| Proposed Ticker: | - | 3379 Peachtree Road, N.E., Suite 100 | |
| Exchange: | Over-the-Counter Market | Atlanta, Georgia 30326 | |
| Industry: | Financial | (404) 812-0440 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 11/20/96 | |
| U.S. Shares Filed: | 2,400,000 | Filing Price: | $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $12,000,000 | |
| Primary Shares: | 2,400,000 | Expenses: | $40,000 | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| Non-Underwritten | Lead Manager |
| Auditor: Porter, Keadle Moore, LLP | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 10/31/96 | 10/31/96 | ||||
| Revenue: | $0.00 | Assets: | $0.43 | ||
| Net Income: | -$0.01 | Liabilities: | $0.04 | ||
| EPS: | Equity: | $0.39 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was incorporated under the laws of the State of Georgia on October 15, 1996, primarily to hold all of the capital stock of its proposed national banking subsidiary, Buckhead National Bank. The company may not acquire the capital stock of the Bank without the prior approval of the Federal Reserve Bank of Atlanta, as the delegate of the Board of Governors of the Federal Reserve System, and the Georgia Department of Banking and Finance. The company will file an application for Federal Reserve approval once it obtains preliminary approval of the application for a charter from the United States Office of the Comptroller of the Currency. The company initially will engage in no business other than owning and managing the Bank. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to capitalize the Bank through the purchase of capital stock of the Bank through the purchase of capital stock of the Bank, subject to regulatory approval; to pay organizational expenses of the company; and to provide working capital. |
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