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Filed by Century Bancshares, Inc.
Pursuant to Rule 425 of the Securities Act of 1933
Subject Company: GrandBanc, Inc.
Commission File No: 000-16234
THE FOLLOWING IS THE TEXT (INCLUDING DESCRIPTIONS OF GRAPHICS) OF SLIDES FROM A
SLIDE SHOW BEING PRESENTED BY CERTAIN EXECUTIVE OFFICERS OF CENTURY BANCSHARES,
INC. TO CUSTOMERS, EMPLOYEES, INVESTORS & SHAREHOLDERS BEGINNING ON NOVEMBER 4,
2000
SLIDE: "Century Bancshares, Inc."
Graphic of man talking on cell phone and running down street
past a Century National sign.
"The bank that thinks like a business."
Century logo
SLIDE: FORWARD LOOKING STATEMENTS
This presentation contains certain forward-looking statements
regarding future financial condition and results of
operations and the Company's business operations. The words
"may," "intend," "will," "believe," "expect," "estimate,"
"anticipate," "predict" and similar expressions, the
negatives of those words and other variations on those words
or comparable terminology, are intended to identify
forward-looking statements. Such statements involve risks,
uncertainties and assumptions and, although the Company
believes that such assumptions are reasonable, it can give no
assurance that its expectations regarding these matters will
be achieved. Our actual results may differ materially from
what we expect. The important factors that could cause actual
results to differ materially from the forward-looking
statements include, without limitation, the factors discussed
in the Company's Form 10-K for the year ended December 31,
1999 under the caption "Management's Discussion and Analysis
of Financial Condition and Results of Operations" as well as
the following factors: general economic conditions in the
Washington, DC metropolitan area; changes in interest rates;
changes in asset quality; the effect on the Company of the
extensive scheme of regulation by several federal agencies;
the departure of certain key executives; delayed effects of
the year 2000 problem; and competition from other providers
of financial services. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions
prove incorrect, such actual outcomes may vary materially
from those indicated.
SLIDE: IMPORTANT NOTICE
SHAREHOLDERS OF CENTURY BANCSHARES, INC. AND GRANDBANC, INC.
(COMPANIES) AND OTHER INVESTORS ARE URGED TO READ THE PROXY
STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT WILL BE
INCLUDED IN THE REGISTRATION STATEMENT ON FORM S-4 TO BE
FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC)
IN CONNECTION WITH THE PROPOSED MERGER OF THE COMPANIES. THE
PROXY STATEMENT/PROSPECTUS WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE COMPANIES, THE MERGER, AND ABOUT PERSONS SOLICITING
PROXIES IN THE MERGER, INCLUDING OFFICERS AND DIRECTORS OF
THE COMPANIES AND THEIR INTEREST IN THE MERGER.
AFTER IT IS FILED WITH THE SEC, INVESTORS MAY OBTAIN A FREE
COPY OF THE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT
DOCUMENTS ON THE SEC'S WEB SITE (HTTP://WWW.SEC.GOV). A PROXY
STATEMENT/PROSPECTUS WITH RESPECT TO THE PROPOSED MERGER AND
OTHER RELEVANT DOCUMENTS WILL ALSO BE MADE AVAILABLE FOR FREE
TO STOCKHOLDERS OF THE COMPANIES UPON REQUEST DIRECTED TO THE
COMPANIES' RESPECTIVE SHAREHOLDER RELATIONS DEPARTMENTS AS
FOLLOWS:
SHAREHOLDER RELATIONS SHAREHOLDER RELATIONS
GRANDBANC, INC. CENTURY BANCSHARES, INC.
1800 ROCKVILLE PIKE 1275 PENNSYLVANIA AVENUE, NW
ROCKVILLE, MD 20816 WASHINGTON, DC 20004
301-770-1300 202-496-4100
SLIDE: "A small bank with a big idea."
Graphic of man talking on cell phone and running.
SLIDE: Century logo
"The premier community bank in the Washington area."
SLIDE: "Our market: the people*
-23rd largest "state" (4.7 million)
-#1 in median income
-#1 in higher education
-High household wealth
*Information obtained from John McClain, Potomac Futures"
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SLIDE: "Average Household Wealth*
-Washington $192,000
-San Francisco/SJ $191,000
-Chicago $178,000
-Boston $158,000
-New York $125,000
*Information obtained from John McClain, Potomac Futures"
SLIDE: "Our market: the economy*
-14th largest "state" ($214 billion)
-2.7 million jobs
-1 million new private sector jobs since 1980
-Federal presence around 12%
*Information obtained from John McClain, Potomac Futures"
SLIDE: "Total Jobs*"
Graphic of bar chart depicting millions of jobs in Northern
Virginia, Suburban Maryland, and Washington DC "Information
obtained from John McClain, Potomac Futures"
SLIDE: "Annual Job Growth*"
Graphic of area chart depicting thousands of jobs from 1990
through 2000 "*Information obtained from John McClain, Potomac
Futures"
SLIDE: "Job Growth by Sector*"
Graphic of bar chart depicting thousands of jobs in Services,
Trade, Other Private and Government industries.
"*Information obtained from John McClain, Potomac Futures"
SLIDE: "Our market: the "new" economy*
-#1 in Internet services
-#2 in technology companies
-#3 in biotech companies
-$1.5 billion venture capital invested last year
*Information obtained from John McClain, Potomac Futures"
SLIDE: "Our History
-Established 1982
-Profitable 18 consecutive years
-Growth and expansion since 1996"
Century logo
SLIDE: "Our Growth Strategy
-Concentrate on the markets we know
-Focus on what we do well
-Add services our customers want
-Expand through the metropolitan area
-Build long-term value for stockholders"
Century logo
SLIDE: "Concentrate on the markets we know
-Professionals and firms
-Owner-operated business
-Not-for profit organizations"
Century logo
SLIDE: "Focus on what we do well
-Customer service
-Responsive lending
-Conservative underwriting"
Century logo
SLIDE: "Add services our customers want
-Credit card program (1996)
-Mortgage brokerage (1998)
-Insurance agency (1999)
-Internet banking (2000)"
Century logo
SLIDE: "Current branches"
Map of current branches
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Century logo
SLIDE: "Build long-term value for stockholders
-Public market/stock liquidity
-Market share growth
-EPS growth
-Sound balance sheet
-Efficient capital management"
Century logo
SLIDE: Century logo
"Loan Growth"
Graph of loan growth from 1996-September 2000
SLIDE: Century logo
"Revenue Growth"
Graph of revenue growth from 1996-September 2000
SLIDE: Century logo
"Net Income Growth"
Graph of net income growth from 1996-September 2000
SLIDE: Century logo
"Earnings Per Share"
Graph of earnings per share from 1996-September 2000
SLIDE: "Peer Group
-19 publicly traded banks
-MD, DC, VA, NC, SC, GA, FL
-Assets (less than) $1 billion
-3 year growth (greater than) 70% (assets and branches)
Data source: SNL Securities"
SLIDE: Century logo
"Return on Assets*"
Graph of return on assets as a percentage of average assets
from 1997-September 2000
"*Information obtained from Scott & Stringfellow"
SLIDE: Century logo
"Return on Equity*"
Graph of return on equity as a percentage of average equity
from 1997-September 2000
"*Information obtained from Scott & Stringfellow"
SLIDE: Century logo
"Net Interest Margin*"
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Graph of net interest margin as a percentage of earnings
assets from 1997-September 2000
"*Information obtained from Scott & Stringfellow"
SLIDE: Century logo
"Efficiency Ratio*"
Graph of efficiency ratio as a percentage of total revenue
from 1997-September 2000 "*Information obtained from Scott &
Stringfellow"
SLIDE: Century logo
"Non-Performing Assets*"
Graph of non-performing assets as a percentage of total
assets from 1997-September 2000
"*Information obtained from Scott & Stringfellow"
SLIDE: Century logo
"Stock Information*"
Graph of stock information: Price to Book Value (Century and
Peers) and Price to LTM Earnings (Century and Peers) as of
November 2, 2000.
"*Information obtained from Scott & Stringfellow"
SLIDE: "Investment Considerations
-Large and growing market
-Proven business model
-Shareholder-oriented management
-Numbers showing results
-Reasonable valuation multiples"
Century logo
SLIDE: "Century Bancshares, Inc."
Graphic of man talking on cell phone and running down street
past a Century National sign.
"The bank that thinks like a business."
Century logo
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