorp Inc.


(Name of Issuer)

 

Common Stock, par value $0.01 per share


(Title of Class of Securities)

 

54619P104


(CUSIP Number)

 

Mr. Terry Maltese, Sandler O’Neill Asset Management LLC,

780 Third Avenue, 5th Floor, New York, NY 10017 (212) 486-7300


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

 

July 17, 2007


(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 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   ¨.

Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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 15 pages.

 

   Exhibit Index located on Page 12    SEC 1746 (12-91)


   SCHEDULE 13D   
CUSIP No. 54619P104       Page 2 of 15 Pages

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of above person

   
                 Sandler O’Neill Asset Management, LLC    
  2.   Check the Appropriate Box if a Member of a Group*  
  (a)  ¨  
    (b)  ¨    
  3.   SEC Use Only  
         
  4.   Source of Funds*  
                00    
  5.   Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ¨
         
  6.   Citizen or Place of Organization  
                 New York    
NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7.  Sole Voting Power
 
   
    8.   Shared Voting Power
 
                   276,900
    9.  Sole Dispositive Power
 
   
  10.  Shared Dispositive Power
 
                   276,900
11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                 276,900    
12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*   ¨
         
13.   Percent of Class Represented by Amount in Row (11)  
                 4.37%    
14.   Type of Reporting Person*  
                00    

*SEE INSTRUCTIONS BEFORE FILLING OUT!

INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7

(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


   SCHEDULE 13D   
CUSIP No. 54619P104       Page 3 of 15 Pages

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of above person

   
                SOAM Holdings, LLC    
  2.   Check the Appropriate Box if a Member of a Group*  
  (a)  ¨  
    (b)  ¨    
  3.   SEC Use Only  
         
  4.   Source of Funds*  
                00    
  5.   Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ¨
         
  6.   Citizen or Place of Organization  
                Delaware    
NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7.  Sole Voting Power
 
   
    8.   Shared Voting Power
 
                  192,000
    9.  Sole Dispositive Power
 
   
  10.  Shared Dispositive Power
 
                  192,000
11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                192,000    
12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*   ¨
         
13.   Percent of Class Represented by Amount in Row (11)  
                3.03%    
14.   Type of Reporting Person*  
                00    

*SEE INSTRUCTIONS BEFORE FILLING OUT!

INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7

(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


   SCHEDULE 13D   
CUSIP No. 54619P104       Page 4 of 15 Pages

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of above person

   
                Malta Partners, L.P.    
  2.   Check the Appropriate Box if a Member of a Group*  
  (a)  ¨  
    (b)  ¨    
  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.   Citizen or Place of Organization  
                Delaware    
NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7.  Sole Voting Power
 
   
    8.   Shared Voting Power
 
                  26,400
    9.  Sole Dispositive Power
 
   
  10.  Shared Dispositive Power
 
                  26,400
11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                26,400    
12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*   ¨
         
13.   Percent of Class Represented by Amount in Row (11)  
                0.42%    
14.   Type of Reporting Person*  
                PN    

*SEE INSTRUCTIONS BEFORE FILLING OUT!

INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7

(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


   SCHEDULE 13D   
CUSIP No. 54619P104       Page 5 of 15 Pages

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of above person

   
                Malta Hedge Fund, L.P.    
  2.   Check the Appropriate Box if a Member of a Group*  
  (a)  ¨  
    (b)  ¨    
  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.   Citizen or Place of Organization  
                Delaware    
NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7.  Sole Voting Power
 
   
    8.   Shared Voting Power
 
                  27,200
    9.  Sole Dispositive Power
 
   
  10.  Shared Dispositive Power
 
                  27,200
11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                27,200    
12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*   ¨
         
13.   Percent of Class Represented by Amount in Row (11)  
                0.43%    
14.   Type of Reporting Person*  
                PN    

*SEE INSTRUCTIONS BEFORE FILLING OUT!

INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7

(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


   SCHEDULE 13D   
CUSIP No. 54619P104       Page 6 of 15 Pages

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of above person

   
                Malta Hedge Fund II, L.P.    
  2.   Check the Appropriate Box if a Member of a Group*  
  (a)  ¨  
    (b)  ¨    
  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.   Citizen or Place of Organization  
                Delaware    
NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7.  Sole Voting Power
 
   
    8.   Shared Voting Power
 
                  138,400
    9.  Sole Dispositive Power
 
   
  10.  Shared Dispositive Power
 
                  138,400
11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                138,400    
12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*   ¨
         
13.   Percent of Class Represented by Amount in Row (11)  
                2.18%    
14.   Type of Reporting Person*  
                PN    

*SEE INSTRUCTIONS BEFORE FILLING OUT!

INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7

(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


   SCHEDULE 13D   
CUSIP No. 54619P104       Page 7 of 15 Pages

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of above person

   
                Malta Offshore, Ltd    
  2.   Check the Appropriate Box if a Member of a Group*  
  (a)  ¨  
    (b)  ¨    
  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.   Citizen or Place of Organization  
                Cayman Islands    
NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7.  Sole Voting Power
 
   
    8.   Shared Voting Power
 
                  84,900
    9.  Sole Dispositive Power
 
   
  10.  Shared Dispositive Power
 
                  84,900
11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                84,900    
12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*   ¨
         
13.   Percent of Class Represented by Amount in Row (11)  
                1.34%    
14.   Type of Reporting Person*  
                CO    

*SEE INSTRUCTIONS BEFORE FILLING OUT!

INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7

(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


   SCHEDULE 13D   
CUSIP No. 54619P104       Page 8 of 15 Pages

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of above person

   
                SOAM Capital Partners, L.P.    
  2.   Check the Appropriate Box if a Member of a Group*  
  (a)  ¨  
    (b)  ¨    
  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.   Citizen or Place of Organization  
                Delaware    
NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7.  Sole Voting Power
 
   
    8.  Shared Voting Power
 
                  75,000
    9.  Sole Dispositive Power
 
   
  10.  Shared Dispositive Power
 
                  75,000
11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                75,000    
12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*   ¨
         
13.   Percent of Class Represented by Amount in Row (11)  
                1.18%    
14.   Type of Reporting Person*  
                CO    

*SEE INSTRUCTIONS BEFORE FILLING OUT!

INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7

(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


   SCHEDULE 13D   
CUSIP No.54619P104       Page 9 of 15 Pages

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of above person

   
                Terry Maltese    
  2.   Check the Appropriate Box if a Member of a Group*  
  (a)  ¨  
    (b)  ¨    
  3.   SEC Use Only  
         
  4.   Source of Funds*  
                00    
  5.   Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ¨
         
  6.   Citizen or Place of Organization  
                USA    
NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7.  Sole Voting Power
 
   
    8.  Shared Voting Power
 
                  351,900
    9.  Sole Dispositive Power
 
   
  10.  Shared Dispositive Power
 
                  351,900
11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
                351,900    
12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*   ¨
         
13.   Percent of Class Represented by Amount in Row (11)  
                5.5%    
14.   Type of Reporting Person*  
                IN    

*SEE INSTRUCTIONS BEFORE FILLING OUT!

INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7

(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


Item 1. Security and Issuer.

The class of equity securities to which this statement relates is the common stock, par value $0.01 per share (“Common Stock”), of Louisiana Bancorp, Inc. (the “Issuer”), a company incorporated in Louisiana, with its principal office at 1600 Veterans Memorial Boulevard, Metarie, Louisiana 70005.

 

Item 2. Identity and Background.

