Website: N/A
Stock Symbol: NASDAQ: OLCB
Market Value: N/A (in millions)
Ohio Legacy Corp (Ohio Legacy) is a bank holding company incorporated in
July 1999 under the laws of the State of Ohio. Ohio Legacy has one wholly-owned
subsidiary, Ohio Legacy Bank, N.A (Bank). Hereafter, unless otherwise noted, the
“Company,” “us,” “we,” and “our” refer to Ohio Legacy, together with the Bank.
Ohio Legacy was incorporated on October 2, 2000 and the bank opened for business
on October 3, 2000.
On December 18, 2002, Ohio Legacy issued 1,000,000 common shares (2002 Offering)
at a price of $8.50 per share in a public offering. Proceeds from the 2002
Offering were $7,555,755, net of offering costs of $944,245. In conjunction with
the 2002 Offering, Ohio Legacy listed its common shares on the NASDAQ SmallCap
Market under the ticker “OLCB.” In December 2002, Ohio Legacy contributed
$4,080,000 of the proceeds of the 2002 Offering to the Bank as a capital
contribution to provide additional lending capacity for the Bank.