| Citizens Bancorp, Inc. | |||
| Proposed Ticker: | - | 60 South Main Street, P.O. Box 635 | |
| Exchange: | NASDAQ-Small Cap Market | Frankfort, IN 46041 | |
| Industry: | Financial (SIC Code 6712) | (765) 654-8533 | |
| Type of Shares: | Common Shares | Filing Date: | 6/12/97 | |
| U.S. Shares Filed: | 920,000 | Filing Price: | $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $9,200,000 | |
| Primary Shares: | 920,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Issuer's Law Firm: | Barnes & Thornburg |
| Bank's Law Firm: | Baker & Daniels |
| Auditor: | Ernst & Young |
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 | ||
| 6/30/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $5.99 | $5.00 | $4.42 | Assets: | $45.15 |
| Net Income: | $0.48 | $0.24 | $0.36 | Curr Assets: | |
| EPS: | Liabilities: | $39.59 | |||
| Prior EPS: | $0.25 | $0.35 | Curr Liabilities: | ||
| Cash Flow/Oper: | $0.52 | Equity: | $5.56 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is an S&L; holding company formed to acquire Citizens Savings Bank of Frankfort. The company is a community and customer oriented federal mutual savings bank. The company provides financial services to individuals, families and small businesses. The bank has historically emphasized residential mortgage lending, primarily originating one-to-four family mortgage loans. The company also operates a subsidiary engaged in real estate development activities. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund its purchase of the capital stock issued by Citizens in the conversion. |