Exhibit 99.2
Ottawa Savings Bank
PROPOSED MAILING AND INFORMATIONAL MATERIALS
INDEX
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1. | | Dear Member Letter* | | |
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2. | | Dear Member Letter for Non Eligible States | | |
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3. | | Dear Friend Letter - Eligible Account Holders who are no longer Depositors* | | |
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4. | | Dear Potential Investor Letter* | | |
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5. | | Dear Customer Letter - Used as a Cover Letter for States Requiring “Agent” Mailing* | | |
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6.-10. | | Proxy and Stock Q&A* | | |
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11. | | Proxy Request Letter (immediate follow-up) | | |
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12. | | Proxy Request | | |
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13. | | Mailing Insert/Lobby Poster | | |
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14. | | Invitation Letter - Informational Meetings | | |
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15. | | Dear Subscriber/Acknowledgment Letter - Initial Response to Stock Order Received | | |
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16. | | Dear Charter Shareholder - Confirmation Letter | | |
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17. | | Dear Interested Investor - No Shares Available Letter | | |
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18. | | Welcome Shareholder Letter - For Initial Certificate Mailing | | |
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19. | | Dear Interested Subscriber Letter - Subscription Rejection | | |
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20. | | Letter for Sandler O’Neill Mailing to Clients* | | |
| * | Accompanied by a Prospectus |
| Note: | Items 1 through 12 are produced by the Financial Printer and Items 13 through 20 are produced by the conversion center. |
[Ottawa Savings Bank]
Dear Member:
The Board of Directors of Ottawa Savings Bank has voted unanimously in favor of a plan of reorganization and minority stock issuance to reorganize from a mutual savings bank into the mutual holding company form of organization. As part of this reorganization, Ottawa Savings Bank will form a mutual holding company to be known as Ottawa Savings Bancorp MHC, and will establish Ottawa Savings Bancorp, Inc. as a majority-owned subsidiary. We are reorganizing so that Ottawa Savings Bank will be structured in the form of ownership that we believe will best support the Bank’s future growth.
To accomplish the reorganization, your participation is extremely important. On behalf of the Board, I ask that you help us meet our goal by reading the enclosed material and then casting your vote in favor of the plan of reorganization and mailing your signed proxy card immediately in the enclosed COLOR postage-paid envelope marked “PROXY RETURN.” If you have an IRA or other Qualified Retirement Plan account for which Ottawa Savings Bank acts as trustee and we do not receive a proxy from you, Ottawa Savings Bank, as trustee for such account, intends to vote in favor of the plan of reorganization on your behalf.If you have more than one account, you may receive more than one proxy. Please vote by returning all proxy cards received.
If the plan of reorganization is approved, let me assure you that:
| | • | | deposit accounts will continue to be federally insured to the same extent permitted by law; |
| | • | | existing deposit accounts and loans will not undergo any change; and |
| | • | | voting for approval will not obligate you to buy any shares of common stock. |
As a qualifying account holder, you may also take advantage of your nontransferable rights to subscribe for shares of Ottawa Savings Bancorp, Inc. common stock on a priority basis, before the stock is offered to the general public. The enclosed proxy statement and prospectus describe the stock offering and the operations of Ottawa Savings Bank. If you wish to purchase stock, please complete the stock order and certification form and mail it, along with full payment for the shares (or appropriate instructions authorizing withdrawal from a deposit account with Ottawa Savings Bank) to Ottawa Savings Bank in the enclosed YELLOW envelope marked “STOCK ORDER RETURN,” or return it to the main office of the Bank. Your order must be physically received by Ottawa Savings Bank no later than 4:00 p.m., Central Time, on Monday, June 13, 2005.Please read the prospectus carefully before making an investment decision.
If you wish to use funds in your IRA or Qualified Retirement Plan at Ottawa Savings Bank to subscribe for common stock, please be aware that federal law requires that such funds first be transferred to a self-directed retirement account with a trustee other than Ottawa Savings Bank. The transfer of such funds to a new trustee takes time, so please make arrangements as soon as possible.
If you have any questions after reading the enclosed material, please call our conversion center at xxx-xxx-xxxx, Monday through Friday, between the hours of 10:00 a.m. and 4:00 p.m., Central Time.
|
| Sincerely, |
|
| |
| Gary Ocepek |
| President and Chief Executive Officer |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the prospectus.
