1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE EXCHANGE ACT OF 1934
(Amendment No. 6)*
CENTRAL VALLEY COMMUNITY BANCORP
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(Name of Issuer)
COMMON STOCK, NO PAR VALUE
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(Title of Class of Securities)
155685100
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(CUSIP Number)
Richard J. Perry, Jr., Esquire
Perry & Associates, P.C.
1826 Jefferson Place, N.W.
Washington, D.C. 20036
(202) 775-8109
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 5, 2002
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(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 12
Page 1 of 13
2
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CUSIP NUMBER 155685100
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1. NAMES OF REPORTING PERSONS. I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Financial Institution Partners II, L.P. / 36-4131559
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
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3. SEC Use Only
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4. SOURCE OF FUNDS (See Instructions)
WC
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5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Organized: State of Delaware
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ----------------------------------------------------------------
EACH 8. SHARED VOTING POWER
REPORTING
PERSON WITH 52,536 shares
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
52,536 shares
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,536 shares
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES. [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1%
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14. TYPE OF REPORTING PERSON
PN
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Page 2 of 13
3
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CUSIP NUMBER 155685100
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1. NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Hovde Capital, L.L.C. / 91-1825712
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
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3. SEC Use Only
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4. SOURCE OF FUNDS
AF
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5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e). [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Organized: State of Nevada
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ----------------------------------------------------------------
EACH
REPORTING 8. SHARED VOTING POWER
PERSON WITH(1)
52,536 shares
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
52,536 shares
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,536 shares
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES. [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1%
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14. TYPE OF REPORTING PERSON
OO
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(1) Of the 52,536 Shares beneficially owned by Hovde Capital, L.L.C., 52,536
are as General Partner to Financial Institution Partners II, L.P.
Page 3 of 13
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CUSIP NUMBER 155685100
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1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Eric D. Hovde
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
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3. SEC Use Only
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4. SOURCE OF FUNDS
AF
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5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e). [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ----------------------------------------------------------------
EACH 8. SHARED VOTING POWER
REPORTING
PERSON WITH(2) 52,536 SHARES
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
52,536 SHARES
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,536 SHARES
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES. [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1%
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14. TYPE OF REPORTING PERSON
IN
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(2) Of the 52,536 Shares beneficially owned by Eric D. Hovde, 52,536 are as
Chairman, Chief Executive Officer, and managing member of Hovde Capital, L.L.C.
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CUSIP NUMBER 155685100
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1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Steven D. Hovde
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)X
(b)
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3. SEC Use Only
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4. SOURCE OF FUNDS
AF
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5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ----------------------------------------------------------------
EACH 8. SHARED VOTING POWER
REPORTING
PERSON WITH(3) 52,536 shares
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
52,536 shares
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,536 shares
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES. [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1%
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14. TYPE OF REPORTING PERSON
IN
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(3) Of the 52,536 Shares beneficially owned by Steven D. Hovde, 52,536 are as
President, Treasurer, and managing member of Hovde Capital, L.L.C.
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Item 1. Security and Issuer
The class of security to which this statement relates is the common stock,
no par value, of Central Valley Community Bancorp (the "Issuer"). The address
of the principal executive offices of the Issuer is 600 Pollasky Avenue, Clovis,
California 93612.
Item 2. Identity and Background
The persons filing this statement are Financial Institution Partners II,
L.P. (the "Limited Partnership"), Hovde Capital, L.L.C. (the "General Partner"),
Eric D. Hovde, and Steven D. Hovde who are collectively referred to herein as
the "Reporting Persons." The Limited Partnership is a Delaware limited
partnership formed for the purpose of investing in, among other things, the
equity securities of various financial institutions and financial services
companies. Hovde Capital, L.L.C., a Nevada limited liability company, is the
general partner of Financial Institution Partners II, L.P.
Eric D. Hovde and Steven D. Hovde each hold beneficial interests in the
Shares through ownership of an interest in, and positions as officers and
members of the General Partner. 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 Partnership and the General Partner as well as
information required by (a) through (f) of this Item as to each executive
officer, director and/or controlling person of the General Partner who are
Reporting Persons. The General Partner controls the Limited Partnership.
None of the Reporting Persons or executive officers, directors or
controlling persons of the General Partner 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 Reporting Persons disposed of 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 related to or would result in any of
the actions or transactions specified in clauses (a) through (j) of Item 4 of
Schedule 13D.
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Item 5. Interest in Securities of the Issuer
(a), (b) Schedule 3 hereto, which is incorporated by reference herein,
sets forth, as of November 7, 2002, 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
1,290,523 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 Partnership, all decisions regarding voting and
disposition of the Shares beneficially owned by the Limited Partnership are made
by the General Partner acting through its chief executive officer, president, or
managing member. As such, the Limited Partnership and the General Partner share
voting and investment power with respect to the Shares. Therefore, as a result
of their ownership interest in, and positions as members and officers of the
General Partner, Eric D. Hovde and Steven D. Hovde may be deemed to have
beneficial ownership of the Shares. Neither the General Partner, its 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 November 7, 2002, transactions in the Shares effected during
the past sixty (60) days.
