Exhibit 99.6
Press Release FOR IMMEDIATE RELEASE
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For More Information Contact:
Ernest A. Moretti, President
Telephone: (410) 252-6450
WYMAN PARK FEDERAL SAVINGS & LOAN ASSOCIATION
STOCK SALE APPROVED
Lutherville, Maryland - Mr. Ernest A. Moretti, President of Wyman Park
Federal Savings & Loan Association ("Wyman Park"), Lutherville, Maryland,
announced today that Wyman Park has received approval from the Office of Thrift
Supervision to convert from a federal mutual savings and loan association to a
federal stock savings and loan association and to become a wholly owned
subsidiary of a newly-formed holding company, Wyman Park Bancorporation, Inc.
(the "Company").
A Prospectus and Proxy Statement describing the Plan of Conversion will
be mailed to certain members of Wyman Park on or about ___________, 1997. Under
the Plan of Conversion, the company is offering an estimated _______ shares of
common stock at $10.00 per share. Certain of Wyman Park's past and present
depositors and borrowers will have the opportunity to purchase stock through a
subscription offering that closes on ________, 1997. Shares that are not
subscribed for during the subscription offering, if any, may be offered to the
general public, with preference given to natural persons who are permanent
residents of Anne Arundel and Baltimore Counties, Maryland, in a community
offering. The offerings are being managed by Trident Securities, Inc., of
Raleigh, North Carolina. Silver, Freedman & Taff, L.C. of Washington, DC acted
as special counsel.
Mr. Moretti stated "Wyman Park remains committed to its local market as
a hometown community financial institution with even stronger financial
resources."
Wyman Park Federal Savings & Loan Association is located in
Lutherville, Maryland. At September 30, 1997, Wyman Park had total assets of
$___ million and retained income of $___ million. Customers or interested
members of the community with questions concerning the stock offering should
call the institution at (410) 252-6450 or visit Wyman Park.
Press Release FOR IMMEDIATE RELEASE
---------------------
Contact: Ernest A. Moretti, President
Telephone: (410) 252-6450
WYMAN PARK BANCORPORATION, HOLDING COMPANY FOR
WYMAN PARK FEDERAL SAVINGS & LOAN ASSOCIATION
COMPLETES INITIAL STOCK OFFERING
Lutherville, Maryland - Ernest A. Moretti, President of Wyman Park
Federal Savings & Loan Association ("Wyman Park"), based in Lutherville,
Maryland, announced today that Wyman Park Bancorporation, Inc., the holding
company for Wyman Park Federal Savings & Loan Association, has completed its
initial common stock offering. It is anticipated that the common stock of Wyman
Park Bancorporation, Inc. will begin trading on the OTC Bulletin Board under the
symbol "????" on December ??, 1997. Wyman Park Bancorporation, will issue
_______ shares of its common stock.
The net proceeds contributed to Wyman Park upon conversion will
substantially increase its capital. Wyman Park ultimately intends to use such
funds for general corporate purposes, among them the origination of loans and
other investments. It is expected that in the interim all or part of the
proceeds will be invested in short-term and intermediate-term securities.
On __________ ??, 1997, Wyman Park's Plan of Conversion was approved by
Wyman Park's depositor and certain borrower members at a Special Meeting that
was held at the main office of the institution.
Mr. Moretti indicated that the Officers and Board of Directors of Wyman
Park want to express their thanks for the response by customers and the
community to the stock offering and that the Association looks forward to
serving the needs of its customers as a stock institution.
Trident Securities, Inc. of Raleigh, North Carolina managed the
subscription and community offerings for Wyman Park Bancorporation. Silver,
Freedman & Taff, L.L.P. of Washington , DC acted as special counsel.
OFFICER AND DIRECTOR STOCK PURCHASE COMMITMENTS
Name Amount Shares Percent@Midpoint
- ---- ------ ----- ----------------
Ernest A. Moretti, President,
Director and C.E.O. $ __,___ _.__%
Allan B. Heaver
Chairman of the Board $ __,___ _.__%
H. Douglas Heuther
Director $ __,___ _.__%
John K. White
Director $ __,___ _.__%
John R. Beever
Director $ __,___ _.__%
Albert M. Kopp
Director $ __,___ _.__%
Gilbert D. Marsiglia, Sr.
Director $ __,___ _.__%
Jay H. Salkin
Director $ __,___ _.__%
G. Scott Barhight
Director $ __,___ _.__%
All directors and executive
officers as a group (13 persons)
and their associat $ __,___ __.__%
==========================================
This information is neither an offer to sell nor a solicitation of an offer to
buy securities. The offer is made only by the Prospectus.
The stock is not a deposit or account and is not federally insured or
guaranteed.
