# EDGAR Filing Document

**Accession Number:** 0001600583
**File Stem:** 0001493152-23-003065
**Filing Date:** 2023-1
**Character Count:** 9218
**Document Hash:** 51998287d311568ef08277c63006d60c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-003065.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001493152-23-003065

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**EFFECTIVENESS DATE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elizabeth Park Capital Advisors, Ltd.
- **CENTRAL INDEX KEY:** 0001600583
- **IRS NUMBER:** 263172303
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16091
- **FILM NUMBER:** 23570447

**BUSINESS ADDRESS:**
- **STREET 1:** 29525 CHAGRIN BLVD.,
- **STREET 2:** SUITE 318
- **CITY:** PEPPER PIKE
- **STATE:** OH
- **ZIP:** 44122
- **BUSINESS PHONE:** 216-292-5711

**MAIL ADDRESS:**
- **STREET 1:** 29525 CHAGRIN BLVD.,
- **STREET 2:** SUITE 318
- **CITY:** PEPPER PIKE
- **STATE:** OH
- **ZIP:** 44122

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Elizabeth Park Capital Advisors Ltd.<br>**Address:** 29525 Chagrin Blvd.<br>Suite 318<br>Pepper Pike, OH 44122

**Form 13F File Number:** 028-16091

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 form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ernest C. Pelaia<br>**Title:** Chief Operating Officer<br>**Phone:** 216-292-5711

**Signature, Place, and Date of Signing:**

/s/ Ernest C.  Pelaia  Pepper Pike, OH  01-31-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 56

