| Ticker: BEVB | 1357 West 103rd Street | |
| Exchange: NASDAQ-National Market | Chicago, Illinois 60643 | |
| Industry: Financial | (312) 881-2214 |
| Type of Shares: | Common Shares | Filing Date: | 6/24/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 8/22/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $15,000,000 | Selling: | $0.55 | |
| Expenses: | $450,000 | Reallowance: | $0.25 | |
| Shares Out After: | 4,974,942 |
| Manager | Tier | Phone |
| Howe Barnes Investments, Inc. | Lead Manager | (312) 655-2952 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $47.84 | $24.93 | $23.27 | Assets: | $614.57 |
| Net Income: | $6.20 | $3.01 | $2.85 | Liabilities: | $573.98 |
| EPS: | $1.26 | $0.74 | $0.58 | Equity: | $40.59 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a community based financial services holding company that provides a full range of banking services and personal and corporate trust services. The company's principal operating subsidiaries are Beverly Bank, Beverly Bank Metteson, First National Bank of Wilmington, which was federally chartered in 1863 and is the second oldest active national bank in Illinois. The Banks are community-oriented, full-service commercial banks, providing a full range of banking services to individuals, small-to-medium-sized businesses, and not-for-profit organizations. The Banks operate out of 12 full-service locations in the south and southwest parts of the Chicago metropolitan area, a business development office located in downtown Chicago and a mortgage origination office located in Naperville, Illinois. Through Wilmington, the company also operates a full-service insurance agency and a residential mortgage brokerage business and offers a broad range of annuities and mutual funds through a relationship with a securities firm. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay outstanding short-term borrowings, remaining proceeds will be used for general corporate purposes including establishing additional branches and offices and acquiring businesses complementary to those of the company. |
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