| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Community Trust Financial Services Corporation |
| 3844 Atlanta Highway, Hiram, GA 30141 * (770) 445-1014 |
| The company is a newly formed Georgia chartered commercial bank. The primary activity of the bank is to attract deposits from the general public and originate real estate loans, consumer loans, business loans and residential and commercial loans. |
| Manager | Tier | Phone |
| Knox Wall Securities | Lead Manager |
| Employees: | 52 | Financial: | SIC 6035 | |
| Type of Shares: | Common Shares | Filing Date: | 4/6/98 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $5,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: |
| Issuer's Law Firm: | Rowe, Foltz & Martin, P.C. |
| Bank's Law Firm: | Troutman Sanders LLP, of Atlanta, Georgia |
| Registrar/Transfer Agent: | Reliance Trust Company |
| Auditor: | Porter, Keadle Moore, LLP |
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: | $7.63 | Assets: | $91.90 | ||
| Net Income: | $1.04 | Curr Assets: | |||
| EPS: | $1.24 | Liabilities: | $84.03 | ||
| Prior EPS: | $1.26 | Curr Liab: | |||
| Cash Flow/Oper: | $1.22 | Equity: | $7.87 | ||
| Cash Flow/Fin: | $5.69 | Cash: | $4.02 | ||
| Cash Flow/Inv: | -$8.41 | ||||
| Competition |
| The banking industry is highly competitive. In the conduct of certain aspects of its banking business, the Bank encounters strong competition from other commercial banks, savings institutions, credit unions, mortgage banking firms, consumer finance companies, securities brokerage firms, insurance companies, money market mutual funds and other financial institutions. Many of these competitors have substantially greater resources and lending limits than the Bank and offer certain services, such as extensive and established branch networks, trust services and international banking services, that the Bank does not provide. |
| Business Plan |
| The Company's objective is to establish itself as the major independent financial institution in Paulding County, Georgia and to expand its operations into those counties contiguous to Paulding County. Further, the Company desires to be the preferred provider of a wide range of financial services in those markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, contributions to the capital of the bank and general corporate purposes. |