| WSB Holding Company | |||
| Proposed Ticker: | - | 807 Middle Street | |
| Exchange: | NASDAQ-National Market | Pittsburgh, PA 15212 | |
| Industry: | Financial (SIC Code 6035) | (412) 231-7297 | |
| Type of Shares: | Common Shares | Filing Date: | 6/17/97 | |
| U.S. Shares Filed: | 287,500 | Filing Price: | $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $2,875,000 | |
| Primary Shares: | 287,500 | Expenses: | - | |
| Secondary Shares: | 0 | 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: | Brooks, Pierce, McLendon, Humphrey & Leonard, LLP |
| Auditor: | Hinds, Lind, Miller & 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 | ||
| 6/30/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $2.13 | $1.74 | $1.59 | Assets: | $33.13 |
| Net Income: | $0.04 | -$0.07 | $0.03 | Curr Assets: | |
| EPS: | Liabilities: | $31.11 | |||
| Prior EPS: | $0.04 | $0.01 | Curr Liabilities: | ||
| Cash Flow/Oper: | $0.07 | Equity: | $2.02 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| Workingmens Savings Bank, Fsb is a community and customer oriented federal mutual savings bank. The holding company is not an operating company and has not engaged in any significant business to date. It was formed in June 1997 as a Savings Bank, FSB. The holding company structure will provide greater flexibility in terms of operations, expansion and diversification. Workingmens Savings Bank, FSB began operations in 1881 under the name, "Workingmens Premium and Loan Association of Allegheny County." The company provides financial services to individuals, families and small businesses. Historically, we have emphasized residential mortgage lending, primarily originating one- to four-family mortgage loans. At March 31, 1997 the company had total assets of $33.1 million, deposits of $27.9 million, and total equity of $2.0 million. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |