| Community First Banking Company | |||
| Ticker: | CFBC | 110 Dixie Street | |
| Exchange: | NASDAQ-National Market | Carrollton, GA 30117 | |
| Industry: | Financial (SIC Code 6035) | (770) 834-1071 | |
| Type of Shares: | Common Shares | Filing Date: | 3/18/97 | |
| U.S. Shares: | 2,413,000 | Offer Date: | 7/1/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $20.00 | |
| Primary Shares: | 2,413,000 | Offer Price: | $20.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $48,260,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Issuer's Law Firm: | Powell, Goldstein, Frazer & Murphy |
| Bank's Law Firm: | Brooks, Pierce, McLendon, Humphrey & Leonard, LLP |
| Auditor: | Porter, Keadle Moore, LLP |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $16.65 | Assets: | $352.53 | ||
| Net Income: | $0.25 | Curr Assets: | |||
| EPS: | Liabilities: | $327.25 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $3.36 | Equity: | $25.28 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a Georgia corporation organized in March 1997 by the Savings Bank for the purpose of holding all of the common stock, par value $0.01 per share, of the Savings Bank and in order to facilitate the Conversion and Reorganization. Upon completion of the Conversion and Reorganization, the only significant assets of the company will be all of the outstanding Savings Bank Common Stock, the note evidencing the company's loan to the ESOP and the portion of the net proceeds from the Offerings retained by the company. The business of the company will initially consist of the business of the Savings Bank. The directors and executive officers of the company and the Savings Bank believe that it is in the best interests of the Savings Bank, the company and the company's stockholders for the company and the Savings Bank to remain independent, with the objective of long-term enhancement of shareholder value. Accordingly, an investment in the Common Stock of the company may not be suitable for investors who are seeking short-term returns through a sale of the institution. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |