-----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, Qvp9ewI/6YdTl3VZNhNOvv7+RbcU8uADHqEerPCmKXWAkb6JOFfoJfPsMpGJ9U9m 6siLc2XrE2tTQ/0te5bhHQ== 0001214916-05-000044.txt : 20050817 0001214916-05-000044.hdr.sgml : 20050817 20050817170224 ACCESSION NUMBER: 0001214916-05-000044 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050817 DATE AS OF CHANGE: 20050817 GROUP MEMBERS: ERIC D. HOVDE GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS III, L.P. GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS IV, L.P. GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS, L.P. GROUP MEMBERS: FINANCIAL INSTITUTION PARTNERS, LTD GROUP MEMBERS: HOVDE CAPITAL ADVISORS LLC GROUP MEMBERS: STEVEN D. HOVDE FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOVDE CAPITAL ADVISORS LLC CENTRAL INDEX KEY: 0001214916 IRS NUMBER: 030430205 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 1824 JEFFERSON PLACE NW CITY: WASHINGTON STATE: DC ZIP: 20036 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL MERCANTILE BANCORP CENTRAL INDEX KEY: 0000714801 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 953819685 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39312 FILM NUMBER: 051033954 BUSINESS ADDRESS: STREET 1: 1840 CENTURY PARK EAST CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3102772265 MAIL ADDRESS: STREET 1: 1840 CENTURY PARK EAST CITY: LOS ANGELES STATE: CA ZIP: 90067 SC 13D/A 1 mbla13da2.txt 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE EXCHANGE ACT OF 1934 (Amendment No. 2)* National Mercantile Bancorp - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, No Par Value - ------------------------------------------------------------------------------- (Title of Class of Securities) 636912206 ------------------------------------------------------------------------------- (CUSIP Number) Richard J. Perry, Jr., Esquire 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) August 15, 2005 ------------------------------------------------------------------------------- (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 16 Page 1 of 17 2
- ------------------------------------------------------------------------------- CUSIP NUMBER 636912206 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Hovde Capital Advisors LLC / 03-0430205 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)X (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS (See Instructions) AF - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(1) 236,918 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 236,918 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 236,918 shares - ------------------------------------------------------------------------------- 12. CHECK 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 OO - ------------------------------------------------------------------------------- (1) The 236,918 shares beneficially owned by Hovde Capital Advisors LLC are as Investment Manager to Financial Institution Partners III, L.P., Financial Institution Partners, L.P., Financial Institution Partners, Ltd., and Financial Institution Partners IV, L.P., the direct owners.
Page 2 of 17 3
- ------------------------------------------------------------------------------- CUSIP NUMBER 636912206 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Financial Institution Partners III, L.P. / 52-2199979 - ------------------------------------------------------------------------------- 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) AND 2(e). [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 83,700 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 83,700 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 83,700 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.9% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------
Page 3 of 17 4
- ------------------------------------------------------------------------------- CUSIP NUMBER 636912206 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Financial Institution Partners, L.P. / 52-1899611 - ------------------------------------------------------------------------------- 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) AND 2(e). [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 105,235 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 105,235 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 105,235 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------
Page 4 of 17 5
- ------------------------------------------------------------------------------- CUSIP NUMBER 636912206 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Financial Institution Partners, Ltd. / N/A - ------------------------------------------------------------------------------- 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) AND 2(e). [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: Cayman Islands - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 33,918 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 33,918 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,918 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.8% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------
Page 5 of 17 6
- ------------------------------------------------------------------------------- CUSIP NUMBER 636912206 - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Financial Institution Partners IV, L.P. / 52-2075038 - ------------------------------------------------------------------------------- 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) AND 2(e). [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Organized: State of Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH 14,065 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 14,065 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,700 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------
Page 6 of 17 7
- ------------------------------------------------------------------------------- CUSIP NUMBER 636912206 - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e). [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(2) 236,918 Shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 236,918 Shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 236,918 Shares - ------------------------------------------------------------------------------- 12. CHECK 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 - ------------------------------------------------------------------------------- (2) The 236,918 shares beneficially owned by Eric D. Hovde are as President, CEO and Managing Member of Hovde Capital Advisors LLC, the Investment Manager to Financial Institution Partners III, L.P., Financial Institution Partners, L.P., Financial Institution Partners, Ltd., and Financial Institution Partners IV, L.P., the direct owners.
Page 7 of 17 8
- ------------------------------------------------------------------------------- CUSIP NUMBER 636912206 - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(3) 236,918 Shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 236,918 Shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 236,918 Shares - ------------------------------------------------------------------------------- 12. CHECK 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 - ------------------------------------------------------------------------------- (3) The 236,918 shares beneficially owned by Steven D. Hovde are as the Chairman of Hovde Capital Advisors LLC, the Investment Manager to Financial Institution Partners III, L.P., Financial Institution Partners, L.P., Financial Institution Partners, Ltd., and Financial Institution Partners IV, L.P., the direct owners.
Page 8 of 17 9 Item 1. Security and Issuer The class of security to which this statement relates is the common stock, no par value, of National Mercantile Bancorp (the "Issuer"). The address of the principal executive offices of the Issuer is 1880 Century Park East, Los Angeles, CA 90067. Item 2. Identity and Background The persons filing this statement are Financial Institution Partners III, L.P., Financial Institution Partners, L.P., Financial Institution Partners, Ltd., Financial Institution Partners IV, L.P. (the "Limited Partnerships"), Hovde Capital Advisors LLC (the "Investment Manager"), Eric D. Hovde, and Steven D. Hovde who are collectively referred to herein as the "Reporting Persons." The Limited Partnerships are Delaware limited partnerships (with the exception of Financial Institution Partners, Ltd. which is a Cayman Islands Exempted Company) formed for the purpose of investing in, among other things, the equity securities of various financial institutions and financial services companies. Hovde Capital Advisors LLC, a Delaware limited liability company, is the Investment Manager to Financial Institution Partners III, L.P., Financial Institution Partners, L.P., Financial Institution Partners, Ltd., and Financial Institution Partners IV, L.P., the direct owners. Eric D. Hovde and Steven D. Hovde each may be deemed to hold beneficial interests in the Shares through ownership of an interest in, and positions as officers and/or members of the Investment Manager. 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 offices for the Limited Partnerships and the Investment Manager as well as information required by (a) through (f) of this Item as to each executive officer, director and/or controlling person of the Investment Manager who are Reporting Persons. The Investment Manager controls Financial Institution Partners III, L.P., Financial Institution Partners, L.P., Financial Institution Partners, Ltd., and Financial Institution Partners IV, L.P., the direct owners. None of the Reporting Persons or executive officers, directors or controlling persons of the Investment Manager 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 number of Shares outstanding has increased due to the conversion of the Issuer's Series A Preferred stock to common stock. Therefore, notwithstanding the Reporting Persons' recent acquisitions of Shares, the Reporting Persons' beneficial ownership of the Shares has decreased by more than one percent. The Reporting Persons are filing this Schedule 13D/A in the event that the greater than one percent decrease in beneficial ownership as a result of the increase in the number of outstanding Shares is deemed to constitute a material change as defined in 17 C.F.R. Section 240.13d-2(a). The Reporting Persons have acquired 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 relate to or would result in any of the actions or transactions specified in clauses (a) through (j) of Item 4 of Schedule 13D. Page 9 of 17 10 Item 5. Interest in Securities of the Issuer (a), (b) Schedule 3 hereto, which is incorporated by reference herein, sets forth, as of August 17, 2005, 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 4,322,674 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 Partnerships, all decisions regarding voting and disposition of the Shares beneficially owned by the Limited Partnerships are made by Investment Manager, acting through its chief executive officer, president, or managing members. As such, the Limited Partnerships and the Investment Manager share voting and investment power with respect to the Shares. Therefore, as a result of their ownership interest in, and positions as officers and/or managers of the Investment Manager, Eric D. Hovde and Steven D. Hovde may be deemed to have beneficial ownership of the Shares. Neither the Investment Manager, nor their executive officers, or controlling persons beneficially owns any Shares personally or otherwise. (c) Schedule 4 hereto, which is incorporated by reference herein, describes, as of August 17, 2005, transactions in the Shares effected during the past sixty (60) days. (d) None. (e) Not Applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Page 10 of 17 11 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 - Options Agreement between Morgan Stanley & Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit C - Customer Prime Broker Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit D - Master Securities Loan Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit E - Account Control Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit F - Options Agreement between Morgan Stanley & Co. Incorporated and Financial Institution Partners, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit G - Customer Prime Broker Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit H - Master Securities Loan Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit I - Account Control Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit J - Options Agreement between Morgan Stanley & Co. Incorporated and Financial Institution Partners, Ltd. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit K - Customer Prime Broker Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, Ltd. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit L - Master Securities Loan Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, Ltd. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit M - Account Control Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, Ltd. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit N - Customer Agreement between Banc of America Securities LLC and Financial Institution Partners IV, L.P. Exhibit O - Prime Broker Agreement between Banc of America Securities LLC and Financial Institution Partners IV, L.P. Exhibit P - Partnership Agreement between Banc of America Securities LLC and Financial Institution Partners IV, L.P. 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 III, L.P., by its General Partner, HOVDE CAPITAL, LTD. By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary FINANCIAL INSTITUTION PARTNERS, L.P., by its General Partner, HOVDE CAPITAL IV, LLC By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary FINANCIAL INSTITUTION PARTNERS, LTD., by its General Partner, HOVDE CAPITAL OFFSHORE LLC By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary FINANCIAL INSTITUTION PARTNERS IV, L.P., by its General Partner, HOVDE CAPITAL LIMITED IV, LLC By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary HOVDE CAPITAL ADVISORS LLC 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: 08/17/05 Page 11 of 17 12 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 III, L.P. make investments primarily in equity securities of financial institutions and financial services companies. 