| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Massachusetts Fincorp, Inc. |
| 1442 Dorchester Avenue, Boston, MA 02122 * (617) 825-5555 |
| The company is a bank holding company for the Massachusetts Co-operative Bank. |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| NASSCM: | MAFN | Financial: | SIC 6036 | |
| Type of Shares: | Common Shares | Filing Date: | 7/30/98 | |
| U.S. Shares: | 784,904 | Offer Date: | 12/28/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 784,904 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $7,849,040 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Post-IPO Shares: | - | |||
| Employees: | 38 |
| Issuer's Law Firm: | Muldoon, Murphy & Faucette |
| Bank's Law Firm: | Vorys Sater Seymour Pease |
| Auditor: | Wolf & Company P.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| 5 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 5/31/98 | 5/31/97 | 5/31/98 | ||
| Revenue: | $4.34 | $2.08 | $1.75 | Assets: | $63.20 |
| Net Income: | $0.37 | $0.11 | $0.14 | Curr Assets: | |
| EPS: | Liabilities: | $58.10 | |||
| Prior EPS: | Curr Liab: | $54.10 | |||
| Cash Flow/Oper: | -$1.62 | -$0.58 | -$0.22 | Equity: | $5.10 |
| Cash Flow/Fin: | $3.54 | $1.44 | $7.32 | Cash: | $5.71 |
| Cash Flow/Inv: | -$3.04 | -$1.02 | |||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to purchase all of the outstanding common stock of the bank. |