| Heritage Bancorp, Inc. | |||
| Proposed Ticker: | - | 201 W. Main Street | |
| Exchange: | NASDAQ-National Market | Laurens, SC 29360 | |
| Industry: | Financial (SIC Code 6035) | (864) 984-4581 | |
| # of Employees: | 35 | ||
| Type of Shares: | Common Shares | Filing Date: | 12/10/97 | |
| U.S. Shares Filed: | 4,025,000 | Filing Price: | $15.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $60,375,000 | |
| Primary Shares: | 4,025,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Issuer's Law Firm: | Breyer & Aguggia |
| Bank's Law Firm: | Luse Lehman Gorman Pomerenk & Schick |
| Auditor: | Deloitte & Touche |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/97 | 9/30/97 | ||||
| Revenue: | $17.98 | Assets: | $247.50 | ||
| Net Income: | $1.95 | Curr Assets: | |||
| EPS: | Liabilities: | $218.26 | |||
| Prior EPS: | Curr Liabilities: | $215.41 | |||
| Cash Flow/Oper: | $1.26 | Equity: | $29.23 | ||
| Cash Flow/Fin: | $0.68 | Cash: | $14.66 | ||
| Cash Flow/Inv: | $6.85 | ||||
| Business Description |
| The company is the bank holding company for the Heritage Federal Savings & Loan Association. The bank's primary business is to attract deposits from the general public and use those funds to originate residential mortgage loans. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to buy all of the outstanding common stock of the Association and for general corporate purposes. |