Attached files
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S-1/A - FORM S-1/A - CENTURY NEXT FINANCIAL Corp | g23775a1sv1za.htm |
EX-8.1 - EX-8.1 - CENTURY NEXT FINANCIAL Corp | g23775a1exv8w1.htm |
EX-5.0 - EX-5.0 - CENTURY NEXT FINANCIAL Corp | g23775a1exv5w0.htm |
EX-2.1 - EX-2.1 - CENTURY NEXT FINANCIAL Corp | g23775a1exv2w1.htm |
EX-1.1 - EX-1.1 - CENTURY NEXT FINANCIAL Corp | g23775a1exv1w1.htm |
EX-8.2 - EX-8.2 - CENTURY NEXT FINANCIAL Corp | g23775a1exv8w2.htm |
EX-23.2 - EX-23.2 - CENTURY NEXT FINANCIAL Corp | g23775a1exv23w2.htm |
EX-99.1 - EX-99.1 - CENTURY NEXT FINANCIAL Corp | g23775a1exv99w1.htm |
Exhibit
99.2
Dear Member:
The Board of
Directors of Bank of Ruston has voted unanimously in favor of a
plan of conversion whereby Bank of Ruston will convert from the
mutual form to the stock form of organization and become a
wholly owned subsidiary of Century Next Financial Corporation, a
company we recently formed. We are converting so that Bank of
Ruston will be structured in the form of ownership that we
believe will best support the Banks future growth.
The Proxy
Card
To accomplish the
conversion, your participation is extremely
important.
On behalf of the Board, I ask that you help us meet our goal by
reading the enclosed material and then casting your vote in
favor of the plan of conversion and mailing your signed proxy
card immediately in the enclosed postage-paid envelope marked
PROXY RETURN. If you have more than one account,
you may receive more than one proxy. Please vote by returning
all proxy cards received.
If the plan of
conversion is approved, let me assure you that:
| deposit accounts will continue to be federally insured to the maximum extent permitted by law; | |
| existing deposit accounts and loans will not undergo any change; and | |
| voting for approval will not obligate you to buy any shares of common stock. |
The Stock
Offering
As a qualifying
account holder, you may take advantage of your nontransferable
rights to subscribe for shares of Century Next Financial
Corporation common stock on a priority basis, before the stock
is offered to the general public. The enclosed prospectus
describes the stock offering and the operations of Bank of
Ruston and Century Next Financial Corporation.
If you wish to
subscribe for shares of common stock, please complete the
enclosed stock order form and return it to Century Next
Financial Corporation, together with your payment for the
shares, by mail using the enclosed envelope marked STOCK
ORDER RETURN, by hand delivery, or by overnight courier to
the Century Next Financial Corporation Conversion Center located
at Bank of Rustons branch office, 2109 Farmerville
Highway, Ruston, LA 71270. Your order must be physically
received (not postmarked) by Century Next Financial Corporation
no later than 5:00 p.m., Central time, on
day, ,
2010. Please read the prospectus carefully before making an
investment decision.
If you have any
questions after reading the enclosed material, please call our
Conversion Center at
(318) 232-1462,
Monday through Friday, between the hours of 10:00 a.m. and
4:00 p.m., Central time. Please note that the Conversion
Center will be closed from 12:00 noon Friday,
September 3rd,
through 12:00 noon Tuesday,
September 7th,
in observance of the Labor Day holiday.
Sincerely,
Benjamin L. Denny
President and Chief
Executive Officer
The shares of
common stock being offered are not savings accounts or deposits
and are not insured or guaranteed by Bank of Ruston, Century
Next Financial Corporation, the Federal Deposit Insurance
Corporation or any other government agency.
This is not an
offer to sell or a solicitation of an offer to buy common stock.
The offer is made only by the prospectus.
M
Dear Member:
The Board of
Directors of Bank of Ruston has voted unanimously in favor of a
plan of conversion whereby Bank of Ruston will convert from the
mutual form to the stock form of organization and become a
wholly owned subsidiary of Century Next Financial Corporation, a
company we recently formed. We are converting so that Bank of
Ruston will be structured in the form of ownership that we
believe will best support the Banks future growth.
