13F-HR 1 scc13f93011.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F-HR Form 13F COVER PAGE Report for the Calendar Year of Quarter Ended: September 30, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.):[ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Second Curve Capital, LLC Address: 237 Park Ave 9th Floor New York, NY 10017 Form 13F File Number: 028-06413 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Person Signing this Report on Behalf of Reporting Manager: Name: Stephen Krug Title: Chief Operating Officer Phone: 646-563-7610 Signature, Place, and Date of Signing: Stephen Krug New York, NY November 14, 2011 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total:17 Form 13F Information Table Value Total: $ 150,526 (thousands) List of Other Included Managers: None FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED BANCORP INC COM 05969A105 7,479 1044532 SH SOLE 1044532 BANNER CORPORATION COM 06652V109 19,622 1534140 SH SOLE 1534140 CITIZENS REPUBLIC BANCORP INC COM 174420109 18,780 2713834 SH SOLE 2713834 COBIZ FINANCIAL INC COM 190897108 12,812 2866151 SH SOLE 2866151 COMPUCREDIT CORP COM 20478T107 4,619 1655631 SH SOLE 1655631 FIRST MERCHANTS CORP COM 320817109 3,433 487013 SH SOLE 487013 MERCANTILE BANK CORP COM 587376104 6,572 843666 SH SOLE 843666 NEWSTAR FINANCIAL INC COM 65251F105 19,630 2101678 SH SOLE 2101678 PRIMUS GUARANTY LTD COM G72457107 27,791 5273372 SH SOLE 5273372 SEACOAST BANKING CORP INC COM 811707306 2,120 1442000 SH SOLE 1442000 STERLING FINANCIAL CORP COM 859319105 4,674 377528 SH SOLE 377528 SUN BANCORP INC COM 86663B102 1,829 690356 SH SOLE 690356 SYNOVUS FINANCIAL CORP COM 87161C105 3,551 3318548 SH SOLE 3318548 TAYLOR CAPITAL GROUP INC COM 876851106 12,995 2024183 SH SOLE 2024183 TENNESSEE COMMERCE BANCORP COM 88043P108 1,122 1219456 SH SOLE 1219456 TREE COM INC COM 894675107 2,145 428982 SH SOLE 428982 WESTERN ALLIANCE BANCORP COM 957638109 1,352 246829 SH SOLE 246829