| First Carnegie Deposit | |||
| Ticker: | SKBO | 242 East Main Street | |
| Exchange: | NASDAQ-National Market | Carnegie, PA 15106 | |
| Industry: | Financial (SIC Code 6022) | (412) 276-2424 | |
| Type of Shares: | Common Shares | Filing Date: | 2/11/97 | |
| U.S. Shares: | 1,035,000 | Offer Date: | 4/4/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 1,035,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.57 | |
| Offering Amount: | $10,350,000 | Selling: | ||
| Expenses: | $300,000 | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Capital Resources, Inc. | Lead Manager | (202) 466-5685 |
| Issuer's Law Firm: | Malizia, Spidi, Sloane & Fisch |
| Bank's Law Firm: | Serchuk & Zelemyer |
| Auditor: | KPMG Peat Marwick |
| Business Description |
| The company is an S & L holding company. The Bank is a federally chartered mutual savings bank which conducts business from its main office located in Carnegie, Pennsylvania and its two branch offices, one each in McKees Rocks and Washington, Pennsylvania. The Bank conducts a non-traditional savings institution business, attracting deposit accounts from the general public and using those deposits, together with other funds, primarily to invest in mortgage-backed and other investment securities and Small Business Administration and other federal agency guaranteed commercial and consumer loans, and to originate and purchase one- to four-family mortgage loans. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |