(KPMG Peat Marwick LLP Logo) 1600 Market Street Telephone 215-299-3100 Telefax 215-299-3150 Philadelphia, PA 19103-7212 Telex 497-3852 September 21, 1998 Securities and Exchange Commission Washington, D.C. 20549 Ladies and Gentlemen: We were previously principal accountants for Prime Bancorp, Inc., and, under the date of January 16, 1998, we reported on the consolidated financial statements of Prime Bancorp, Inc. and subsidiaries as of and for the years ended December 31, 1997 and 1996. On September 17, 1998, our appointment as principal accountants was terminated. We have read Prime Bancorp's statements included under Item 4 of its Form 8-K dated September 21, 1998, and we agree with such statements. Very truly yours, /s/ KPMG Peat Marwick LLP