CFB BANCSHARES INC

election_required = True...term "odd lots" means all shares properly tendered before the expiration date and not properly withdrawn by an person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. We also reserve the right, but will not be obligated to purchase all shares properly tendered by any shareholder who tenders all shares owned beneficially...

election_required = True...term "odd lots" means all shares properly tendered before the expiration date and not properly withdrawn by an person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. Promptly following the expiration date of this offer, we will accept your shares for payment and pay for, and thereby purchase, shares properly tendered an...

election_required = True...term "odd lots" means all shares properly tendered before the expiration date and not properly withdrawn by an person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. Promptly following the expiration date of this offer, we will accept your shares for payment and pay for, and thereby purchase, shares properly tendered an...

election_required = True...term "odd lots" means all shares properly tendered before the expiration date and not properly withdrawn by an person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. Promptly following the expiration date of this offer, we will accept your shares for payment and pay for, and thereby purchase, shares properly tendered an...

expiry = 2003-12-12...nt and Chief Executive Officer Dated: November 11, 2003 Exhibit 16(a)(l)(i) CFB BANCSHARES, INC. OFFER TO PURCHASE FOR CASH Up to 45,454 SHARES OF COMMON STOCK $22.00 PER SHARE This Offer to Purchase will expire at 5:00 p.m. Eastern Standard Time on December 12, 2003, unless the offer is extended or earlier terminated. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THIS OFFER, PASSED UPON THE MERITS OR FAIRNESS OF THIS OFFER OR PASSED UPON...

expiry = 2003-12-12...t and Chief Executive Officer Dated: December 2, 2003 9 Exhibit 16(a)(l)(i) CFB BANCSHARES, INC. OFFER TO PURCHASE FOR CASH Up to 45,454 SHARES OF COMMON STOCK $22.00 PER SHARE This Offer to Purchase will expire at 5:00 p.m.Eastern Standard Time on December 12, 2003, unless the offer is extended or earlier terminated. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THIS OFFER, PASSED UPON THE MERITS OR FAIRNESS OF THIS OFFER OR PASSED UPON...

expiry = 2004-01-23...er 17, 2003 9 Exhibit 16(a)(l)(i) CFB BANCSHARES, INC. AMENDED AND RESTATED OFFER TO PURCHASE FOR CASH Up to 45,454 SHARES OF COMMON STOCK $22.00 PER SHARE This Amended and Restated Offer to Purchase will expire at 5:00 p.m. Eastern Standard Time on January 23, 2004, unless the offer is extended or earlier terminated. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THIS OFFER, PASSED UPON THE MERITS OR FAIRNESS OF THIS OFFER OR PASSED UPON...

expiry = 2004-02-13...S TENDER OFFER Wartburg, Tennessee - (January 12, 2004) - CFB Bancshares, Inc. today announced that the expiration date of its tender offer for the purchase of up to 45,454 shares of its common stock has been extended to 5:00 p.m., Eastern Standard Time, on February 13, 2004 unless the offer is extended again or terminated earlier. The offer had been scheduled to expire at 5:00 p.m., Eastern Standard Time, on Friday, January 23, 2004. The Company will pay $22.00 for each share purchased in the tender offer. Th...

mechanism = FIXED..., 2003, the record date. Additional information regarding the terms of the offer is set forth in "Terms of the Offer." o If the number of shares tendered at the purchase price is less than or equal to 45,454 shares, we will purchase all tendered shares at the purchase price of $22.00 per share. If the number of shares tendered is more than 45,454 shares, we will purchase shares first from holders of less than 100 shares who have tendered all of their shares and then, on a pro rata basis from all other shareholders who tender shares. o This offer is voluntary. Eligible shareholders may, but are not required to, tender their sha...

