Pennwood Bancorp, Inc.
Ticker: PWBK
Exchange: NASDAQ-Small Cap Market Pittsburgh, Pennsylvania
Industry: Financial

Type of Shares:Common Shares Filing Date:3/15/96
U.S. Shares:610,128 Offer Date:7/12/96
Non-U.S. Shares:0 Filing Price:$10.00
Primary Shares:610,128 Offer Price:$10.00
Secondary Shares:0 Gross Spread:
Offering Amount: $6,101,280 Selling:
Expenses: - Reallowance:
Shares Out After: -

ManagerTierPhone
Charles Webb & CompanyLead Manager (614) 766-8400
Friedman, Billings, Ramsey & Co., Inc.Co-manager (703) 312-9500

Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
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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 S & L 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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