To accomplish the
conversion, your participation is extremely
important. On
behalf of the Board, I ask that you help us meet our goal by
reading the enclosed material and then casting your vote in
favor of the plan of conversion and mailing your signed proxy
card immediately in the enclosed postage-paid envelope marked
PROXY RETURN. If you have more than one account,
you may receive more than one proxy. Please vote by returning
all proxy cards received.
If the plan of
conversion is approved let me assure you that:
| deposit accounts will continue to be federally insured to the maximum extent permitted by law; and | |
| existing deposit accounts and loans will not undergo any change. |
We regret that we
are unable to offer you common stock in the subscription
offering because the laws of your state or jurisdiction require
us to register (1) the to-be-issued common stock of Century
Next Financial Corporation or (2) an agent of Bank of
Ruston to solicit the sale of such stock, and the number of
eligible subscribers in your state or jurisdiction does not
justify the expense of such registration.
If you have any
questions after reading the enclosed material, please call our
Conversion Center at
(318) 232-1462,
Monday through Friday, between the hours of 10:00 a.m. and
4:00 p.m., Central time. Please note that the Conversion
Center will be closed from 12:00 noon Friday,
September 3rd,
through 12:00 noon Tuesday,
September 7th,
in observance of the Labor Day holiday.
Sincerely,
Benjamin L. Denny
President and Chief
Executive Officer
The shares of
common stock being offered are not savings accounts or deposits
and are not insured or guaranteed by Bank of Ruston, Century
Next Financial Corporation, the Federal Deposit Insurance
Corporation or any other government agency.
This is not an
offer to sell or a solicitation of an offer to buy common stock.
The offer is made only by the prospectus.
BS
Dear Friend of Bank
of Ruston:
The Board of
Directors of Bank of Ruston has voted unanimously in favor of a
plan of conversion whereby Bank of Ruston will convert from the
mutual form to the stock form of organization and become a
wholly owned subsidiary of Century Next Financial Corporation, a
company we recently formed. We are converting so that Bank of
Ruston will be structured in the form of ownership that we
believe will best support the Banks future growth.
As a former account
holder, you may take advantage of your nontransferable right to
subscribe for shares of Century Next Financial Corporation
common stock on a priority basis, before the stock is offered to
the general public. The enclosed prospectus describes the stock
offering and the operations of Bank of Ruston and Century Next
Financial Corporation.
If you wish to
subscribe for shares of common stock, please complete the
enclosed stock order form and return it to Century Next
Financial Corporation, together with your payment for the
shares, by mail using the enclosed envelope marked STOCK
ORDER RETURN, by hand delivery, or by overnight courier to
the Century Next Financial Corporation Conversion Center located
at Bank of Rustons branch office, 2109 Farmerville
Highway, Ruston, LA 71270. Your order must be physically
received (not postmarked) by Century Next Financial Corporation
no later than 5:00 p.m., Central time, on
day, ,
2010. Please read the prospectus carefully before making an
investment decision.
If you have any
questions after reading the enclosed material, please call our
Conversion Center at
(318) 232-1462,
Monday through Friday, between the hours of 10:00 a.m. and
4:00 p.m., Central time. Please note that the Conversion
Center will be closed from 12:00 noon Friday,
September 3rd,
through 12:00 noon Tuesday,
September 7th,
in observance of the Labor Day holiday.
Sincerely,
Benjamin L. Denny
President and Chief
Executive Officer
The shares of
common stock being offered are not savings accounts or deposits
and are not insured or guaranteed by Bank of Ruston, Century
Next Financial Corporation, the Federal Deposit Insurance
Corporation or any other government agency.
This is not an
offer to sell or a solicitation of an offer to buy common stock.
The offer is made only by the prospectus.
F
Dear Potential
Investor:
We are pleased to
provide you with the enclosed material in connection with the
stock offering by Century Next Financial Corporation, recently
formed to be the parent holding company of Bank of Ruston. We
are raising capital to support Bank of Rustons future
growth.
This information
packet includes the following:
PROSPECTUS: This
document provides detailed information about the operations of
Bank of Ruston and the proposed stock offering by Century Next
Financial Corporation. Please read it carefully before making
an investment decision.