(a) This statement is being filed by (i) Sandler O’Neill Asset Management LLC, a New York limited liability company (“SOAM”), with respect to shares of Common Stock beneficially owned by Malta Partners, L.P., a Delaware limited partnership (“MP”), Malta Hedge Fund, L.P., a Delaware limited partnership (“MHF”), Malta Hedge Fund II, L.P., a Delaware limited partnership (“MHFII”) and Malta Offshore, Ltd., a Cayman Islands company (“MO”), (ii) SOAM Holdings, LLC, a Delaware limited liability company (“Holdings”), with respect to shares of Common Stock beneficially owned by MP, MHF and MHFII, (iii) MP, with respect to shares of Common Stock beneficially owned by it, (iv) MHF, with respect to shares of Common Stock beneficially owned by it, (v) MHFII, with respect to shares of Common Stock beneficially owned by it, (vi) MO, with respect to shares of Common Stock beneficially owned by it, and (vii) Terry Maltese, with respect to shares of Common Stock beneficially owned by MP, MHF, MHFII and MO; and as managing member of SOAM Ventures, LLC (“Ventures”), a Delaware limited liability company, with respect to shares of Common Stock beneficially owned by SOAM Capital Partners, L.P. (“SCP”), a Delaware limited partnership of which Ventures is the management company. The foregoing persons are hereinafter sometimes referred to collectively as the “Reporting Persons” and MP, MHF and MHFII are sometimes collectively referred to herein as the “Partnerships.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

The sole general partner of each of the Partnerships is Holdings, and administrative and management services for the Partnerships are provided by SOAM. SOAM also provides management services to MO. The managing member and President of Holdings and SOAM is Mr. Maltese. In his capacity as President and managing member of Holdings, Ventures, and SOAM, Mr. Maltese exercises voting and dispositive power over all shares of Common Stock beneficially owned by MP, MHF, MHFII, SCP, MO, SOAM and Holdings. The non-managing member of Holdings and SOAM is Sandler O’Neill Holdings, LLC, a New York limited liability company (“S.O. Holdings”).

(b) The address of the principal offices of each of MP, MHF, MHFII, SCP, Holdings and SOAM and the business address of Mr. Maltese is Sandler O’Neill Asset Management LLC, 780 Third Avenue, 5th Floor, New York, New York 10017. The address of the principal office of MO is c/o BYSIS Hedge Fund Services (Cayman) Limited, P.O. Box 30362 SMB, Harbour Centre, Third Floor, George Town, Grand Cayman, Cayman Islands, British West Indies. The address of the principal office of S.O. Holdings is c/o Sandler O’Neill & Partners, L.P., 919 Third Avenue, 6th Floor, New York, New York 10022.

 

Page 10 of 15


(c) The principal business of MP, MHF, MHFII, and SCP is that of private partnerships engaged in investment in securities for its own account. The principal business of MO is that of investment in securities for its own account. The principal business of Holdings is that of acting as general partner for the Partnerships. The principal business of SOAM is that of providing administrative and management services to the Partnerships and management services to MO. The present principal occupation or employment of Mr. Maltese is President of SOAM and Holdings. The principal business of S.O. Holdings is investing in Holdings and SOAM.

(d) During the last five years, none of MP, MHF, MHFII, SCP MO, Holdings, SOAM, S.O. Holdings or Mr. Maltese has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) During the last five years, none of MP, MHF, MHFII, MO, SCP, Holdings, SOAM, S.O. Holdings or Mr. Maltese has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person 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 any violation with respect to such laws.

(f) Mr. Maltese is a U.S. citizen.

 

Item 3. Source and Amount of Funds.

The net investment cost (including commissions, if any) of the shares of Common Stock held by MP, MHF, MHFII, MO, and SCP is $279,761, $288,243, $1,466,655, $899,755, and $791,790 respectively. Such shares were purchased with the investment capital of the respective entities.

 

Item 4. Purpose of Transaction.

The purpose for which the Common Stock was acquired by the Reporting Persons is for investment. As such, in the ordinary course of their business, the Reporting Persons will continuously evaluate the financial condition, results of operations, business and prospects of the Issuer, the securities markets in general and the market for the Common Stock in particular, conditions in the economy and the financial institutions industry generally and other investment opportunities, all with a view to determining whether to hold, decrease or increase its investment in the Common Stock, through open market, privately negotiated or any other transactions. In the ordinary course of evaluating its investment, representatives of the Reporting Persons may from time to time seek to (or be invited to) discuss the business and policies of the Issuer with the management of the Issuer. However, none of the Reporting Persons has any plan or proposal as of the date hereof which would relate to or result in any transaction, change or event specified in clauses (a) through (j) of Item 4 of Schedule 13D.

