1
OMB APPROVAL
OMB NUMBER: 3235-0145
EXPIRES: OCTOBER 31, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE....14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.___)*
Northeast Bancorp
(NAME OF ISSUER)
Common Stock, par value $ 1.00 per share
(TITLE OF CLASS OF SECURITIES)
663904100
(CUSIP NUMBER)
Mr. Terry Maltese, Sandler O'Neill Asset Management LLC,
780 Third Avenue, 30th Floor, New York, NY 10017 (212) 486-7300
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND
COMMUNICATIONS)
April 10, 2001
(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 17 PAGES.
EXHIBIT INDEX LOCATED ON PAGE ___
SEC 1746 (12-91)
2
SCHEDULE 13D
CUSIP NO. 663904100 PAGE 2 OF 17 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
7 SOLE VOTING POWER
NUMBER OF
SHARES BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 148,100
REPORTING PERSON
WITH 9 SOLE DISPOSITIVE POWER
10 SHARED DISPOSITIVE POWER
148,100
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
148,100
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
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.
2 OF 9
3
SCHEDULE 13D
CUSIP NO. 663904100 PAGE 3 OF 17 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
7 SOLE VOTING POWER
NUMBER OF
SHARES BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 128,400
REPORTING PERSON
WITH 9 SOLE DISPOSITIVE POWER
10 SHARED DISPOSITIVE POWER
128,400
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
128,400
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
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.
3 OF 9
4
SCHEDULE 13D
CUSIP NO. 663904100 PAGE 4 OF 17 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
7 SOLE VOTING POWER
NUMBER OF
SHARES BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 9,900
REPORTING PERSON
WITH 9 SOLE DISPOSITIVE POWER
10 SHARED DISPOSITIVE POWER
9,900
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,900
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
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.
4 OF 9
5
SCHEDULE 13D
CUSIP NO. 663904100 PAGE 5 OF 17 PAGES
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Malta Partners 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
7 SOLE VOTING POWER
NUMBER OF
SHARES BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 34,700
REPORTING PERSON
WITH 9 SOLE DISPOSITIVE POWER
10 SHARED DISPOSITIVE POWER
34,700
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
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.
5 OF 9
6
SCHEDULE 13D
CUSIP NO. 663904100 PAGE 6 OF 17 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
7 SOLE VOTING POWER
NUMBER OF
SHARES BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 13,100
REPORTING PERSON
WITH 9 SOLE DISPOSITIVE POWER
10 SHARED DISPOSITIVE POWER
13,100
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,100
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
14 TYPE OF REPORTING PERSON*
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.
6 OF 9
7
SCHEDULE 13D
CUSIP NO. 663904100 PAGE 7 OF 17 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
7 SOLE VOTING POWER
NUMBER OF
SHARES BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 70,700
REPORTING PERSON
WITH 9 SOLE DISPOSITIVE POWER
10 SHARED DISPOSITIVE POWER
70,700
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.7%
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.
7 OF 9
8
SCHEDULE 13D
CUSIP NO. 663904100 PAGE 8 OF 17 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
7 SOLE VOTING POWER
NUMBER OF
SHARES BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 19,700
REPORTING PERSON
WITH 9 SOLE DISPOSITIVE POWER
10 SHARED DISPOSITIVE POWER
19,700
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
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.
8 OF 9
9
SCHEDULE 13D
CUSIP NO. 663904100 PAGE 9 OF 17 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
7 SOLE VOTING POWER
NUMBER OF
SHARES BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 148,100
REPORTING PERSON
WITH 9 SOLE DISPOSITIVE POWER
10 SHARED DISPOSITIVE POWER
148,100
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
148,100
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
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.
9 OF 9
10
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this statement relates is the
common stock, par value $1.00 per share ("Common Stock"), of Northeast Bancorp
(the "Issuer"), a Maine corporation having its principal office at 232 Center
Street, Auburn, Maine 04210.
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
Partners II, L.P., a Delaware limited partnership ("MPII"), 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, MPII 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) MPII, with respect to shares of
Common Stock beneficially owned by it, (vi) MHFII, with respect to shares of
Common Stock beneficially owned by it, (vii) MO, with respect to shares of
Common Stock beneficially owned by it, and (viii) Terry Maltese, with respect to
shares of Common Stock beneficially owned by MP, MHF, MPII, MHFII and MO. The
foregoing persons are hereinafter sometimes referred to collectively as the
"Reporting Persons" and MP, MHF, MPII 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 and SOAM, Mr. Maltese exercises voting and
dispositive power over all shares of Common Stock beneficially owned by MP, MHF,
MPII, MHFII, MO, SOAM and Holdings. The non-managing member of Holdings and SOAM
is 2 WTC LLC, a New York limited liability company ("2WTC").
