CUSIP No. 31848L104 | Page 1 of 20 Pages |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
FIRST ADVANTAGE BANCORP
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
31848L104
(CUSIP Number)
Mr. Richard Lashley, Principal
PL Capital, LLC
47 E. Chicago Avenue
Suite 336
Naperville, IL 60540
(973) 360-1666
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 8, 2013
(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 £.
CUSIP No. 31848L104 | Page 2 of 20 Pages |
1 | NAME OF REPORTING PERSON PL Capital, LLC | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) T (b) £ | ||
3 | SEC USE ONLY | |||
4 | SOURCE OF FUNDS | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | £ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||
8 | SHARED VOTING POWER 185,349 | |||
9 | SOLE DISPOSITIVE POWER 0 | |||
10 | SHARED DISPOSITIVE POWER 185,349 | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 185,349 | |||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | T | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.3% | |||
14 | TYPE OF REPORTING PERSON OO |
CUSIP No. 31848L104 | Page 3 of 20 Pages |
1 | NAME OF REPORTING PERSON Financial Edge Fund, L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) T (b) £ | ||
3 | SEC USE ONLY | |||
4 | SOURCE OF FUNDS WC, OO | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | £ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||
8 | SHARED VOTING POWER 92,929 | |||
9 | SOLE DISPOSITIVE POWER 0 | |||
10 | SHARED DISPOSITIVE POWER 92,929 | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 92,929 | |||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | T | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% | |||
14 | TYPE OF REPORTING PERSON PN |
CUSIP No. 31848L104 | Page 4 of 20 Pages |
1 | NAME OF REPORTING PERSON Financial Edge—Strategic Fund, L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) T (b) £ | ||
3 | SEC USE ONLY | |||
4 | SOURCE OF FUNDS WC, OO | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | £ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||
8 | SHARED VOTING POWER 77,120 | |||
9 | SOLE DISPOSITIVE POWER 0 | |||
10 | SHARED DISPOSITIVE POWER 77,120 | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 77,120 | |||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | T | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.8% | |||
14 | TYPE OF REPORTING PERSON PN |
CUSIP No. 31848L104 | Page 5 of 20 Pages |
1 | NAME OF REPORTING PERSON Goodbody/PL Capital, L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) T (b) £ | ||
3 | SEC USE ONLY | |||
4 | SOURCE OF FUNDS WC, OO | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | £ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||
8 | SHARED VOTING POWER 68,100 | |||
9 | SOLE DISPOSITIVE POWER 0 | |||
10 | SHARED DISPOSITIVE POWER 68,100 | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 68,100 | |||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | T | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% | |||
14 | TYPE OF REPORTING PERSON PN |
CUSIP No. 31848L104 | Page 6 of 20 Pages |
1 | NAME OF REPORTING PERSON Goodbody/PL Capital, LLC | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) T (b) £ | ||
3 | SEC USE ONLY | |||
4 | SOURCE OF FUNDS | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | £ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||
8 | SHARED VOTING POWER 68,100 | |||
9 | SOLE DISPOSITIVE POWER 0 | |||
10 | SHARED DISPOSITIVE POWER 68,100 | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 68,100 | |||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | T | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% | |||
14 | TYPE OF REPORTING PERSON OO |
CUSIP No. 31848L104 | Page 7 of 20 Pages |
1 | NAME OF REPORTING PERSON PL Capital Advisors, LLC | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) T (b) £ | ||
3 | SEC USE ONLY | |||
4 | SOURCE OF FUNDS | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | £ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||
8 | SHARED VOTING POWER 253,449 | |||
9 | SOLE DISPOSITIVE POWER 0 | |||
10 | SHARED DISPOSITIVE POWER 253,449 | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 253,449 | |||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | T | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.9% | |||
14 | TYPE OF REPORTING PERSON OO |
CUSIP No. 31848L104 | Page 8 of 20 Pages |
1 | NAME OF REPORTING PERSON John W. Palmer | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) T (b) £ | ||
3 | SEC USE ONLY | |||
4 | SOURCE OF FUNDS | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | £ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||
8 | SHARED VOTING POWER 253,449 | |||
9 | SOLE DISPOSITIVE POWER 0 | |||
10 | SHARED DISPOSITIVE POWER 253,449 | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 253,449 | |||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | T | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.9% | |||
14 | TYPE OF REPORTING PERSON IN |
CUSIP No. 31848L104 | Page 9 of 20 Pages |
1 | NAME OF REPORTING PERSON Richard J. Lashley | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) T (b) £ | ||
3 | SEC USE ONLY | |||
4 | SOURCE OF FUNDS | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | £ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||
8 | SHARED VOTING POWER 253,449 | |||
9 | SOLE DISPOSITIVE POWER 0 | |||
10 | SHARED DISPOSITIVE POWER 253,449 | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 253,449 | |||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | T | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.9% | |||
14 | TYPE OF REPORTING PERSON IN |
CUSIP No. 31848L104 | Page 10 of 20 Pages |
1 | NAME OF REPORTING PERSON PL Capital/Focused Fund, L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) T (b) £ | ||
3 | SEC USE ONLY | |||
4 | SOURCE OF FUNDS WC, OO | |||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | £ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | ||
8 | SHARED VOTING POWER 15,300 | |||
9 | SOLE DISPOSITIVE POWER 0 | |||
10 | SHARED DISPOSITIVE POWER 15,300 | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,300 | |||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | T | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% | |||
14 | TYPE OF REPORTING PERSON PN |
CUSIP No. 31848L104 | Page 11 of 20 Pages |
Item 1. | Security and Issuer |
This initial Schedule 13D relates to the common stock, $0.01 par value (“Common Stock”), of First Advantage Bancorp (the “Company” or “First Advantage”). The address of the principal executive offices of the Company is 1430 Madison Street, Clarksville, TN 37040.