STOCK ORDER
FORM: Use
this form to subscribe for shares of common stock and return it
to Century Next Financial Corporation, together with your
payment for the shares, by mail using the enclosed stock order
return envelope, by hand delivery, or by overnight courier to
the Century Next Financial Corporation Conversion Center located
at Bank of Rustons branch office, 2109 Farmerville
Highway, Ruston, LA 71270. Your order must be physically
received (not postmarked) by Century Next Financial Corporation
no later than 5:00 p.m., Central time, on
day, ,
2010. Please read the prospectus carefully before making an
investment decision.
We are pleased to
offer you this opportunity to become one of our shareholders. If
you have any questions regarding the stock offering or the
prospectus, please call our Conversion Center at
(318) 232-1462,
Monday through Friday, between the hours of 10:00 a.m. and
4:00 p.m., Central time. Please note that the Conversion
Center will be closed from 12:00 noon Friday,
September 3rd,
through 12:00 noon Tuesday,
September 7th,
in observance of the Labor Day holiday.
Sincerely,
Benjamin L. Denny
President and Chief
Executive Officer
The shares of
common stock being offered are not savings accounts or deposits
and are not insured or guaranteed by Bank of Ruston,
Century Next Financial Corporation, the Federal Deposit
Insurance Corporation or any other government agency.
This is not an
offer to sell or a solicitation of an offer to buy common stock.
The offer is made only by the prospectus.
I
Dear Customer of
Bank of Ruston:
At the request of
Bank of Ruston and its proposed new holding company, Century
Next Financial Corporation, we have enclosed material
regarding the offering of common stock of Century Next Financial
Corporation. The material is offered in connection with the
conversion of Bank of Ruston from the mutual to the stock form
of organization. These materials include a prospectus and a
stock order form, which offer you the opportunity to subscribe
for shares of common stock of Century Next Financial
Corporation.
Please read the
prospectus carefully before making an investment
decision.
If you decide to subscribe for shares, you must return the
properly completed and signed stock order form, along with full
payment for the shares, to Century Next Financial Corporation,
by mail using the enclosed stock order return envelope, by hand
delivery, or by overnight courier to the Century Next Financial
Corporation Conversion Center located at Bank of Rustons
branch office, 2109 Farmerville Highway, Ruston, LA 71270.
Your order must be physically received (not postmarked) by
Century Next Financial Corporation no later than 5:00 p.m.,
Central time, on day,
, 2010. Please note that the Conversion
Center will be closed from 12:00 noon Friday,
September 3rd,
through 12:00 noon Tuesday,
September 7th,
in observance of the Labor Day holiday.
If you have any
questions after reading the enclosed material, please call the
Conversion Center at
(318) 232-1462,
Monday through Friday, between the hours of 10:00 a.m. and
4:00 p.m., Central time, and ask for a Sandler ONeill
representative.
We have been asked
to forward these documents to you in view of certain
requirements of the securities laws of your jurisdiction. We
should not be understood as recommending or soliciting in any
way any action by you with regard to the enclosed material.
Sandler
ONeill & Partners, L.P.
The shares of
common stock being offered are not savings accounts or deposits
and are not insured or guaranteed by Bank of Ruston, Century
Next Financial Corporation, the Federal Deposit Insurance
Corporation or any other government agency.
This is not an
offer to sell or a solicitation of an offer to buy common stock.
The offer is made only by the prospectus.
B
Questions &
Answers
About
the Conversion
The Board of
Directors of Bank of Ruston has voted unanimously in favor of a
plan of conversion whereby Bank of Ruston will convert from the
mutual to the stock form of organization, subject to the
affirmative vote of a majority of the total number of
outstanding votes entitled to be cast by the members of Bank of
Ruston at a special meeting of members. In connection with the
conversion, Bank of Rustons new holding company, Century
Next Financial Corporation, is offering shares of its common
stock for sale in an initial public offering.
Your vote is very
important.
If you have more than one account, you may receive more than one
proxy. Please vote today by returning all proxy cards
received.
