AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON January 10, 2002.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3 )
Kankakee Bancorp, Inc.
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(Name of Issuer)
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Common Stock $.01 Par Value
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(Title of Class of Securities)
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484243-10-0
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(CUSIP Number)
James F. Dierberg
135 N. Meramec, Clayton, MO 63105
(314) 854-4600
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 7, 2002
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
|_|.
SCHEDULE 13D
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CUSIP NO. 484243-10-0 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
INVESTORS OF AMERICA, LIMITED PARTNERSHIP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OFA GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO |_| ITEMS 2(d)OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEVADA
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NUMBER OF 7 SOLE VOTING POWER
SHARES 105,000
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
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EACH 9 SOLE DISPOSITIVE POWER
105,000
REPORTING
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PERSON 10 SHARED DISPOSITIVE POWER
WITH NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
105,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
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14 TYPE OF REPORTING PERSON
IV, PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
Item 1. Security and Issuer
The statement on Schedule 13D filed by the reporting person on January 21,
1993, as amended on June 20, 1994 and June 14, 2000, relating to the Common
Stock, par value $0.01 per share (the "Common Stock"), issued by Kankakee
Bancorp ("Bancorp"), whose principal executive offices are located at 310 S.
Schuyler Avenue, Kankakee, Illinois 60901, is hereby amended as follows:
Item 2. Identity and Background
There are no changes with respect to this Item.
Item 3. Source and Amount of Funds or Other Consideration
Not applicable. This amended statement is being filed by Investors to
report the disposition of 35,000 shares of Common Stock of Kankakee.
Item 4. Purpose of Transaction
There are no changes with respect to this Item.
Item 5. Interest in Securities of the Issuer
(a) The aggregate percentage of shares of Common Stock reported owned by
the reporting person is based upon 1,216,358 shares outstanding at November 2,
2001, as indicated in the 10Q for the quarter ending September 30, 2001. As of
the close of business on January 9, 2002, Investors beneficially owned 105,000
shares, or approximately 8.63% of such number of shares of Common Stock.
(b) Investors beneficially owns 105,000 shares of the Common Stock and has
the sole power to vote and dispose of such shares.
(c) All transactions in the shares of Common Stock effected by Investors
during the past sixty days are described in Exhibit 5(c) attached hereto. All
such shares were sold through a broker/dealer.
(d-e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
There are no changes with respect to this Item.
Item 7. Material to Be Filed as Exhibits
Exhibit 5(c) - Transactions in the Common Stock effected during the past
sixty days.
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.
INVESTORS OF AMERICA, LIMITED PARTNERSHIP
By: /s/ James F. Dierberg
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James F. Dierberg, President of
First Securities America, Inc.,
General Partner
Date: January 10, 2002
Exhibit 5(c)
INVESTORS OF AMERICA, LIMITED PARTNERSHIP
(Transactions Effected Within Past 60 Days)
Identity of Number of Price per
Seller Date of Sale Shares Sold Share
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Investors of America, January 7, 2002 35,000 $28.2759
Limited Partnership