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[Ottawa Savings Bank]
Dear Member:
The Board of Directors of Ottawa Savings Bank has voted unanimously in favor of a plan of reorganization and minority stock issuance to reorganize from a mutual savings bank into the mutual holding company form of organization. As part of this reorganization, Ottawa Savings Bank will form a mutual holding company to be known as Ottawa Savings Bancorp MHC, and will establish Ottawa Savings Bancorp, Inc. as a majority-owned subsidiary. We are reorganizing so that Ottawa Savings Bank will be structured in the form of ownership that we believe will best support the Bank’s future growth.
To accomplish the reorganization, your participation is extremely important. On behalf of the Board, I ask that you help us meet our goal by reading the enclosed material and then casting your vote in favor of the plan of reorganization and mailing your signed proxy card immediately in the enclosed postage-paid envelope marked “PROXY RETURN.” If you have an IRA or other Qualified Retirement Plan for which Ottawa Savings Bank acts as trustee and we do not receive a proxy from you, Ottawa Savings Bank, as trustee for such account, intends to vote in favor of the plan of reorganization on your behalf.If you have more than one account, you may receive more than one proxy. Please vote by returning all proxy cards received.
If the plan of reorganization is approved, let me assure you that:
| | • | | deposit accounts will continue to be federally insured to the same extent permitted by law; and |
| | • | | existing deposit accounts and loans will not undergo any change. |
We regret that we are unable to offer you common stock in the subscription offering because the laws of your state or jurisdiction require us to register either (1) the to-be-issued common stock of Ottawa Savings Bancorp, Inc., or (2) an agent of Ottawa Savings Bank to solicit the sale of such stock, and the number of eligible subscribers in your state or jurisdiction does not justify the expense of such registration.
If you have any questions after reading the enclosed material, please call our conversion center at xxx-xxx-xxxx, Monday through Friday, between the hours of 10:00 a.m. and 4:00 p.m., Central Time.
|
| Sincerely, |
|
| |
| Gary Ocepek |
| President and Chief Executive Officer |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the prospectus.
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[Ottawa Savings Bank]
Dear Friend of Ottawa Savings Bank:
The Board of Directors of Ottawa Savings Bank has voted unanimously in favor of a plan of reorganization and minority stock issuance to reorganize from a mutual savings bank into the mutual holding company form of organization. As part of this reorganization, Ottawa Savings Bank will form a mutual holding company to be known as Ottawa Savings Bancorp MHC, and will establish Ottawa Savings Bancorp, Inc. as a majority-owned subsidiary. We are reorganizing so that Ottawa Savings Bank will be structured in the form of ownership that we believe will best support the Bank’s future growth.
As a former account holder, you may take advantage of your nontransferable rights to subscribe for shares of Ottawa Savings Bancorp, Inc. common stock on a priority basis, before the stock is offered to the general public. The enclosed prospectus describes the stock offering and the operations of Ottawa Savings Bank. If you wish to purchase stock, please complete the stock order and certification form and mail it, along with full payment for the shares (or appropriate instructions authorizing withdrawal from a deposit account with Ottawa Savings Bank) to Ottawa Savings Bank in the enclosed envelope marked “STOCK ORDER RETURN,” or return it to the main office of the Bank. Your order must be physically received by Ottawa Savings Bank no later than 4:00 p.m., Central Time, on Monday, June 13, 2005.Please read the prospectus carefully before making an investment decision.
If you have any questions after reading the enclosed material, please call our conversion center at xxx-xxx-xxxx, Monday through Friday, between the hours of 10:00 a.m. and 4:00 p.m., Central Time.
|
| Sincerely, |
|
| |
| Gary Ocepek |
| President and Chief Executive Officer |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the prospectus.
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[Ottawa Savings Bancorp, Inc.]
Dear Potential Investor:
We are pleased to provide you with the enclosed material in connection with the stock offering by Ottawa Savings Bancorp, Inc. We are raising capital to support Ottawa Savings Bank’s future growth.
This information packet includes the following:
PROSPECTUS: This document provides detailed information about Ottawa Savings Bank’s operations and the proposed stock offering by Ottawa Savings Bancorp, Inc. Please read it carefully prior to making an investment decision.
