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Catskill Financial Corporation
Holding Company for
Catskill Savings Bank
October 2, 1996
Dear Fellow Stockholder:
On September 4, 1996, we mailed you proxy materials in connection with our
Special Meeting of Stockholders, to be held on Thursday, October 24, 1996. At
the meeting, stockholders will be asked to vote to approve our stock option plan
and management recognition plan. Our board of directors has recommended that the
two plans be approved and I urge you to vote in favor of the two plans.
With those materials, we enclosed a proxy card for you to complete. According to
our latest records, we have not received your proxy for this meeting.
Your vote is important. We ask that you sign and return the enclosed duplicated
proxy card in the postage paid envelope provided so that your shares are
represented at the meeting.
Because there are sometimes delays in the mail deliveries, please sign and
return the enclosed proxy even if you returned the original.
Again, I urge you to vote in favor of the two plans.
Sincerely,
/s/ Wilbur J. Cross
- -------------------
Wilbur J. Cross
President, Chairman of the Board
and Chief Executive Officer
You should review the proxy statement before casting your vote. If you need
another copy, please call David L. Guldenstern at 1-518-943-3600 and we will
send one to you.
341 Main Street, Catskill, NY 12414 - 518-943-3600
