| Community Capital Corporation, The | |||
| Ticker: | CYL | 109 Montague Street | |
| Exchange: | American Stock Exchange | Greenwood, SC 29646 | |
| Industry: | Financial (SIC Code 6021) | (864) 941-8200 | |
| Type of Shares: | Common Shares | Filing Date: | 12/20/96 | |
| U.S. Shares: | 1,465,000 | Offer Date: | 2/11/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.50 - $11.50 | |
| Primary Shares: | 1,465,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $16,115,000 | Selling: | $0.45 | |
| Expenses: | $400,000 | Reallowance: | $0.10 | |
| Shares Out After: | 2,684,109 |
| Manager | Tier | Phone |
| J.C. Bradford & Co. | Lead Manager | (615) 748-9347 |
| Edgar M. Norris & Co., Inc. | Co-manager | (864) 233-3655 |
| Issuer's Law Firm: | Nexsen Pruet Jacobs & Pollard |
| Bank's Law Firm: | Nelson Mullins Riley & Scarbourough |
| Auditor: | Tourville, Simpson & Henderson |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $3.98 | $3.98 | $2.98 | Assets: | $111.58 |
| Net Income: | $0.53 | $0.58 | $0.35 | Curr Assets: | |
| EPS: | Liabilities: | $98.33 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $13.26 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a bank holding company headquartered in Greenwood, S.C. which currently operates through two community banks and is in the process of acquiring de novo community banks in non-metropolitan markets in the State of South Carolina. The company pursues a community banking business which is characterized by personal service and local decision making na deemphasizes the banking needs of individuals and small to medium-sized businesses. The company was formed in 1988 to serve as a holding bank company for Greenwood National Bank, now Greenwood Bank & Trust, principally in response to perceived opportunities resulting from the takeovers of several South Carolina-based banks by large southeastern regional bank holding companies. In many cases, when these consolidations occur, local boards of directors are dissolved and local management is relocated or terminated. The company believes this situation creates favorable opportunities for new community banks with local management and local directors. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to capitalize and fund certain costs incurred in the organization of the New Banks, to finance the acquisition of the Carolina First Branches, and for general corporate purposes. |