| BOC Financial Corp. | |||
| Proposed Ticker: | - | 107 South Central Avenue | |
| Exchange: | Over-the-Counter Market | Landis, NC 28088 | |
| Industry: | Financial (SIC Code 6712) | (704) 857-7277 | |
| Type of Shares: | Common Shares | Filing Date: | 12/12/97 | |
| U.S. Shares Filed: | 925,750 | Filing Price: | $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $9,257,500 | |
| Primary Shares: | 925,750 | Expenses: | $450,000 | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| A Non Underwritten Offering | Lead Manager |
| Issuer's Law Firm: | Moore & Van Allen |
| Auditor: | Dixon, Odom & Co. |
| Registrar/Transfer Agent: | Registrar and Transfer Company, New Jersey |
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 | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $1.62 | $1.32 | $1.20 | Assets: | $24.23 |
| Net Income: | $0.11 | $0.08 | $0.07 | Curr Assets: | |
| EPS: | Liabilities: | $19.84 | |||
| Prior EPS: | Curr Liabilities: | $19.70 | |||
| Cash Flow/Oper: | $0.08 | Equity: | $4.39 | ||
| Cash Flow/Fin: | $2.48 | Cash: | |||
| Cash Flow/Inv: | -$2.35 | ||||
| Business Description |
| The company is a bank holding company for the Landis Savings Bank, SSB. The savings bank operates as a traditional savings institution, emphasizing the origination of loans secured by one-to-four family residences. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to purchase all the common shares of the savings bank and for general corporate purposes. |