Wake Forest Bancorp
Proposed Ticker: WAKE 302 South Brooks Street
Exchange: Over-the-Counter Market Wake Forest, North Carolina
Industry: Financial (919) 556-5146

All share information is proposed
Type of Shares:Common Shares Filing Date:2/12/96
U.S. Shares Filed:475,000 Filing Price:$10.00
Non-U.S. Shares Filed:0 Offering Amount: $4,750,000
Primary Shares:475,000 Expenses:$400,000
Secondary Shares:0 Shs Out After:

ManagerTierPhone
Ryan, Beck & Co.Lead Manager (800) 325-7926

Audited
Income
Latest
Unaudited
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Prior
Unaudited
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EPS:Equity:

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company is an S & L bank holding company.

Use of Proceeds
The proceeds from the proposed offering will be used to fund the transition from a mutual to a stock bank holding company.

Last updated: 10/28/96

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