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| Westfield Financial, Inc. |
| 141 Elm Street, Westfield, MA 01085 * (413) 568-1911 |
| Business Description | The company is a savings and loan holding company for the Westfield Bank. Westfield Bank has been a community-oriented provider of banking products and services to businesses and individuals, including traditional products such as residential and commercial real estate loans, consumer loans and a variety of deposit products. |
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Filing Information Not yet | |||
| To Trade As | WFD (AMEX) | Industry | Savings Bank (SIC 6035) |
| Type of Stock Offered | Common Shares | Filing Date | 8/28/2001 |
| Domestic Shares Filed | 4,972,000 | Filing Price | $10.00 |
| Foreign Shares Filed | 0 | Offering Amount | $49,720,000 |
| Company Shares | 4,972,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Keefe, Bruyette & Woods, Inc. | Lead Manager | (212) 323-8470 |
| 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 | 12/31/1999 | 12/31/2000 | 6/30/2000 | 6/30/2001 | ||
| Revenues | - | - | 40.784 | 41.850 | 46.718 | 22.544 | 24.277 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | 5.112 | 5.527 | 6.080 | 22.544 | 24.277 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 2.61 | 11.632 | 7.69 | ||
| Net Income Growth (%) | - | - | 8.12 | 10.01 | 7.69 | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 12.53 | 13.21 | 13.01 | 100.00 | 100.00 |
| Cash Flow - Oper. | 6.07 | 3.63 | 2.05 | ||||
| Cash Flow - Inv. | -49.11 | -28.94 | -21.81 | ||||
| Cash Flow - Fin. | 50.28 | 18.32 | 7.57 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/2001 | Financial Ratios | ||||
| Total Assets | 705.43 | Current Assets | - | Current Ratio | - |
| Total Liab. | 624.58 | Current Liab. | 612.16 | Debt Ratio | 88.54% |
| Total Equity | 80.85 | Working Cap. | - | Debt to Equity Ratio | 7.72 |
| Cash | 15.37 | Return on Assets | 3.44% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Thacher Proffitt & Wood |
| Bank's Law Firm | Muldoon, Murphy & Faucette |
| Auditor | Deloitte & Touche |
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