(b) The address of the principal offices of each of MP, MHF, MPII, MHFII,
Holdings and SOAM and the business address of Mr. Maltese is Sandler O'Neill
Asset Management LLC, 780 Third Avenue, 30th Floor, New York, New York 10017.
The address of the principal offices of MO is c/o Hemisphere Fund Managers
Limited, Harbour Centre, Third Floor, George Town, Grand Cayman, Cayman Islands,
British West Indies. The address of the principal offices of 2WTC is c/o Sandler
O'Neill & Partners, L.P., 2 World Trade Center -- 104th Floor, New York, New
York 10048.
Page 10 of 17
11
(c) The principal business of MP, MHF, MPII and MHFII 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 2WTC is investing in
Holdings and SOAM.
(d) During the last five years, none of MP, MHF, MPII, MHFII, MO, Holdings,
SOAM, 2WTC 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, MPII, MHFII, MO, Holdings,
SOAM, 2WTC 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, MPII, MHFII and MO is $94,319, $124,961,
$332,378, $686,887 and $189,957, 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.
Page 11 of 17
12
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Based upon an aggregate of 2,661,270 shares of Common Stock outstanding, as
set forth in the Issuer's Quarterly Report on Form 10-Q for the quarter ended
December 31, 2000, as of the close of business on April 16, 2001:
(i) MP beneficially owned 9,900 shares of Common Stock, constituting
approximately 0.4% of the shares outstanding.
(ii) MHF beneficially owned 13,100 shares of Common Stock, constituting
approximately 0.5% of the shares outstanding.
(iii) MPII beneficially owned 34,700 shares of Common Stock, constituting
approximately 1.3% of the shares outstanding.
(iv) MHFII beneficially owned 70,700 shares of Common Stock, constituting
approximately 2.7% of the shares outstanding.
(v) MO beneficially owned 19,700 shares of Common Stock, constituting
approximately 0.7% of the shares outstanding.
(vi) SOAM owned directly no shares of Common Stock. By reason of its
position as management company for MP, MHF, MPII, MHFII and MO, under
the provisions of Rule 13d-3, SOAM may be deemed to beneficially own
the 9,900 shares owned by MP, the 13,100 shares owned by MHF, the
34,700 shares owned by MPII, the 70,700 shares owned by MHFII and the
19,700 shares owned by MO, or an aggregate of 148,100 shares of
Common Stock, constituting approximately 5.6% of the shares
outstanding.
(vii) Holdings owned directly no shares of Common Stock. By reason of its
position as general partner of MP, MHF, MPII 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 9,900
shares owned by MP, the 13,100 shares owned by MHF, the 34,700 shares
owned by MPII, and the 70,700 shares owned by MHFII, or an aggregate
of 128,400 shares of Common Stock, constituting approximately 4.8% 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 9,900 shares owned by MP, the 13,100
shares owned by MHF, the 34,700 shares owned by MPII, the 70,700
shares owned by MHFII and the 19,700 shares owned by MO, or an
aggregate of 148,100 shares of Common Stock, constituting
approximately 5.6% of the shares outstanding.
Page 12 of 17
13
(ix) In the aggregate, the Reporting Persons beneficially own an aggregate
of 148,100 shares of Common Stock, constituting approximately 5.6% of
the shares outstanding.