 

Item 5. Interest in Securities of the Issuer.

(a) Based upon an aggregate of 6,345,732 shares of Common Stock outstanding, as determined by the Issuer’s most recently available public information, as of the close of business on July 9, 2007:

 

  (i) MP beneficially owned 26,400 shares of Common Stock, constituting 0.42% of the shares outstanding.

 

Page 11 of 15


  (ii) MHF beneficially owned 27,200 shares of Common Stock, constituting approximately 0.43% of the shares outstanding.

 

  (iii) MHFII beneficially owned 138,400 shares of Common Stock, constituting approximately 2.18% of the shares outstanding.

 

  (iv) MO beneficially owned 84,900 shares of Common Stock, constituting approximately 1.34% of the shares outstanding.

 

  (v) SCP beneficially owned 75,000 shares of Common Stock, constituting approximately 1.18% of the shares outstanding.

 

  (vi) SOAM owned directly no shares of Common Stock. By reason of its position as management company for MP, MHF, MHFII and MO, under the provisions of Rule 13d-3, SOAM may be deemed to beneficially own the 26,400 shares owned by MP, the 27,200 shares owned by MHF, the 138,400 shares owned by MHFII and the 84,900 shares owned by MO, or an aggregate of 276,900 shares of Common Stock, constituting approximately 4.37% of the shares outstanding.

 

  (vii) Holdings owned directly no shares of Common Stock. By reason of its position as general partner of MP, MHF and MHFII, under the provisions of Rule 13d-3 of the Securities and Exchange Commission (“Rule 13d-3”), Holdings may be deemed to beneficially own the 26,400 shares owned by MP, the 27,200 shares owned by MHF, and the 138,400 shares owned by MHFII, or an aggregate of 192,000 shares of Common Stock, constituting approximately 3.03% of the shares outstanding.

 

  (viii) Mr. Maltese directly owned no shares of Common Stock. By reason of his position as President of Holdings and SOAM, Mr. Maltese may be deemed to beneficially own the 26,400 shares owned by MP, the 27,200 shares owned by MHF, the 138,400 shares owned by MHFII, the 84,900 shares owned by MO, and the 75,000 shares owned by SCP, or an aggregate of 351,900 shares of Common Stock, constituting approximately 5.55% of the shares outstanding.

 

  (ix) In the aggregate, the Reporting Persons beneficially own 351,900 shares of Common Stock, constituting approximately 5.55% of the shares outstanding.

 

  (x) S.O. Holdings directly owned no shares of Common Stock.

(b) The Partnerships each have the power to dispose of and to vote the shares of Common Stock beneficially owned by it, which power may be exercised by its general partner, Holdings. Holdings is a party to a management agreement with SOAM

 

Page 12 of 15


pursuant to which SOAM shares the power to dispose of and to vote the shares of Common Stock beneficially owned by Holdings. MO has the power to dispose of and to vote the shares of Common Stock beneficially owned by it. MO is a party to a management agreement with SOAM pursuant to which SOAM shares the power to dispose of and to vote the shares of Common Stock beneficially owned by MO. Mr. Maltese, as President and managing member of Holdings, Ventures, and SOAM, shares the power to dispose of and to vote the shares of Common Stock beneficially owned by the other Reporting Persons.

(c) During the sixty days prior to July 30, 2007 the Reporting persons effected the following transactions in the Common Stock.

