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------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION ------------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
[ ] Check this box if no Expires: December 31, 2001
longer subject to Filed pursuant to Section 16(a) of the Securities Estimated average burden
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the Hours per response........ 0.5
or Form 5 obligations Public Utility Holding Company Act of 1935 ------------------------------
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
CYPRES GARY M. Banner Central Finance Company (BCFN) to Issuer (Check all applicable)
-------------------------------------------- ---------------------------------------------- X Director X 10% Owner
(Last) (First) (Middle) 3. IRS Identification 4. Statement for ---- ---
5480 East Ferguson Drive Number of Reporting Month/Year X Officer Other (specify
-------------------------------------------- Person, if an March, 2001 ---- (give --- below)
(Street) entity (Voluntary) title below)
Commerce, CA 90022 -------------------
-------------------------------------------- Chairman of the Board,
(City) (State) (Zip) 5. If Amendment, Chief Executive Officer,
Date of Original Chief Financial Officer, Secretary
(Month/Year) -----------------------------------
7. Individual or Joint/Group Filing
------------------- (Check Applicable Line)
X Form filed by One
---- Reporting Person
Form filed by More Than
---- One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities Form: Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Direct Beneficial
(Instr. 8) Owned at (D) or Ownership
(Month/ End of Month Indirect (Instr. 4)
Day/ --------------------------------------- (Instr. 3 and 4) (I)
Year) Code V Amount (A) or Price (Instr. 4)
(D)
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Common Stock 3/23/01 J(1) 2,836,547 D (1) 828,500 I (1)
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Common Stock 77,500 D
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Common Stock 12,500 I By wife
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Common Stock 12,500 I In trust for
children by
Mr. Cypres
and wife
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Common Stock 1,104,933 I Owned by WFC
Holdings
Corporation,
for which
Mr. Cypres
may exercise
voting power
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Common Stock 380,020 I Owned by GIC
Special
Investments
PTE LTD, for
which Mr.
Cypres may
exercise
voting power
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (3-99)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Derivative
Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) Security
Deriv- Day/ 8) or Disposed (Month/Day/ (Instr. 5)
ative Year) of (D) (Instr. Year)
Security 3, 4, and 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Stock Option (right Common 395,000
to buy) Stock
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9. Number of 10. Ownership 11. Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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395,000 D
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Explanation of Responses: Note (1) -- Prior to March 23, 2001, West Coast Private Equity Partners, L.P. ("WCPEP") had beneficial
ownership interest in 3,665,047 shares of issuer's common stock, for which reporting person was deemed to have beneficial ownership
through its ability to control the voting of such shares by WCPEP. As of March 23, 2001, WCPEP terminated in accordance with the
terms of its governing partnership agreement and distributed its assets to each of WCPEP's partners (the "Distribution"). Reporting
person is the sole stockholder of G.M. Cypres & Co., Inc., which is the general partner of (i) Cypres Investments Holdings, L.P.
("CIH") and (ii) G.M. Cypres Investment, L.P. ("GMCI"), both of which were partners of WCPEP. CIH received 723,182 shares of
issuer's common stock as a result of the Distribution and GMCI received 105,318 shares of issuer's common stock as a result of the
Distribution. Thus, Mr. Cypres is deemed to indirectly beneficially own these 828,500 shares.
***Intentional misstatements or omissions of facts constitute Federal Criminal /s/ GARY M. CYPRES April 10, 2001
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- --------------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number. Page 2