-----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, Mg3Nt0PZdpIgAnh+0vH1+Qi0YXGagGZS7ngnX1WCDiED3bXnieZ/Jml+1NWdDoHF ORJvpmNPm8A6KJsg6xKcdw== 0000914121-00-000200.txt : 20000224 0000914121-00-000200.hdr.sgml : 20000224 ACCESSION NUMBER: 0000914121-00-000200 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000223 GROUP MEMBERS: MARK E. STROME GROUP MEMBERS: SSCO, INC. GROUP MEMBERS: STROME HEDGECAP FUND, L.P. GROUP MEMBERS: STROME HEDGECAP LIMITED GROUP MEMBERS: STROME INVESTMENT MANAGEMENT LP GROUP MEMBERS: STROME OFFSHORE LIMITED GROUP MEMBERS: STROME PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK PLUS CORP CENTRAL INDEX KEY: 0001012616 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 954571410 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-47973 FILM NUMBER: 550938 BUSINESS ADDRESS: STREET 1: 4565 COLORADO BLVD CITY: LOS ANGELES STATE: CA ZIP: 90039 BUSINESS PHONE: 8185493116 MAIL ADDRESS: STREET 1: 4565 COLORADO BLVD CITY: LOS ANGELES STATE: CA ZIP: 90039 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STROME INVESTMENT MANAGEMENT LP CENTRAL INDEX KEY: 0000936711 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954450882 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: 15TH FLOOR CITY: SANTA MONICA STATE: CA ZIP: 90401 MAIL ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: 15TH FLOOR CITY: SANTA MONICA STATE: CA ZIP: 90401 FORMER COMPANY: FORMER CONFORMED NAME: STROME SUSSKIND INVESTMENT MANAGEMENT LP DATE OF NAME CHANGE: 19950202 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A) (AMENDMENT NO. 1)* Bank Plus Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock --------------------------------------------------------------- (Title of Class of Securities) 0644461073 - -------------------------------------------------------------------------------- (CUSIP Number) Jeffrey S. Lambert Strome Investment Management L.P. 100 Wilshire Blvd., 15th Floor Santa Monica, CA 90401 (310) 917-6600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 18, 2000 -------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 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 Rule 13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). PAGE 2 OF 12 PAGES SCHEDULE 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Investment Management L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON #95-4450882 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(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 Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,855,000 EACH REPORTING -------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,855,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,855,000 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)|_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN, IA - -------------------------------------------------------------------------------- SCHEDULE 13D PAGE 3 OF 12 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SSCO, Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 95-4450883 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(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 Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,855,000 EACH REPORTING -------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,855,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,855,000 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)|_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO, HC - -------------------------------------------------------------------------------- SCHEDULE 13D PAGE 4 OF 12 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Mark E. Strome S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(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 United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,855,000 EACH REPORTING -------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,855,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,855,000 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)|_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN, HC - -------------------------------------------------------------------------------- SCHEDULE 13D PAGE 5 OF 12 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Partners L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON #95-4372590 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(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 Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 296,800 EACH REPORTING -------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 296,800 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 296,800 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)|_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN, IA - -------------------------------------------------------------------------------- SCHEDULE 13D PAGE 6 OF 12 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Offshore Limited S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(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 Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,172,200 EACH REPORTING -------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,172,200 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,172,200 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)|_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- SCHEDULE 13D PAGE 7 OF 12 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Hedgecap Fund, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON #95-4385662 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(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 Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 330,350 EACH REPORTING -------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 330,350 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 330,350 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)|_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - -------------------------------------------------------------------------------- SCHEDULE 13D PAGE 8 OF 12 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Strome Hedgecap Limited S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(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 Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 55,650 EACH REPORTING -------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 55,650 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,650 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)|_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- PAGE 9 OF 12 PAGES INTRODUCTION This Amendment No. 1 relates to the Schedule 13D filed on behalf of (i) Strome Partners, L.P. ("SP"), (ii) Strome Offshore Limited ("SOFF"), (iii) Strome Hedgecap Fund, L.P. ("SHCF"), (iv) Strome Hedgecap Limited ("SHCL"), (v) Strome Investment Management, L.P. ("SIM"), (vi) SSCO, Inc. ("SSCO"), and (vii) Mark E. Strome ("Strome"), collectively the "Reporting Persons" with the Securities and Exchange Commission on December 2, 1999 (the "Schedule 13D"). Items 3, 4, 5 and 6 of the Schedule 13D are amended and supplemented as follows: ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The net investment cost (including commissions, if any) of the shares of Stock beneficially owned by SP is $1,577,666.47. The source of funds for this consideration was working capital. The net investment cost (including commissions, if any) of the shares of Stock beneficially owned by SOFF $6,233,790.89. The source of funds for this consideration was working capital. The net investment cost (including commissions, if any) of the shares of Stock beneficially owned by SHCF is $1,757,495.64. The source of funds for this consideration was working capital. The net investment cost (including commissions, if any) of the shares of Stock beneficially owned by SHCL is $295,812.49. The source of funds for this consideration was working capital. ITEM 4. PURPOSE OF TRANSACTION. The Reporting Persons have sent a notice of their intent to nominate two individuals for election to the Board of Directors of the Company at the next annual meeting of the shareholders of the Company. The notice is attached hereto as Exhibit A. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of the date hereof, the Reporting persons have the following interest in the securities of the Company: (i) SP beneficially owns 296,800 shares of Stock and is the beneficial owner of 1.5% of the Stock. (ii) SOFF beneficially owns 1,172,200 shares of Stock and is the beneficial owner of 6.0% of the Stock. (iii) SHCF beneficially owns 330,350 shares of Stock and is the beneficial owner of 1.7% of the Stock. (iv) SHCL beneficially owns 55,650 shares of Stock and is the beneficial owner of 0.3% of the Stock. (v) SIM, (y) as general partner of and discretionary investment adviser to SP and SHCF and (z) discretionary investment adviser to SOFF and SHCL, beneficially owns 1,855,000 shares of Stock and is the beneficial owner of 9.5% of the Stock. (vi) SSCO, as the general partner of SIM beneficially owns 1,855,000 shares of Stock and is the beneficial owner of 9.5% of the Stock. (vii) Strome, as a settlor and trustee of the The Mark E. Strome Living Trust dated 1/16/97, which trust is the controlling shareholder of SSCO, beneficially owns 1,855,000 shares of Stock and is the beneficial owner of 9.5% of the Stock. The Reporting Persons in the aggregate may be deemed to own an aggregate of 9.5% of the Stock. PAGE 10 OF 12 PAGES (b) SP SOFF SHCF SHCL SIM SSCO STROME -- ---- ---- ---- --- ---- ------ SOLE POWER 0 0 0 0 0 0 0 TO VOTE/ DIRECT VOTE SHARED 296,800 1,172,200 330,350 55,650 1,855,000 1,855,000 1,855,000 POWER TO VOTE/ DIRECT VOTE SOLE POWER 0 0 0 0 0 0 0 TO DISPOSE/ DIRECT DISPOSITION SHARED 296,800 1,172,200 330,350 55,650 1,855,000 1,855,000 1,855,000 POWER TO DISPOSE/ DIRECT DISPOSITION (c) The trading dates, number of shares purchased or sold and price paid per share for all transactions by the Reporting Persons since December 1, 1999, are set forth below. All such transactions were open market transactions and were effected on the NASDAQ National Market. No other transactions were effected by the Reporting Persons during such period. - -------------------------------------------------------------------------------- TRADE DATE BOUGHT (SOLD) NET AMOUNT - -------------------------------------------------------------------------------- SP 12/28/99 (1,600) 5,135.82 - -------------------------------------------------------------------------------- SP 12/30/99 (800) 2,567.91 - -------------------------------------------------------------------------------- SOFF 12/28/99 (6,400) 20,543.30 - -------------------------------------------------------------------------------- SOFF 12/30/99 (3,200) 10,271.65 - -------------------------------------------------------------------------------- SHCF 12/28/99 (1,700) 5,456.81 - -------------------------------------------------------------------------------- SHCF 12/30/99 (850) 2,728.40 - -------------------------------------------------------------------------------- SHCL 12/28/99 (300) 962.96 - -------------------------------------------------------------------------------- SHCL 12/30/99 (150) 981.48 - -------------------------------------------------------------------------------- ITEM 7. MATERIALS TO BE FILED AS EXHIBITS. EXHIBIT A Letter dated February 18, 2000, from Cede & Co. on behalf of the Reporting Persons to the Secretary of the Company, notifying the Company of the Reporting Persons' intent to nominate two individuals for election to the Company's Board of Directors at the next annual meeting. PAGE 11 OF 12 PAGES SIGNATURE. 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: February 22, 2000 Strome Partners, L.P. By: Strome Investment Management, L.P., general partner by its general partner, SSCO, Inc. By: /s/ Jeffrey Lambert ______________________ Jeffrey S. Lambert Chief Operating Officer Strome Offshore Limited By: /s/ Jeffrey Lambert ______________________ Jeffrey S. Lambert Director Strome Hedgecap Fund By: Strome Investment Management, L.P., general partner by its general partner, SSCO, Inc. By: /s/ Jeffrey Lambert ______________________ Jeffrey S. Lambert Chief Operating Officer Strome Hedgecap Limited By: /s/ Jeffrey Lambert ______________________ Jeffrey S. Lambert Director Strome Investment Management, L.P. By: SSCO, Inc., general partner By: /s/ Jeffrey Lambert ______________________ Jeffrey S. Lambert Chief Operating Officer SSCO, Inc. By: /s/ Jeffrey Lambert ______________________ Jeffrey S. Lambert Chief Operating Officer Mark E. Strome /s/ Jeffrey Lambert ___________________ PAGE 12 OF 12 PAGES EXHIBIT A Cede & Co. c/o The Depository Trust Company 55 Water Street New York, New York 10041 February 18, 2000 DELIVERED VIA COURIER - --------------------- Mr. Peter W. Sheil Corporate Secretary Bank Plus Corporation 4565 Colorado Boulevard Los Angeles, CA 90039 Re: Notice of Stockholder Nominations for the 2000 Annual Meeting of the Company ------------------------------------------------------------- Dear Mr. Sheil: Cede & Co., the nominee of the Depository Trust Company, is the holder of record of an aggregate of 1,855,000 shares (9.5%) of the common stock, par value $0.01 per share, of Bank Plus Corporation (the "Corporation"). DTC is informed by its Participant, Bear Stearns Securities Corp., that on the date hereof, 1,855,000 such shares credited to the Participant's DTC account are beneficially owned by Strome Investment Management, L.P., SSCO, Inc., Strome Partners, L.P., Strome Offshore Limited, Strome Hedgecap Fund, L.P., Strome Hedgecap Limited and Mark E. Strome (collectively, the "Strome Group"). Pursuant to Section 1.11 of the Amended and Restated By-Laws of the Corporation, the undersigned hereby give notice of their intention to nominate two individuals for election to the Board of Directors at the 2000 Annual Meeting of Stockholders of the Corporation (the "Annual Meeting"). At the request of the Participant, on behalf of the beneficial owners, Cede & Co. as holder of record of the shares intends to nominate, at the annual meeting, Mark E. Strome and Jeffrey E. Susskind for election as directors, each to serve until his successor is elected and qualified or until his earlier resignation or removal. The information with respect to the nominating stockholders required by Section 1.11 of the Corporation by-laws is set forth as Exhibit A hereto. The information required by Section 1.11 of the Corporation by-laws with respect to the nominees is set forth on Exhibit B hereto. The Strome Group intends to deliver a proxy statement and form of proxy to holders of a sufficient number of the Corporation's voting shares to elect the two nominees described in Exhibit B. While Cede & Co. is furnishing this intent to nominate as the stockholder of record of these shares, it does so at the request of the Participant and only as a nominal party for the true party in interest, the beneficial owners. Cede & Co. has no interest in matter other than to take those steps which are necessary to ensure that the beneficial owner is not denied his rights as the beneficial owner of the shares and Cede & Co. assumes no further responsibility in this matter. Sincerely, Cede & Co. By: /s/ Cede & Co. --------------- -----END PRIVACY-ENHANCED MESSAGE-----