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Ticker:PEDE
Company Name: Great Pee Dee Bancorp, Inc.

Business Overview from 10-K filing for Great Pee Dee Bancorp, Inc.:

Great Pee Dee Bancorp, Inc. (the “Company”) was organized in September, 1997 at the direction of the Board of Directors of Sentry Bank & Trust, formerly First Federal Savings and Loan Association of Cheraw (the “Bank”), for the purpose of acquiring all of the capital stock to be issued by the Bank in the conversion of the Bank from the mutual to the stock form of organization (the “Conversion”). The Company received approval from the Office of Thrift Supervision (“OTS”) to become a savings and loan holding company and as such is subject to regulation by the OTS. The Conversion was completed as of December 31, 1997, the Company issued 2,182,125 shares of Common Stock, and received all of the proceeds of the offering, or $21.8 million ($10.6 million of the proceeds was transferred to the Bank in exchange for the capital stock of the Bank). In connection with the Conversion, the Company loaned approximately $1,745,700 to the Great Pee Dee Bancorp, Inc.     

View the full PEDE chart at Wikinvest

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