- Amended Statement of Changes in Beneficial Ownership (4/A)

FORM 4 [ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Pandora Select Partners, L.P.	2. Issuer Name and Ticker or Trading Symbol CAPSOURCE FINANCIAL INC [ CPSO ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __ X __ 10% Owner _____ Officer (give title below) __ X __ Other (specify below) See Remarks below
(Last) (First) (Middle) 3033 EXCELSIOR BOULEVARD, SUITE 300	3. Date of Earliest Transaction (MM/DD/YYYY) 11/12/2008
(Street) MINNEAPOLIS, MN 55416 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY) 11/18/2008	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock ⁽¹⁾	11/12/2008		S		2875000	D	⁽²⁾	0	D ⁽³⁾ ⁽⁴⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Warrant ⁽¹⁾	$.90	11/12/2008		S			2500000	5/1/2006	5/1/2011	Common Stock	2500000	⁽²⁾	0	D ⁽³⁾ ⁽⁴⁾
Warrants to purchase Common Stock ⁽¹⁾	$.90	11/12/2008		S			375000	10/30/2006	10/30/2011	Common Stock	375000	⁽²⁾	0	D ⁽³⁾ ⁽⁴⁾

Explanation of Responses:
( 1)	The Common Stock and Warrants were sold together in a private transaction.
( 2)	The Common Stock and Warrants were sold for an aggregate sales price of $187,500.
( 3)	The general partner of the reporting person is Pandora Select Advisors, LLC ("PSA"), which manages accounts for the benefit of the reporting person, Pandora Select Fund, LP ("PSFLP") and Pandora Select Fund, Ltd. ("PSFLTD"). The managing member and controlling owner of PSA is Whitebox Advisors, LLC ("Whitebox Advisors").
( 4)	Based on the relationships described herein, these entities may be deemed to constitute a group (also see "Remarks" section herein) for purposes of Rule 13d-5(b)(1) under the Securities and Exchange Act of 1934. The filing of this statement shall not be construed as an admission that the reporting person, Whitebox Advisors, PSA, PSFLP and PSFLTD are a group or have agreed to act as a group or that any such entity other than the reporting person has a reportable interest in the Issuer's Common Stock for Section 16 purposes. Each of the identified entities disclaims beneficial ownership of such shares of Common Stock except to the extent of their pecuniary interest in such shares.

Remarks:
The reporting person is a member of a "group" for Section 16 reporting purposes with one other shareholder of the Issuer, Whitebox Intermarket Partners, L.P.
This amendment is filed to indicate that the reporting person is no longer subject to Section 16 with respect to securities of the Issuer, and to clarify the transaction date and prices at which the reported securities were sold and statements made in footnotes.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Pandora Select Partners, L.P. 3033 EXCELSIOR BOULEVARD, SUITE 300 MINNEAPOLIS, MN 55416		X		See Remarks below

Signatures
/s/ Jonathan D. Wood, Chief Operating Officer, General Partner, Pandora Select Advisors, LLC for PANDORA SELECT PARTNERS, L.P.		11/19/2008
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.