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| Sun Community Bancorp Limited |
| 2777 East Camelback Road, Suite 101, Phoenix, AZ 85016 * (602) 955-6100 |
| Business Description | The company is a bank holding company. The company operates the following subsidiaries: Bank of Tucson, Valley First Community Bank, Camelback Community Bank, Southern Arizona Community Bank, Mesa Bank and Sunrise Bank of Arizona. |
| Offering Information Company has | |||
| Trading As | SCBL (NASNTL) | Industry | Financial (SIC 6022) |
| Type of Stock Offered | Common Shares | Filing Date | 04/21/1999 |
| Domestic Shares Offered | 1,650,000 | Offer Date | 07/01/1999 |
| Foreign Shares Offered | 0 | Filing Range | $15.00 - $17.00 |
| Company Shares | 1,650,000 | Offer Price | $16.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.120 |
| Gross Proceeds | $26,400,000 | Selling | $0.640 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 5,728,900 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Everen Securities, Inc. | Lead Manager | (312) 574-6859 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | 03/31/1998 | 03/31/1999 | ||
| Revenues | - | - | 0.241 | 2.082 | 5.398 | 0.999 | 2.208 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | -0.164 | -0.072 | 0.057 | 0.117 | -0.562 |
| E.P.S | - | - | -0.140 | -0.050 | 0.020 | 0.040 | -0.050 |
| Revenue Growth (%) | - | - | 763.90 | 159.270 | 121.02 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | 1.06 | - | 11.71 |
| Cash Flow - Oper. | -1.64 | - | - | ||||
| Cash Flow - Inv. | -20.05 | - | - | ||||
| Cash Flow - Fin. | 24.26 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 159.12 | Current Assets | - | Current Ratio | - |
| Total Liab. | 132.99 | Current Liab. | 122.61 | Debt Ratio | 83.58% |
| Total Equity | 26.13 | Working Cap. | - | Debt to Equity Ratio | 5.09 |
| Cash | 50.93 | Return on Assets | 0.04% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for investment in future bank subsidiaries and future bank holding company subsidiaries, to supplement the capital of existing bank subsidiaries or for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Snell & Wilmer |
| Bank's Law Firm | Vedder Price Kaufman & Kammholz |
| Auditor | BDO Seidman |
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