STOCK ORDER AND CERTIFICATION FORM: Use this form to subscribe for common stock and return it, together with full payment for the shares (or appropriate instructions authorizing withdrawal from a deposit account with Ottawa Savings Bank) to Ottawa Savings Bank in the enclosed envelope. Your order must be physically received by Ottawa Savings Bank no later than 4:00 p.m., Central Time, on Monday, June 13, 2005.
We are pleased to offer you this opportunity to become one of our charter shareholders. If you have any questions regarding the reorganization or the prospectus, please call our conversion center at xxx-xxx-xxxx, Monday through Friday, between the hours of 10:00 a.m. and 4:00 p.m., Central Time.
|
| Sincerely, |
|
| |
| Gary Ocepek |
| President and Chief Executive Officer |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the prospectus.
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[Sandler O’Neill & Partners, L.P.Letterhead]
Dear Customer of Ottawa Savings Bank:
At the request of Ottawa Savings Bank, we have enclosed material regarding the offering of common stock of Ottawa Savings Bancorp, Inc. in connection with the reorganization of Ottawa Savings Bank from a mutual savings bank into the mutual holding company form of organization. As part of this reorganization, Ottawa Savings Bank will form a mutual holding company to be known as Ottawa Savings Bancorp MHC, and will establish Ottawa Savings Bancorp, Inc. as a majority-owned subsidiary. These materials include a prospectus and a stock order and certification form, which offer you the opportunity to subscribe for shares of common stock of Ottawa Savings Bancorp, Inc.
We recommend that you read this material carefully. If you decide to subscribe for shares, you must return the properly completed and signed stock order and certification form, along with full payment for the shares (or appropriate instructions authorizing withdrawal from a deposit account with Ottawa Savings Bank) to Ottawa Savings Bank in the accompanying YELLOW envelope marked “STOCK ORDER RETURN.” Your order must be physically received by Ottawa Savings Bank no later than 4:00 p.m., Central Time, on Monday, June 13, 2005. If you have any questions after reading the enclosed material, please call the conversion center at xxx-xxx-xxxx, Monday through Friday, between the hours of 10:00 a.m. and 4:00 p.m., Central Time and ask for a Sandler O’Neill representative.
We have been asked to forward these documents to you in view of certain requirements of the securities laws of your jurisdiction. We should not be understood as recommending or soliciting in any way any action by you with regard to the enclosed material.
|
| Sandler O’Neill & Partners, L.P. |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the prospectus.
Enclosure
5
Questions
& Answers
About the
Reorganization
and
Stock Offering
Ottawa Savings Bancorp, Inc. Logo
Proposed holding company for
Ottawa Savings Bank
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QUESTIONS AND ANSWERS
About the Reorganization
The Board of Directors of Ottawa Savings Bank (“Ottawa Savings Bank” or the “Bank”) has unanimously adopted a plan of reorganization and minority stock issuance whereby Ottawa Savings Bank will reorganize from a mutual savings bank into a mutual holding company structure. As part of this reorganization, Ottawa Savings Bank will convert to a stock savings bank and will become a wholly-owned subsidiary of Ottawa Savings Bancorp, Inc., a federal stock corporation, which in turn will be a majority-owned subsidiary of Ottawa Savings Bancorp MHC, a federal mutual holding company. Pursuant to the terms of the plan, Ottawa Savings Bancorp, Inc. will be offering its common stock for sale. We are reorganizing so that Ottawa Savings Bank will be structured in the form of ownership that we believe will best support the Bank’s future growth.
It is necessary for the Bank to receive a majority of the outstanding votes in favor of the plan of reorganization, so YOUR VOTE IS VERY IMPORTANT. Please return your proxy in the enclosed COLOR postage-paid envelope marked “PROXY RETURN.”
YOUR BOARD OF DIRECTORS URGES YOU TO VOTE “FOR” THE PLAN OF REORGANIZATION & RETURN YOUR PROXY TODAY.
