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[LETTERHEAD OF ROSLYN BANCORP, INC. APPEARS HERE]
December 7, 1998
Dear Stockholder:
By now, you should have received Proxy Material concerning the December 22, 1998
Special Meeting of Stockholders of Roslyn Bancorp, Inc. relating to the merger
of Roslyn with T R Financial Corp., the holding company for Roosevelt Savings
Bank.
The Special Meeting is fast approaching and according to our records, your proxy
for this important meeting has not yet been received. Many stockholders believe
their votes are not important. On the contrary, your vote is essential. A
failure to vote for approval of the merger will have the same effect as a vote
against the merger.
The merger will result in a franchise that will have the capital strength,
significant branch presence, technological service delivery and product breadth
needed to compete successfully against any competitor in any of our markets and
to continue to provide you with the products and personal service you've come to
expect at Roslyn. The products, geographic distribution, strategy, culture and
customer-driven focus of Roslyn and Roosevelt are compatible in every way. As a
result of this combination, Roslyn will be in the best competitive position in
its nearly 125-year history. Therefore, I urge you to vote FOR the merger.
Regardless of the number of shares you own, it is important that they be
represented. Please save your Company the expense of additional solicitation
costs by signing and promptly returning the enclosed proxy. If you have already
mailed your proxy, please accept our thanks and disregard this request.
Should you need assistance in voting your shares, please call our proxy
solicitor Kissel-Blake at 1-800-554-7733.
Best regards,
/s/ Joseph L. Mancino
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JOSEPH L. MANCINO
Chairman of the Board
President and CEO
Statements contained in this document which are not historical facts are
forward-looking statements, as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks and uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors, which include, but
are not limited to, factors discussed in documents filed by the Company with
Securities and Exchange Commission from time to time.
A registration statement relating to the proposed merger has been filed with the
Securities and Exchange Commission and has become effective. This communication
shall not constitute an offer to sell or the solicitation of an offer to buy the
securities of Roslyn Bancorp, Inc. or the solicitation of votes by stockholders
of Roslyn Bancorp, Inc. with respect to the proposed merger. Such offer for
sale and solicitation of votes is made only by the Joint Proxy
Statement/Prospectus.
