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CORRECTING and REPLACING Bankipo.com Client, Bluegrass Community Bank IO, Announces Offering.


Business Editors

CORRECTION...by Bluegrass bluegrass, any species of the large and widely distributed genus Poa, chiefly range and pasture grasses of economic importance in temperate and cool regions. In general, bluegrasses are perennial with fine-leaved foliage that is bluish green in some species.  Community Bank IO

GEORGETOWN Georgetown, city, Guyana
Georgetown, city (1985 est. pop. 75,000), capital and largest city of Guyana, on the Atlantic Ocean at the mouth of the Demerara River.
, Ky.--(BUSINESS WIRE)--March 23, 2004

In BW6086 issued March 22, 2004: In the contact information, the phone number for Ben New should read: 502-570-4009 (sted 502-507-4009).

The corrected release reads:

BANKIPO.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page.  CLIENT, BLUEGRASS COMMUNITY BANK IO, ANNOUNCES OFFERING

Bluegrass Community Bank (In Organization) announced today that they have raised approximately $2.7 million of their $8 - $10 million required equity capital through the sale of the Bank's stock. The Bank, whose 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.
 was approved by the Kentucky Kentucky, state, United States
Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R.
 Department of Financial Institutions (KDFI) in December December: see month.  of 2003, is on track to raise the full amount by the end of the second quarter for an opening date shortly thereafter.

Bluegrass Community Bank (IO) will be a community-owned and operated, full-service bank, providing the Georgetown and Scott County Scott County is the name of eleven counties in the United States of America:
  • Scott County, Arkansas
  • Scott County, Illinois
  • Scott County, Indiana
  • Scott County, Iowa
  • Scott County, Kansas
  • Scott County, Kentucky
  • Scott County, Minnesota
 markets with a full range of banking products and services designed to meet the particular needs of individual segments of the community. Bank management intends to offer traditional deposit and loan products to the entire community, including low to moderate-income borrowers, moderate-sized businesses and developers, farmers, consumers, students and community and economic development projects, by developing a well-balanced loan portfolio.

"We intend to restore a high level of personal service to their customers, delivered by a friendly, well-equipped staff at a fair price," said Ben New, Founder President and Chairman of Bluegrass Community Bank (IO). "By offering customers access to management who reside in the area, and employing a qualified staff, the Bank will establish itself as a true community bank with a strong commitment to product delivery and customer service."

Bluegrass Community Bank (IO) will open a temporary office in Georgetown on Cherry Blossom Way, with the intent to lease a permanent facility on that site within one year. The Bank intends to firmly establish itself in Central Kentucky Central Kentucky is sometimes considered the Central and Southern part of the Bluegrass region, the Far Upper Western Eastern Mountain Coal Fields, and the Far Upper Eastern Pennyroyal regions. Its major cities include Lexington and Frankfort.  as a community-owned and operated full-service bank, providing traditional products and services typically offered by commercial banks, including credit services and commercial loans for business investment, development and expansion, and agricultural loans, which are often overlooked by larger institutions. Bluegrass Community Bank (IO) anticipates opening in the late third quarter.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 23, 2004
Words:357
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