| Market Financial Corporation | |||
| Ticker: | MRKF | 7522 Hamilton Avenue | |
| Exchange: | Over-the-Counter Market | Mount Healthy, OH 45231 | |
| Industry: | Financial (SIC Code 6036) | (513) 521-9772 | |
| Type of Shares: | Common Shares | Filing Date: | 8/16/96 | |
| U.S. Shares: | 1,161,500 | Offer Date: | 4/4/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 1,161,500 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.49 | |
| Offering Amount: | $11,615,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Charles Webb & Company | Lead Manager | (614) 766-8400 |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $3.19 | $2.48 | $2.38 | Assets: | $46.26 |
| Net Income: | $0.47 | $0.30 | $0.38 | Curr Assets: | |
| EPS: | Liabilities: | $38.73 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $7.53 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a mutual savings and loan association organized under Ohio law in 1883 under the name "The Court Street Market Building and Saving Company." In 1926, the company adopted its current name. In 1960, the Hilltop Savings and Loan Company of Mt. Healthy, Ohio, was merged into the company. The Cleves-North Bend Building and Loan Company of North Bend, Ohio, was merged into the company in 1994. The principal business of the company is the origination of permanent mortgage loans secured by first mortgages on one-to four-family residential real estate located in Hamilton County, Ohio, the company's primary market area. The company also originates a limited number of loans for the construction of one-to four-family residences and permanent mortgage loans secured by multifamily real estate and nonresidential real estate in its market area. In addition to real estate lending, the company originates a limited number of loans secured by deposits at the company. |
| Competition |
| The company competes for deposits with other savings and loan associations, savings banks, commercial banks and credit unions and with issuers of commercial paper and other securities, including shares in money market mutual funds. The primary factors in competition for deposits are customer service and convenience of office location. In making loans, the company competes with other savings associations, savings banks, commercial banks, mortgage brokers, consumer finance companies, credit unions, leasing companies and other lenders. The company competes for loan originations primarily through the interest rates and loan fees it charges and through the efficiency and quality of services it provides to borrowers. Competition is intense and is affected by, among other things, the general availability of lendable funds, general and local economic conditions, current interest rate levels and other factors which are not readily predictable. The company does not offer all of the products and services offered by some of its competirors, particularly commercial banks. |
| 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. |