Bank of Oak Ridge Opens Second Stock Offering.Business Editors OAK RIDGE Oak Ridge, city (1990 pop. 27,310), Anderson and Roane counties, E Tenn., on Black Oak Ridge and the Clinch River; founded by the U.S. government 1942, inc. as an independent city 1959. , N.C.--(BUSINESS WIRE)--Oct. 3, 2002 Bank of Oak Ridge has announced it is initiating a second stock offering to fund future growth of the Bank. The Bank reported positive net income from operations for the first and second quarters this year and has announced plans for opening a new permanent office in Oak Ridge and its first branch office in Summerfield Summerfield is the name of some places in the United States of America:
Bank of Oak Ridge stock is offered at a price of $13.00 per share, with a minimum purchase of 100 shares. Stock is now available exclusively to current shareholders through October October: see month. 11, 2002. After that date, the stock sale will be open to the general public on a first come, first served basis. The total number of new shares available is limited to 384,615. This offering is scheduled to close on November 30, 2002 or when all shares are sold, whichever comes first. "The banking needs of our customers continue to evolve," said Bank of Oak Ridge President Ron Black. "This second stock offering will allow us to expand and adapt to meet those needs." For more information personally visit Bank of Oak Ridge, contact the Bank at 336-643-0208 or send an email to, stock@bankofoakridge.com. Bank of Oak Ridge is a locally owned community bank and offers a complete line of banking services, including savings and checking accounts, mortgage and business loans, Saturday hours, same-day deposits, online banking, online bill payment and accounts designed specifically for seniors, small businesses and civic organizations. For more information, contact Bank of Oak Ridge at 336-644-9944, or visit www.bankofoakridge.com. Shares of Common Stock in Bank of Oak Ridge are equity securities and are not savings accounts Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: or deposits. Investment in the Bank's common stock is not insured or guaranteed by the FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). or any other government agency. Past performance is no guarantee of future results. This does not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy the common stock of the Bank. The offer is made only by the Offering Circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. . |
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