| Ticker: PFBI | 120 N. Hamilton Street | |
| Exchange: NASDAQ-National Market | Georgetown, Kentucky 40324 | |
| Industry: Financial | (502) 863-7500 |
| Type of Shares: | Common Shares | Filing Date: | 2/29/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 5/16/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $14.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $25,000,000 | Selling: | $0.54 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,909,090 |
| Manager | Tier | Phone |
| Advest, Inc. | Lead Manager | (203) 525-1421 |
| Auditor: Eskew & Gresham, PSC | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $11.93 | Assets: | $155.48 | ||
| Net Income: | $2.16 | Liabilities: | $144.26 | ||
| EPS: | $1.13 | Equity: | $11.22 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company, through its subsidiaries, focuses on providing quality, community banking services to individuals and small to medium sized businesses principally in non-urban areas. The company serves as a parent holding for four banking subsidiaries located in Georgetown, Kentucky, Vanceburg, Kentucky, Germantown, Kentucky, and Sharpsburg, Kentucky, and a data processing subsidiary. Through its experiences in acquiring the Germantown Bank (1992), the Georgetown Bank (1995) and the Sharpsburg Bank (1995), the company has successfully developed and implemented a strategy of joining together community banks that retain their commitment to local orientation and direction, while having the benefit of the company's capital for growth and staff assistance to promote safety, soundness and regulatory compliance. The company intends to seek additional acquisitions of other financial institutions that either have or are viewed as capable of obtaining a significant market share in a short period of time, and whose addition to the company will favorably impact the company's earnings within a reasonable period of time. The company believes that it offers to many community banks a very favorable alternative to a sale to a large Kentucky or out-of-state bank holding company that consolidates affiliates in ways in which the selling community bank's local identify may be lost, independent decision making authority may be greatly diminished and local community support that the community bank has historically provided may be greatly reduced or eliminated. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay debt and for general corporate purposes including providing equity capital to its Germantown bank. |
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