Item 2. | Identity and Background |
This initial Schedule 13D is being filed jointly by the parties identified below. All of the filers of this Schedule 13D are collectively the “PL Capital Group.” The joint filing agreement of the members of the PL Capital Group is attached as Exhibit 1 to this Schedule 13D.
● | Financial Edge Fund, L.P., a Delaware limited partnership (“Financial Edge Fund”); |
● | Financial Edge-Strategic Fund, L.P., a Delaware limited partnership (“Financial Edge Strategic”); |
● | PL Capital/Focused Fund, L.P., a Delaware limited partnership (“Focused Fund”); |
● | PL Capital, LLC, a Delaware limited liability company (“PL Capital”) and General Partner of Financial Edge Fund, Financial Edge Strategic and Focused Fund; |
● | PL Capital Advisors, LLC, a Delaware limited liability company (“PL Capital Advisors”), and the investment advisor to Financial Edge Fund, Financial Edge Strategic, Goodbody/PL Capital, L.P. and Focused Fund; |
● | Goodbody/PL Capital, L.P., a Delaware limited partnership (“Goodbody/PL LP”); |
● | Goodbody/PL Capital, LLC (“Goodbody/PL LLC”), a Delaware limited liability company and General Partner of Goodbody/PL LP; and |
● | John W. Palmer and Richard J. Lashley, as Managing Members of PL Capital, PL Capital Advisors and Goodbody/PL LLC. |
(a)-(c) This statement is filed by Mr. John W. Palmer and Mr. Richard J. Lashley, with respect to the shares of Common Stock beneficially owned by them, as follows:
CUSIP No. 31848L104 | Page 12 of 20 Pages |
(1) | shares of Common Stock held in the name of Financial Edge Fund, Financial Edge Strategic, Focused Fund, in Mr. Palmer’s and Mr. Lashley’s capacity as Managing Members of (A) PL Capital: the General Partner of Financial Edge Fund, Financial Edge Strategic and Focused Fund, and (B) PL Capital Advisors: the investment advisor for Financial Edge Fund, Financial Edge Strategic and Focused Fund; and |
(2) | shares of Common Stock held in the name of Goodbody/PL LP, in Mr. Palmer’s and Mr. Lashley’s capacity as Managing Members of (A) Goodbody/PL LLC: the General Partner of Goodbody/PL LP; and (B) PL Capital Advisors: the investment advisor for Goodbody/PL LP. |
The business address of Financial Edge Fund, Financial Edge Strategic, Focused Fund, PL Capital, PL Capital Advisors, Goodbody/PL LP, Goodbody/PL LLC, Mr. Palmer and Mr. Lashley is: c/o PL Capital, 47 E. Chicago Avenue, Suite 336, Naperville, Illinois 60540. Each of Financial Edge Fund, Financial Edge Strategic, Focused Fund, PL Capital, Goodbody/PL LP, PL Capital Advisors and Goodbody/PL LLC are engaged in various interests, including investments.
The principal employment of Messrs. Palmer and Lashley is investment management with each of PL Capital, PL Capital Advisors and Goodbody/PL LLC.
(d) During the past five years, no member of the PL Capital Group has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the past five years, no member of the PL Capital Group has 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 any violation with respect to such laws.
(f) All of the individuals who are members of the PL Capital Group are citizens of the United States.
Item 3. | Source and Amount of Funds or Other Consideration |
In aggregate, the PL Capital Group owns 253,449 shares of Common Stock of the Company acquired at an aggregate cost of $2,900,785.
From time to time, various members of the PL Capital Group may purchase Common Stock on margin provided by BNP Paribas Prime Brokerage Inc. (“BNP Paribas”) on such firm’s usual terms and conditions. All or part of the shares of Common Stock owned by members of the PL Capital Group may from time to time be pledged with one or more banking institutions or brokerage firms as collateral for loans made by such entities to members of the PL Capital Group. Such loans, if any, generally bear interest at a rate based upon the federal funds rate plus a margin. Such indebtedness, if any, may be refinanced with other banks or broker-dealers. As of the date of this filing, no members of the PL Capital Group have margin from BNP Paribas, or other loans outstanding secured by Common Stock except Focused Fund and Financial Edge Fund.
CUSIP No. 31848L104 | Page 13 of 20 Pages |
The amount of funds expended by Financial Edge Fund to acquire the 92,929 shares of Common Stock it holds in its name is $1,061,757. Such funds were provided from Financial Edge Fund’s available capital and from time to time by margin loans provided by BNP Paribas.
The amount of funds expended by Financial Edge Strategic to acquire the 77,120 shares of Common Stock it holds in its name is $883,595. Such funds were provided from Financial Edge Strategic’s available capital and from time to time by margin loans provided by BNP Paribas.
The amount of funds expended by Focused Fund to acquire the 15,300 shares of Common Stock it holds in its name is $175,766. Such funds were provided from Focused Fund’s available capital and from time to time by margin loans provided by BNP Paribas.
The amount of funds expended by Goodbody/PL LP to acquire the 68,100 shares of Common Stock it holds in its name is $779,667. Such funds were provided from Goodbody/PL LP’s available capital and from time to time by margin loans provided by BNP Paribas.
Item 4. | Purpose of Transaction |
This is the PL Capital Group’s initial Schedule 13D filing. In the aggregate, the PL Capital Group owns 5.9% of the Company’s Common Stock, based upon the Company’s aggregate outstanding shares as of March 8, 2013. The PL Capital Group acquired the Common Stock because it believes the Common Stock is undervalued, and it intends to monitor the performance of the Company and the actions of the Company’s management and board, particularly as it relates to stock repurchases and other uses of the Company’s excess capital. Where necessary or desirable, the PL Capital Group will assert its stockholder rights.
Unless otherwise noted in this Schedule 13D, no member of the PL Capital Group has any plans or proposals, which relate to, or would result in, any of the matters referred to in paragraphs (b) through (j), inclusive of Item (4) of Schedule 13D. Such individuals may, at any time and from time to time, review or reconsider their positions and formulate plans or proposals with respect thereto. Members of the PL Capital Group may make further purchases of shares of Common Stock, although the PL Capital Group has no present intention of increasing the PL Capital Group’s aggregate holdings above 9.999% of the Company’s outstanding Common Stock. Members of the PL Capital Group may dispose of any or all the shares of Common Stock held by them.
CUSIP No. 31848L104 | Page 14 of 20 Pages |
Item 5. | Interest in Securities of the Company |
The percentages used in this Schedule 13D are calculated based upon the number of outstanding shares of Common Stock, 4,318,497, reported as the number of outstanding shares as of March 8, 2013, in the Company’s Annual Report on Form 10-K filed on March 8, 2013.
The PL Capital Group made transactions in the Common Stock within the past 60 days as noted below:
(A) | Financial Edge Fund |
(a)-(b) See cover page.
(c) Financial Edge Fund made the following purchases (and no sales) of Common Stock in the past 60 days:
Date | Number of Shares Purchased | Price per Share | Total (Cost) |
4/23/13 | 5,199 | $11.00 | $(57,213) |
4/23/13 | 21,000 | $11.60 | $(243,610) |
4/26/13 | 100 | $11.84 | $(1,184) |
5/3/13 | 5,700 | $11.40 | $(64,981) |
5/6/13 | 15,000 | $11.39 | $(170,872) |
5/7/13 | 25,000 | $11.40 | $(285,010) |
5/8/13 | 9,830 | $11.42 | $(112,198) |
5/8/13 | 7,500 | $11.42 | $(85,629) |
5/9/13 | 3,600 | $11.41 | $(41,060) |
(d) | Because Messrs. Palmer and Lashley are the Managing Members of PL Capital, the general partner of Financial Edge Fund, they have the power to direct the affairs of Financial Edge Fund, including the voting and disposition of shares of Common Stock held in the name of Financial Edge Fund. Mr. Palmer and Mr. Lashley are also the Managing Members of PL Capital Advisors, the investment advisor of Financial Edge Fund. Therefore, Mr. Palmer and Mr. Lashley are deemed to share voting and disposition power with Financial Edge Fund with regard to those shares of Common Stock. |
CUSIP No. 31848L104 | Page 15 of 20 Pages |
(B) | Financial Edge Strategic |
(a)-(b) See cover page.