(Wyman Park Letterhead)
________, 1995
Dear Retirement Account Participant:
As you know Wyman Park Federal Savings & Loan Association is converting
from a federal mutual savings and loan association to a federal stock savings
and loan association. The Association is providing current and certain former
depositors and borrowers an opportunity to purchase stock through a Subscription
Offering. Wyman Park Bancorporation, Inc., the proposed holding company for
Wyman Park, is offering up to 805,000 shares of common stock at $10.00 per
share.
As the holder of a Retirement Account you have an opportunity to become
a shareholder of Wyman Park Bancorporation, Inc. If you desire to purchase stock
using funds being held in your Retirement Account, we can assist you in
self-directing those funds which are currently held in certificates of deposit.
This process can be done without an early withdrawal penalty or without a
negative tax consequence to your retirement account.
The stock that you purchase would be held in a self-directed retirement plan.
If you are interested in receiving more information on self-directing
your IRA, please contact our Stock Information Center at (410) ???-????. This
transaction cannot be done through the mail and will require that you visit the
Wyman Park office. Furthermore, it takes several days to process the necessary
IRA forms and regulations concerning retirement accounts require that your
response be received by [one week prior to closing], 1997 to accommodate your
interest.
Sincerely,
Ernest A. Moretti
President
This does not constitute an offer to sell, or the solicitation of an offer to
buy shares of Wyman Park Bancorporation, Inc. common stock offered in the
conversion, nor does it constitute the solicitation of a proxy in connection
with the conversion. Such offers and solicitations of proxies are made only by
means of the Prospectus and the Proxy Statement, respectively. There shall be no
sale of stock in any state in which any offer, solicitation of an offer or sale
of stock would be unlawful. The shares of Wyman Park Bancorporation, Inc. common
stock offered in the conversion are not deposits or accounts and are not
federally insured or guaranteed.
POSTER
Wyman Park Federal Savings & Loan Association
STOCK OFFERING MATERIALS
AVAILABLE HERE
Subscription Rights for the Stock Offering
by Wyman Park Bancorporation, Inc.
Expire on _______, 1997
- --------------------------------------------------------------------------------
This announcement is neither an offer to sell nor a solicitation of an offer to
buy these securities. The offer is made only by the Prospectus and Proxy
Statement. These shares have not been approved or disapproved by the Securities
and Exchange Commission, Office of Thrift Supervision, or Federal Deposit
Insurance Corporation, nor has such Commission,Office or Corporation passed upon
the accuracy or adequacy of the Prospectus and Proxy Statement. Any
representation to the contrary is unlawful.
New Issue ______, 1997
- ---------
Up to 805,000 Shares
These shares are being offered pursuant
to a Plan of Conversion whereby
Wyman Park Federal Savings & Loan Association
of Lutherville, Maryland will convert
from a federal mutual savings and loan association
to a federal stock savings and loan association
and become the wholly-owned subsidiary of
Wyman Park Bancorporation, Inc.
Common Stock
----------------------
Price $10.00 Per Share
----------------------
Copies of the Prospectus may be obtained in any State in which this announcement
is circulated from such of the undersigned or other brokers and dealers as may
legally offer these securities in such state.
Trident Securities, Inc.
For a copy of the Prospectus call (410) ???-????.
- --------------------------------------------------------------------------------
* Sent to prospects who are customers *
_________ , 1997
&salutation& &firstname& &lastname&
&address&
&city&, &state& &zip&
Dear &prefername&:
Recently you may have read in the newspaper that Wyman Park Federal
Savings & Loan Association will convert from a federal mutual savings and loan
association to a federal stock savings and loan association. This is the most
significant event in the history of the Association in that it allows customers,
community members, employees and directors the opportunity to share in Wyman
Park's future by becoming charter stockholders of Wyman Park Bancorporation,
Inc., the Association's proposed holding company.
As a customer of Wyman Park, you should have received a packet of
information regarding the conversion, including a Prospectus and a Proxy
Statement. In addition, we are holding several presentations for friends of the
officers and directors to discuss the stock offering in more detail. You will
receive an invitation in the near future.
Please feel free to call me or the Wyman Park's Stock Information
Center at (410) ???-???? if you have any questions. I look forward to seeing you
at one of our informational presentations.
Sincerely,
Ernest A. Moretti
President
This does not constitute an offer to sell, or the solicitation of an offer to
buy, shares of Wyman Park Bancorporation, Inc. common stock offered in the
conversion, nor does it constitute the solicitation of a proxy in connection
with the conversion. Such offers and solicitations of proxies are made only by
means of the Prospectus and the Proxy Statement, respectively. There shall be no
sale of stock in any state in which any offer, solicitation of an offer or sale
of stock would be unlawful. The shares of Wyman Park Bancorporation, Inc. common
stock offered in the conversion are not deposits or accounts and are not
federally insured or guaranteed.
