CITIZENS INDEPENDENT BANCORP, INC. SUBSCRIPTION RIGHTS TO PURCHASE SHARES OF COMMON SHARES OFFERED PURSUANT TO SUBSCRIPTION RIGHTS DISTRIBUTED TO SHAREHOLDERS OF CITIZENS INDEPENDENT BANCORP, INC.Citizens Independent Bancorp, Inc. • October 22nd, 2013 • State commercial banks
This letter is being distributed to securities dealers, commercial banks, trust companies and other nominees in connection with the rights offering (the “Rights Offering”) by Citizens Independent Bancorp, Inc. (the “Company”) of Common Shares (as such term is defined below), pursuant to non-transferable subscription rights (the “Rights”) distributed to all holders (the “Recordholders”) of common shares of the Company, without par value per share (the “Common Shares”), at 5:00 p.m., Eastern Time, on ____________ , 2013 (the “Record Date”). The Rights and Common Shares are described in the offering prospectus dated ____________, 2013 (the “Prospectus”).
CITIZENS INDEPENDENT BANCORP, INC. SUBSCRIPTION RIGHTS TO PURCHASE COMMON SHARES OFFERED PURSUANT TO SUBSCRIPTION RIGHTS DISTRIBUTED TO SHAREHOLDERS OF CITIZENS INDEPENDENT BANCORP, INC.Citizens Independent Bancorp, Inc. • October 22nd, 2013 • State commercial banks
This letter is being distributed by Citizens Independent Bancorp, Inc. (the “Company”) to all holders (the “Recordholders”) of common shares of the Company, without par value per share (the “Common Shares”), at 5:00 p.m., Eastern Time, on ______________ , 2013 (the “Record Date”), in connection with the rights offering (the “Rights Offering”) of non-transferable subscription rights (the “Rights”) to purchase Common Shares. The Rights and Common Shares are described in the offering prospectus dated ____________ , 2013 (the “Prospectus”).
SUBSCRIPTION/ESCROW AGENT AGREEMENTSubscription/Escrow Agent Agreement • October 22nd, 2013 • Citizens Independent Bancorp, Inc. • State commercial banks • New Jersey
THIS SUBSCRIPTION/ESCROW AGENT AGREEMENT ("Agreement") between Citizens Independent Bancorp, Inc. (the "Company"), and Registrar and Transfer Company, a New Jersey corporation (the "Agent"), is dated as of __________, 2013.
