Exhibit 99.2
November xx, 2000
Dear Member:
We are pleased to announce that Lawrence Federal Savings Bank is converting from
the mutual to the stock form of organization. In connection with the Conversion,
Lawrence Financial Holdings, Inc., the newly-formed holding company for Lawrence
Federal, is offering common shares in a subscription offering 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. The 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 materials, is your proxy card, the detachable
section on top of the order form having your name and address. This proxy card
should be signed and returned to us prior to the Special Meeting of Members to
be held on December xx, 2000. Please take a moment now 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 believes the conversion will offer a number of advantages
such as an opportunity for depositors and certain borrowers of Lawrence Federal
to become shareholders. Please remember:
o Your deposit accounts will continue to be insured up to the maximum
legal limit by the Federal Deposit Insurance Corporation.
o There will be no change in the balance, interest rate, or maturity of
any deposit accounts because of the conversion.
o Members have a right, but not an obligation, to buy Lawrence Financial
common stock and may do so without a commission or fee before it is
offered to the general public.
o Like all stock, shares of Lawrence 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
the common shares of Lawrence Financial, you must submit your stock order and
certification form and payment prior to 12:00 Noon, Eastern time, on December
xx, 2000.
If you have additional questions regarding the offering, please call us at (740)
xxx-xxxx, Monday through Friday, or stop by our Stock Information Center located
at 311 South Fifth Street, Ironton, Ohio.
Sincerely,
Jack L. Blair
President and Chief Executive Officer
THE SHARES OF COMMON STOCK BEING OFFERED IN THIS OFFERING ARE NOT SAVINGS
ACCOUNTS OR DEPOSITS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND OR THE SAVINGS ASSOCIATION INSURANCE FUND
OR ANY OTHER GOVERNMENT AGENCY. THIS IS NOT AN OFFER TO SELL OR A SOLICITATION
OF AN OFFER TO BUY SHARES. THE OFFER IS MADE ONLY BY THE PROSPECTUS.
November xx, 2000
Dear Friend:
We are pleased to announce that Lawrence Federal Savings Bank is converting from
the mutual to the stock form of organization. In connection with the conversion,
Lawrence Financial, the newly-formed holding company for Lawrence Federal, is
offering common shares in a subscription offering pursuant to a Plan of
Conversion.
Because of your subscription rights as a former member of Lawrence Federal, we
are sending you the following materials which describe the stock offering.
PROSPECTUS: This document provides detailed information about Lawrence
Federal's operations and the proposed stock offering.
STOCK ORDER 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 12:00 Noon, Eastern time,
on _____________, 2000.
As a former depositor of Lawrence Federal, you will have the opportunity to buy
common shares directly from Lawrence Financial in the offering without paying a
commission or fee. If you have additional questions regarding the conversion and
offering, please call us at (740) xxx-xxxx Monday through Friday, or stop by our
Stock Information Center located at 311 South Fifth Street, Ironton, Ohio.
We are pleased to offer you this opportunity to become a shareholder of Lawrence
Financial Holdings, Inc.
Sincerely,
Jack L. Blair
President and Chief Executive Officer
THE SHARES OF COMMON STOCK BEING OFFERED IN THIS OFFERING ARE NOT SAVINGS
ACCOUNTS OR DEPOSITS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND OR THE SAVINGS ASSOCIATION INSURANCE FUND
OR ANY OTHER GOVERNMENT AGENCY. THIS IS NOT AN OFFER TO SELL OR A SOLICITATION
OF AN OFFER TO BUY SHARES. THE OFFER IS MADE ONLY BY THE PROSPECTUS.
November xx, 2000
Dear Prospective Investor:
We are pleased to announce that Lawrence Federal Savings Bank is converting from
the mutual to the stock form of organization. In connection with the conversion,
Lawrence Financial Holdings, Inc., the newly-formed holding company for Lawrence
Federal, is offering common shares in a subscription offering pursuant to a Plan
of Conversion.
We have enclosed the following materials which will help you learn more about
the merits of Lawrence Financial common shares as an investment. Please read and
review the materials carefully.
PROSPECTUS: This document provides detailed information about Lawrence
Federal's operations and the proposed stock offering.
STOCK ORDER AND CERTIFICATION FORM: This form is used to purchase
common shares by returning it with your payment in the enclosed
business reply envelope. The deadline for ordering common shares is
12:00 Noon, Eastern time, on December xx, 2000.
