| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Vail Banks, Inc. |
| 108 S. Frontage Road West, Suite 101, Vail, CO 81657 * (970) 476-2002 |
| The company is a bank holding company for WestStar Bank. |
| Manager | Tier | Phone |
| Hoefer & Arnett | Lead Manager | (415) 362-7160 |
| NASNTL: | VAIL | Financial: | SIC 6035 | |
| Type of Shares: | Common Shares | Filing Date: | 7/31/98 | |
| U.S. Shares: | 1,600,000 | Offer Date: | 12/10/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 1,600,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $24,000,000 | Selling: | ||
| Expenses: | $700,000 | Reallowance: | ||
| Post-IPO Shares: | 5,300,070 | |||
| Employees: | 179 |
| Issuer's Law Firm: | Kilpatrick Stockton LLP |
| Bank's Law Firm: | Bracewell & Patterson |
| Registrar/Transfer Agent: | American Securities Transfer and Trust |
| Auditor: | Fortner, Bayens, Levkulich & Co., P.C. |
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 | ||
| 12/31/97 | 6/30/98 | 6/30/97 | 6/30/98 | ||
| Revenue: | $15.30 | $10.90 | $7.09 | Assets: | $240.11 |
| Net Income: | $0.47 | $0.83 | $0.36 | Curr Assets: | |
| EPS: | $0.23 | $0.32 | $0.18 | Liabilities: | $220.88 |
| Prior EPS: | $0.21 | Curr Liab: | $216.57 | ||
| Cash Flow/Oper: | Equity: | $19.23 | |||
| Cash Flow/Fin: | Cash: | $16.52 | |||
| Cash Flow/Inv: | |||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the cash portion of the purchase price for the merger and to repay indebtedness to Barnett Bank and for general corporate purposes. |