| Sistersville Bancorp, Inc. | |||
| Ticker: | SVBC | 726 Wells Street | |
| Exchange: | Over-the-Counter Market | Sisterville, WV 26175 | |
| Industry: | Financial (SIC Code 6035) | (604) 652-3671 | |
| Type of Shares: | Common Shares | Filing Date: | 3/11/97 | |
| U.S. Shares: | 661,428 | Offer Date: | 6/26/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 661,428 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $6,614,280 | Selling: | ||
| Expenses: | $131,000 | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Issuer's Law Firm: | Malizia, Spidi, Sloane & Fisch |
| Bank's Law Firm: | Not Available |
| Auditor: | S.R. Snodgrass, A.C. |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
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 | ||
| 3/31/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $1.99 | $1.55 | $1.48 | Assets: | $26.26 |
| Net Income: | $0.20 | $0.09 | $0.15 | Curr Assets: | |
| EPS: | Liabilities: | $21.51 | |||
| Prior EPS: | $0.02 | $0.26 | Curr Liabilities: | ||
| Cash Flow/Oper: | $0.29 | Equity: | $4.75 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company was organized under Delaware law in March 1997 at the direction of the Board of Directors of the Association to acquire all of the capital stock that the Association will issue upon its conversion from the mutual to stock form of ownership. The company has not engaged in any significant business to date. The Association, a federally chartered mutual savings and loan association, operates a traditional savings association business, attracting deposit accounts from the general public and using those deposits, together with other funds, primarily to originate and invest in fixed-rate loans secured by single-family residential real estate. At December 31, 1996, the Association had total assets of $26.26 million, total deposits of $21.20 million, and equity of $4.75 million. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to purchase 100% of the to be outstanding common stock of the Association and retain the remainder as its initial capitalization. |