Effect on Deposits and Loans
| Q. | Will the reorganization affect any of my deposit accounts or loans? |
| A. | No. The reorganization will have no affect on the balance or terms of any deposit account or loan. Your deposits will continue to be federally insured to the fullest extent permissible. |
About Voting
| Q. | Who is eligible to vote on the reorganization? |
| A. | Depositors of the Bank as of the close of business on April 30, 2005 (the “Voting Record Date”). |
| A. | You may vote by mailing your signed proxy card(s) in the COLOR postage-paid envelope marked “PROXY RETURN.” Should you choose to attend the Special Meeting of Members and decide to change your vote, you may do so by revoking any previously executed proxy. |
| A. | No. Depositors are not required to vote. However, because the reorganization will produce a fundamental change in the Bank’s corporate structure, the Board of Directors encourages all depositors to vote. |
| Q. | Why did I receive several proxies? |
| A. | If you have more than one account, you may have received more than one proxy depending upon the ownership structure of your accounts.Please vote, sign and returnALL proxy cards that you received. |
| Q. | Does my vote for reorganization mean that I must buy common stock of Ottawa Savings Bancorp, Inc.? |
| A. | No. Voting for the plan of reorganization does not obligate you to buy shares of common stock of Ottawa Savings Bancorp, Inc. |
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| Q. | Are two signatures required on the proxy of a joint account? |
| A. | Only one signature is required. |
| Q. | Who must sign proxies for trust or custodian accounts? |
| A. | The trustee or custodian must sign proxies for such accounts, not the beneficiary. |
| Q. | I am the executor (administrator) for a deceased depositor. Can I sign the proxy card? |
| A. | Yes. Please indicate on the card the capacity in which you are signing the card. |
About The Stock
Investment in common stock involves certain risks. For a discussion of these risks and other factors, investors are urged to read the accompanying prospectus.
| Q. | What are the priorities of purchasing the common stock? |
| A. | The common stock of Ottawa Savings Bancorp, Inc. will be offered in the subscription offering in the following order of priority: |
| | • | | Eligible Account Holders (depositors with accounts totaling $50 or more as of December 31, 2003). |
| | • | | Employee Plans (tax-qualified employee stock benefit plans) of Ottawa Savings Bank. |
| | • | | Supplemental Eligible Account Holders (depositors with accounts totaling $50 or more as of March 31, 2005). |
| | • | | Other Members (depositors as of April 30, 2005, “the Voting Record Date”). |
Upon completion of the subscription offering, common stock that is not sold in the Subscription Offering will be offered to certain members of the general public in a community offering and then to the general public in a syndicated community offering.
| Q. | Will any account I hold with Ottawa Savings Bank be converted into stock? |
| A. | No. All accounts remain as they were prior to the reorganization. As an eligible account holder, supplemental eligible account holder or voting member, you receive priority over the general public in exercising your right to subscribe for shares of common stock. |
| Q. | Will I receive a discount on the price of the stock? |
| A. | No. The price of the stock is the same for customers, directors, officers, employees of Ottawa Savings Bank and the general public. |
| Q. | How many shares of stock are being offered, and at what price? |
| A. | Ottawa Savings Bancorp, Inc. is offering for sale 1,345,500 shares of Common Stock at a subscription price of $10.00 per share. Under certain circumstances, Ottawa Savings Bancorp, Inc. may sell up to 1,547,325 shares. |
| Q. | How much stock can I purchase? |
| A. | The minimum purchase is $250 (25 shares). As more fully discussed in the plan of reorganization outlined in the prospectus, the maximum purchase by any person in the subscription or community offering is $170,000 (17,000 shares); no person by himself or herself, with an associate or group of persons acting in concert, may purchase more than $170,000 (17,000 shares) of common stock offered in the offering. |
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| A. | You may subscribe for shares of common stock by completing and returning the stock order and certification form, together with your payment, either in person to any full service office of Ottawa Savings Bank or by mail in the YELLOW envelope marked “STOCK ORDER RETURN.” Stock order forms may not be delivered to a walk up or drive through window located at the Bank’s offices. |
| Q. | How can I pay for my shares of stock? |
| A. | You can pay for the common stock by check, money order or withdrawal from your deposit account at the Bank. |
| Q. | When is the deadline to subscribe for stock? |
| A. | An executed order form and certification form with the required full payment must be physically received by the Bank no later than 4:00 p.m., Central Time, on Monday, June 13, 2005. |
| Q. | Can I subscribe for shares using funds in my IRA/Qualified Retirement Plan at the Bank? |
| A. | Federal regulations do not permit the purchase of common stock with your existing IRA or Qualified Retirement Plan at the Bank. To use such funds to subscribe for common stock, you need to establish a “self-directed” trust account with an outside trustee. Please call our conversion center if you require additional information. TRANSFER OF SUCH FUNDS TAKES TIME, SO PLEASE MAKE ARRANGEMENTS AS SOON AS POSSIBLE. |
| Q. | Can I subscribe for shares and add someone else who is not on my account to my stock registration? |
| A. | No. Federal regulations prohibit the transfer of subscription rights. Adding the names of other persons who are not owners of your qualifying account(s) will result in the loss of your subscription rights. |
| Q. | Can I subscribe for shares in my name alone if I have a joint account? |
| Q. | Am I guaranteed to receive shares by placing an order? |
No. It is possible that orders received during the offering period will exceed the number of shares being sold. Such an oversubscription would result in shares being allocated among subscribers starting with subscribers who are eligible account holders. If the offering is oversubscribed in the subscription offering, no orders received in the community offering will be filled. Please refer to the section of the prospectus entitled “The Reorganization and Stock Offering – Subscription Offering and Subscription Rights.”
