| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| GLB Bancorp, Inc. |
| 7001 Center Street, Mentor, OH 44060 * (440) 974-4000 |
| The company is a one bank holding company that owns all of the outstanding common stock of Great Lakes Bank. The bank provides a focused core of banking services, primarily for individuals and small to medium sized businesses. |
| Manager | Tier | Phone |
| Roney & Co. | Lead Manager | (313) 225-5741 |
| NASSCM: | GLBK | Financial: | SIC 6035 | |
| Type of Shares: | Common Shares | Filing Date: | 3/20/98 | |
| U.S. Shares: | 1,300,000 | Offer Date: | 5/18/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,300,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $15,600,000 | Selling: | $0.52 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | 1,739,306 | |||
| Employees: | 42 |
| Issuer's Law Firm: | Grady & Associates |
| Bank's Law Firm: | Benesch Friedlander Coplan & Aronoff |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $4.93 | Assets: | $66.63 | ||
| Net Income: | $0.34 | Curr Assets: | |||
| EPS: | $0.58 | Liabilities: | $60.20 | ||
| Prior EPS: | $0.39 | Curr Liab: | $52.01 | ||
| Cash Flow/Oper: | $0.34 | Equity: | $6.43 | ||
| Cash Flow/Fin: | $12.30 | Cash: | $7.83 | ||
| Cash Flow/Inv: | -$15.14 | ||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to further strengthen the capital position of the company and support expansion of the company's business, including selective acquisitions of community banks or branches, if such opportunities arise and for general corporate purposes. |