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| New Commerce Bancorp |
| P.O. Box 129, Mauldin, SC 29662 * (864) 239-0616 |
| Business Description | The company is a South Carolina company formed in July 1998 to organize a new community bank to be located in Greenville County, South Carolina. |
|
Filing Information Not yet | |||
| To Trade As | - - (OTC) | Industry | Financial (SIC 6021) |
| Type of Stock Offered | Common Shares | Filing Date | 01/14/1999 |
| Domestic Shares Filed | 800,000 | Filing Price | $10.00 |
| Foreign Shares Filed | 0 | Offering Amount | $8,000,000 |
| Company Shares | 800,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| J.C. Bradford & Co. | Lead Manager | (615) 748-9347 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1998 | ||||||
| Revenues | - | - | - | - | - | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | -0.047 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | -0.19 | ||||
| Cash Flow - Inv. | - | - | -0.05 | ||||
| Cash Flow - Fin. | - | - | 2.00 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 1.95 | Current Assets | - | Current Ratio | - |
| Total Liab. | 0.00 | Current Liab. | - | Debt Ratio | - |
| Total Equity | 1.95 | Working Cap. | - | Debt to Equity Ratio | - |
| Cash | 1.76 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to capitalize the bank, to pay organizational expenses and expenses of this offering and to provide working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Nelson Mullins Riley & Scarbourough |
| Auditor | Elliot, Davis & Company, L.L.P. |
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