[LOGO: COMMUNITY SAVINGS BANKSHARES, INC.]
_____________________________________________________________________________
Post Office Box 14547 www.commmunitysavings.com (561) 881-2212
North Palm Beach, FL 33408 Fax(561) 881-4920
December 3, 1999
IMPORTANT REMINDER!
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Dear Fellow CMSV Shareholder:
On November 10, 1999, we sent you a Notice of Special Meeting of
Shareholders ("Special Meeting") of Community Savings Bankshares, Inc.
(the "Company"), a Proxy Statement and a form of proxy. The Special
Meeting is approaching fast and, according to our records, your vote for
this important meeting has not been received. Regardless of the number
of shares you own, it is important that you be represented at this
meeting. Your vote is very important to us and we need your support.
As described in the Notice of Special Meeting and the Proxy Statement,
we are presenting for approval amendments to the Company's 1999 Stock
Option Plan, 1999 Recognition and Retention Plan and Trust, 1995 Stock
Option Plan and 1995 Recognition and Retention Plan for Employees and
Outside Directors (the "Plans"). These Plans were previously approved
by our shareholders. In our Proxy Statement dated April 28, 1999, we
explained that regulations did not allow us to include certain
provisions in the Plans (in particular, the 1999 Plans) until one year
after the anniversary date of the December 15, 1998 conversion and
reorganization of ComFed, M. H. C.
Stock option plans and grants of stock are used to reward employees
based upon the Company's performance, as well as their individual
performance in making our Company a strong and competitive force in
today's marketplace. We continue to strive to be one of the best
financial services companies in the industry - and we need your support.
Your Board of Directors recommends a vote in favor of the proposal.
We urge you to either vote telephonically, or sign, date and return your
proxy card in the enclosed postage-paid envelope. Instructions for
telephonic voting are printed on the enclosed proxy card. Thank you for
your continued support. Please vote today.
Sincerely,
/s/ James B. Pittard, Jr.
_________________________
James B. Pittard, Jr.
President and Chief Executive Officer
IF YOU HAVE RECENTLY VOTED YOUR PROXY,
PLEASE ACCEPT OUR THANKS AND DISREGARD THIS REQUEST.
