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| Cherokee Banking Company |
| P.O. Box 1314, Canton, GA 30114 * (770) 479-3400 |
| Business Description | The company is a savings and loan holding company for Cherokee Bank, a proposed national bank. The bank will operate as a full service commercial bank emphasizing prompt, personalized customer service to the individuals and businesses located in Cherokee County, Georgia. |
|
Filing Information Not yet | |||
| To Trade As | - - (OTC) | Industry | Financial (SIC 6021) |
| Type of Stock Offered | Common Shares | Filing Date | 02/01/1999 |
| Domestic Shares Filed | 1,000,000 | Filing Price | $10.00 |
| Foreign Shares Filed | 0 | Offering Amount | $10,000,000 |
| Company Shares | 1,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Non Underwritten Offering | Lead Manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 2 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1998 | ||||||
| Revenues | - | - | - | - | - | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | 0.040 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | -0.05 | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | 0.06 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 0.02 | Current Assets | - | Current Ratio | - |
| Total Liab. | 0.06 | Current Liab. | - | Debt Ratio | 306.18% |
| Total Equity | -0.04 | Working Cap. | - | Debt to Equity Ratio | - |
| Cash | 0.01 | Return on Assets | 206.24% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to capitalize Cherokee Bank, to pay organizational expenses, to construct Cherokee Bank's main office and to provide working capital for Cherokee Bank to be for business purposes, including making loans and other investments. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Powell, Goldstein, Frazer & Murphy |
| Auditor | Porter, Keadle Moore, LLP |
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