mechanism = FIXED..., 2003, the record date. Additional information regarding the terms of the offer is set forth in "Terms of the Offer." o If the number of shares tendered at the purchase price is less than or equal to 45,454 shares, we will purchase all tendered shares at the purchase price of $22.00 per share. If the number of shares tendered is more than 45,454 shares, we will first purchase all shares without proration from holders of less than 100 shares who have tendered all of their shares and then, on a pro rata basis from all other shareholders who tender shares. See "Terms of the Offer--Proration." o This offer is voluntary. Sharehold...

mechanism = FIXED..., 2003, the record date. Additional information regarding the terms of the offer is set forth in "Terms of the Offer." o If the number of shares tendered at the purchase price is less than or equal to 45,454 shares, we will purchase all tendered shares at the purchase price of $22.00 per share. If the number of shares tendered is more than 45,454 shares, we will first purchase all shares without proration from holders of less than 100 shares who have tendered all of their shares and then, on a pro rata basis from all other shareholders who tender shares. See "Terms of the Offer--Proration." o This offer is voluntary. Sharehold...

mechanism = FIXED...stock, $1.00 par value. Additional information regarding the terms of the offer is set forth in "Terms of the Offer." o If the number of shares tendered at the purchase price is less than or equal to 45,454 shares, we will purchase all tendered shares at the purchase price of $22.00 per share. If the number of shares tendered is more than 45,454 shares, we will first purchase all shares without proration from holders of less than 100 shares who have tendered all of their shares and then, on a pro rata basis from all other shareholders who tender shares. See "Terms of the Offer--Proration." o This offer is voluntary. Sharehold...

must_tender_all = True...ares will the Company purchase? A: All of the shares that you tender in our offer may not be purchased. We will purchase shares based on the following order of priority: First, we will purchase shares from all holders of "odd lots" of less than 100 shares and who tender all of their shares; Second, all other shares on a pro rata basis, except if proration results in shareholders owning fewer than 100 shares, those will be purchased in the first priority with odd-lots. 5 Q: How will the Company pay for the shares? A. The Company will pay for any tendered shares out of proceeds from an anticipated issuance of trust preferred...

must_tender_all = True...purchase? A: All of the shares that you tender in our offer may not be purchased. We will purchase shares based on the following order of priority: First, we will purchase all shares without proration from all holders of "odd lots" of less than 100 shares and who tender all of their shares; Second, all other shares on a pro rata basis. Q: How will the Company pay for the shares? A. The Company will pay for any tendered shares out of proceeds from an anticipated issuance of trust preferred securities. The Company anticipates issuing junior subordinated debentures to a wholly owned business trust which will, in turn, sell a...

must_tender_all = True...purchase? A: All of the shares that you tender in our offer may not be purchased. We will purchase shares based on the following order of priority: First, we will purchase all shares without proration from all holders of "odd lots" of less than 100 shares and who tender all of their shares; Second, all other shares on a pro rata basis. Q: How will the Company pay for the shares? A. The Company will pay for any tendered shares out of a portion of the proceeds from an issuance of trust preferred securities. The Company has issued junior subordinated debentures to a wholly owned business trust which, in turn, sold a like amou...

must_tender_all = True...purchase? A: All of the shares that you tender in our offer may not be purchased. We will purchase shares based on the following order of priority: First, we will purchase all shares without proration from all holders of "odd lots" of less than 100 shares and who tender all of their shares; Second, all other shares on a pro rata basis. Q: How will the Company pay for the shares? A. The Company will pay for any tendered shares out of a portion of the proceeds from an issuance of trust preferred securities. The Company has issued junior subordinated debentures to a wholly owned business trust which, in turn, sold a like amou...

price = USD 22.0...is set forth in "Terms of the Offer." o If the number of shares tendered at the purchase price is less than or equal to 45,454 shares, we will purchase all tendered shares at the purchase price of $22.00 per share. If the number of shares tendered is more than 45,454 shares, we will purchase shares first from holders of less than 100 shares who have tendered all of their shares and then, on a pro rata basis from all other shareho...

