EXHIBIT 99.2
TRANSMITTAL LETTERS
XXXX xx, 1997
Dear Member:
We are pleased to announce that Guaranty and Savings Homestead Association
(the "Association") is converting from a federally chartered mutual savings
association to a federally chartered stock savings association (the
"Conversion"). In conjunction with the Conversion, GS Financial Corp., the
newly-formed corporation that will serve as holding company for the
Association, is offering shares of common stock in a subscription offering.
Unfortunately, GS Financial Corp. is unable to either offer or sell its common
stock to you because you reside in a state of the United States or in a foreign
country with respect to which any of the following circumstances apply: (i) a
small number of persons otherwise eligible to subscribe for shares reside in
your state or foreign country; (ii) the granting of subscription rights or offer
or sale of shares to you would require the Association, GS Financial Corp., or
its employees to register, under the securities laws of your state or foreign
country, as a broker or dealer or to register or otherwise qualify the shares
for sale in your state or foreign country; or (iii) such registration or
qualification would be impracticable for reasons of cost or otherwise.
However, as a member of the Association, you have the right to vote on the Plan
of Conversion at the Special Meeting of Members to be held on XXXX xx, 1997.
Therefore, enclosed is a proxy card, a Proxy Statement (which includes the
Notice of the Special Meeting), Prospectus (which contains information
incorporated into the Proxy Statement) and a return envelope for your proxy
card.
You may attend the Special Meeting on XXXX xx, 1997. However, whether or not
you are able to attend, please complete the enclosed proxy card and return it in
the enclosed envelope.
Sincerely,
Donald C. Scott
Chairman, President and Chief Executive Officer
THE STOCK OFFERED IN THE CONVERSION IS NOT A DEPOSIT OR ACCOUNT AND IS NOT
FEDERALLY INSURED OR GUARANTEED. THIS IS NOT AN OFFER TO SELL OR A SOLICIATION
OF AN OFFER TO BUY STOCK. THE OFFER WILL BE MADE ONLY BY THE PROSPECTUS
ACCOMPANIED BY A STOCK ORDER FORM AND CERTIFICATION FORM.
Charles Webb & Company
A DIVISION OF
KEEFE, BRUYETTE & WOODS, INC.
To Members and Friends of
Guaranty and Savings Homestead Association
- --------------------------------------------------------------------------------
Charles Webb & Company, a member of the National Association of Securities
Dealers, Inc. ("NASD"), is assisting Guaranty and Savings Homestead
Association (the "Association") in its conversion from a federally chartered
mutual savings association to a federally chartered stock savings association
and the concurrent offering of shares of common stock by GS Financial Corp.
(the "Company"), the newly formed corporation that will serve as holding
company for the Association following the conversion.
At the request of the Company, we are enclosing materials explaining this
process and your options, including an opportunity to invest in shares of the
Company's common stock being offered to customers through XXXX xx, 1997.
Please read the enclosed offering materials carefully. The Company has asked
us to forward these documents to you in view of certain requirements of the
securities laws in your state.
If you have any questions, please visit our Stock Information Center at 3798
Veterans Boulevard, Metairie, Louisiana or feel free to call the Stock
Information Center at (504) 457-xxxx.
Very truly yours,
Charles Webb & Company
THE STOCK OFFERED IN THE CONVERSION IS NOT A DEPOSIT OR ACCOUNT AND IS NOT
FEDERALLY INSURED OR GUARANTEED. THIS IS NOT AN OFFER TO SELL OR A
SOLICIATION OF AN OFFER TO BUY STOCK.
- -------------------- Investment Bankers and Financial Advisors ----------------
XXXX xx, 1997
Dear Member:
We are pleased to announce that Guaranty and Savings Homestead Association
(the "Association") is converting from a federally chartered mutual savings
association to a federally chartered stock savings association (the
"Conversion"). In conjunction with the Conversion, GS Financial Corp., the
newly-formed corporation that will serve as holding company for the
Association, is offering shares of common stock in a subscription offering to
certain of our depositors and borrowers, and to our Employee Stock Ownership
Plan pursuant to a Plan of Conversion.
To accomplish this 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. GS Financial Corp.'s Plan of Conversion 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 proxy material, is your proxy card located behind the
window of your mailing envelope. This proxy should be signed and returned to us
prior to the Special Meeting scheduled for XXXX xx, 1997. Please take a moment
to sign the enclosed proxy card and return it to us in the postage-paid envelope
provided. FAILURE TO VOTE HAS THE SAME EFFECT AS VOTING AGAINST THE CONVERSION.
The Board of Directors of the Association feels that the Conversion will offer
a number of advantages, such as an opportunity for depositors and customers of
the Association to become shareholders. Please remember:
- Your accounts at the Association 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 stock before it is
offered to the public.
- Like all stock, stock issued in this offering will not be insured by
the FDIC.
Enclosed are materials describing the stock offering. We urge you to read these
materials carefully. If you are interested in purchasing the common stock of GS
Financial Corp., you must submit your Stock Order Form and Certification Form
and payment prior to 0:00 p.m., Central Time, on XXXX xx, 1997.
If you have additional questions regarding the stock offering, please call us at
(504) 457-xxxx, Monday through Friday from 9:00 a.m. to 4:00 p.m. or stop by the
Stock Information Center located at 3798 Veterans Boulevard in Metairie,
Louisiana.
Sincerely,
Donald C. Scott
Chairman, President and Chief Executive Officer
THE STOCK OFFERED IN THE CONVERSION IS NOT A DEPOSIT OR ACCOUNT AND IS NOT
FEDERALLY INSURED OR GUARANTEED. THIS IS NOT AN OFFER TO SELL OR A SOLICIATION
OF AN OFFER TO BUY STOCK. THE OFFER WILL BE MADE ONLY BY THE PROSPECTUS
ACCOMPANIED BY A STOCK ORDER FORM AND CERTIFICATION FORM.
XXXX xx, 1997
Dear Friend:
We are pleased to announce that Guaranty and Savings Homestead Association
(the "Association") is converting from a federally chartered mutual savings
association to a federally chartered stock savings association (the
"Conversion"). In conjunction with the Conversion, GS Financial Corp., the
newly-formed corporation that will serve as holding company for the
Association, is offering shares of common stock in a subscription offering.
The sale of stock in connection with the Conversion will enable the
Association to raise additional capital to support and enhance its current
operations.
Because of your subscription rights as a former member of the Association, we
are sending you the following materials which describe the stock offering.
PROSPECTUS: This document provides detailed information about
operations at the Association and the proposed stock offering.
QUESTIONS AND ANSWERS: Key questions and answers about the stock
offering are found in this pamphlet.
STOCK ORDER FORM AND CERTIFICATION FORM: This form is used to
purchase stock by returning it with your payment in the enclosed
business reply envelope. The deadline for ordering stock is x:00
p.m., Central Time, on XXXX xx, 1997.
As a former member of the Association, you will have the opportunity to buy
stock directly from GS Financial Corp. in the Conversion without commission
or fee. If you have additional questions regarding the Conversion and stock
offering, please call us at (504) 457-xxxx, Monday through Friday from 9:00
a.m. to 4:00 p.m. or stop by the Stock Information Center at 3798 Veterans
Boulevard in Metairie, Louisiana.
We are pleased to offer you this opportunity to become a charter shareholder
of GS Financial Corp.
Sincerely,
Donald C. Scott
Chairman, President and Chief Executive Officer
THE STOCK OFFERED IN THE CONVERSION IS NOT A DEPOSIT OR ACCOUNT AND IS NOT
FEDERALLY INSURED OR GUARANTEED. THIS IS NOT AN OFFER TO SELL OR A SOLICIATION
OF AN OFFER TO BUY STOCK. THE OFFER WILL BE MADE ONLY BY THE PROSPECTUS
ACCOMPANIED BY A STOCK ORDER FORM AND CERTIFICATION FORM.
XXXXXX,1997
Dear Prospective Investor:
We are please to announce that Guaranty and Savings Homestead
Association (the "Association") is converting from a federally charted mutual
savings association to a federally chartered stock savings association (the
"Conversion"). In conjunction with the Conversion, GS Financial Corp., the
newly-formed corporation that will serve as holding company for the
Association, is offering shares of common stock in a subscription offering
and community offering. The sale of stock in connection with the Conversion
will enable the Association to raise additional capital to support and
enhance its current operations.
We have enclosed the following materials which will help you learn more
about the merits of GS Financial Corp.'s common stock as an investment.
Please read and review the materials carefully.
PROSPECTUS: This document provides detailed information about
operations at the Association and the proposed stock offering.
QUESTIONS AND ANSWERS: Key questions and answers about the stock
offering are found in this pamphlet.
STOCK ORDER FORM: This form is used to purchase stock by returning
it with your payment in the enclosed business reply envelope. The deadline
for ordering stock is x:00 p.m., XXXXXX, 1997.
CERTIFICATION FORM: This form must be completed and returned with the
stock order form in the enclosed business reply envelope if you wish to
purchase stock.
We invite our loyal customers and local community members to become
charter shareholders of GS Financial Corp.. Through this offering you have
the opportunity to buy stock directly from GS Financial Corp., without
commission or fee. The board of directors and senior management of the
Association fully support the stock offering.
If you have additional questions regarding the Conversion and stock
offering, please call us at (504) 457-XXXX, Monday through Friday from 9:00
a.m. to 4:00 p.m. or stop by the Stock Information Center located at 3798
Veterans Boulevard in Metairie, Louisiana.
Sincerely,
Donald C. Scott
Chairman, 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
ASSOCIATION INSURANCE FUND. THE SAVINGS ASSOCIATION INSURANCE FUND OR ANY
OTHER GOVERNMENTAL AGENCY. THIS IS NOT AN OFFER TO SELL OR A SOLICITATION OF
AN OFFER TO BUY STOCK. THE OFFER IS MADE ONLY BY THE PROSPECTUS.