* Sent to prospects who are not customers *
_________, 1997
&salutation& &firstname& &lastname&
&address&
&city&, &state& &zip&
Dear &prefername&:
Recently you may have read in the newspaper that Wyman Park Federal
Savings & Loan Association will be converting from a federal mutual savings and
loan association to a federal stock savings and loan association. This is the
most significant event in the history of the Association in that it allows
customers, community members, employees and directors the opportunity to share
in Wyman Park's future by becoming charter stockholders of the Association's
Holding Company, Wyman Park Bancorporation, Inc.
[Director/officer] has asked that you be sent a Prospectus and stock
order form which will allow you to become a charter stockholder, should you
desire. In addition, we are holding several presentations for friends of the
officers and directors to discuss the stock offering in more detail. You will
receive an invitation in the near future.
Please feel free to call me or the Wyman Park's Stock Information
Center at (410) ???-???? if you have any questions. I look forward to seeing you
at one of our informational presentations.
Sincerely,
Ernest A. Moretti
President
This does not constitute an offer to sell, or the solicitation of an offer to
buy, shares of Wyman Park Bancorporation, Inc. common stock offered in the
conversion, nor does it constitute the solicitation of a proxy in connection
with the conversion. Such offers and solicitations of proxies are made only by
means of the Prospectus and the Proxy Statement, respectively. There shall be no
sale of stock in any state in which any offer, solicitation of an offer or sale
of stock would be unlawful. The shares of Wyman Park Bancorporation, Inc. common
stock offered in the conversion are not deposits or accounts and are not
federally insured or guaranteed.
* Sent to individuals requesting information *
_________, 1997
&salutation& &firstname& &lastname&
&address&
&city&, &state& &zip&
Dear &prefername&:
Enclosed you will find the offering materials relating to the mutual to
stock conversion of Wyman Park Federal Savings & Loan Association, and the
initial stock offering of the Association's Holding Company, Wyman Park
Bancorporation, Inc.
In connection with the conversion, Wyman Park Bancorporation, Inc. is
offering up to 805,000 shares of its common stock at a price of $10.00 per
share. Please review the enclosed Prospectus so that you may make an informed
investment decision based on your individual financial situation. If you wish to
purchase stock, the enclosed order form should be completed and returned to
Wyman Park no later than ____ p.m. Central Time, on ________, 1997.
If you have any questions concerning the conversion, please feel free
to call the Wyman Park's Stock Information Center at (410) _________.
Sincerely,
Ernest A. Moretti
President
This does not constitute an offer to sell, or the solicitation of an offer to
buy, shares of Wyman Park Bancorporation, Inc. common stock offered in the
conversion, nor does it constitute the solicitation of a proxy in connection
with the conversion. Such offers and solicitations of proxies are made only by
means of the Prospectus and the Proxy Statement, respectively. There shall be no
sale of stock in any state in which any offer, solicitation of an offer or sale
of stock would be unlawful. The shares of Wyman Park Bancorporation, Inc. common
stock offered in the conversion are not deposits or accounts and are not
federally insured or guaranteed.
The Directors and Officers
of
Wyman Park Federal Savings & Loan Association
cordially invite you to attend a brief
presentation regarding the stock offering of
Wyman Park Bancorporation, Inc.,
our proposed holding company
Please join us at the
[Place]
[Address]
[Date]
at 6:00 p.m.
for hors d'oeuvres
R.S.V.P.
(___) (Collect)
list of directors and officers
* Sent to those attending a community meeting *
__________, 1997
&salutation& &firstname& &lastname&
&address&
&city&, &state& &zip&
Dear &prefername&:
Thank you for attending our informational presentation relating to
Wyman Park Federal Savings & Loan Association's conversion to a stock
institution. The information presented at the meeting and the Prospectus you
recently received should assist you in making an informed investment decision.
Obviously, we are excited about this stock offering and the opportunity
to share in the future of Wyman Park. This conversion is the most important
event in our history and it gives the Association the strength and corporate
flexibility to compete in the future.
We will contact you in the near future to get an indication of your
interest in our offering. In the meantime, if your investment decision is made,
feel free to return your order form at your convenience, but not later than
_________, 1997. If you have any questions, please call the Stock Information
Center at (410) ???-????.
