IPO Company Profile
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Grand Central Financial Corp.
601 Main Street, Wellsville, OH 43968 * (330) 532-1517

The company is a savings and loan holding company for the Central Federal Savings and Loan Association of Wellsville.

Primary Underwriting Group
ManagerTierPhone
Charles Webb & CompanyLead Manager (614) 766-8400

Offering Information
NASSCM:GCFC Financial: SIC 6035
Type of Shares:Common Shares Filing Date:9/23/98
U.S. Shares:1,939,000 Offer Date:12/30/98
Non-U.S. Shares:0 Filing Price:$10.00
Primary Shares:1,939,000 Offer Price:$10.00
Secondary Shares:0 Gross Spread:
Offering Amount: $19,390,000 Selling:
Expenses: - Reallowance:
Post-IPO Shares: -

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Muldoon, Murphy & Faucette

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
12/31/97 6/30/98 6/30/97 6/30/98
Revenue:$9.04$4.57$4.55Assets:$121.64
Net Income:$0.68$0.15$0.38Curr Assets:
EPS:Liabilities:$107.31
Prior EPS:Curr Liab:$78.91
Cash Flow/Oper:Equity:$14.33
Cash Flow/Fin:Cash:
Cash Flow/Inv:

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

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