(x) 2WTC 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 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 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 April 16, 2001, MP effected the following
transactions in the Common Stock in open market transactions with brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
03/29/01 Bought 200 $10.060
03/29/01 Transfer to
MHF II 2,500 10.100
04/02/01 Bought 200 10.296
04/03/01 Bought 300 10.287
04/04/01 Bought 700 10.274
04/06/01 Bought 200 10.260
04/10/00 Bought 100 10.260
04/16/01 Bought 700 10.310
During the sixty days prior to April 16, 2001, MHF effected the
following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
03/29/01 Bought 200 $10.060
04/02/01 Bought 200 10.296
04/03/01 Bought 300 10.287
04/04/01 Bought 700 10.274
04/06/01 Bought 200 10.260
04/10/00 Bought 100 10.260
04/16/01 Bought 1,400 10.310
Page 13 of 17
14
During the sixty days prior to April 16, 2001, MPII effected the
following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
03/29/01 Bought 700 $10.060
04/02/01 Bought 1,000 10.296
04/03/01 Bought 1,100 10.287
04/04/01 Bought 2,900 10.274
04/06/01 Bought 700 10.260
04/10/00 Bought 500 10.260
04/16/01 Bought 2,800 10.310
During the sixty days prior to April 16, 2001, MHFII effected the
following transactions in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
03/29/01 Bought 1,700 $10.060
03/29/01 Transfer from
MP 2,500 10.060
03/29/01 Transfer from
MO 2,500 10.060
04/02/01 Bought 2,800 10.296
04/03/01 Bought 3,100 10.287
04/04/01 Bought 8,000 10.274
04/06/01 Bought 1,800 10.260
04/10/00 Bought 1,300 10.260
04/16/01 Bought 2,800 10.310
During the sixty days prior to April 16, 2001, MO effected the
following transaction in the Common Stock in open market transactions with
brokers:
Number Price
Date Action of Shares per Share
---- ------ --------- ---------
03/29/01 Bought 500 $10.060
03/29/01 Transfer to
MHF II 2,500 10.100
04/02/01 Bought 700 10.296
04/03/01 Bought 900 10.287
04/04/01 Bought 2,200 10.274
04/06/01 Bought 500 10.260
04/10/00 Bought 300 10.260
04/16/01 Bought 2,100 10.310
(d) Not applicable.
(e) Not applicable.
Page 14 of 17
15
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 15 of 17
16
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: April 18, 2001
MALTA PARTNERS, L.P. MALTA HEDGE FUND, L.P.
By: SOAM Holdings, LLC, By: SOAM Holdings, LLC,
the sole general partner the sole general partner
By: /s/ Terry Maltese By: /s/ Terry Maltese
--------------------------------- ---------------------------------
Terry Maltese Terry Maltese
President President
MALTA PARTNERS II, L.P. MALTA HEDGE FUND II, L.P.
By: SOAM Holdings, LLC, By: SOAM Holdings, LLC,
the sole general partner the sole general partner
By: /s/ Terry Maltese By: /s/ Terry Maltese
--------------------------------- ---------------------------------
Terry Maltese Terry Maltese
President President
MALTA OFFSHORE, LTD Sandler O'Neill Asset Management LLC
By: Sandler O'Neill Asset
Management LLC
By: /s/ Terry Maltese By: /s/ Terry Maltese
--------------------------------- ---------------------------------
Terry Maltese Terry Maltese
President President
SOAM Holdings, LLC Terry Maltese
By: /s/ Terry Maltese /s/ Terry Maltese
--------------------------------- ---------------------------------
Terry Maltese Terry Maltese
President
Page 16 of 17
17
EXHIBIT 1
JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(f)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning it contained herein, but shall not be
responsible for the completeness and accuracy of the information concerning the
other, except to the extent that it knows or has reason to believe that such
information is inaccurate.
Dated: April 18, 2001
MALTA PARTNERS, L.P. MALTA HEDGE FUND, L.P.
By: SOAM Holdings, LLC, By: SOAM Holdings, LLC,
the sole general partner the sole general partner
By: /s/ Terry Maltese By: /s/ Terry Maltese
--------------------------------- ---------------------------------
Terry Maltese Terry Maltese
President President
MALTA PARTNERS II, L.P. MALTA HEDGE FUND II, L.P.
By: SOAM Holdings, LLC, By: SOAM Holdings, LLC,
the sole general partner the sole general partner
By: /s/ Terry Maltese By: /s/ Terry Maltese
--------------------------------- ---------------------------------
Terry Maltese Terry Maltese
President President
MALTA OFFSHORE, LTD. SANDLER O'NEILL ASSET
By: Sandler O'Neill Asset MANAGEMENT LLC
Management LLC
By: /s/ Terry Maltese By: /s/ Terry Maltese
--------------------------------- ---------------------------------
Terry Maltese Terry Maltese
President President
SOAM HOLDINGS, LLC TERRY MALTESE
By: /s/ Terry Maltese /s/ Terry Maltese
--------------------------------- ---------------------------------
Terry Maltese Terry Maltese
President
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