June 21, 2002 Dear holders of First Fidelity convertible senior notes, This letter is being delivered to you in connection with the proposed merger (the "Merger") of First Fidelity Bancorp, Inc. ("First Fidelity") with a subsidiary of Hawthorne...Hawthorne Financial Corp • June 18th, 2002 • Savings institution, federally chartered
This letter is being delivered to you in connection with the proposed merger (the "Merger") of First Fidelity Bancorp, Inc. ("First Fidelity") with a subsidiary of Hawthorne Financial Corporation ("Hawthorne Financial") pursuant to an Agreement and Plan of Reorganization, dated as of March 19, 2002, and amended and restated on April 24, 2002 (as of March 19, 2002), by and among Hawthorne Financial, First Fidelity and the other parties thereto (the "Merger Agreement"). Upon consummation of the Merger, each share of common stock of First Fidelity issued and outstanding immediately prior thereto will be converted into the right to receive, on a share-by-share basis,
