UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ASB Bancorp, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
00213t109
(CUSIP Number)
December 31, 2014
(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 Rule 13d-1(b)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)
* | 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 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 (“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).
SCHEDULE 13G/A
CUSIP No. 00213t109 | Page 1 of 4 Pages |
(1) | Names of reporting persons
Mendon Capital Advisors Corp. 13-3894706 | |||||
(2) | Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨
| |||||
(3) | SEC use only
| |||||
(4) | Citizenship or place of organization
Delaware Limited Liability Company | |||||
Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power
None | ||||
(6) | Shared voting power
235,990 | |||||
(7) | Sole dispositive power
None | |||||
(8) | Shared dispositive power
235,990 | |||||
(9) | Aggregate amount beneficially owned by each reporting person
235,990 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
5.39% | |||||
(12) | Type of reporting person (see instructions)
IA |
Item 1. | (a) | Issuer: ASB Bancorp Inc. Address: | ||
11 Church Street Asheville, NC 28801 | ||||
Item 2. | (a) | Name of Person Filing: | ||
Mendon Capital Advisors Corp. | ||||
(b) | Address of Principal Business Offices: | |||
150 Allens Creek Road Rochester, NY 14618 | ||||
(c) | Citizenship: | |||
Delaware | ||||
(d) | Title of Class of Securities | |||
Common Stock | ||||
(e) | CUSIP Number: 00213t109 |
Item 3. If this statement is filed pursuant to rule240.13d-1(b),or240.13d-2(b) or (c), check whether the person filing is a:
(a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C.78c). | ||
(b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | ||
(c) | ¨ | Insurance company as defined in section 3(a)19) of the Act (15 U.S.C. 78c). | ||
(d) | ¨ | Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | ||
(e) | x | An investment adviser in accordance with 240.13d-1(b)1)(ii)(E). | ||
(f) | ¨ | An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). | ||
(g) | ¨ | A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) | ||
(h) | ¨ | A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). | ||
(i) | ¨ | 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). | ||
(j) | ¨ | Group, in accordance with section 240.13d-1(b)(1)(ii)(J). |
Item 4. Ownership
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.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and 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.
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.
Date: February 5, 2015
Mendon Capital Advisors Corp. | ||||||
By: | /s/ Anton Schutz | |||||
Name: | Anton Schutz | |||||
Title: | President |