| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Dearborn Bancorp, Inc. |
| 22290 Michigan Avenue, Dearborn, MI 48123 * (313) 274-1000 |
| The company is a bank holding company owning all of the common stock of Community Bank of Dearborn, a Michigan banking corporation. |
| Manager | Tier | Phone |
| Roney & Co. | Lead Manager | (313) 225-5741 |
| NASSCM: | DEAR | Financial: | SIC 6712 | |
| Type of Shares: | Common Shares | Filing Date: | 3/3/98 | |
| U.S. Shares: | 1,200,000 | Offer Date: | 4/8/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $14.00 | |
| Primary Shares: | 1,200,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $16,200,000 | Selling: | $0.51 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 2,044,924 | |||
| Employees: | 31 |
| Issuer's Law Firm: | Dickinson, Wright, Moon, Van Dusen & Freeman |
| Bank's Law Firm: | Honigman, Miller, Schwartz & Cohn |
| Auditor: | Grant Thornton |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $5.72 | Assets: | $86.65 | ||
| Net Income: | $0.61 | Curr Assets: | |||
| EPS: | Liabilities: | $77.90 | |||
| Prior EPS: | Curr Liab: | $75.40 | |||
| Cash Flow/Oper: | $0.40 | Equity: | $8.75 | ||
| Cash Flow/Fin: | $29.42 | Cash: | $1.41 | ||
| Cash Flow/Inv: | -$35.58 | ||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes and to provide additional capital to the bank. |