| Q. | Will payments for common stock earn interest until the reorganization closes? |
| A. | Yes. Any payments made by check or money order will earn interest at the Bank’s passbook rate from the date of receipt to the completion or termination of the reorganization. Withdrawals from a deposit account or a certificate of deposit at the Bank to buy common stock may be made without penalty. Depositors who elect to pay for their common stock by a withdrawal authorization will receive interest at the contractual rate on the account until the completion or termination of the offering. |
| Q. | Will dividends be paid on the stock? |
| A. | After the offering, we intend to adopt a policy of paying regular cash dividends, but have not yet decided on the amount or frequency of payments or when the payments may begin. |
| Q. | Will my stock be covered by deposit insurance? |
| A. | No. The common stock cannot be insured by the Bank Insurance Fund or the Savings Bank Insurance Fund of the FDIC or any other government agency nor is it insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, or Ottawa Savings Bancorp, Inc. |
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| Q. | Where will the stock be traded? |
| A. | Upon completion of the reorganization, Ottawa Savings Bancorp, Inc. expects the stock to be quoted on the Nasdaq SmallCap Market under the symbol “OTSB”; however, if the offering results in a number of shares sold which does not meet the Nasdaq SmallCap Market’s quantitative listing requirements, the stock will be quoted on the OTC Bulletin Board. |
| Q. | Can I change my mind after I place an order to subscribe for stock? |
| A. | No. After receipt, your order may not be modified or withdrawn. |
Additional Information
| Q. | What if I have additional questions or require more information? |
| A. | Ottawa Savings Bank’s proxy statement and prospectus describe the reorganization in detail. Please read the proxy statement and prospectus carefully before voting or subscribing for stock. If you have any questions after reading the enclosed material you may call our conversion center at xxx-xxx-xxxx, Monday through Friday, between the hours of 10:00 a.m. and 4:00 p.m., Central Time. Additional material may only be obtained from the conversion center.To ensure that each purchaser in the subscription and community offering receives a prospectus at least 48 hours before the applicable expiration date, in accordance with Rule 15c2-8 of the Securities Exchange Act of 1934, as amended, no prospectus will be mailed any later than five days prior to such date or hand delivered any later than two days prior to such date. |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the prospectus.
10
[Ottawa Savings Bank]
Dear Member:
As a follow-up to our recent mailing, this is to remind you that your vote is very important.
The Board of Directors of Ottawa Savings Bank has voted unanimously in favor of a plan of reorganization and minority stock issuance to reorganize from a mutual savings bank into the mutual holding company form of organization. As part of this reorganization, Ottawa Savings Bank will form a mutual holding company to be known as Ottawa Savings Bancorp MHC, and will establish Ottawa Savings Bancorp, Inc. as a majority-owned subsidiary. We are reorganizing so that Ottawa Savings Bank will be structured in the form of ownership that we believe will best support the Bank’s future growth.
To accomplish the reorganization, your participation is extremely important. On behalf of the Board, I ask that you help us meet our goal by casting your vote in favor of the plan of reorganization and mailing your signed proxy card immediately in the enclosed postage-paid envelope marked “PROXY RETURN.” Should you choose to attend the Special Meeting of Members and wish to vote in person, you may do so by revoking any previously executed proxy. If you have an IRA or other Qualified Retirement Plan account for which Ottawa Savings Bank acts as trustee and we do not receive a proxy from you, Ottawa Savings Bank, as trustee for such account, intends to vote in favor of the plan of reorganization on your behalf.If you have more than one account, you may receive more than one proxy. Please vote by returning all proxy cards received.
If the plan of reorganization is approved, let me assure you that:
| | • | | deposit accounts will continue to be federally insured to the same extent permitted by law; |
| | • | | existing deposit accounts and loans will not undergo any change; and |
| | • | | voting for approval will not obligate you to buy any shares of common stock. |
If you have any questions after reading the enclosed material, please call our conversion center at xxx-xxx-xxxx, Monday through Friday, between the hours of 10:00 a.m. and 4:00 p.m., Central Time.
|
| Sincerely, |
|
| |
| Gary Ocepek |
| President and Chief Executive Officer |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the prospectus.
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PROXY REQUEST
Logo
WE NEED YOUR VOTE
Dear Customer of Ottawa Savings Bank:
Your vote on our plan of reorganization has not yet been received. Your vote isvery important to us. Please vote and mail the enclosed proxy today. If you have more than one account you may receive more than one proxy. Please complete and mail all proxies you receive.
Remember:Voting does not obligate you to buy stock. Your Board of Directors has approved the plan of reorganization and urges you to vote in favor of it. Your deposit accounts or loans with Ottawa Savings Bank will not be affected in any way. Deposit accounts will continue to be federally insured to the legal maximum.
A postage-paid envelope is enclosed with the proxy form. If you have any questions, please call our conversion center at xxx-xxx-xxxx.
|
| Sincerely, |
|
| |
| Gary Ocepek |
| President and Chief Executive Officer |
Please vote today by returningall proxy forms received.
If you have more than one account, you may receive more than one proxy.
Please complete and mail all proxies you receive.
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Logo
Please Support Us
Vote Your Proxy Card Today
If you have more than one account, you may have received more than one proxy depending upon the ownership structure of your accounts. Please vote, sign and return all proxy cards that you received.
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[Ottawa Savings Bancorp, Inc.]
, 2005
Dear :
We are pleased to announce that the Board of Directors of Ottawa Savings Bank has voted in favor of a plan of reorganization and minority stock issuance to reorganize from a mutual savings bank into the mutual holding company form of organization. As part of this reorganization, Ottawa Savings Bank will form a mutual holding company to be known as Ottawa Savings Bancorp MHC, and will establish Ottawa Savings Bancorp, Inc. as a majority-owned subsidiary. Ottawa Savings Bancorp, Inc. will be the parent corporation of Ottawa Savings Bank. We are reorganizing so that Ottawa Savings Bank will be structured in the form of ownership that we believe will best support the Bank’s future growth.
To learn more about the reorganization and stock offering you are cordially invited to join members of our senior management team at a community meeting to be held on at 7:00 p.m.
A member of our staff will be calling to confirm your interest in attending the meeting.
If you would like additional information regarding the meeting or our reorganization, please call our conversion center at xxx-xxx-xxxx, Monday through Friday between the hours of 10:00 a.m. to 4:00 p.m., Central Time.
|
| Sincerely, |
|
| |
| Gary Ocepek |
| President and Chief Executive Officer |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the prospectus.
(Printed by Conversion Center)
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[Ottawa Savings Bancorp, Inc.]
, 2005
Dear Subscriber:
We hereby acknowledge receipt of your order for shares of common stock in Ottawa Savings Bancorp, Inc.
At this time, we cannot confirm the number of shares of Ottawa Savings Bancorp, Inc. common stock that will be issued to you. Such allocation will be made in accordance with the plan of reorganization and minority stock issuance following completion of the stock offering.
If you have any questions, please call our conversion center at xxx-xxx-xxxx.
|
| Sincerely, |
|
| |
| Ottawa Savings Bancorp, Inc. |
Conversion Center |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
(Printed by Conversion Center)
15
[Ottawa Savings Bancorp, Inc.]
, 2005
Dear Charter Shareholder:
Our subscription offering has been completed and we are pleased to confirm your subscription for shares at a price of $10.00 per share. If your subscription was paid for by check, interest and any refund due to you will be mailed promptly.