(d) None.
(e) The date on which the reporting persons ceased to be the beneficial
owner of more than five percent of the class of securities is November 5, 2002.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None.
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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 - Addendum to Banc of America Securities LLC
Customer Agreement (Incorporated by reference to Schedule 13D/A
filed with the SEC on July 22, 2002)
Exhibit C - Account Agreement between Banc of America Securities LLC and
Financial Institution Partners II, L.P. (Incorporated by
reference to Schedule 13D/A filed with the SEC on July 22, 2002)
Exhibit D - Prime Broker Agreement between Banc of America Securities LLC
and Financial Institution Partners II, L.P. (Incorporated by
reference to Schedule 13D/A filed with the SEC on July 22, 2002)
Exhibit E - Partnership Agreement between Banc of America Securities LLC and
Financial Institution Partners II, L.P. (Incorporated by
reference to Schedule 13D/A filed with the SEC on July 22, 2002)
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 II, L.P., by its
General Partner, HOVDE CAPITAL, L.L.C.
By: /s/ Richard J. Perry, Jr.
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Richard J. Perry, Jr.
Its: Secretary
HOVDE CAPITAL, L.L.C.
By: /s/ Richard J. Perry, Jr.
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Richard J. Perry, Jr.
Its: Secretary
ERIC D. HOVDE
/s/ Eric D. Hovde
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STEVEN D. HOVDE
/s/ Steven D. Hovde
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Dated: 11/07/02
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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 II, L.P. make investments primarily in equity
securities of financial institutions and
financial services companies.
1824 Jefferson Place, N.W.
Washington, D.C. 20036
Organized: State of Delaware
Hovde Capital, L.L.C. Limited liability company formed to serve as
the general partner of Financial Institution
Partners II, L.P.
1824 Jefferson Place, N.W.
Washington, D.C. 20036
Organized: State of Nevada
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) Investment banker U.S.
1826 Jefferson Place, N.W. Hovde Financial, Inc.
Washington, D.C. 20036 1826 Jefferson Place, N.W.
Washington, D.C. 20036
Investment banking firm
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(4) Steven D. Hovde is affiliated with the following Reporting Persons:
President, Treasurer and Managing Member of Hovde Capital, L.L.C.
(5) Eric D. Hovde is affiliated with the following Reporting Persons: Chairman,
Chief Executive Officer and Managing Member of Hovde Capital, L.L.C.
Page 9 of 13
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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
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Financial $722,370.00 $0 Working Capital
Institution
Partners II, L.P.
Hovde Capital, $722,370.00 $0 Working Capital
L.L.C. Of Affiliate
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Page 10 of 13
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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 52,536 4.1%
Partners II, L.P.
Hovde Capital, L.L.C. 52,536 4.1%
Eric D. Hovde 52,536 4.1%
Steven D. Hovde 52,536 4.1%
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Aggregate Shares Held by 52,536 4.1%
Reporting Persons
Page 11 of 13
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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 and including November 7,
2002:
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Transaction Number of Transaction Transaction Broker
Date Shares Price Type
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Financial 11/05/02 18,000 $24.45 Sell HOFR
Institution
Partners
II, L.P.
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EXHIBIT INDEX
Page
Exhibit A - Consent Agreement to 17 C.F.R. 13d-1(k)(1)(iii) 13
Exhibit B - Addendum to Banc of America Securities LLC
Customer Agreement (Incorporated by reference to
Schedule 13D/A filed with the SEC on July 22, 2002)
Exhibit C - Customer Agreement between Banc of America
Securities LLC and Financial Institution
Partners II, L.P. (Incorporated by reference to
Schedule 13D/A filed with the SEC on July 22, 2002)
Exhibit D - Prime Broker Agreement between Banc of America
Securities LLC and Financial Institution
Partners II, L.P. (Incorporated by reference to
Schedule 13D/A filed with the SEC on July 22, 2002)
Exhibit E - Partnership Agreement between Banc of America
Securities LLC and Financial Institution
Partners II, L.P. (Incorporated by reference to
Schedule 13D/A filed with the SEC on July 22, 2002)
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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 II, L.P., by its
General Partner, HOVDE CAPITAL, L.L.C.
By: /s/ Richard J. Perry, Jr.
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Richard J. Perry, Jr.
Its: Secretary
HOVDE CAPITAL, L.L.C.
By: /s/ Richard J. Perry, Jr.
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Richard J. Perry, Jr.
Its: Secretary
ERIC D. HOVDE
/s/ Eric D. Hovde
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STEVEN D. HOVDE
/s/ Steven D. Hovde
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Dated: 11/07/02
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