| Ticker: TYFC | 8200 Greensboro Drive, Suite 100 | |
| Exchange: NASDAQ-Small Cap Market | McLean, Virginia 22102 | |
| Industry: Financial | (703) 556-0015 |
| Type of Shares: | Common Shares | Filing Date: | 4/3/96 | |
| U.S. Shares: | 350,000 | Offer Date: | 5/24/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $9.00 | |
| Primary Shares: | 350,000 | Offer Price: | $8.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $2,975,000 | Selling: | $0.36 | |
| Expenses: | $156,850 | Reallowance: | $0.10 | |
| Shares Out After: | 1,018,619 |
| Manager | Tier | Phone |
| Scott & Stringfellow, Inc. | Lead Manager | (804) 780-3258 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $7.03 | $2.21 | $1.23 | Assets: | $76.35 |
| Net Income: | $0.57 | $0.28 | $0.01 | Liabilities: | $71.91 |
| EPS: | $0.92 | $0.44 | $0.02 | Equity: | $4.44 |
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 state chartered commercial bank holding company. The Bank engages in a general commercial banking business with particular emphasis on the needs of professionals, entrepreneurs, and small to medium-sized businesses located in its primary service area. The Bank offers a comprehensive range of banking services that are generally offered by other full service banks and savings and loans associations. Such services include commercial and personal checking accounts, Automated Teller Machine card services for the MOST, Cirrus and Exchange ATM networks, savings accounts, and other time deposits including individual retirement accounts and certificates of deposit. The Bank also provides loans to businesses, including both secured and unsecured short-term loans for working capital purposes, term loans for fixed assets and expansion needs such as real estate acquisition and improvements. |
| Use of Proceeds |
| Proceeds from the offering will be used for general corporate purposes, including to provide additional equity capital to support future growth, including possible future acquisitions of other financial institutions, their branches or deposits. |
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