General

The Company, an Ohio corporation incorporated on February 25, 1997, is a bank holding company that owns all of the capital stock of the Western Reserve Bank, an Ohio state-chartered bank located in Medina, Ohio (the “Bank”). From the date of the Company’s inception through October 1998, the Company and the Bank conducted no business other than matters incidental to their organization and opening for business. On February 24, 1998, the Company commenced an initial public offering (the “Offering”) of up to 500,000 shares of its Common Stock pursuant to a Registration Statement on Form SB-2 filed with the Securities and...