| Ticker: GLDB | 11301 Nall Avenue | |
| Exchange: NASDAQ-National Market | Leawood, Kansas 66211 | |
| Industry: Financial | (913) 451-8050 |
| Type of Shares: | Common Shares | Filing Date: | 9/20/95 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 11/19/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.50 - $9.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $8.75 | |
| Secondary Shares: | 0 | Gross Spread: | $0.61 | |
| Offering Amount: | $17,500,000 | Selling: | $0.36 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 4,000,000 |
| Manager | Tier | Phone |
| Advest, Inc. | Lead Manager | (203) 525-1421 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $20.37 | $11.48 | $9.24 | Assets: | $280.10 |
| Net Income: | $0.70 | $0.72 | $0.41 | Liabilities: | $269.01 |
| EPS: | $0.34 | $0.36 | $0.20 | Equity: | $11.09 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a multi-bank holding company that owns and operates two commercial banks and a federal savings bank. The Banks include: (i) Exchange National Bank, a national bank headquartered in Marysville, Kansas, the county seat of Marshall County, that has branch locations in Leawood and Shawnee, two cities in Johnson County, Kansas; (ii) Citizens State Bank and Trust Company, a state bank located in Seneca, Kansas, the county seat of Nemaha County; and (iii) Provident Bank, f.s.b., a federal savings bank located in St. Joseph, Missouri, the county seat of Buchanan County. The Banks are community banks providing a full range of commercial and consumer banking services to small and medium-sized communities and the surrounding market areas. Additionally, Provident Bank engages in mortgage banking operations. Since December 1978, the company has grown internally and through acquisitions from a one holding company with total assets as of June 30, 1996 of $280.1 million. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to retire debt of $6.6 million, to make a $3 million capital contribution to Exchange Bank to support its internal growth, to finance the company's future growth strategy and for general corporate purposes. |
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