1826 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Delaware Financial Institution Limited partnership formed to Partners, L.P. make investments primarily in equity securities of financial institutions and financial services companies. 1826 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Delaware Financial Institution Cayman Islands Exempted Company formed to Partners, Ltd. make investments primarily in equity securities of financial institutions and financial services companies. c/o Olympia Capital (Cayman) Limited c/o Caledonian House, PO Box 1043GT Grand Cayman, Cayman Islands, BWI Financial Institution Limited partnership formed to Partners IV, L.P. make investments primarily in equity securities of financial institutions and financial services companies. 1826 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Delaware Hovde Capital Advisors LLC Limited liability company and registered investment adviser formed to serve as an investment manager. 1826 Jefferson Place, N.W. Washington, D.C. 20036 Organized: State of Delaware
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. 1826 Jefferson Place, N.W. Hovde Capital Advisors LLC Washington, D.C. 20036 1826 Jefferson Place, N.W. Washington, D.C. 20036 Registered Investment Adviser
- ------------------------------------------------------------------------------- (4) Steven D. Hovde is affiliated with the following Reporting Persons: Chairman of Hovde Capital Advisors LLC (5) Eric D. Hovde is affiliated with the following Reporting Persons: President, Chief Executive Officer and Managing Member of Hovde Capital Advisors LLC 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 $ 640,305 $0 Working Capital Institution Partners III, L.P. Financial $ 1,007,118.4 $0 Working Capital Institution Partners, L.P. Financial $ 315,406.90 $0 Working Capital Institution Partners. Ltd. Financial $ 110,839.37 $0 Working Capital Institution Partners IV, L.P. Hovde Capital $2,073,669.50 $0 Working Capital Advisors LLC Of Affiliates Eric D. Hovde $2,073,669.50 $0 Working Capital Of Affiliates Steven D. Hovde $2,073,669.50 $0 Working Capital Of Affiliates
- ------------------------------------------------------------------------------- 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 83,700 1.9% Partners III, L.P. Financial Institution 105,235 2.4% Partners, L.P. Financial Institution 33,918 0.8% Partners, Ltd. Financial Institution 14,065 0.3% Partners IV, L.P. Hovde Capital Advisors LLC 236,918 5.5% Eric D. Hovde 236,918 5.5% Steven D. Hovde 236,918 5.5% - ------------------------------------------------------------------------------- Aggregate Shares Held by 236,418 5.5% Reporting Persons
Page 14 of 17 15 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 and all subsequent days up to May 5, 2003:
- ------------------------------------------------------------------------------- Transaction Number of Transaction Transaction Broker Date Shares Price Type - ------------------------------------------------------------------------------- Financial 08/15/05 318 $15.3472 Buy REDI Institution Partners, Ltd Financial 08/17/05 500 $15.3500 Buy REDI Institution Partners, LTd. - -------------------------------------------------------------------------------
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EXHIBIT INDEX Page Exhibit A - Consent Agreement to 17 C.F.R. 13d-1(k)(1)(iii) 17 Exhibit B - Options Agreement between Morgan Stanley & Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit C - Customer Prime Broker Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit D - Master Securities Loan Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit E - Account Control Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners III, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit F - Options Agreement between Morgan Stanley & Co. Incorporated and Financial Institution Partners, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit G - Customer Prime Broker Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit H - Master Securities Loan Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit I - Account Control Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, L.P. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit J - Options Agreement between Morgan Stanley & Co. Incorporated and Financial Institution Partners, Ltd. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit K - Customer Prime Broker Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, Ltd. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit L - Master Securities Loan Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, Ltd. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit M - Account Control Agreement between Morgan Stanley Co. Incorporated and Financial Institution Partners, Ltd. (Incorporated by reference to the Schedule 13D filed with the Commission on January 10, 2003) Exhibit N - Customer Agreement between Banc of America Securities LLC and Financial Institution Partners IV, L.P. (Incorporated by reference to the Schedule 13D/A filed with the Commission on May 5, 2003) Exhibit O - Prime Broker Agreement between Banc of America Securities LLC and Financial Institution Partners IV, L.P. (Incorporated by reference to the Schedule 13D/A filed with the Commission on May 5, 2003) Exhibit P - Partnership Agreement between Banc of America Securities LLC and Financial Institution Partners IV, L.P. (Incorporated by reference to the Schedule 13D/A filed with the Commission on May 5, 2003)
- ------------------------------------------------------------------------------- Page 16 of 17 17 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 III, L.P., by its General Partner, HOVDE CAPITAL, LTD. By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary FINANCIAL INSTITUTION PARTNERS, L.P., by its General Partner, HOVDE CAPITAL IV, LLC By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary FINANCIAL INSTITUTION PARTNERS, LTD., by its General Partner, HOVDE CAPITAL OFFSHORE LLC By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary FINANCIAL INSTITUTION PARTNERS IV, L.P., by its General Partner, HOVDE CAPITAL LIMITED IV, LLC By: /s/ Richard J. Perry, Jr. ------------------------------------------------- Richard J. Perry, Jr. Its: Secretary HOVDE CAPITAL ADVISORS LLC 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: 08/17/05 Page 17 of 17 -----END PRIVACY-ENHANCED MESSAGE-----