General

Delphos Citizens Bancorp, Inc. (the "Company") completed its initial public offering of 2,047,631 shares of common stock on November 20, 1996, in connection with the conversion of Citizens Federal Savings and Loan Association of Delphos, now known as Citizens Bank of Delphos (the "Bank"). The Company received $20,476,310 from this initial public offering before offering expenses of $672,482. The Company utilized $9,940,000 of the net proceeds of the initial public offering to acquire all of the issued and outstanding stock of the Bank. The Company, as a unitary savings and loan holding company, is subject to regulation by the Office of Thrift Supervision...