| Ticker: | SCBS | 325 Second Street, S.E. | |
| Exchange: | NASDAQ-National Market | Cullman, Alabama 35055 | |
| Industry: | Financial | (205) 734-4863 |
| Type of Shares: | Common Shares | Filing Date: | 9/20/96 | |
| U.S. Shares: | 1,100,000 | Offer Date: | 12/23/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 1,100,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $11,000,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| 9 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $4.73 | $3.65 | $3.46 | Assets: | $64.38 |
| Net Income: | $0.62 | $0.42 | $0.46 | Liabilities: | $58.53 |
| EPS: | Equity: | $5.85 | |||
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 Delaware corporation recently organized at the direction of the Association for the purpose of purchasing all of the capital stock of the Association to be issued in connection with the S & L conversion. The Association is a mutual savings and loan association which was organized in 1905. The primary business of the Association is the origination of loans secured by first mortages on one-to-four family residential real estate located in Cullman County, Alabama, the Assocation's primary market area. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used by the holding company to lend funds to the ESOP and for general corporate purposes, which may include payment of dividends, purchases of common shares and acquisitions of other financial institutions. |
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