FIRST WATERLOO BANCSHARES INC
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$8M
Investors
88
Min Invest
$12,000
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What this filing shows
·Every sentence is a value as filed on SEC Form D
FIRST WATERLOO BANCSHARES INC is a Illinois corporation that first filed a Form D on June 20, 2016 and most recently amended it on February 2, 2023 in the Commercial Banking industry group. The offering claims Rule 506(b) and covers equity. FIRST WATERLOO BANCSHARES INC reported $8,450,000 sold from 88 investors of a $8,625,000 total offering as of the Form D filed February 2, 2023. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $12,000. The Form D names The Oak Ridge Financial Services Group, Inc. (CRD 42941), associated with The Oak Ridge Financial Services Group as the recipient of sales compensation soliciting in AL, AZ, DC, FL, IL, IN, MO. The issuer's address of record is 228 S Main St, Waterloo, IL 62298.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
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In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
3
lapsed, closed
Investor
- 3 offering timelines: velocity, share raised, first-sale lag, stalled flags
Pro
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Gary D. Hemmer
Director · Waterloo, IL
Chairman of the Board
Alice M. Jost
Director · Waterloo, IL
Vice Chairman of the Board
Tyler E. Dinkelaker
Director · Waterloo, IL
L. Lee Eggemeyer
Director · Waterloo, IL
Dennis W. Lutz
Director · Waterloo, IL
David A. Mehrmann
Director · Waterloo, IL
Daniel C. Nester
Director · Waterloo, IL
Jared T. Nobbe
Director · Waterloo, IL
George W. Obernagel, III
Director · Waterloo, IL
Rick R. Parks
Executive Officer, Director · Waterloo, IL
President and Chief Executive Officer
John N. Richards
Director · Waterloo, IL
Jeanne M. Dalman
Executive Officer · Waterloo, IL
Senior Vice President of Retail Banking and Operations
Mark J. LaPlantz
Executive Officer · Waterloo, IL
Senior Vice President and Chief Lending Officer
Mary B. O'Leary
Executive Officer · Waterloo, IL
Senior Vice President and Chief Financial Officer
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
The Oak Ridge Financial Services Group, Inc.CRD 42941 on BrokerCheck
Associated broker-dealer: The Oak Ridge Financial Services Group (CRD 42941) · Minneapolis, MN · Soliciting in AL, AZ, DC, FL, IL, IN, MO
Questions About FIRST WATERLOO BANCSHARES INC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is FIRST WATERLOO BANCSHARES INC?
FIRST WATERLOO BANCSHARES INC is a Illinois corporation that filed a Form D with the SEC on February 2, 2023 in the Commercial Banking industry group. The filing claims Rule 506(b) for an offering of equity.
Is FIRST WATERLOO BANCSHARES INC legit?
AltStreet does not rate legitimacy; it reports the public record. FIRST WATERLOO BANCSHARES INC filed a Form D with the SEC on February 2, 2023 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $8,450,000 sold to 88 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is FIRST WATERLOO BANCSHARES INC registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that FIRST WATERLOO BANCSHARES INC claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has FIRST WATERLOO BANCSHARES INC raised?
FIRST WATERLOO BANCSHARES INC reported $8,450,000 sold from 88 investors of a $8,625,000 total offering as of the Form D filed February 2, 2023.
Who can invest in FIRST WATERLOO BANCSHARES INC?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $12,000.
What is the minimum investment in FIRST WATERLOO BANCSHARES INC?
The Form D lists $12,000 as the minimum investment accepted from any outside investor as of February 2, 2023. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling FIRST WATERLOO BANCSHARES INC and how are they paid?
The Form D names The Oak Ridge Financial Services Group, Inc. (CRD 42941), associated with The Oak Ridge Financial Services Group as the recipient of sales compensation soliciting in AL, AZ, DC, FL, IL, IN, MO.
Who is behind FIRST WATERLOO BANCSHARES INC?
The Form D lists 14 related persons: Gary D. Hemmer, director (Chairman of the Board); Alice M. Jost, director (Vice Chairman of the Board); Tyler E. Dinkelaker, director; L. Lee Eggemeyer, director; Dennis W. Lutz, director; David A. Mehrmann, director; Daniel C. Nester, director; Jared T. Nobbe, director, and 6 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is FIRST WATERLOO BANCSHARES INC located?
The issuer's address on its SEC filings is 228 S Main St, Waterloo, IL 62298. Its phone number of record is 6189396194. It is organized under the laws of Illinois.
How long is the FIRST WATERLOO BANCSHARES INC offering open?
The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
What is FIRST WATERLOO BANCSHARES INC's revenue?
The issuer declined to disclose its revenue range on the Form D, which the form permits.
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.