| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Southbanc Shares, Inc. |
| 907 N. Main Street, Anderson, SC 29621 * (864) 225-0241 |
| The company is a bank holding company for Perpetual Bank, a federal savings bank. |
| Manager | Tier | Phone |
| Sandler O'Neill & Partners. L.P. | Lead Manager | (212) 466-7737 |
| NASNTL: | SBAN | Financial: | SIC 6035 | |
| Type of Shares: | Common Shares | Filing Date: | 12/17/97 | |
| U.S. Shares: | 2,281,312 | Offer Date: | 4/15/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $20.00 | |
| Primary Shares: | 2,281,312 | Offer Price: | $20.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.00 | |
| Offering Amount: | $45,626,240 | Selling: | $0.00 | |
| Expenses: | $0 | Reallowance: | $0.00 | |
| Post-IPO Shares: | - |
| Issuer's Law Firm: | Breyer & Aguggia |
| Bank's Law Firm: | Muldoon, Murphy & Faucette |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 9/30/97 | 9/30/97 | ||||
| Revenue: | $20.25 | Assets: | $256.95 | ||
| Net Income: | $1.73 | Curr Assets: | |||
| EPS: | Liabilities: | $226.35 | |||
| Prior EPS: | Curr Liab: | $201.00 | |||
| Cash Flow/Oper: | $9.09 | Equity: | $30.60 | ||
| Cash Flow/Fin: | $38.67 | Cash: | $13.50 | ||
| Cash Flow/Inv: | -$47.82 | ||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to purchase all of the common shares of the banks. |