| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Gaston Federal Bancorp, Inc. |
| 245 West Main Avenue, P.O. Box 2249, Gastonia, NC 28053 * (704) 868-5200 |
| The company is a bank holding company for Gaston Federal Bank. |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| NASNTL: | GBNK | Financial: | SIC 6712 | |
| Type of Shares: | Common Shares | Filing Date: | 12/22/97 | |
| U.S. Shares: | 2,113,355 | Offer Date: | 4/13/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 2,113,355 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.00 | |
| Offering Amount: | $21,133,550 | Selling: | $0.00 | |
| Expenses: | $0 | Reallowance: | $0.00 | |
| Post-IPO Shares: | - |
| Issuer's Law Firm: | Luse Lehman Gorman Pomerenk & Schick |
| Bank's Law Firm: | Womble Carlyle Sandridge & Rice |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
| Auditor: | Cherry, Bekaert & Holland |
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: | $13.45 | Assets: | $173.47 | ||
| Net Income: | $1.43 | Curr Assets: | |||
| EPS: | Liabilities: | $152.60 | |||
| Prior EPS: | Curr Liab: | $145.44 | |||
| Cash Flow/Oper: | $1.88 | Equity: | $20.87 | ||
| Cash Flow/Fin: | -$0.53 | Cash: | $4.63 | ||
| Cash Flow/Inv: | $1.12 | ||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |