IPO Company Profile
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Liberty Bancorp, Inc.
1410 St. Georges Avenue, Avenel, NJ 07001 * (732) 499-7200

The company is a Savings and Loan holding company for Axia Federal Savings Bank. The bank is a federal mutual savings bank that conducts its business from three branch locations in Union and Middlesex Counties, New Jersey.

Primary Underwriting Group
ManagerTierPhone
Ryan, Beck & Co.Lead Manager (201) 325-3000

Offering Information
NASNTL:LIBB Financial: SIC 6712
Type of Shares:Common Shares Filing Date:3/16/98
U.S. Shares:1,834,000 Offer Date:7/1/98
Non-U.S. Shares:0 Filing Price:$10.00
Primary Shares:1,834,000 Offer Price:$10.00
Secondary Shares:0 Gross Spread:
Offering Amount: $18,340,000 Selling:
Expenses: - Reallowance:
Post-IPO Shares: -
Employees:43

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Luse Lehman Gorman Pomerenk & Schick
Bank's Law Firm: McCarter & English
Registrar/Transfer Agent: ChaseMellon Shareholder Services, L.L.C.
Auditor: Radics & Co., LLC

Selected Financial Data

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:$15.62Assets:$217.44
Net Income:$1.55Curr Assets:
EPS:Liabilities:$200.90
Prior EPS:Curr Liab:$198.36
Cash Flow/Oper:$2.35Equity:$16.54
Cash Flow/Fin:$13.83Cash:
Cash Flow/Inv:-$16.03

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.

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