- Statement of Ownership (SC 13G)
February 16 2010 - 10:53AM
Edgar (US Regulatory)
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UNITED
STATES
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SECURITIES
AND EXCHANGE COMMISSION
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Washington,
D.C. 20549
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SCHEDULE
13G
(Rule 13d-102)
Under
the Securities Exchange Act of 1934
(Amendment No. )(1)
1
ST
UNITED BANCORP, INC.
(Name of Issuer)
(Title of Class of
Securities)
(CUSIP Number)
(Date of Event
Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
x
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Rule 13d-1(b)
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o
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Rule 13d-1(c)
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o
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Rule 13d-1(d)
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(1) The remainder of this cover page shall be filled out for a persons
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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 (the 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).
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1.
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Names of Reporting Persons
Mendon Capital Advisors Corp.
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2.
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Check the Appropriate Box
if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Citizenship or Place of
Organization:
Delaware
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
1,356,649
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6.
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Shared Voting Power
- 0 -
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7.
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Sole Dispositive Power
1,356,649
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8.
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Shared Dispositive Power
- 0 -
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9.
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Aggregate Amount
Beneficially Owned by Each Reporting Person
1,356,649
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10.
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Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions)
o
Not Applicable
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11.
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Percent of Class
Represented by Amount in Row (9)
5.45%
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12.
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Type of Reporting Person
(See Instructions)
CO, IA
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2
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1.
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Names of Reporting Persons
Anton V. Schutz
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2.
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Check the Appropriate Box
if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Citizenship or Place of
Organization:
U.S.
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
1,356,649
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6.
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Shared Voting Power
- 0 -
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7.
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Sole Dispositive Power
1,356,649
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8.
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Shared Dispositive Power
- 0 -
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9.
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Aggregate Amount
Beneficially Owned by Each Reporting Person
1,356,649
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10.
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Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions)
o
Not applicable
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11.
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Percent of Class
Represented by Amount in Row (9)
5.45%
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12.
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Type of Reporting Person
(See Instructions)
IN
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3
Item 1.
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(a)
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Name of Issuer:
The name of the issuer is 1
st
United Bancorp, Inc. (the Issuer).
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(b)
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Address of Issuers
Principal Executive Offices:
The Issuers principal executive offices are located at One North Federal
Highway, Boca Raton, FL 33432.
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Item 2.
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(a)
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Name of Person(s) Filing:
This statement is filed by:
Mendon Capital Advisors Corp.
Anton V. Schutz
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(b)
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Address of Principal
Business Office or, if none, Residence:
Each of the above reporting persons has its business address at:
150 Allens Creek Road
Rochester, New York 14618
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(c)
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Citizenship:
Mendon Capital Advisors Corp. is organized under the laws of Delaware.
Anton V. Schutz is a
United States citizen.
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(d)
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Title of Class of
Securities:
Common Stock, par value $0.01 per share
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(e)
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CUSIP Number:
33740N105
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Item 3.
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If this statement is filed pursuant
to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is
a:
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(a)
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o
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Broker or dealer
registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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o
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Bank as defined in section
3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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o
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Insurance company as
defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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o
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Investment company
registered under section 8 of the Investment Company Act of 1940 (15 U.S.C
80a-8).
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(e)
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x
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An investment adviser in
accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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o
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An employee benefit plan
or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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x
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A parent holding company
or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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o
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A savings associations as
defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
1813);
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(i)
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o
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A church plan that is
excluded from the definition of an investment company under section 3(c)(14)
of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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o
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A non-U.S. institution in
accordance with § 240.13d1(b)(1)(ii)(J);
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(k)
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o
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Group, in accordance with
§ 240.13d1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance
with § 240.13d1(b)(1)(ii)(J), please specify the type of
institution:____________________________
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4
Item 4.
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Ownership.
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Provide the following
information regarding the aggregate number and percentage of the class of
securities of the issuer identified in Item 1.
Mendon Capital Advisors
Corp., in its capacity as an investment adviser, has the sole right to vote
and dispose of the shares of the Issuers common stock. Anton V. Schutz is the sole shareholder and
President of Mendon Capital Advisors Corp.
Mendon Capital Advisors Corp. and Mr. Schutz disclaim beneficial
ownership of the common stock of the Issuer.
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(a)
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Amount beneficially owned:
Mendon Capital Advisors
Corp.: 1,356,649
Anton V. Schutz: 1,356,649
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(b)
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Percent of class:
Mendon Capital Advisors
Corp.: 5.45%
Anton V. Schutz: 5.45%
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(c)
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Number of shares as to
which the person has:
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(i)
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Sole power to vote or to
direct the vote:
Mendon Capital Advisors
Corp.: 1,356,649
Anton V. Schutz: 1,356,649
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(ii)
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Shared power to vote or to
direct the vote:
Mendon Capital Advisors
Corp.: -0-
Anton V. Schutz: -0-
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(iii)
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Sole power to dispose or
to direct the disposition of:
Mendon Capital Advisors
Corp.: 1,356,649
Anton V. Schutz: 1,356,649
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(iv)
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Shared power to dispose or
to direct the disposition of:
Mendon Capital Advisors Corp.: -0-
Anton V. Schutz: -0-
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Item 5.
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Ownership of Five Percent or Less
of a Class.
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If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check
the following
o
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Item 6.
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Ownership of More than Five Percent
on Behalf of Another Person.
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Various persons, as investment advisory clients of
Mendon Capital Advisors Corp., have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
common stock of the Issuer. To the
knowledge of Mendon Capital Advisors Corp., no one such persons interest in
the common stock of the Issuer is more than five percent of the total
outstanding common stock of the Issuer.
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Item 7.
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Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent
Holding Company or Control Person.
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Not applicable
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Item 8.
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Identification and Classification
of Members of the Group.
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Not applicable
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Item 9.
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Notice of Dissolution of Group.
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Not applicable
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5
Item 10.
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Certification.
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Each of the Reporting
Persons hereby makes the following certification:
By
signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and
to the best of the knowledge and belief of the undersigned, the undersigned
certifies that the information set forth in this statement is true, complete
and correct.
EXECUTED as a sealed
instrument this 12th day of February, 2010.
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Mendon
Capital Advisors Corp.
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By:
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/s/
Anton V. Schutz
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By:
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Anton
V. Schutz
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Its:
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President
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/s/
Anton V. Schutz
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Anton V. Schutz
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6
Exhibit 1
AGREEMENT
Each of the undersigned, pursuant to Rule 13d-1(k)(l) under
the Securities Exchange Act of 1934, as amended, hereby agrees that only one
statement containing the information required by Schedule 13G need be filed
with respect to the ownership by each of the undersigned of the shares of
Common Stock of 1
st
United
Bancorp, Inc., and that the Schedule 13G to which this Agreement is
appended as
Exhibit 1
is to be filed with the Securities and
Exchange Commission on behalf of each of the undersigned on or about the date
hereof.
EXECUTED as a sealed instrument this 12th day
of February, 2010.
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Mendon
Capital Advisors Corp.
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By:
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/s/
Anton V. Schutz
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By:
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Anton
V. Schutz
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Its:
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President
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/s/
Anton V. Schutz
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Anton V. Schutz
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7
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