price = USD 22.0...is set forth in "Terms of the Offer." o If the number of shares tendered at the purchase price is less than or equal to 45,454 shares, we will purchase all tendered shares at the purchase price of $22.00 per share. If the number of shares tendered is more than 45,454 shares, we will first purchase all shares without proration from holders of less than 100 shares who have tendered all of their shares and then, on a pro rata basis...

price = USD 22.0...is set forth in "Terms of the Offer." o If the number of shares tendered at the purchase price is less than or equal to 45,454 shares, we will purchase all tendered shares at the purchase price of $22.00 per share. If the number of shares tendered is more than 45,454 shares, we will first purchase all shares without proration from holders of less than 100 shares who have tendered all of their shares and then, on a pro rata basis...

price = USD 22.0...is set forth in "Terms of the Offer." o If the number of shares tendered at the purchase price is less than or equal to 45,454 shares, we will purchase all tendered shares at the purchase price of $22.00 per share. If the number of shares tendered is more than 45,454 shares, we will first purchase all shares without proration from holders of less than 100 shares who have tendered all of their shares and then, on a pro rata basis...

priority = True...566 record holders of our common stock. Approximately 141 of the record holders hold 99 or fewer shares of our common stock. All shareholders are eligible to participate in this offer. However, if the number of shares tendered is more than 45,454 shares, then we will first purchase all shares without proration from holders of fewer than 100 shares who tendered all of their shares and then will purchase shares from the remaining shareholders on a pro rata basis. We calculate that if approximately 50% or more of our record holders participate in the offer and have all of their shares purchased by the Company, there will be less than 300 record shareholders. Participation by b...

threshold = 100...If we do so, the preceding provisions will apply to the greater number of shares. Odd Lots For purposes of our offer, the term "odd lots" means all shares properly tendered before the expiration date and not properly withdrawn by an person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. We also reserve the right, but will not be obligated to purchase all shares p...

threshold = 100...If we do so, the preceding provisions will apply to the greater number of shares. Odd Lots For purposes of our offer, the term "odd lots" means all shares properly tendered before the expiration date and not properly withdrawn by an person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. Promptly following the expiration date of this offer, we will accept your sha...

threshold = 100...we do so, the preceding provisions will apply to the greater number of shares. 17 Odd Lots For purposes of our offer, the term "odd lots" means all shares properly tendered before the expiration date and not properly withdrawn by an person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. Promptly following the expiration date of this offer, we will accept your sha...

threshold = 100...If we do so, the preceding provisions will apply to the greater number of shares. Odd Lots For purposes of our offer, the term "odd lots" means all shares properly tendered before the expiration date and not properly withdrawn by an person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares and certifies to that fact in the "Odd Lots" box on the letter of transmittal and, if applicable, on the notice of guaranteed delivery. As set forth above, odd lots will be accepted for payment before proration, if any, of the purchase of other tendered shares. Promptly following the expiration date of this offer, we will accept your sha...

txn_type = CONSOLIDATION...strategy to achieve the objectives discussed in "Purposes of the Offer" above. While considering this issue, the Board of Directors also considered other alternatives to reduce the number of shareholders to less than 300. These other considerations included a reverse stock split or cash out merger. Under these alternatives, shareholders who own fewer than an established number of shares would be "cashed out" and forced to sell their shares at a pre-determined price, subject to certain rights arising by law. The primary advantage of the reverse stock split, cash out merger or similar transaction is that if it is...

txn_type = CONSOLIDATION...strategy to achieve the objectives discussed in "Purposes of the Offer" above. While considering this issue, the Board of Directors also considered other alternatives to reduce the number of shareholders to less than 300. These other considerations included a reverse stock split or cash out merger. Under these alternatives, shareholders who own fewer than an established number of shares would be "cashed out" and forced to sell their shares at a pre-determined price, subject to certain rights arising by law. The primary advantage of the reverse stock split, cash out merger or similar transaction is that if it is...