(c) | Financial Edge Strategic made the following purchases (and no sales) of Common Stock in the past 60 days: |
Date | Number of Shares Purchased | Price per Share | Total (Cost) |
4/23/13 | 14,000 | $11.60 | $(162,410) |
4/26/13 | 320 | $11.33 | $(3,626) |
4/29/13 | 35,000 | $11.44 | $(400,406) |
5/3/13 | 5,000 | $11.42 | $(57,075) |
5/7/13 | 4,200 | $11.37 | $(47,750) |
5/8/13 | 2,100 | $11.42 | $(23,969) |
5/8/13 | 15,000 | $11.42 | $(171,248) |
5/9/13 | 1,500 | $11.41 | $(17,110) |
(d) | Because Messrs. Palmer and Lashley are the Managing Members of PL Capital, the general partner of Financial Edge Strategic, they have the power to direct the affairs of Financial Edge Strategic, including the voting and disposition of shares of Common Stock held in the name of Financial Edge Strategic. Mr. Palmer and Mr. Lashley are also the Managing Members of PL Capital Advisors, the investment advisor of Financial Edge Strategic. Therefore, Mr. Palmer and Mr. Lashley are deemed to share voting and disposition power with Financial Edge Strategic with regard to those shares of Common Stock. |
(C) | Focused Fund |
(a)-(b) See cover page.
(c) | Focused Fund made the following purchases (and no sales) of Common Stock in the past 60 days. |
Date | Number of Shares Purchased | Price per Share | Total (Cost) |
4/23/13 | 6,000 | $11.60 | $(69,610) |
5/6/13 | 8,600 | $11.42 | $(98,166) |
5/9/13 | 700 | $11.41 | $(7,990) |
(d) | Because Messrs. Palmer and Lashley are the Managing Members of PL Capital, the general partner of Focused Fund, they have the power to direct the affairs of Focused Fund, including the voting and disposition of shares of Common Stock held in the name of Focused Fund. Mr. Palmer and Mr. Lashley are also the Managing Members of PL Capital Advisors, the investment advisor of Focused Fund. Therefore, Mr. Palmer and Mr. Lashley are deemed to share voting and dispositive power with Focused Fund with regard to those shares of Common Stock. |
(D) Goodbody/PL LP
(a)-(b) See cover page.
CUSIP No. 31848L104 | Page 16 of 20 Pages |
(c) | Goodbody/PL LP made the following purchases (and no sales) of Common Stock in the past 60 days. |
Date | Number of Shares Purchased | Price per Share | Total (Cost) |
4/23/13 | 11,000 | $11.60 | $(127,050) |
4/29/13 | 28,500 | $11.44 | $(326,047)) |
5/03/13 | 5,000 | $11.41 | $(57,075) |
5/07/13 | 10,000 | $11.37 | $(113,677) |
5/08/13 | 12,500 | $11.42 | $(142,708) |
5/09/13 | 1,100 | $11.41 | $(12,550) |
(d) | Goodbody/PL LLC is the general partner of Goodbody/PL LP. Because Messrs. Palmer and Lashley are the Managing Members of Goodbody/PL LLC, they have the power to direct the affairs of Goodbody/PL LP. Mr. Palmer and Mr. Lashley are also the Managing Members of PL Capital Advisors, the investment advisor of Goodbody/PL LP. Therefore, Goodbody/PL LLC may be deemed to share with Messrs. Palmer and Lashley voting and disposition power with regard to the shares of Common Stock held by Goodbody/PL LP. |
(E) PL Capital
(a)-(b) See cover page.
(c) | PL Capital has made no purchases or sales of Common Stock directly. |
(d) | PL Capital is the general partner of Financial Edge Fund, Financial Edge Strategic and Focused Fund. Because Messrs. Palmer and Lashley are the Managing Members of PL Capital, they have the power to direct the affairs of PL Capital. Therefore, PL Capital may be deemed to share with Mr. Palmer and Mr. Lashley voting and dispositive power with regard to the shares of Common Stock held by Financial Edge Fund, Financial Edge Strategic and Focused Fund. |
(F) PL Capital Advisors
(a)-(b) See cover page.