Sincerely,
Ernest A. Moretti
President
This does not constitute an offer to sell, or the solicitation of an offer to
buy, shares of Wyman Park Bancorporation, Inc. common stock offered in the
conversion, nor does it constitute the solicitation of a proxy in connection
with the conversion. Such offers and solicitations of proxies are made only by
means of the Prospectus and the Proxy Statement, respectively. There shall be no
sale of stock in any state in which any offer, solicitation of an offer or sale
of stock would be unlawful. The shares of Wyman Park Bancorporation, Inc. common
stock offered in the conversion are not deposits or accounts and are not
federally insured or guaranteed.
* Sent to those not attending a community meeting *
_________, 1997
&salutation& &firstname& &lastname&
&address&
&city&, &state& &zip&
Dear &prefername&:
I am sorry you were unable to attend our recent presentation regarding
Wyman Park Federal Savings & Loan Association's mutual to stock conversion. The
Board of Directors and management team of Wyman Park are committed to
contributing to long term shareholder value and as a group we intend to
personally invest approximately $???,000 of our own funds. We are enthusiastic
about the stock offering and the opportunity to share in the future of Wyman
Park.
We have established a Stock Information Center to assist you with any
questions regarding the stock offering. Should you require any assistance
between now and _________, 1997, I encourage you to either stop by our Stock
Information Center or call (410) ???-????.
I hope you will join me as a charter stockholder in Wyman Park Federal
Savings & Loan Association.
Sincerely,
Ernest A. Moretti
President
This does not constitute an offer to sell, or the solicitation of an offer to
buy, shares of Wyman Park Bancorporation, Inc. common stock offered in the
conversion, nor does it constitute the solicitation of a proxy in connection
with the conversion. Such offers and solicitations of proxies are made only by
means of the Prospectus and the Proxy Statement, respectively. There shall be no
sale of stock in any state in which any offer, solicitation of an offer or sale
of stock would be unlawful. The shares of Wyman Park Bancorporation, Inc. common
stock offered in the conversion are not deposits or accounts and are not
federally insured or guaranteed.
* Final Reminder Letter *
_________, 1997
&salutation&firstname&lastname&
&address&
&city&, &state& &zip&
Dear &prefername&:
111111111
Just a quick note to remind you that the deadline for purchasing stock
in Wyman Park Bancorporation, Inc. is quickly approaching. I hope you will join
me in becoming a charter stockholder in one of Maryland's newest publicly owned
financial institutions.
The deadline for becoming a charter stockholder is _________, 1997. If
you have any questions, I hope you will call our Stock Information Center at
(410) ???-????.
Once again, I look forward to having you join me as a charter
stockholder in Wyman Park Bancorporation, Inc.
Sincerely,
Ernest A. Moretti
President
This does not constitute an offer to sell, or the solicitation of an offer to
buy, shares of Wyman Park Bancorporation, Inc. common stock offered in the
conversion, nor does it constitute the solicitation of a proxy in connection
with the conversion. Such offers and solicitations of proxies are made only by
means of the Prospectus and the Proxy Statement, respectively. There shall be no
sale of stock in any state in which any offer, solicitation of an offer or sale
of stock would be unlawful. The shares of Wyman Park Bancorporation, Inc. common
stock offered in the conversion are not deposits or accounts and are not
federally insured or guaranteed.
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P R O X Y G R A M
(LOGO)
================================================================================
YOUR VOTE ON OUR CONVERSION PLAN HAS NOT BEEN RECEIVED.
----
YOUR VOTE IS VERY IMPORTANT, PARTICULARLY SINCE FAILURE TO VOTE IS EQUIVALENT TO
- ----------------------------
VOTING AGAINST THE PLAN.
VOTING FOR THE CONVERSION PLAN WILL NOT AFFECT THE INSURANCE OF
YOUR ACCOUNT. IT WILL CONTINUE TO BE INSURED UP TO THE LEGAL LIMIT ($100,000 PER
----------------
ACCOUNT AS DEFINED BY LAW) BY THE SAVINGS ASSOCIATION INSURANCE FUND OF THE
FEDERAL DEPOSIT INSURANCE CORPORATION, AN AGENCY OF THE U.S.
GOVERNMENT.
REMEMBER, VOTING FOR CONVERSION DOES NOT OBLIGATE YOU TO BUY ANY STOCK.
--------
PLEASE ACT PROMPTLY! SIGN THE ENCLOSED PROXY CARD AND MAIL OR DELIVER IT TO
----------
WYMAN PARK FEDERAL SAVINGS & LOAN ASSOCIATION.
WE RECOMMEND THAT YOU VOTE "FOR" THE PLAN OF CONVERSION.
-----
THANK YOU!
THE BOARD OF DIRECTORS AND MANAGEMENT OF WYMAN PARK
FEDERAL SAVINGS & LOAN ASSOCIATION, F.A.
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