Your Board of
Directors urges you to vote FOR the conversion and
return your proxy today.
Effect on
Deposits and Loans
Q. | Will the conversion affect any of my deposit accounts or loans? |
A. | No. The conversion will have no effect on the balance or terms of any deposit account. Your deposits will continue to be federally insured to the fullest extent permissible. The terms, including interest rates, of your loans with us will also be unaffected by the conversion. |
About
Voting
Q. | Who is eligible to vote on the conversion? |
A. | Depositors of Bank of Ruston as of the close of business on , 2010 (the Voting Record Date) are eligible to vote at the special meeting of members. |
Q. | How do I vote? |
A. | You may vote by mailing your signed proxy card(s) in the enclosed postage-paid envelope marked PROXY RETURN. Should you choose to attend the special meeting of members to be held on , 2010, and decide to change your vote, you may do so by revoking any previously executed proxy. |
Q. | Am I required to vote? |
A. | No. Depositors are not required to vote. However, because the conversion will produce a fundamental change in the Banks corporate structure, the Board of Directors encourages all members to vote. |
Q. | Why did I receive several proxies? |
A. | If you have more than one account, you may have received more than one proxy, depending upon the ownership structure of your accounts. Please vote, sign, date, and return all proxy cards that you received. |
Q. | Does my vote for the conversion mean that I must buy common stock of Century Next Financial Corporation? |
A. | No. Voting for the plan of conversion does not obligate you to buy shares of common stock of Century Next Financial Corporation. |
Q. | Are two signatures required on the proxy card for a joint account? |
A. | Only one signature is required on a proxy card for a joint account. |
Q. | Who must sign proxies for trust or custodian accounts? |
A. | The trustee or custodian must sign proxies for such accounts, not the beneficiary. |
Q. | I am the executor (administrator) for a deceased depositor. Can I sign the proxy card? |
A. | Yes. Please indicate on the card the capacity in which you are signing. |
About The Common
Stock
Investment in
common stock involves certain risks. For a discussion
of these risks and other factors, investors are urged to read
the accompanying prospectus.
Q. | Who can purchase stock? |
A. | The common stock of Century Next Financial Corporation will be offered in the subscription offering in the following order of priority: |
1) | Eligible Account Holders depositors of Bank of Ruston with accounts totaling $50 or more as of December 31, 2008; | |
2) | Bank of Rustons employee stock ownership plan; | |
3) | Supplemental Eligible Account Holders depositors of Bank of Ruston with accounts totaling $50 or more as of June 30, 2010; and | |
4) | Other Members depositors of Bank of Ruston with accounts as of , 2010. |
Upon completion of
the subscription offering, common stock that is not sold in the
subscription offering, if any, will be offered to certain
members of the general public in a community offering.
Q. | Am I guaranteed to receive shares by placing an order? |
A. | No. It is possible that orders received during the offering period will exceed the number of shares being sold. Such an oversubscription would result in shares being allocated among subscribers starting with subscribers who are Eligible Account Holders. If the offering is oversubscribed in the subscription offering, no orders received in the community offering will be filled. |
Q. | Will any account I hold with the Bank be converted into stock? |
A. | No. All accounts remain as they were prior to the conversion. |
Q. | How many shares of stock are being offered, and at what price? |
A. | Century Next Financial Corporation is offering for sale a maximum of 920,000 shares of common stock at a subscription price of $10 per share. Under certain circumstances, Century Next Financial Corporation may increase the maximum and sell up to 1,058,000 shares. |
Q. | How much stock can I purchase? |
A. | The minimum purchase is $250 (25 shares). As more fully discussed in the plan of conversion and in the prospectus, the maximum purchase by any person in the subscription or community offering is $200,000 (20,000 shares); no person by himself or herself, with an associate or group of persons acting in concert, may purchase more than $350,000 (35,000 shares) of common stock in the offering. |
Q. | How do I order stock? |
A. | If you decide to subscribe for shares, you must return the properly completed and signed stock order form, along with full payment for the shares, to Century Next Financial Corporation, by mail using the enclosed envelope marked STOCK ORDER RETURN, by hand delivery, or by overnight courier to the Century Next Financial Corporation Conversion Center located at Bank of Rustons branch office, 2109 Farmerville Highway, Ruston, LA 71270. Your order must be physically received (not postmarked) by Century Next Financial Corporation no later than 5:00 p.m., Central time, on day, , 2010. Please read the prospectus carefully before making an investment decision. |