txn_type = CONSOLIDATION...strategy to achieve the objectives discussed in "Purposes of the Offer" above. While considering this issue, the Board of Directors also considered other alternatives to reduce the number of shareholders to less than 300. These other considerations included a reverse stock split or cash out merger. Under these alternatives, shareholders who own fewer than an established number of shares would be "cashed out" and forced to sell their shares at a pre-determined price, subject to certain rights arising by law. The primary advantage of the reverse stock split, cash out merger or similar transaction is that if it is...

txn_type = CONSOLIDATION...strategy to achieve the objectives discussed in "Purposes of the Offer" above. While considering this issue, the Board of Directors also considered other alternatives to reduce the number of shareholders to less than 300. These other considerations included a reverse stock split or cash out merger. Under these alternatives, shareholders who own fewer than an established number of shares would be "cashed out" and forced to sell their shares at a pre-determined price, subject to certain rights arising by law. The primary advantage of the reverse stock split, cash out merger or similar transaction is that if it is...

untradeable = True...ditioned, as to each eligible shareholder, upon that shareholder's tendering all of the shares of common stock held by the shareholder. Partial tenders will not be accepted. We are offering to purchase these shares of common stock at $22.00 per share in cash. There is no public market for the common stock. Based on information provided to management, the last sales price of the common stock was $20.00. If you are an eligible record shareholder and you tender your shares directly to the Company, you will not incur any sales commission or other charges. However, if you hold shares or tender shares through a broker, bank or other institution...

untradeable = True...er is conditioned, as to each shareholder, upon that shareholder's tendering all of the shares of common stock held by the shareholder. Partial tenders will not be accepted. We are offering to purchase these shares of common stock at $22.00 per share in cash. There is no public market for the common stock. Based on information provided to management, the last sales price of the common stock was $20.00. If you are an eligible record shareholder and you tender your shares directly to the Company, you will not incur any sales commission or other charges. However, if you hold shares or tender shares through a broker, bank or other institution...

untradeable = True...er is conditioned, as to each shareholder, upon that shareholder's tendering all of the shares of common stock held by the shareholder. Partial tenders will not be accepted. We are offering to purchase these shares of common stock at $22.00 per share in cash. There is no public market for the common stock. Based on information provided to management, the last sales price of the common stock was $20.00. If you are an eligible record shareholder and you tender your shares directly to the Company, you will not incur any sales commission or other charges. However, if you hold shares or tender shares through a broker, bank or other institution...

untradeable = True...er is conditioned, as to each shareholder, upon that shareholder's tendering all of the shares of common stock held by the shareholder. Partial tenders will not be accepted. We are offering to purchase these shares of common stock at $22.00 per share in cash. There is no public market for the common stock. Based on information provided to management, the last sales price of the common stock was $20.00. If you are an eligible record shareholder and you tender your shares directly to the Company, you will not incur any sales commission or other charges. However, if you hold shares or tender shares through a broker, bank or other institution...

final_price = 22.0...blue document in your package), which together constitute the "Offer," in connection with the offer by CFB Bancshares, Inc. ("CFB"), to purchase up to 45,454 shares of its common stock (the "Shares") at a purchase price of $22.00 per Share, upon the terms and conditions set forth in the Offer. We are the owner of record of Shares held for your account. Therefore, we are the only ones who can tender your Shares, and then only pursuant to your instructions. We are sending you the Letter of Transmittal for your infor...

tendered = 45454...45,454 or fewer shares are properly tendered and not properly withdrawn, we will purchase all properly tendered shares at the purchase price. Upon the terms and conditions of our offer, if more than 45,454 shares are properly tendered not properly withdrawn, we will purchase properly tendered shares in the following order: First, all shares without proration properly tendered and not properly withdrawn by an "odd lot holder" (as defined below) who tenders all shares owned (beneficially or of record) by the od...