| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| CNY Financial Corporation |
| 1 North Main Street, Cortland, NY 13045 * (607) 756-5643 |
| The company is a S&L; holding company for the Cortland Savings Bank. The bank obtains deposits from local depositors and invests those deposits and other funds principally in loans secured by property located in Cortland County, New York. |
| Manager | Tier | Phone |
| CIBC Oppenheimer & Company | Lead Manager | (212) 667-7400 |
| Trident Securities, Inc. | Co-manager | (919) 781-8900 |
| NASNTL: | CNYF | Financial: | SIC 6035 | |
| Type of Shares: | Common Shares | Filing Date: | 6/19/98 | |
| U.S. Shares: | 5,252,000 | Offer Date: | 10/6/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 5,252,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.35 | |
| Offering Amount: | $52,520,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Post-IPO Shares: | - | |||
| Employees: | 95 |
| Issuer's Law Firm: | Serchuk & Zelemyer |
| Bank's Law Firm: | Thacher Proffitt & Wood |
| Registrar/Transfer Agent: | Registrar and Transfer Company, New Jersey |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $18.56 | $4.56 | $4.64 | Assets: | $232.39 |
| Net Income: | $0.07 | $0.49 | $0.41 | Curr Assets: | |
| EPS: | Liabilities: | $200.99 | |||
| Prior EPS: | Curr Liab: | $198.23 | |||
| Cash Flow/Oper: | $3.12 | $4.22 | $0.77 | Equity: | $31.39 |
| Cash Flow/Fin: | -$4.91 | -$2.16 | -$2.33 | Cash: | $9.81 |
| Cash Flow/Inv: | -$2.66 | -$0.33 | |||
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |