Dear Customer: As announced, First Eastern Corp. and PNC Bank Corp. have entered into a definitive agreement for PNC Bank to acquire First Eastern. The transfer is subject to approval by various regulatory agencies and First Eastern shareholders. It is expected to be completed in the first half of 1994. On completion of the merger, First Eastern will become a part of PNC Bank, N.A., and operate as part of its Northeast Pennsylvania market. First and foremost, this transfer will be accomplished without any interruption to your service. Eventu- ally, you will be able to enjoy expanded products and services through a larger network of branch offices in this region and everywhere PNC Bank operates. More detailed information will be provided as the time nears. Meanwhile, we would like to assure you that First Eastern remains committed to serving all your financial needs, whether it is for a loan or a certificate of deposit. Also, you may continue to use your present checks, deposit tickets, loan pay- ment coupons, and MACŪ ATM card. Please remember that all of us at First Eastern value your business and are grateful for the opportunity to serve you. If you have any questions about this information, please call or visit your First Eastern office. As always, we'll be very happy to help you. Sincerely /s/ Frederick A. Deal President and Chief Executive Officer
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