(c) | PL Capital Advisors has made no purchases or sales of Common Stock directly. |
(d) | PL Capital Advisors is the investment advisor to Financial Edge Fund, Financial Edge Strategic, Focused Fund and Goodbody/PL LP. Because they are the Managing Members of PL Capital Advisors, Mr. Palmer and Mr. Lashley have the power to direct the affairs of PL Capital Advisors. Therefore, PL Capital Advisors may be deemed to share with Mr. Palmer and Mr. Lashley voting and dispositive power with regard to the shares of Common Stock held by Financial Edge Fund, Financial Edge Strategic, Focused Fund and Goodbody/PL LP. |
CUSIP No. 31848L104 | Page 17 of 20 Pages |
(G) Goodbody/PL LLC
(a)-(b) See cover page.
(c) | Goodbody/PL LLC has made no purchases or sales of Common Stock directly. |
(d) | Goodbody/PL LLC is the general partner of Goodbody/PL LP. Because Messrs. Palmer and Lashley are the Managing Members of Goodbody/PL LLC, they have the power to direct the affairs of Goodbody/PL LLC. Therefore, Goodbody/PL LLC may be deemed to share with Messrs. Palmer and Lashley voting and disposition power with regard to the shares of Common Stock held by Goodbody/PL LP. |
(H) Mr. John W. Palmer
(a)-(b) See cover page.
(c) | Mr. Palmer did not purchase or sell any shares of Common Stock directly during the past 60 days. |
(I) Richard J. Lashley
(a)-(b) See cover page.
(c) | Mr. Lashley did not purchase or sell any shares of Common Stock directly during the past 60 days. |
CUSIP No. 31848L104 | Page 18 of 20 Pages |
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Company. |
With respect to Financial Edge Fund, Financial Edge Strategic and Focused Fund, PL Capital is entitled to an allocation of a portion of profits, if any. With respect to Financial Edge Fund, Financial Edge Strategic, Focused Fund and Goodbody/PL LP, PL Capital Advisors is entitled to a management fee based upon a percentage of total capital. With respect to Goodbody/PL LP, Goodbody/PL LLC is entitled to an allocation of a portion of profits, if any.
Other than the foregoing arrangements and relationships and the Joint Filing Agreement filed as Exhibit 1 to this Schedule 13D, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Company.
Item 7. | Material to be Filed as Exhibits |
Exhibit No. | Description |
1 | Joint Filing Agreement |
CUSIP No. 31848L104 | Page 19 of 20 Pages |
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.
Date: May 13, 2013
FINANCIAL EDGE FUND, L.P. By: PL CAPITAL, LLC General Partner By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
FINANCIAL EDGE-STRATEGIC FUND, L.P. By: PL CAPITAL, LLC General Partner By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
PL CAPITAL/FOCUSED FUND, L.P. By: PL CAPITAL, LLC General Partner By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
GOODBODY/PL CAPITAL, L.P. By: GOODBODY/PL CAPITAL, LLC General Partner By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
CUSIP No. 31848L104 | Page 20 of 20 Pages |
GOODBODY/PL CAPITAL, LLC By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
PL CAPITAL ADVISORS, LLC By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
PL CAPITAL, LLC By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
By: /s/ John W. Palmer John W. Palmer |
By: /s/ Richard J. Lashley Richard J. Lashley |
EXHIBIT 1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that the Schedule 13D to which this Joint Filing Agreement is being filed as an exhibit shall be a joint statement filed on behalf of each of the undersigned.
Date: May 13, 2013
FINANCIAL EDGE FUND, L.P. By: PL CAPITAL, LLC General Partner By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
FINANCIAL EDGE-STRATEGIC FUND, L.P. By: PL CAPITAL, LLC General Partner By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
PL CAPITAL/FOCUSED FUND, L.P. By: PL CAPITAL, LLC General Partner By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
GOODBODY/PL CAPITAL, L.P. By: GOODBODY/PL CAPITAL, LLC General Partner By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
GOODBODY/PL CAPITAL, LLC By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
PL CAPITAL ADVISORS, LLC By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
PL CAPITAL, LLC By: /s/ John W. Palmer /s/ Richard J. Lashley John W. Palmer Richard J. Lashley Managing Member Managing Member |
By: /s/ John W. Palmer John W. Palmer |
By: /s/ Richard J. Lashley Richard J. Lashley |