| Ticker: CNSB | ||
| Exchange: NASDAQ-Small Cap Market | Jefferson City, Missouri | |
| Industry: Financial |
| Type of Shares: | Common Shares | Filing Date: | 3/1/96 | |
| U.S. Shares: | 1,437,500 | Offer Date: | 6/12/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 1,437,500 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.52 | |
| Offering Amount: | $14,375,000 | Selling: | ||
| Expenses: | $376,000 | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $5.80 | Assets: | $85.39 | ||
| Net Income: | $0.19 | Liabilities: | $76.21 | ||
| EPS: | Equity: | $9.18 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Holding Company is a Delaware corporation organized in January 1996 at the direction of the Savings Bank to acquire all of the capital stock that the Savings Bank will issue upon its conversion from the mutual to stock form of ownership. The Holding Company has not engaged in any significant business to date. The Holding Company has received the approval of the OTS to become a savings and loan holding company and to acquire 100% of the capital stock of the Savings Bank. Immediately following the Conversion, the only significant assets of the Holding Company will be the capital stock of the Savings Bank, that portion of the net proceeds of the Offerings permitted by the OTS to be retained by the Holding Company and a note receivable from the ESOP evidencing a loan from the Holding Company to fund the Savings Bank's ESOP. |
| 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. |
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