Q. | How can I pay for my shares of stock? |
A. | You can pay for the common stock by check, money order, or withdrawal from your deposit account or certificate of deposit at Bank of Ruston. Checks and money orders must be made payable to Century Next Financial Corporation Withdrawals from a deposit account or a certificate of deposit at Bank of Ruston to buy shares of common stock may be made without penalty. Cash must be converted to |
a bank check or money order. Please do not send cash in the mail. |
Q. | Can I use my Bank of Ruston home equity line of credit to subscribe for shares of common stock? |
A. | No. Bank of Ruston cannot knowingly lend funds to anyone for them to subscribe for shares. This includes the use of funds available through a Bank of Ruston home equity line of credit. |
Q. | When is the deadline to subscribe for stock? |
A. | An executed stock order form with the required full payment must be physically received (not postmarked) by Century Next Financial Corporation no later than 5:00 p.m., Central time on day, , 2010. |
Q. | Can I subscribe for shares using funds in my IRA at Bank of Ruston? |
A. | No. Federal regulations do not permit the purchase of common stock with your existing IRA or other qualified plan at Bank of Ruston. To use these funds to subscribe for common stock, you need to establish a self directed trust account with an unaffiliated trustee. The transfer of these funds takes time, so please make arrangements as soon as possible. However, if you intend to use other funds to subscribe for common stock due to your eligibility as an IRA account holder, you need not close and transfer the IRA account. Please call our Conversion Center if you require additional information. |
Q. | Can I subscribe for shares and add someone else who is not on my account to my stock registration? |
A. | No. Applicable regulations prohibit the transfer of subscription rights. Adding the names of other persons who are not owners of your qualifying account(s) will result in the loss of your subscription rights and could result in legal action against you. |
Q. | Can I subscribe for shares in my name alone if I have a joint account? |
A. | No. |
Q. | Can I subscribe for shares and add someone else who is not on my account to my stock registration? |
A. | No. Applicable regulations prohibit the transfer of subscription rights. Adding the names of other persons who are not owners of your qualifying account(s) will result in the loss of your subscription rights and could result in legal action against you. |
Q. | Will payments for common stock earn interest until the conversion closes? |
A. | Yes. Any payment made in cash or by check or money order will earn interest at Bank of Rustons statement savings rate from the date of receipt to the completion or termination of the conversion. Depositors who elect to pay for their common stock by a withdrawal authorization will receive interest at the contractual rate on the account until the completion or termination of the offering. |
Q. | Will dividends be paid on the stock? |
A. | We have not determined whether to pay dividends following our conversion, or if so, at what rate. |
Q. | Will my stock be covered by deposit insurance? |
A. | No. |
Q. | Where will the stock be traded? |
A. | Upon completion of the conversion, our shares of common stock are expected to be quoted on the OTC Bulletin Board. |
Q. | Can I change my mind after I place an order to subscribe for stock? |
A. | No. After receipt, your order may not be cancelled, modified or withdrawn, unless we extend the offering beyond , 2010. |
Additional
Information
Q. | What if I have additional questions or require more information? |
A. | Century Next Financial Corporations prospectus that accompanies this brochure describes the conversion in detail. Please read the prospectus carefully before subscribing for stock. If you have any questions after reading the enclosed material, you may call our Conversion Center at (318) 232-1462, Monday through Friday, between the hours of 10:00 a.m. and 4:00 p.m., Central time. Additional material may only be obtained from the Conversion Center. Please note that the Conversion Center will be closed from 12:00 noon Friday, September 3rd, through 12:00 noon Tuesday, September 7th, in observance of the Labor Day holiday. |
To ensure that
each purchaser in the subscription and community offering
receives a prospectus at least 48 hours before the
applicable expiration date, in accordance with
Rule 15c2-8
of the Securities Exchange Act of 1934, as amended, no
prospectus will be mailed any later than five days prior to such
date or hand delivered any later than two days prior to such
date.
