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Filed Pursuant to Rule 424(b)(1)
Registration No. 333-45979
UNITY HOLDINGS, INC.
a proposed holding company for
UNITY NATIONAL BANK
OFFERING OF 860,000 SHARES OF COMMON STOCK
AND
140,000 UNITS, EACH CONSISTING OF ONE SHARE OF COMMON STOCK AND
ONE WARRANT TO PURCHASE A SHARE OF COMMON STOCK
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SUPPLEMENT NO. 3 TO PROSPECTUS
DATED APRIL 27, 1998
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This Supplement has been prepared solely for use in conjunction with
the Prospectus of UNITY HOLDINGS, INC., a Georgia corporation (the "Company"),
dated April 27, 1998 (the "Prospectus"), pursuant to which a minimum of 740,000
shares and a maximum of 1,000,000 shares of the Company's common stock, par
value $.01 per share (the "Common Stock"), is being offered at $10.00 per share.
The Company is extending the offering of its Common Stock through
October 22, 1998, subject to the Company's right to terminate the offering
earlier if it sells all of the shares of Common Stock offered pursuant to the
Prospectus or if it otherwise determines such termination to be appropriate in
accordance with the terms and conditions contained in the Prospectus.
The Company has achieved all conditions to the offering described in
the Prospectus, including acceptance of subscriptions for and payment in full of
subscription proceeds of in excess of $7,500,000, and the Company anticipates
breaking escrow during the week of August 24, 1998. Any subscription proceeds
received after this time but before termination of the offering will not be
deposited in escrow, but will be available for immediate use by the Company to
fund offering and organizational expenses and for working capital for the
Company.
The Company has recently hired James D. Timmons to serve as its Chief
Financial Officer. Mr. Timmons is a Certified Public Accountant with twenty
years of banking experience, serving in positions such as chief financial
officer, senior lender, and vice president for various community banks and other
financial institutions.
This Supplement is not a summary of information in the Prospectus, and
it may not be used except in conjunction with the Prospectus.
TO THE EXTENT ANY INFORMATION SET FORTH IN THIS SUPPLEMENT NO. 3 IS
INCONSISTENT WITH OR CONTRARY TO THE INFORMATION SET FORTH IN THE PROSPECTUS,
THE INFORMATION SET FORTH HEREIN SHALL SUPERSEDE THE INFORMATION CONTAINED IN
THE PROSPECTUS. THIS SUPPLEMENT NO. 3 DOES NOT CONTAIN A COMPLETE DESCRIPTION OF
THE TERMS OF THE OFFERING AND INFORMATION RELATING TO THE COMPANY. PROSPECTIVE
INVESTORS SHOULD READ THE PROSPECTUS AND THIS SUPPLEMENT NO. 3 IN THEIR ENTIRETY
PRIOR TO SUBSCRIBING FOR SHARES OF THE COMMON STOCK.
UNITY HOLDINGS, INC.
The date of this Supplement No. 3 is August 21, 1998.
