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Partners Trust Financial Group, Inc.
233 Genesee Street, Utica, NY 13501 * (315) 738-4750
Business Description The company is a savings and loan holding company for The Savings Bank of Utica, a federally chartered mutual savings bank, headquartered in Utica, New York. The bank a community and customer oriented savings bank operating nine full-service branch offices in the New York counties of Oneida, Herkimer and Onondaga.
Filing
Information

Not yet
public

To Trade As  - - (NASNTL) Industry  Financial (SIC 6712)
Type of Stock Offered Common Shares Filing Date  12/19/2001
Domestic Shares Filed 5,045,625 Filing Price  $10.00
Foreign Shares Filed  0 Offering Amount  $50,456,250
Company Shares  5,045,625 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
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 9 Months Ending
Figures in U.S. millions except per share data     12/31/1998 12/31/1999 12/31/2000 9/30/2000 9/30/2001
Revenues   - - 68.807 66.883 71.261 53.010 52.292
Income from Oper.   - - - - - - -
Net Income   - - 0.696 6.126 5.411 4.774 4.821
E.P.S   - - - - - - -
Revenue Growth (%)      - - -2.80 6.546   -1.35
Net Income Growth (%)      - - 780.17 -11.67   0.98
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - 1.01 9.16 7.59 9.22 9.01
Cash Flow - Oper.     7.01 2.70 7.16
Cash Flow - Inv.     -56.13 -50.18 45.36
Cash Flow - Fin.     36.21 33.20 -39.60
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 9/30/2001 Financial Ratios
Total Assets    985.73 Current Assets    - Current Ratio    -
Total Liab.    886.58 Current Liab.    609.76 Debt Ratio    89.94%
Total Equity    99.15 Working Cap.    - Debt to Equity Ratio    8.94
Cash    29.87    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  Luse Lehman Gorman Pomerenk & Schick
Bank's Law Firm  Malizia, Spidi, Sloane & Fisch
Auditor  KPMG LLC
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Last updated: 12/30/2001 7:02:00 PM
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