We invite our loyal customers and members of the general public to become
shareholders of Lawrence Financial. Through this offering you have the
opportunity to buy common shares directly from Lawrence Financial without paying
a commission or fee. The board of directors and senior management of Lawrence
Federal fully support the offering.
If you have additional questions regarding the offering, please call us at (740)
xxx-xxxx, Monday through Friday, or stop by our Stock Information Center located
at 311 South Fifth Street, Ironton, Ohio.
Sincerely,
Jack L. Blair
President and Chief Executive Officer
THE SHARES OF COMMON STOCK BEING OFFERED IN THIS OFFERING ARE NOT SAVINGS
ACCOUNTS OR DEPOSITS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND OR THE SAVINGS ASSOCIATION INSURANCE FUND
OR ANY OTHER GOVERNMENT AGENCY. THIS IS NOT AN OFFER TO SELL OR A SOLICITATION
OF AN OFFER TO BUY SHARES. THE OFFER IS MADE ONLY BY THE PROSPECTUS.
[GRAPHIC OMITTED] [LETTERHEAD OF KEEFE, BRUYETTE & WOODS, INC.]
To Members and Friends of
Lawrence Federal Savings Bank
- --------------------------------------------------------------------------------
Keefe, Bruyette & Woods, Inc. a member of the National Association of Securities
Dealers, Inc. ("NASD"), is assisting Lawrence Federal Savings Bank in converting
from the mutual to the stock form of organization which will then become a
wholly-owned subsidiary of a new holding company, Lawrence Financial Holdings,
Inc. In connection with the conversion, Lawrence Financial is offering shares of
its common stock in a subscription offering pursuant to a Plan of Conversion.
At the request of Lawrence Financial, we are enclosing materials explaining this
process and your options, including an opportunity to invest in shares of
Lawrence Financial common stock being offered to customers of Lawrence Federal
until 12:00 Noon, Eastern time, on December XX, 2000. Please read carefully the
enclosed offering materials, including the prospectus, for a complete discussion
of the stock offering. Lawrence Financial 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 located at
311 South Fifth Street, Ironton, Ohio, or feel free to call the Stock
Information Center at (740) XXX-XXXX.
Very truly yours,
Keefe, Bruyette & Woods, Inc.
THE SHARES OF COMMON STOCK BEING OFFERED IN THIS OFFERING ARE NOT SAVINGS
ACCOUNTS OR DEPOSITS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND OR THE SAVINGS ASSOCIATION INSURANCE FUND
OR ANY OTHER GOVERNMENT AGENCY. THIS IS NOT AN OFFER TO SELL OR A SOLICITATION
OF AN OFFER TO BUY SHARES. THE OFFER IS MADE ONLY BY THE PROSPECTUS.
PROXY GRAM
PLEASE VOTE TODAY ...
We recently sent you a proxy statement and related materials regarding a
proposal to convert Lawrence Federal Savings Bank from a MUTUAL TO A STOCK FORM
OF ORGANIZATION.
Your vote on the Plan of Conversion has not yet been received.
Voting for the Conversion does not obligate you to purchase stock and will not
affect your accounts or FDIC Insurance.
Failure to Vote has the Same Effect as Voting Against the Conversion.
The Board of Directors unanimously recommends a vote "FOR" the Conversion.
YOUR VOTE IS IMPORTANT TO US!
Please sign the enclosed proxy card and return it in the postage-paid envelope
provided TODAY! If you received more than one proxy card, please be sure to sign
and return all cards you received.
Thank you,
Jack L. Blair
President and Chief Executive Officer
Lawrence Federal Savings Bank
Ironton, OH
If you have already mailed your proxy card(s), please accept our thanks and
disregard this notice. For further information call (740) xxx-xxxx.
THE SHARES OF COMMON STOCK BEING OFFERED IN THIS OFFERING ARE NOT SAVINGS
ACCOUNTS OR DEPOSITS AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE BANK INSURANCE FUND OR THE SAVINGS ASSOCIATION INSURANCE FUND
OR ANY OTHER GOVERNMENT AGENCY. THIS IS NOT AN OFFER TO SELL OR A SOLICITATION
OF ANY OFFER TO BUY SHARES. THE OFFER IS MADE ONLY BY THE PROSPECTUS.