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Filed Pursuant to Rule 424(b)(3) and Rule 424(c)
Registration Statement No. 333-75727
PROSPECTUS SUPPLEMENT
(To Prospectus dated June 29, 1999)
SATILLA FINANCIAL SERVICES, INC.
A PROPOSED HOLDING COMPANY FOR
SATILLA COMMUNITY BANK
(IN ORGANIZATION)
COMMON STOCK
MINIMUM OFFERING -- 460,000 SHARES
MAXIMUM OFFERING -- 550,000 SHARES
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SPECIAL NOTICE TO RESIDENTS OF
NORTH CAROLINA AND SOUTH CAROLINA
This supplement to our prospectus dated June 29, 1999 allows us to
offer our common stock to up to 25 qualified residents of each of North Carolina
and South Carolina. This supplement constitutes an offer to North Carolina and
South Carolina residents only if accompanied by the prospectus.
If you are a resident of the State of North Carolina or South Carolina,
you should carefully read the prospectus, together with the notice below, before
investing in our common stock:
THESE SECURITIES ARE OFFERED PURSUANT TO A CLAIM OF EXEMPTION
UNDER ONE OR MORE SECURITIES ACTS.
IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR
OWN EXAMINATION OF THE PERSON OR ENTITY CREATING THE SECURITIES AND THE
TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE
SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES
COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING
AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY
OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON
TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT
AS PERMITTED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE
APPLICABLE STATE SECURITIES LAWS, PURSUANT TO A REGISTRATION OR
EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE
REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN
INDEFINITE PERIOD OF TIME.
If you decide to purchase shares of our common stock, we will deliver
to you a stock certificate representing your shares. Your stock certificate will
contain a legend that reflects the limitations above.
INVESTING IN OUR COMMON STOCK IS SPECULATIVE AND INVOLVES A HIGH DEGREE
OF RISK. SEE "RISK FACTORS" BEGINNING ON PAGE 3 OF THE PROSPECTUS.
The date of this prospectus supplement is July 20, 1999.
