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Woronoco Bancorp, Inc.
31 Court Street, Westfield, MA 01085 * (413) 568-9141
Business Description The company is a bank holding company for the Woronoco Savings Bank .
Offering
Information

Company has
gone public

Trading As  WRO (AMEX) Industry  Savings Bank (SIC 6036)
Type of Stock Offered  Common Shares Filing Date  11/13/1998
Domestic Shares Offered  5,554,500 Offer Date  03/19/1999
Foreign Shares Offered  0 Filing Price  $10.00
Company Shares  5,554,500 Offer Price  $10.00
Selling Shrhldrs Shares  0 Gross Spread  - -
Gross Proceeds  $55,545,000 Selling  - -
Expenses  - - Reallowance  - -
Post-IPO Shares  - - Employees  110
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Sandler O'Neill & Partners. L.P. Lead Manager (212) 466-7737
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 8 Months Ending
Figures in U.S. millions except per share data 12/31/1993 12/31/1994 12/31/1995 12/31/1996 12/31/1997 08/31/1997 08/31/1998
Revenues   17.614 17.929 21.461 23.630 26.982 17.922 19.198
Income from Oper.   - - - - - - -
Net Income   3.586 2.192 2.335 2.474 3.018 2.101 2.309
E.P.S   - - - - - - -
Revenue Growth (%)      1.79 19.70 10.11 14.185   7.12
Net Income Growth (%)      -38.87 6.52 5.95 21.99   9.90
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    20.36 12.23 10.88 10.47 11.19 12.03 11.72
Cash Flow - Oper.     2.81 2.15 1.57
Cash Flow - Inv.     -21.71 -13.55 -24.47
Cash Flow - Fin.     20.11 19.77 24.14
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 08/31/1998 Financial Ratios
Total Assets    366.22 Current Assets    - Current Ratio    -
Total Liab.    332.84 Current Liab.    - Debt Ratio    90.89%
Total Equity    33.38 Working Cap.    - Debt to Equity Ratio    9.97
Cash    11.02    Return on Assets   0.63%
Use Of
Proceeds
The proceeds from the proposed offering will be usedto purchase all of the outstanding common stock issued in the conversion.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Muldoon, Murphy & Faucette
Bank's Law Firm  Silver, Freedman & Taff
Auditor  Wolf & Company P.C.
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Last updated: 09/29/1999 3:52:43 AM
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