| First Robinson Financial Corporation | |||
| Ticker: | FRFC | 501 East Main Street | |
| Exchange: | NASDAQ-Small Cap Market | Robinson, IL 62454 | |
| Industry: | Financial (SIC Code 6035) | (618) 544-8621 | |
| Type of Shares: | Common Shares | Filing Date: | 3/19/97 | |
| U.S. Shares: | 859,000 | Offer Date: | 6/30/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 859,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $8,590,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Issuer's Law Firm: | Silver, Freedman & Taff |
| Bank's Law Firm: | Malizia, Spidi, Sloane & Fisch |
| Auditor: | Larsson, Woodyard & Henson LLP |
Dollar amounts in U.S. millions except for per share data | |||||
| 2 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 10/31/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $5.22 | $0.96 | $0.78 | Assets: | $67.54 |
| Net Income: | $0.12 | $0.07 | $0.05 | Curr Assets: | |
| EPS: | Liabilities: | $62.79 | |||
| Prior EPS: | -$0.27 | $0.01 | Curr Liabilities: | ||
| Cash Flow/Oper: | $0.29 | Equity: | $4.75 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company was originally chartered in 1883. The company serves the financial needs of residents and businesses in its primary market area through its retail banking offices located in Crawford County, Illinois. Its deposits are insured up to the maximum allowable amount by the Federal Deposit Insurance Corporation. At December 31, 1996, the company had total assets of $67.5 million, deposits of $59.6 million, and retained earnings of $4.7 million. The Association met all of its regulatory capital requirements at that date. The company has been, and intends to continue to be, a community-oriented, locally owned, financial institution offering financial services to residents and businesses of Crawford County, Illinois. The principal business of the Association has historically consisted of attracting deposits from the general public and investing those funds in primarily one- to four- family residential real estate loans and, to a lesser extent, consumer loans, commercial business and commercial real estate loans and multi-family and construction loans. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |