Corporate Profile for Klamath First Bancorp Inc., dated Friday, Nov. 8, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex and many others. -0-
Published Date: Nov. 8, 1996
Company Name: Klamath First Bancorp Inc.
Address: 540 Main St.
Klamath Falls, Ore. 97601
Main Telephone
Number: 541/882-3444
Fax Number: 541/884-9933
Chief Executive
Officer: Gerald V. Brown
Chief Financial
Officer: Marshall J. Alexander
Investor Relations
Contact: Frank X. Hernandez
Email: Fxhern@aol.com
Trading Symbol: NASDAQ:KFBI
Industry: Savings and loan holding company
Company description: Klamath First Bancorp Inc. (KFBI) is a savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. holding company incorporated June 16, 1995, in Oregon and based in Klamath Falls. Its primary subsidiary, Klamath First Federal Savings & Loan Association (the association), was chartered as a federal savings association in 1934. On Sept. 20, 1995, the members of the association voted to approve a plan of conversion from a mutual association to a stock association. On Oct. 4, 1995, the conversion was completed and 12,233,125 shares (including 978,650 ESOP ESOP See: Employee Stock Ownership Plan ESOP See Employee Stock Ownership Plan (ESOP). shares) of common stock were sold for $10 per share in a subscription and community offering. The association is a community-oriented thrift institution Thrift institution An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. that offers traditional thrift loan and deposit products within its delineated market area. The association has seven full-service offices and one mortgage production office located in Klamath, Jackson and Deschutes counties in southern and central Oregon, some of the fastest growing areas of the state. Assets as of Sept. 30, 1996, were $672.0 million compared to $647.8 million on Sept. 30, 1995, a 3.7 percent, or $24.2 million increase. Net earnings for the year ended Sept. 30, 1996, of $6.1 million, or 56 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , represented an increase of 8.9 percent over the year ended Sept. 30, 1995. CONTACT: Klamath First Bancorp Inc. |
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