Transactions by MP last 60 days

 

Date

   Transaction    Price    Shares

7/10/2007

   purchase    10.5742    6,800

7/10/2007

   purchase    10.5149    2,700

7/11/2007

   purchase    10.8500    4,200

7/12/2007

   purchase    10.5500    4.400

7/13/2007

   purchase    10.5333    2,900

7/16/2007

   purchase    10.5500    1,400

7/17/2007

   purchase    10.5000    1,400

7/18/2007

   purchase    10.3500    1,000

7/23/2007

   purchase    10.7000    1,400

7/25/2007

   purchase    10.6500    200

Transactions by MHF last 60 days

 

Date

   Transaction    Price    Shares

7/10/2007

   purchase    10.5742    7,000

7/10/2007

   purchase    10.5149    2,800

7/11/2007

   purchase    10.8500    4,300

7/12/2007

   purchase    10.5500    4,500

7/13/2007

   purchase    10.5333    2,900

7/16/2007

   purchase    10.5500    1,500

7/17/2007

   purchase    10.5000    1,500

7/18/2007

   purchase    10.3500    1,000

7/23/2007

   purchase    10.7000    1,500

7/25/2007

   purchase    10.6500    200

Transactions by MHFII last 60 days

 

Date

   Transaction    Price    Shares

7/10/2007

   purchase    10.5742    35,700

7/10/2007

   purchase    10.5149    14,200

7/11/2007

   purchase    10.8500    21,900

7/12/2007

   purchase    10.5500    22,900

7/13/2007

   purchase    10.5333    15,000

7/16/2007

   purchase    10.5500    7,600

7/17/2007

   purchase    10.5000    7,600

7/18/2007

   purchase    10.3500    5,000

7/23/2007

   purchase    10.7000    7,600

7/25/2007

   purchase    10.6500    900


Transactions by MO last 60 days

 

Date

   Transaction    Price    Shares

7/10/2007

   purchase    10.5742    22,000

7/10/2007

   purchase    10.5149    8,800

7/11/2007

   purchase    10.8500    13,600

7/12/2007

   purchase    10.5500    14,200

7/13/2007

   purchase    10.5333    9,200

7/16/2007

   purchase    10.5500    4,500

7/17//2007

   purchase    10.5000    4,500

7/18/2007

   purchase    10.3500    3,000

7/23/2007

   purchase    10.7000    4.500

7/25/2007

   purchase    10.6500    600

Transactions by SCP last 60 days

 

Date

   Transaction    Price    Shares

7/10/2007

   purchase    10.5742    53,500

7/10/2007

   purchase    10.5149    21,500

(d) Not applicable.

(e) Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

There are no contracts, arrangements, understandings or relationships among the persons named in Item 2 or between such persons and any other person with respect to any securities of the Issuer.

 

Item 7. Material to be Filed as Exhibits.

 

Exhibit 1   Written Agreement relating to the filing of joint acquisition statements as required by Rule 13d-1(f)(1) of the Securities and Exchange Commission

 

Page 14 of 15


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: July 30, 2007

 

MALTA PARTNERS, L.P.

    MALTA HEDGE FUND, L.P.  

By:

 

SOAM Holdings, LLC,

the sole general partner

    By:  

SOAM Holdings, LLC,

the sole general partner

 

By:

 

/s/ Terry Maltese

    By:  

/s/ Terry Maltese

 
  Terry Maltese       Terry Maltese  
  President       President  

MALTA OFFSHORE, LTD

    MALTA HEDGE FUND II, L.P.  

By:

  Sandler O’Neill Asset Management LLC     By:  

SOAM Holdings, LLC,

the sole general partner

 

By:

 

/s/ Terry Maltese

    By:  

/s/ Terry Maltese

 
  Terry Maltese       Terry Maltese  
  President       President  

SOAM CAPITAL PARTNERS, L.P.

    Sandler O’Neill Asset Management LLC  

By:

  SOAM Venture Holdings     By:  

/s/ Terry Maltese

 
        Terry Maltese  

By:

 

/s/ Terry Maltese

      President  
  Terry Maltese        
  Managing Member        

SOAM Holdings, LLC

    Terry Maltese  

By:

 

/s/ Terry Maltese

    By:  

/s/ Terry Maltese

 
  Terry Maltese       Terry Maltese  
  President        

 

Page 15 of 15

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