Citizens Effingham Bancshares, Inc.
Proposed Ticker: - 802 South Laurel Street, P.O. Box 379
Exchange:NASDAQ-National Market Springfield, GA 31329
Industry:Financial (SIC Code 6035) (912) 754-0754

Filing Information
Type of Shares:Common Shares Filing Date:11/10/97
U.S. Shares Filed:512,000 Filing Price:$10.00
Non-U.S. Shares Filed:0 Offering Amount: $5,120,000
Primary Shares:512,000 Expenses:$29,500
Secondary Shares:0 Shares Out After:

Primary Underwriting Group
ManagerTierPhone
A Non-Identified UnderwriterLead Manager

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Ellis, Painter, Ratterree & Bart LLP
Bank's Law Firm: Not Available
Auditor: Thigpen, Jones, Seaton & Co.

Selected Financial Data

Dollar amounts in U.S. millions except for per share data
Full Year
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
8/31/97 8/31/97
Revenue:Assets:$0.10
Net Income:Curr Assets:
EPS:Liabilities:$0.10
Prior EPS:Curr Liabilities:
Cash Flow/Oper:$0.10Equity:$0.00
Cash Flow/Fin:-$0.09Cash:$0.01
Cash Flow/Inv:-$0.09

Business Description
The company is the bank holding company for Citizens Bank of Effingham.

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

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