Albina Community Bancorp

Proposed Ticker: -		2002 N.E. Martin Luther King, Jr. Boulevard
Exchange: None		Portland, Oregon 97211
Industry: Financial

All share information is proposed
Type of Shares:	Common Shares	Filing Date:	4/10/96
U.S. Shares Filed:	100,000	Filing Price:	$10.00
Non-U.S. Shares Filed:	0	Offering Amount:	$1,000,000
Primary Shares:	100,000	Expenses:	$60,000
Secondary Shares:	0	Shs Out After:

Manager	Tier	Phone
Pacific Crest Securities Inc.	Lead Manager	(503) 248-0721

	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet

Revenue:				Assets:
Net Income:				Liabilities:
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 Oregon business corporation organized 1993 by a group of concerned community and corporate citizens to promote community development services in North and Northeast Portland, Oregon, to benefit the low-and moderate-income residents. The company also supports and finances private-sector redevelopment projects in the area. The company intends to promote investment and development in the Albina district through its wholly-owned subsidiary community development bank, Albina Community Bank. Although the company's primary objective is to generate profits for its shareholders, in view of its unique mission, the company may from time to time make decisions which are motivated by considerations other than maximizing profits. The company currently has no operations separate from the Bank. Although the company has no current plans to do so, it may consider opportunities in the future to acquire one or more existing banks which may positioned to further the company's mission. Further, the company anticipates promoting redevelopment through a real estate development company to be organized as a separate, wholly-owned subsidiary of the company.

Use of Proceeds

The proceeds from the proposed offering will be used as additional working capital of the company and possibly to fund the Development Company and for general corporate purposes.

Last updated: 10/28/96