QualityStocks
8 years ago
SUGR: Stability and Security for More Than 100 Years
Choosing a reliable bank is an important decision. People often consider interest rates, total assets, and terms on accounts (checking, savings, loan, retirement, etc.) when considering their banking options. Another very important factor in the decision process is the bank’s reputation and how long they have been in business. Sugar Creek Financial Corporation (OTC: SUGR) is the holding company for Tempo Bank, which has been in business since 1889 and is located in Trenton, Illinois. Sugar Creek Financial is a subsidiary of Sugar Creek Mutual Holding Company.
Tempo Bank is Trenton’s oldest independent, locally operated and managed financial institution. Its directors, officers and employees live, work and are involved in the community. This means that all decisions are made locally, not hundreds of miles or states away. The bonus is that its customers receive personalized service and quicker responses to questions or requests from people that they know. From its humble beginnings to the present, Tempo Bank still believes that personal service is the major ingredient of its success.
The company offers the following types of accounts to individuals: checking accounts; savings accounts; IRA’s (with terms from 18 months to 60 months); and Certificates of Deposits (with terms from six months to 60 months). Insurance is always very important, so the company offers deposit insurance up to $250,000.
Working with a locally owned bank also has its perks. The company offers a suite of loan vehicles along with competitive interest rates and great customer service. Loan products include the following: consumer and auto loans; mortgage loans; home equity and improvement; and special programs (first time homebuyer’s program; home buyer pre-qualification, counseling and education assistance program; and affordable housing grant assistance program).
The company also offers eBanking; online bill pay; phone banking; a Shazam ATM card; and MasterMoney debit cards.
For more information, visit the company’s website at www.tempobank.com.
free_bee
11 years ago
Sugar Creek Financial Corp. Announces Adoption of Plan of Conversion and Reorganization
Business Wire Sugar Creek Financial Corp.
16 hours ago
TRENTON, Ill.--(BUSINESS WIRE)--
Sugar Creek Financial Corp. (the “Company”) (SUGR), the parent company for Tempo Bank (the “Bank”), announced today that its Board of Directors, together with the Boards of Directors of Sugar Creek MHC (the “MHC”) and the Bank, have unanimously adopted a Plan of Conversion and Reorganization (the “Plan of Conversion”).
Pursuant to the Plan of Conversion, the MHC will sell its majority ownership in the Company in a “second-step” stock offering. Simultaneously, the Company, which is currently in the mutual holding company structure, will reorganize to a fully public stock holding company.
As part of the conversion and reorganization, the Bank will become a wholly owned subsidiary of a new holding company, which will be named Sugar Creek Financial Corp. Upon completion of the conversion and reorganization, shares of common stock of the Company held by the MHC will be canceled and those shares held by persons other than the MHC will be converted into shares of common stock of the new holding company pursuant to an exchange ratio intended to preserve the percentage ownership interests of such persons. In the stock offering, depositors of the Bank with qualifying deposits as of September 30, 2012 will have first priority to purchase the shares of common stock of the new holding company.
The conversion and reorganization will be subject to approval of the Bank’s depositors and certain borrowers, the stockholders of the Company (including the approval of a majority of the shares held by persons other than the MHC), and the Board of Governors of the Federal Reserve System.
Information, including the details of the offering and business and financial information about the Company and the Bank, will be provided in proxy materials and a prospectus when the offering commences, which is expected to be during the first calendar quarter of 2014.
Sugar Creek Financial Corp. is the parent company of Tempo Bank, a federally chartered savings bank headquartered in Trenton, Illinois. The Bank operates two full-service banking offices in Trenton and Breese, Illinois. The Company’s majority stockholder is the MHC, a federally chartered mutual holding company. At September 30, 2013, the Company had consolidated total assets of $88.4 million, net loans of $73.5 million, total deposits of $72.6 million and total stockholders’ equity of $10.2 million.
This release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer is made only by the prospectus when accompanied by a stock order form. The shares of common stock of the new holding company are not savings accounts or savings deposits, may lose value, and are not insured by the Federal Deposit Insurance Corporation or any other government agency.
This press release contains certain forward-looking statements about the conversion and reorganization. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include delays in consummation of the Plan of Conversion and Reorganization, difficulties in selling the conversion stock or in selling the conversion stock within the expected time frame, increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company and Bank are engaged.
http://finance.yahoo.com/news/sugar-creek-financial-corp-announces-220000432.html
Contact:
Sugar Creek Financial Corp
Robert J. Stroh, Jr.
Chief Executive Officer and Chief Financial Officer
618-224-9228
free_bee
11 years ago
Sugar Creek Financial Corp. Announces Cash Dividend
Business Wire Sugar Creek Financial Corp.
August 13, 2013 6:00 PM
TRENTON, Ill.--(BUSINESS WIRE)--
The Board of Directors of Sugar Creek Financial Corp. (the “Company”) (SUGR) today announced that it has declared a cash dividend on the Company’s outstanding shares of common stock. The dividend of $0.10 per share will be paid on or about September 13, 2013 to stockholders of record as of the close of business on August 29, 2013.
Sugar Creek MHC, the Company’s mutual holding company parent, will not waive receipt of the dividend.
Sugar Creek Financial Corp. is the parent company of Tempo Bank. Tempo Bank is headquartered in Trenton, Illinois with one other full-service branch in Breese, Illinois. The Bank is a full service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses within its market area.
http://finance.yahoo.com/news/sugar-creek-financial-corp-announces-220000432.html
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Renee
1 year ago
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