Filing Details

Accession Number:
0001341004-16-001278
Form Type:
13G Filing
Publication Date:
2016-04-12 17:14:55
Filed By:
MFP Investors
Company:
Mb Bancorp Inc (OTCBB:MBCQ)
Filing Date:
2016-04-12
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
MFP Partners 170,559 170,559 170,559 8.1%
MFP Investors 170,559 170,559 170,559 8.1%
Michael F. Price(1) c o MFP Investors 170,559 170,559 170,559 8.1%
Filing
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G


Under the Securities Exchange Act of 1934

(Amendment No.  )*

MB Bancorp, Inc.
(Name of Issuer)
 
Common Stock, par value $0.01
(Title of Class of Securities)
 
55280E104
(CUSIP Number)
 
April 5, 2016
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 
£ Rule 13d-l(b)
   
 
T Rule 13d-l(c)
   
 
£ Rule 13d-l(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).


CUSIP No. 55280E104

     
1. 
 
Names of Reporting Persons
     
   
MFP Partners, L.P.(1)
   
c/o MFP Investors LLC
   
667 Madison Avenue, 25th Floor
   
New York, NY 10065
     
     
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
     
     
   
5.
 
Sole Voting Power
         
Number of
       
Shares
 
6.
 
Shared Voting Power       170,559
Beneficially
       
Owned by Each
       
Reporting Person
 
7.
 
Sole Dispositive Power
With:
       
         
   
8.
 
Shared Dispositive Power       170,559
     
     
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person       170,559
     
     
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
     
     
11.
 
Percent of Class Represented by Amount in Row (9)       8.1%(2)
     
     
12.
 
Type of Reporting Person (See Instructions)
   
PN
     

(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and the managing member and controlling person of MFP Investors LLC.

(2) Calculation based on 2,116,000 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-K.  Due to their respective relationships with each other, each of the Reporting Persons (as defined herein) may be deemed to share voting and dispositive power with respect to the shares of Common Stock reported herein.


CUSIP No. 55280E104

     
1. 
 
Names of Reporting Persons
     
   
MFP Investors LLC(1)
   
667 Madison Avenue, 25th Floor
   
New York, NY 10065
     
     
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
     
     
   
5.
 
Sole Voting Power
         
Number of
       
Shares
 
6.
 
Shared Voting Power       170,559
Beneficially
       
Owned by Each
       
Reporting Person
 
7.
 
Sole Dispositive Power
With:
       
         
   
8.
 
Shared Dispositive Power       170,559
     
     
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person       170,559
     
     
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
     
     
11.
 
Percent of Class Represented by Amount in Row (9)       8.1%(2)
     
     
12.
 
Type of Reporting Person (See Instructions)
   
OO
     
 
(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.

(2) Calculation based on 2,116,000 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-K.  Due to their respective relationships with each other, each of the Reporting Persons (as defined herein) may be deemed to share voting and dispositive power with respect to the shares of Common Stock reported herein.


CUSIP No. 55280E104

     
1.
 
Names of Reporting Persons
     
   
Michael F. Price(1)
   
c/o MFP Investors LLC
   
667 Madison Avenue, 25th Floor
   
New York, NY 10065
     
     
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       United States of America
     
     
   
5.
 
Sole Voting Power
         
Number of
       
Shares
 
6.
 
Shared Voting Power       170,559
Beneficially
       
Owned by Each
       
Reporting Person
 
7.
 
Sole Dispositive Power
With:
       
         
   
8.
 
Shared Dispositive Power       170,559
     
     
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person       170,559
     
     
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
     
     
11.
 
Percent of Class Represented by Amount in Row (9)       8.1%(2)
     
     
12.
 
Type of Reporting Person (See Instructions)
   
IN
     
 
(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.

(2) Calculation based on 2,116,000 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-K.  Due to their respective relationships with each other, each of the Reporting Persons (as defined herein) may be deemed to share voting and dispositive power with respect to the shares of Common Stock reported herein.


CUSIP No. 55280E104

Item 1.
 
   
(a)
 
Name of Issuer
         
       
MB Bancorp, Inc.
         
   
(b)
 
Address of Issuer's Principal Executive Offices
         
       
1920 Rock Spring Road
       
Forest Hill, MD 21050
       
USA
         
Item 2.
       
         
   
(a)
 
Name of Person Filing
         
       
MFP Partners, L.P.
       
MFP Investors LLC
       
Michael F. Price
         
   
(b)
 
Address of Principal Business Office or, if none, Residence
         
       
667 Madison Avenue, 25th Floor
       
New York, NY 10065
         
   
(c)
 
Citizenship
         
       
MFP Partners, L.P. and MFP Investors LLC are each organized under the laws of the state of Delaware.  Michael F. Price is a citizen of the United States of America.
         
   
(d)
 
Title of Class of Securities
         
       
Common Stock, par value $0.01 per share
         
   
(e)
 
CUSIP Number
         
       
55280E104
         
Item 3.
 
If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:
     
   
Not applicable.
     
Item 4.
 
Ownership.
     
   
MFP Partners, L.P. directly owns 170,559 shares of Common Stock, representing 8.1% of the total number of shares of Common Stock outstanding.  As the investment advisor to MFP Partners, L.P., MFP Investors LLC is deemed to have shared power to vote 170,559 shares of Common Stock, representing 8.1% of the total number of shares of Common Stock outstanding.  As Managing Member and controlling person of MFP Investors LLC, Michael F. Price is deemed to have shared power to vote 170,559 shares of Common Stock, representing 8.1% of the total number of shares of Common Stock outstanding.
     
   
The ownership percentages set forth above are based on 2,116,000 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-K filed by the issuer with the Securities and Exchange Commission for the fiscal year ended December 31, 2015.
     
     
 

CUSIP No. 55280E104

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
     
   
MFP Investors LLC manages investments for MFP Partners, L.P. which beneficially owns more than 5% of the shares of Common Stock.
     
Item 7.
 
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
     
   
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 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, other than activities solely in connection with a nomination under §240.14a–11.

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 as of April 12, 2016.

 
MFP Partners, L.P.
   
 
/s/ Michael F. Price
 
Signature
       
 
Name:
 
Michael F. Price
 
Title:
 
Managing Partner
       
       
 
MFP Investors LLC
   
 
/s/ Michael F. Price
 
Signature
   
 
Name:
 
Michael F. Price
 
Title:
 
Managing Member
       
       
 
MICHAEL F. PRICE
   
 
/s/ Michael F. Price
 
Signature
 
Name:
 
Michael F. Price


CUSIP No. 55280E104

EXHIBITS

 Exhibit
   
 Number
 
 Title
     
 1
 
 Joint Filing Agreement dated April 12, 2016 among the Reporting Persons (filed herewith)

 
 
 
 
 
 
 
 
Page 7 of 8 pages