Enfield Savings Bank, SSB to proceed with stock sale.ENFIELD, N.C.--(BUSINESS WIRE)--May 23, 1995--Mr. Watson N. Sherrod, President of Enfield Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , SSB SSB Statistisk Sentralbyrå (Statistics Norway) SSB Super Smash Bros (video game) SSB Space Studies Board SSB Single Side Band SSB Single Stranded DNA-Binding Protein SSB Salomon Smith Barney , Enfield, North Carolina Enfield is a town in Halifax County founded in 1740 and it is a predominantly African American town. North Carolina The population was 2,347 at the 2000 census. Geography Enfield is located at (36.179843, -77. , announced that Enfield Savings Bank, SSB has received approval from the Administrator of the North Carolina Savings Institutions Division, Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. to proceed with its plan to convert from a North Carolina-chartered mutual savings bank Mutual savings bank A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees. to a North Carolina-chartered stock savings bank, subject to approval of the plan by its members. Under the plan of conversion, ESB (Enterprise Services Bus) A message broker that supports Web services. See message broker, messaging middleware and Web services. Bancorp, Inc., Enfield Savings' proposed holding company is offering up to 345,000 shares of common stock at $10.00 per share. Certain of Enfield Savings' depositors and borrowers will have the first opportunity to purchase stock through a subscription offering that closes on June 22, 1995. A Prospectus and Proxy Statement describing the plan of conversion and stock offering was mailed to certain members of the Savings Bank on May 19, 1995. Shares that are not subscribed for during the Subscription Offering, if any, will be offered to the general public residing in Halifax County, North Carolina Halifax County is a county located in the U.S. state of North Carolina. As of 2000, the population was 57,370. Its county seat is Halifax6. History The county was formed in 1758 from Edgecombe County. , or any other county in North Carolina which shares a border with Halifax County, in a concurrent Community Offering. If shares remain available at the completion of such offerings, then the Community Offering may be extended and expanded to include other members of the general public with preference given to persons located in North Carolina. The offerings are being managed by Trident Securities, Inc. of Raleigh, North Carolina. Watson N. Sherrod stated "Enfield Savings Bank remains committed to its local market as a hometown community financial institution with even stronger financial resources." Enfield Savings Bank, SSB is located in Enfield, North Carolina. The Savings Bank was founded in 1912. At December 31, 1994, the Savings Bank had total assets of $27.9 million and retained earnings of $2.8 million. Customers or interested members of the community with questions concerning the stock offering should call the Stock Information Center at (919) 445-2230, or visit an Enfield Savings Bank office. CONTACT: Enfield Savings Bank, SSB, Enfield Watson N. Sherrod, 919/445-2016 |
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