| Ticker: FALN | 222 South 10th Street | |
| Exchange: NASDAQ-National Market | Oakdale, Louisiana 71463 | |
| Industry: Financial | (318) 335-2031 |
| Type of Shares: | Common Shares | Filing Date: | 6/26/96 | |
| U.S. Shares: | 264,506 | Offer Date: | 10/1/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 264,506 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.65 | |
| Offering Amount: | $2,645,060 | Selling: | ||
| Expenses: | $350,000 | 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 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $2.25 | $0.58 | $0.51 | Assets: | $29.61 |
| Net Income: | $0.29 | $0.05 | $0.07 | Liabilities: | $27.50 |
| EPS: | Equity: | $2.10 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| First Federal Savings and Loan Association of Allen Parish is a federally chartered mutual savings and loan association headquartered in Oakdale, Louisana. First Federal was originally charted in 1962. The bank has been, and intends to continue to be, a community-oriented financial institution offering selected financial services to meet the needs of the communities it serves. The Association attracts deposits from the general public and historically has used such deposits, together with other funds, to originate loans secured by real estate, including one-to-four family residential mortgage loans, commercial real estate loans, land loans, construction loans and loans secured by other properties. The Association also originates consumer and other loans consisting primarily of loans secured automobiles, manufactured homes, loans secured by deposits and lines of credit. The Association funds its lending and investment activities primarily from deposits received, repayment of principal and interest on its loans and mortgage-backed securities and borrowings from the Federal Home Loan Bank of Dallas. |
| 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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