**Form 13F Information Table Value Total:** $223542

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALERUS FINL CORP | COM | 01446U103 |  | 2531 | 108395 | SH |  | SOLE |  | 108395 | 0 | 0 |
| BANK PRINCETON NEW JERSEY | COM | 064520109 |  | 5041 | 158918 | SH |  | SOLE |  | 158918 | 0 | 0 |
| BANNER CORP | COM NEW | 06652V208 |  | 5238 | 82879 | SH |  | SOLE |  | 82879 | 0 | 0 |
| BERKSHIRE HILLS BANCORP INC | COM | 084680107 |  | 4585 | 153336 | SH |  | SOLE |  | 153336 | 0 | 0 |
| BOK FINL CORP | COM NEW | 05561Q201 |  | 4208 | 40548 | SH |  | SOLE |  | 40548 | 0 | 0 |
| CADENCE BANK | COM | 12740C103 |  | 2616 | 106096 | SH |  | SOLE |  | 106096 | 0 | 0 |
| CALIFORNIA BANCORP INC | COM | 13005U101 |  | 4382 | 184281 | SH |  | SOLE |  | 184281 | 0 | 0 |
| CAMDEN NATL CORP | COM | 133034108 |  | 3228 | 77418 | SH |  | SOLE |  | 77418 | 0 | 0 |
| CAPITAL BANCORP INC MD | COM | 139737100 |  | 3843 | 163271 | SH |  | SOLE |  | 163271 | 0 | 0 |
| CF BANKSHARES INC | COM | 12520L109 |  | 3173 | 149830 | SH |  | SOLE |  | 149830 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 4957 | 125906 | SH |  | SOLE |  | 125906 | 0 | 0 |
| CNB FINL CORP PA | COM | 126128107 |  | 2774 | 116596 | SH |  | SOLE |  | 116596 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 5191 | 77650 | SH |  | SOLE |  | 77650 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 4680 | 35001 | SH |  | SOLE |  | 35001 | 0 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 5425 | 82323 | SH |  | SOLE |  | 82323 | 0 | 0 |
| ENTERPRISE BANCORP INC MASS | COM | 293668109 |  | 3057 | 86593 | SH |  | SOLE |  | 86593 | 0 | 0 |
| ENTERPRISE FINL SVCS CORP | COM | 293712105 |  | 7250 | 148075 | SH |  | SOLE |  | 148075 | 0 | 0 |
| ESQUIRE FINL HLDGS INC | COM | 29667J101 |  | 2215 | 51200 | SH |  | SOLE |  | 51200 | 0 | 0 |
| EVANS BANCORP INC | COM NEW | 29911Q208 |  | 4456 | 119174 | SH |  | SOLE |  | 119174 | 0 | 0 |
| FARMERS NATIONAL BANC CORP | COM | 309627107 |  | 3046 | 215695 | SH |  | SOLE |  | 215695 | 0 | 0 |
| FIRST CMNTY CORP S C | COM | 319835104 |  | 3541 | 161784 | SH |  | SOLE |  | 161784 | 0 | 0 |
| FIRST FNDTN INC | COM | 32026V104 |  | 2129 | 148578 | SH |  | SOLE |  | 148578 | 0 | 0 |
| FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 |  | 2847 | 73653 | SH |  | SOLE |  | 73653 | 0 | 0 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 3608 | 29600 | SH |  | SOLE |  | 29600 | 0 | 0 |
| FIRST WESTN FINL INC | COM | 33751L105 |  | 6264 | 222509 | SH |  | SOLE |  | 222509 | 0 | 0 |
| FIVE STAR BANCORP | COM | 33830T103 |  | 2724 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| HARBORONE BANCORP INC NEW | COM NEW | 41165Y100 |  | 2989 | 215026 | SH |  | SOLE |  | 215026 | 0 | 0 |
| HERITAGE COMM CORP | COM | 426927109 |  | 2740 | 210743 | SH |  | SOLE |  | 210743 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 3024 | 214500 | SH |  | SOLE |  | 214500 | 0 | 0 |
| INTERNATIONAL BANCSHARES COR | COM | 459044103 |  | 8358 | 182644 | SH |  | SOLE |  | 182644 | 0 | 0 |
| JOHN MARSHALL BANCORP INC | COM | 47805L101 |  | 5067 | 176071 | SH |  | SOLE |  | 176071 | 0 | 0 |
| LIMESTONE BANCORP INC | COM | 53262L105 |  | 1096 | 44865 | SH |  | SOLE |  | 44865 | 0 | 0 |
| MACATAWA BK CORP | COM | 554225102 |  | 6837 | 619887 | SH |  | SOLE |  | 619887 | 0 | 0 |
| MAINSTREET BANCSHARES INC | COM | 56064Y100 |  | 4656 | 169355 | SH |  | SOLE |  | 169355 | 0 | 0 |
| MERCHANTS BANCORP IND | COM | 58844R108 |  | 1041 | 42808 | SH |  | SOLE |  | 42808 | 0 | 0 |
| OCEANFIRST FINL CORP | COM | 675234108 |  | 4186 | 196972 | SH |  | SOLE |  | 196972 | 0 | 0 |
| OLD NATL BANCORP IND | COM | 680033107 |  | 5449 | 303042 | SH |  | SOLE |  | 303042 | 0 | 0 |
| OLD SECOND BANCORP INC ILL | COM | 680277100 |  | 3511 | 218861 | SH |  | SOLE |  | 218861 | 0 | 0 |
| ORANGE CNTY BANCORP INC | COM | 68417L107 |  | 1209 | 25959 | SH |  | SOLE |  | 25959 | 0 | 0 |
| PEAPACK-GLADSTONE FINL CORP | COM | 704699107 |  | 4515 | 121318 | SH |  | SOLE |  | 121318 | 0 | 0 |
| PEOPLES BANCORP INC | COM | 709789101 |  | 4016 | 142158 | SH |  | SOLE |  | 142158 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 5319 | 72471 | SH |  | SOLE |  | 72471 | 0 | 0 |
| PREMIER FINANCIAL CORP | COM | 74052F108 |  | 4024 | 149193 | SH |  | SOLE |  | 149193 | 0 | 0 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 4454 | 61277 | SH |  | SOLE |  | 61277 | 0 | 0 |
| QCR HOLDINGS INC | COM | 74727A104 |  | 10146 | 204397 | SH |  | SOLE |  | 204397 | 0 | 0 |
| RED RIVER BANCSHARES INC | COM | 75686R202 |  | 2637 | 51645 | SH |  | SOLE |  | 51645 | 0 | 0 |
| RIVERVIEW BANCORP INC | COM | 769397100 |  | 3995 | 520242 | SH |  | SOLE |  | 520242 | 0 | 0 |
| SMARTFINANCIAL INC | COM NEW | 83190L208 |  | 4074 | 148160 | SH |  | SOLE |  | 148160 | 0 | 0 |
| STELLAR BANCORP INC | COM | 858927106 |  | 3535 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 1051 | 27988 | SH |  | SOLE |  | 27988 | 0 | 0 |
| TEXAS CAP BANCSHARES INC | COM | 88224Q107 |  | 7138 | 118348 | SH |  | SOLE |  | 118348 | 0 | 0 |
| UNITED SEC BANCSHARES CALIF | COM | 911460103 |  | 3419 | 467776 | SH |  | SOLE |  | 467776 | 0 | 0 |
| USCB FINANCIAL HOLDINGS INC | CLASS A COM | 90355N101 |  | 2074 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| VILLAGE BK  TR FINL CORP | COM NEW | 92705T200 |  | 1867 | 35907 | SH |  | SOLE |  | 35907 | 0 | 0 |
| VIRGINIA NATL BANKSHARES COR | COM | 928031103 |  | 3595 | 98076 | SH |  | SOLE |  | 98076 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 4512 | 95300 | SH |  | SOLE |  | 95300 | 0 | 0 |

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