| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Summit Bancorp, Inc. |
| 81 Main Street, Medway, MA 02053 * (508) 533-3100 |
| The company is a S&L; holding company for Summit Bancorp, Inc. The bank is a community oriented savings bank providing financial services to individuals, families and small business primarily in Norfolk County and the surrounding Boston area. |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Employees: | 50 | Financial: | SIC 6712 | |
| Type of Shares: | Common Shares | Filing Date: | 6/15/98 | |
| U.S. Shares Filed: | 1,190,250 | Filing Price: | $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $11,902,500 | |
| Primary Shares: | 1,190,250 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: |
| Issuer's Law Firm: | Luse Lehman Gorman Pomerenk & Schick |
| Bank's Law Firm: | Thacher Proffitt & Wood |
| Auditor: | Wolf & Company P.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 6/30/98 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $8.00 | $7.03 | $5.86 | Assets: | $131.20 |
| Net Income: | $1.08 | $0.95 | $0.81 | Curr Assets: | |
| EPS: | Liabilities: | $121.31 | |||
| Prior EPS: | Curr Liab: | $108.06 | |||
| Cash Flow/Oper: | -$0.07 | $0.77 | -$0.26 | Equity: | $9.89 |
| Cash Flow/Fin: | $13.93 | $25.06 | $9.75 | Cash: | $11.13 |
| Cash Flow/Inv: | -$11.83 | -$23.84 | |||
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |