Exhibit 99.4
September ___ ,1999
Dear Member:
We are pleased to announce that IGA Federal Savings ("IGA")
is converting from a federal mutual savings bank to a federal
capital stock savings bank and will become a wholly-owned
subsidiary of a new holding company, Jade Financial Corp. ("Jade
Financial"). In connection with the conversion, Jade Financial
is offering shares of its common stock in a subscription offering
pursuant to a Plan of Conversion.
Unfortunately, Jade Financial is unable to either offer or
sell its common stock to you because the small number of eligible
subscribers in your jurisdiction makes registration or
qualification of the common stock under the securities laws of
your jurisdiction impractical, for reasons of cost or otherwise.
Accordingly, this letter should not be considered an offer to
sell or a solicitation of an offer to buy the common stock of
Jade Financial.
However, as a member of IGA you have the right to vote on
the Plan of Conversion at the Special Meeting of Members to be
held on __________________, 1999. Therefore, enclosed is a Proxy
Card, a Proxy Statement (which includes the Notice of the Special
Meeting) and a Prospectus (which contains information
incorporated into the Proxy Statement), including a complete
discussion of the offering and a return envelope for your Proxy
Card.
I invite you to attend the Special Meeting on
______________, 1999. However, whether or not you are able to
attend, please complete the enclosed Proxy Card and return it in
the enclosed envelope to ensure your vote is counted at the
Special Meeting.
Sincerely,
Mario L. Incollingo, Jr.
President and Chief Executive
Officer
<PAGE 1>
September ___, 1999
Dear Member:
We are pleased to announce that IGA Federal Savings ("IGA")
is converting from a federal mutual savings bank to a federal
capital stock savings bank and will become a wholly-owned
subsidiary of a new holding company, Jade Financial Corp. ("Jade
Financial"). In connection with the conversion, Jade Financial
is offering shares of its common stock in a subscription offering
pursuant to a Plan of Conversion.
To accomplish the conversion, we need your participation in
an important vote. Enclosed is a proxy statement describing the
Plan of Conversion and your voting and subscription rights. The
Plan has been approved by the Office of Thrift Supervision and
now must be approved by you. YOUR VOTE IS VERY IMPORTANT.
Enclosed, as part of the material, is your proxy card which
is located behind the window of your mailing envelope. This
proxy card needs to be signed and returned to us prior to the
Special Meeting to be held on __________________, 1999. Please
take a moment to sign all of the enclosed proxy cards and return
them to us in the postage-paid envelope provided. FAILURE TO
VOTE HAS THE SAME EFFECT AS VOTING AGAINST THE PLAN.
The Board of Directors believes the conversion will offer a
number of advantages such as an opportunity for depositors and
certain borrowers of IGA to become shareholders. Please
remember:
Your accounts at IGA will continue to be insured up to
the maximum legal limit by the Federal Deposit
Insurance Corporation ("FDIC").
There will be no change in the balance, interest rate,
or maturity of any deposit accounts because of the
conversion.
Members have a right, but no obligation, to buy Jade
Financial common stock and may do so without a
commission or fee before it is offered to the general
public.
<PAGE 2>
Like all stock, shares of Jade Financial common stock
issued in this offering will not be insured by the
FDIC.
Enclosed is a prospectus containing a complete discussion of
the stock offering. We urge you to read this material carefully.
If you are interested in purchasing Jade Financial common stock,
your enclosed Stock Order and Certification Form and payment for
the shares must be received by IGA prior to 12:00 Noon, EST, on
September ___, 1999.
If you have additional questions regarding the stock
offering, please call us at (_____) _____-_________, Monday from
10:00 am to 4:00 pm and Tuesday through Friday from 8:00 am to
4:00 pm, EST, or stop by the Stock Information Center located at
213 West Street in Feasterville.
Sincerely,
Mario L. Incollingo, Jr.
President and Chief Executive
Officer
THE SHARES OF COMMON STOCK BEING OFFERED ARE NOT SAVINGS ACCOUNTS
OR DEPOSITS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND, THE SAVINGS ASSOCIATION
INSURANCE FUND, OR ANY OTHER GOVERNMENT AGENCY.
<PAGE 3>
[CHARLES WEBB & COMPANY LETTERHEAD]
To Members and Friends of IGA Federal Savings
Charles Webb & Company, a division of Keefe, Bruyette & Woods,
Inc., a member of the National Association of Securities Dealers,
Inc. ("NASD"), is assisting IGA Federal Savings ("IGA") in its
conversion from a federal mutual savings bank to a federal
capital stock savings bank which will become a wholly-owned
subsidiary of a new holding company, Jade Financial Corp. ("Jade
Financial"). In connection with the conversion, Jade Financial
is offering shares of its common stock in a subscription offering
pursuant to a Plan of Conversion. At the request of Jade
Financial, we are enclosing materials explaining this process and
your options, including an opportunity to invest in shares of
Jade Financial common stock, which is being offered to customers
through 12:00 Noon, EST, on September _____, 1999. Please read
carefully the enclosed offering materials, including the
Prospectus, for a complete discussion of the stock offering.
Jade Financial has asked us to forward these documents to you in
accordance with certain requirements of the securities laws in
your state.
Should you have any questions, please call us at (_____)
_________, Monday from 10:00 am to 4:00 pm and Tuesday through
Friday from 8:00 am to 4:00 pm, EST, or stop by the Stock
Information Center located at 213 West Street in Feasterville.
Very truly yours,
Charles Webb & Company
THE SHARES OF COMMON STOCK BEING OFFERED ARE NOT SAVINGS ACCOUNTS
OR DEPOSITS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND, THE SAVINGS ASSOCIATION
INSURANCE FUND, OR ANY GOVERNMENT AGENCY.
<PAGE 4>
September __, 1999
Dear Friend:
We are pleased to announce that IGA Federal Savings ("IGA")
is converting from a federal mutual savings bank to a federal
capital stock savings bank and will become a wholly-owned
subsidiary of a new holding company, Jade Financial Corp. ("Jade
Financial"). In connection with the conversion, Jade Financial
is offering shares of its common stock in a subscription offering
pursuant to a Plan of Conversion.
Because of your subscription rights as a former member of
IGA, we are sending you the following materials which describe
the stock offering.
PROSPECTUS: This document provides detailed information
about IGA's operations and the proposed stock offering.
STOCK ORDER AND CERTIFICATION FORM: This form is used to
purchase Jade Financial common stock by returning it with
your payment in the enclosed business reply envelope. The
deadline for ordering common stock is 12:00 Noon, EST, on
September ___, 1999.
As a former depositor of IGA, you have the opportunity to
buy stock directly from Jade Financial Corp. in the conversion
without a commission or a fee. If you have additional questions
regarding the stock offering, please call us at (_____) _____-
_________, Monday from 10:00 am to 4:00 pm and Tuesday through
Friday from 8:00 am to 4:00 pm, EST, or stop by the Stock
Information Center located at 213 West Street in Feasterville.
Sincerely,
Mario L. Incollingo, Jr.
President and Chief Executive
Officer
THE SHARES OF COMMON STOCK BEING OFFERED ARE NOT SAVINGS ACCOUNTS
OR DEPOSITS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND, THE SAVINGS ASSOCIATION
INSURANCE FUND, OR ANY OTHER GOVERNMENT AGENCY.
<PAGE 5>
September ___, 1999
Dear Prospective Investor:
We are pleased to announce that IGA Federal Savings ("IGA")
is converting from a federal mutual savings bank to a federal
capital stock savings bank and will become a wholly-owned
subsidiary of a new holding company, Jade Financial Corp. ("Jade
Financial"). In connection with the conversion, Jade Financial
is offering shares of its common stock in a subscription offering
pursuant to a Plan of Conversion.
We have enclosed the following materials that will help you
learn more about the merits of Jade Financial common stock as an
investment. Please read and review the materials carefully.
PROSPECTUS: This document provides detailed
information about IGA's operations and a complete
discussion on the proposed stock offering.
STOCK ORDER AND CERTIFICATION FORM: This form is used
to purchase Jade Financial common stock by returning it
with your payment in the enclosed business reply
envelope. The deadline for ordering common stock is
12:00 Noon, EST, on September ___, 1999.
We invite you and other local community members to become
charter shareholders of Jade Financial. Through this offering
you have the opportunity to buy stock directly from Jade
Financial without a commission or a fee. The Board of Directors
and Senior Management of IGA fully support the stock offering.
If you have additional questions regarding the stock
offering, please call us at (_____) _____-_________, Monday from
10:00 am to 4:00 pm and Tuesday through Friday from 8:00 am to
4:00 pm, EST, or stop by the Stock Information Center located at
213 West Street in Feasterville.
Sincerely,
Mario L. Incollingo, Jr.
President and Chief Executive
Officer
<PAGE 6>
THE SHARES OF COMMON STOCK BEING OFFERED ARE NOT SAVINGS ACCOUNTS
OR DEPOSITS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND, THE SAVINGS ASSOCIATION
INSURANCE FUND, OR ANY OTHER GOVERNMENT AGENCY.
<PAGE 7>