The closing of the transaction occurred on , 2005; this is your stock purchase date. Trading will commence on the Nasdaq SmallCap Market under the symbol “OTSB” on , 2005.
Thank you for your interest in Ottawa Savings Bancorp, Inc. Your stock certificate will be mailed to you shortly.
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
(Printed by Conversion Center)
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[Ottawa Savings Bancorp, Inc.]
, 2005
Dear Interested Investor:
We recently completed our subscription and community offerings. Unfortunately, due to the response from our Eligible Account Holders, stock was not available for our Supplemental Eligible Account Holders, Other Members or community friends. If your subscription was paid for by check, a refund of any balance due you with interest will be mailed to you promptly.
We appreciate your interest in Ottawa Savings Bancorp, Inc. and hope you become an owner of our stock in the future. The stock trades on the Nasdaq SmallCap Market under the symbol “OTSB”.
|
| Sincerely, |
|
| |
Ottawa Savings Bancorp, Inc. |
Conversion Center |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
(Printed by Conversion Center)
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[Ottawa Savings Bancorp, Inc.]
, 2005
Welcome Shareholder:
We are pleased to enclose the stock certificate that represents your share of ownership in Ottawa Savings Bancorp, Inc., the holding company of Ottawa Savings Bank and a majority-owned subsidiary of Ottawa Savings Bancorp MHC. The shares of common stock will be quoted on the Nasdaq SmallCap Market under the symbol “OTSB”
Please examine your stock certificate to be certain that it is properly registered. If you have any questions about your certificate, you should contact the Transfer Agent immediately at the following address:
Registrar and Transfer Company
Investor Relations Department
10 Commerce Drive
Cranford, New Jersey 07016-3572
1 (800) 368-5948
email: info@rtco.com
Also, please remember that your certificate is a negotiable security which should be stored in a secure place, such as a safe deposit box or on deposit with your stockbroker.
On behalf of the Board of Directors of Ottawa Savings Bancorp, Inc., Ottawa Savings Bancorp MHC, Ottawa Savings Bank and our employees, I would like to thank you for supporting our offering.
|
| Sincerely, |
|
| |
| Gary Ocepek |
| President and Chief Executive Officer |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
(Printed by Conversion Center)
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[Ottawa Savings Bancorp, Inc.]
, 2005
Dear Interested Subscriber:
We regret to inform you that Ottawa Savings Bank and Ottawa Savings Bancorp, Inc., the holding company for Ottawa Savings Bank, have decided not to accept your order for shares of Ottawa Savings Bancorp, Inc. common stock in our community offering. This action is in accordance with our plan of reorganization and minority stock issuance which gives Ottawa Savings Bank and Ottawa Savings Bancorp, Inc. the absolute right to reject the subscription of any community member, in whole or in part, in the community offering.
Enclosed is a check representing your subscription and interest earned thereon.
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| Sincerely, |
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| Ottawa Savings Bancorp, Inc. |
Conversion Center |
(Printed by Conversion Center)
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[Sandler O’Neill & Partners, L. P.Letterhead]
, 2005
To Our Friends:
We are enclosing the offering material for Ottawa Savings Bancorp, Inc., a majority-owned subsidiary of Ottawa Savings Bancorp MHC and the proposed holding company for Ottawa Savings Bank, which is now in the process of reorganizing into a mutual holding company.
Sandler O’Neill & Partners, L.P. is managing the subscription offering, which will conclude at 4:00 p.m., Central Time, on Monday, June 13, 2005. Sandler O’Neill is also providing conversion agent and proxy solicitation services for Ottawa Savings Bank. In the event that all the stock is not sold in the subscription offering and community offering, Sandler O’Neill will form and manage a syndicated community offering to sell the remaining stock.
Members of the general public, other than residents of [Insert states not cleared in], are eligible to participate. If you have any questions about this transaction, please do not hesitate to call.
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| Sincerely, |
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Sandler O’Neill & Partners, L.P. |
The shares of common stock offered in the reorganization are not savings accounts or deposits and are not insured or guaranteed by Ottawa Savings Bank, Ottawa Savings Bancorp MHC, Ottawa Savings Bancorp, Inc., the Federal Deposit Insurance Corporation or any other government agency.
This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the prospectus.
(Printed by Sandler O’Neill)
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