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American Financial Holdings, Inc.
102 West Main Street, New Britain, CT 06051 * (860) 832-4000
Business Description The company is a savings and loan holding company for the American Savings Bank. The bank is a community bank dedicated to serving the financial service needs of consumers within its primary market area.
Offering
Information

Company has
gone public

Trading As  AMFH (NASNTL) Industry  Savings Bank (SIC 6036)
Type of Stock Offered  Common Shares Filing Date  8/4/99
Domestic Shares Offered  26,733,000 Offer Date  11/30/99
Foreign Shares Offered  0 Filing Price  $10.00
Company Shares  26,733,000 Offer Price  $10.00
Selling Shrhldrs Shares  0 Gross Spread  - -
Gross Proceeds  $267,330,000 Selling  - -
Expenses  - - Reallowance  - -
Post-IPO Shares  - - Employees  - -
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 5 Months Ending
Figures in U.S. millions except per share data     12/31/96 12/31/97 12/31/98 5/31/98 5/31/99
Revenues   - - - - - - -
Income from Oper.   - - - - - - -
Net Income   - - 15.730 18.260 18.015 9.016 7.899
E.P.S   - - - - - - -
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - 16.08 -1.34   -12.39
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     0.67 0.31 -3.98
Cash Flow - Inv.     -72.04 -27.55 -12.49
Cash Flow - Fin.     87.12 24.81 15.02
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 5/31/99 Financial Ratios
Total Assets    1,609.71 Current Assets    - Current Ratio    -
Total Liab.    1,323.68 Current Liab.    1,151.65 Debt Ratio    82.23%
Total Equity    286.03 Working Cap.    - Debt to Equity Ratio    4.63
Cash    22.76    Return on Assets   0.49%
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Muldoon, Murphy & Faucette
Bank's Law Firm  Tyler Cooper & Alcorn, LLP
Auditor  KPMG LLC
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Last updated: 12/5/99 11:47:50 AM
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