EXHIBIT 99(c)
July ___, 2000
Dear ____:
I am pleased to enclose for your review a copy of the final prospectus
for Indian River Banking Company's offering of up to 300,000 shares of its
common stock, at a price of $25 per share. I encourage you to read the entire
prospectus thoroughly before deciding whether to invest in our stock.
Also enclosed is a subscription agreement for your use in subscribing
for shares should you decide to do so.
The offering will continue until September 30, 2000, unless the Board
of Directors elects to extend it. The Board can also elect to terminate the
offering sooner.
Please feel free to call me if you have any questions about the
offering or an investment in the common stock. On behalf of Indian River and
Indian River National Bank, thank you for your interest and support.
Sincerely,
