Union Community Bancorp
Proposed Ticker:UCBC 221 East Main Street, P.O. Box 151
Exchange:NASDAQ-National Market Crawfordsville, IN 47933
Industry:Financial (SIC Code 6712) (765) 362-2400
# of Employees:0

Filing Information
Type of Shares:Common Shares Filing Date:9/17/97
U.S. Shares Filed:2,300,000 Filing Price:$10.00
Non-U.S. Shares Filed:0 Offering Amount: $23,000,000
Primary Shares:2,300,000 Expenses: -
Secondary Shares:0 Shares Out After:

Primary Underwriting Group
ManagerTierPhone
Trident Securities, Inc.Lead Manager (919) 781-8900

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Barnes & Thornburg
Bank's Law Firm: Luse Lehman Gorman Pomerenk & Schick
Auditor: Olive, Geo. S. & Co. LLC

Selected Financial Data

Dollar amounts in U.S. millions except for per share data
6 Month Ending Financials
Full Year
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/96 6/30/97 6/30/96 6/30/97
Revenue:$6.00$3.18$2.86Assets:$84.29
Net Income:$0.89$0.56$0.54Curr Assets:
EPS:Liabilities:$69.82
Prior EPS:$0.93$0.80Curr Liabilities:
Cash Flow/Oper:$1.09$0.83$2.95Equity:$14.47
Cash Flow/Fin:$8.19-$0.97-$5.36Cash:$38.23
Cash Flow/Inv:-$9.80-$0.97

Business Description
The company is an S&L; holding company. The company is a community and customer oriented federal mutual savings and loan association. The bank provides financial services to individuals, families and small businesses.

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.

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