The shares of
common stock being offered are not savings accounts or deposits
and are not insured or guaranteed by Bank of Ruston, Century
Next Financial Corporation, the Federal Deposit Insurance
Corporation or any other government agency.
This is not an
offer to sell or a solicitation of an offer to buy common stock.
The offer is made only by the prospectus.
Questions &
Answers
About
the Conversion
Dear Member:
As a
follow-up to
our recent mailing, this is to remind you that your vote is very
important.
The Board of
Directors of Bank of Ruston has voted unanimously in favor of a
plan of conversion whereby Bank of Ruston will convert from the
mutual form to the stock form of organization and become a
wholly owned subsidiary of Century Next Financial Corporation, a
company we recently formed. We are converting so that Bank of
Ruston will be structured in the form of ownership that we
believe will best support the Banks future growth.
To accomplish the
conversion, your participation is extremely
important.
On behalf of the Board, I ask that you help us meet our
goal by reading the enclosed material and then casting your vote
in favor of the plan of conversion and mailing your signed proxy
card immediately in the enclosed postage-paid envelope marked
PROXY RETURN. If you have more than one account,
you may receive more than one proxy. Please vote by returning
all proxy cards received.
If the plan of
conversion is approved, let me assure you that:
| deposit accounts will continue to be federally insured to the maximum extent permitted by law; | |
| existing deposit accounts and loans will not undergo any change; and | |
| voting for approval will not obligate you to buy any shares of common stock. |
If you have any
questions after reading the enclosed material, please call our
Conversion Center at
(318) 232-1462,
Monday through Friday, between the hours of 10:00 a.m. and
4:00 p.m., Central time. Please note that the Conversion
Center will be closed from 12:00 noon Friday, September
3rd,
through 12:00 noon Tuesday, September
7th, in
observance of the Labor Day holiday.
Sincerely,
Benjamin L. Denny
President and Chief Executive Officer
President and Chief Executive Officer
The shares of
common stock being offered are not savings accounts or deposits
and are not insured or guaranteed by Bank of Ruston,
Century Next Financial Corporation, the Federal Deposit
Insurance Corporation or any other government agency.
This is not an
offer to sell or a solicitation of an offer to buy common stock.
The offer is made only by the prospectus.
PG
PROXY
REQUEST
WE
NEED YOUR VOTE
Dear Member of Bank
of Ruston:
Your vote on our
plan of conversion has not yet been received. Your vote is very
important to us.
Please
vote and mail the enclosed proxy today. If you have more than
one account, you may receive more than one proxy. Please
complete and mail all proxies you receive.
Remember:
Voting does not obligate you to buy stock. Your Board of
Directors has approved the plan of conversion and urges you to
vote in favor of the conversion. Your deposit accounts or loans
with Bank of Ruston will not be affected in any way. Deposit
accounts will continue to be federally insured to the legal
maximum.
A postage-paid
envelope is enclosed with the proxy card. If you have any
questions, please call our Conversion Center at
(318) 232-1462,
Monday through Friday, between the hours of 10:00 a.m. and
4:00 p.m., Central time.
Sincerely,
Benjamin L. Denny
President and Chief
Executive Officer
If you have more
than one account, you may receive more than one proxy.
Please vote today
by returning all proxy cards received.
Read This First
Office of Thrift Supervision Guidance for Accountholders
Your financial institution is in the process of selling stock to
the public, in either a mutual-to-stock conversion or a stock
issuance by a subsidiary of a mutual holding company. As an
accountholder at this institution, you have certain priority
subscription rights to purchase stock in the offering. These
priority subscription rights are non-transferable. If you
subscribe for stock, you will be asked to sign a statement that
the purchase is for your own account, and that you have no
agreement or understanding regarding the subsequent sale or
transfer of any shares you receive.
On occasion, unscrupulous people attempt to persuade
accountholders to transfer subscription rights, or to purchase
shares in the offering based on the understanding that the
shares will subsequently be transferred to others. Such
arrangements violate federal regulations. If you participate in
these schemes, you are breaking the law and may be subject to
prosecution. If someone attempts to persuade you to participate
in such a scheme, please contact the Office of Thrift
Supervision (OTS), Consumer Response Center at
(800) 842-6929.
The OTS is very interested in ensuring that the prohibitions on
transfer of subscription rights are not violated.
How will you know if you are being approached illegally?
Typically, a fraudulent opportunist will approach you and offer
to loan you money to purchase a significant amount
of stock in the offering. In exchange for that loan
you most likely will be asked either to transfer control of any
stock purchased with that money to an account the other person
controls, or sell the stock and give the majority of the profits
to the other person. You may be told, untruthfully, that there
is no risk to you, that the practice is common, and even if you
are caught, that your legal expenses will be covered.
Below is a list of some key concepts that you should keep in
mind when considering whether to participate in a
mutual-to-stock conversion or stock issuance by a mutual holding
company subsidiary. If you have questions, please contact the
Conversion Center listed elsewhere in the literature you are
receiving. Alternatively, you can contact us at:
ombudsman@ots.treas.gov.
What
Investors Need to Know
Key concepts for investors to bear in mind when considering
whether to participate in a conversion offering, or a stock
offering by a subsidiary of a mutual holding company, include
the following:
| Know the Rules By law, accountholders cannot sell or transfer their priority subscription rights, or the stock itself, prior to the completion of a financial institutions conversion. Moreover, accountholders cannot enter into agreements or arrangements to sell or transfer either their subscription rights or the underlying conversion stock. | |
| Neither a Borrower nor a Lender Be If someone offers to lend you money so that you can participate or participate more fully in a conversion, be extremely wary. Be even more wary if the source of the money is someone you do not know. The loan agreement may make you unable to certify truthfully that you are the true holder of the subscription rights and the true purchaser of the stock and that you have no agreements regarding the sale or transfer of the stock. | |
| Watch Out for Opportunists The opportunist may tell you that he or she is a lawyer or a consultant or a professional investor or some similarly impressive tale who has experience with similar mutual conversion transactions. The opportunist may go to extreme lengths to assure you that the arrangement you are entering into is legitimate. They might tell you that they have done scores of these transactions and that this is simply how they work. Or they might downplay the warnings or restrictions in the prospectus or order form, telling you that everyone enters into such agreements or that the deal they are offering is legitimate. They may also tell you that you have no risk in the transaction. The cold, hard truth is that these are lies, and if you participate, you are breaking the law. | |
| Get the Facts from the Source If you have any questions about the securities offering, ask the savings bank or savings association for more information. If you have any doubts about a transaction proposed to you by someone else, ask the financial institution whether the proposed arrangement is proper. You may be able to find helpful resources on the institutions website or by visiting a branch office. |
The bottom line for investors is always to remember that if an
opportunity sounds too good to be true, it probably is
too good to be true.
OTS
An
Invitation
We
cordially invite you to attend one of our community meetings to
learn more about the opportunity to purchase newly issued shares
from our proposed holding company, Century Next Financial
Corporation.
v | Members of senior management will discuss Bank of Rustons operations, past performance and financial history. | ||
v | You will be able to meet one-on-one with Bank of Ruston officers to ask questions. | ||
v | There will be no sales pressure. You will receive Century Next Financial Corporation stock offering materials. Then you decide if the stock purchase matches your investment objectives. |
Community
meetings have been scheduled in
.
For meeting times and to make a reservation, or to receive a
prospectus and a stock order form, please call our Conversion
Center at
(318)-232-1462
Monday through Friday, 10:00 a.m. to 4:00 p.m., Central
time.
Proposed
Holding Company for
Bank
of Ruston
Community
Meetings
Day,
Month
Location
Address
City,
State Zip Code
v
Day,
Month
Location
Address
City,
State Zip Code
Proposed
Holding Company for
Bank
of Ruston
The
shares of common stock being offered are not savings accounts or
deposits and are not insured or guaranteed by Bank of Ruston,
Century Next Financial Corporation, the Federal Deposit
Insurance Corporation or any other
government agency.
This
is not an offer to sell or a solicitation of an offer to buy
common stock. The offer is made only by the
prospectus.