SCHEDULE 14A INFORMATION
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Rule 14a-12
BELMONT BANCORP.
_______________________________________________________________________
(Name of Registrant as Specified In Its Charter
_______________________________________________________________________
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April 12, 1999
Dear Shareholders:
By now you should have received from us a Proxy
Statement dated March 19, 1999 in connection with the
upcoming Annual Meeting of Shareholders scheduled for
April 20, 1999.
The first item on the agenda for the Annual Meeting is
a proposal to amend the Articles of Incorporation to reduce
the minimum number of directors comprising the Board of
Directors from its current level of 14 directors to a
minimum of 12 directors. As we stated in the Proxy
Statement, this proposed amendment was prompted by the death
of Samuel A. Mumley which reduced the number of members of
the Board below the minimum of 14 members stated in the
Articles of Incorporation. As we stated in the Proxy
Statement, at the time the Board approved the proposed
amendment and mailed the proxy materials, the Board did not
have any intention to further reduce the number of members.
On April 12, 1999, William Wallace submitted his
resignation from the Boards of Directors of both Belmont
Bancorp. and Belmont National Bank effective April 21, 1999.
We do not expect that he will be replaced in the near
future. As such, assuming the proposed amendment to the
Articles of Incorporation is approved at the Annual Meeting,
the Board expects to operate with the minimum of 12 members.
As we discussed in the Proxy Statement, we believe that the
Corporation is managed most effectively by a smaller number
of directors.
Please feel free to contact me at (740) 699-3127 should
you have any questions. Otherwise, we look forward to
seeing those shareholders who are able to attend at the
upcoming Annual Meeting.
Sincerely,
s/J. Vincent Ciroli, Jr.
J. Vincent Ciroli, Jr.
President and CEO
JVC/tlw
