| SHS Bancorp, Inc. | |||
| Ticker: | SHSB | 112 Federal Street | |
| Exchange: | NASDAQ-Small Cap Market | Pittsburgh, PA 15212 | |
| Industry: | Financial (SIC Code 6035) | (412) 231-0809 | |
| Type of Shares: | Common Shares | Filing Date: | 6/27/97 | |
| U.S. Shares: | 820,000 | Offer Date: | 10/1/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 820,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $8,200,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Ryan, Beck & Co. | Lead Manager | (201) 325-3000 |
| Issuer's Law Firm: | Breyer & Aguggia |
| Bank's Law Firm: | Elias, Matz, Tiernan & Herrick |
| Auditor: | Snodgrass, S.R. |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $7.34 | $1.74 | $1.65 | Assets: | $82.81 |
| Net Income: | $0.39 | -$0.39 | $0.06 | Curr Assets: | |
| EPS: | Liabilities: | $78.36 | |||
| Prior EPS: | $0.03 | -$0.07 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$0.03 | Equity: | $4.45 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The Savings Bank is a federally charted mutual savings bank. The bank operates as a community oriented financial institution that engages primarily in the business of attracting deposits from the general public and using those funds to originate loans. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |