IPO Company Profile
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Farnswoth Bancorp, Inc.
789 Farnsworth Avenue, Bordentown, NJ 08505 * (609) 298-0723

The company is a S&L; holding company for the Peoples Savings Bank of Bordentown, NJ. The bank is a federal mutual savings bank that provides services to individuals, families and small businesses.

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

Offering Information
OTC:FNSW Financial: SIC 6035
Type of Shares:Common Shares Filing Date:6/12/98
U.S. Shares:380,000 Offer Date:9/30/98
Non-U.S. Shares:0 Filing Price:$10.00
Primary Shares:380,000 Offer Price:$10.00
Secondary Shares:0 Gross Spread:
Offering Amount: $3,800,000 Selling:
Expenses: - Reallowance:
Post-IPO Shares: -
Employees:14

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Malizia, Spidi, Sloane & Fisch
Bank's Law Firm: Luse Lehman Gorman Pomerenk & Schick
Auditor: General Auditor

Selected Financial Data

Dollar amounts in U.S. millions except for per share data
6 Month Ending Financials
Full Year
Audited
Income
Latest
Unaudited
Income
Prior
Audited
Income
Balance
Sheet
9/30/97 3/31/98 3/31/97 3/31/98
Revenue:$2.80$1.47$1.34Assets:$38.69
Net Income:$0.19$0.11$0.06Curr Assets:
EPS:Liabilities:$36.46
Prior EPS:Curr Liab:$36.09
Cash Flow/Oper:$0.17$0.13-$0.08Equity:$2.23
Cash Flow/Fin:$3.19$0.89$4.43Cash:$2.92
Cash Flow/Inv:-$2.20-$1.83

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

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