Bruce Horovitz didn't begin to list the worries of a Security Pacific customer concerning the merger with Bank of America ("Merger's Primary Task: Soothe the Customers," Aug. 13). Those concerns are rather different from those of a stockholder.
* How will automatic deposits of Social Security, pension and annuity checks be handled? Will the new BankAmerica make arrangements to transfer these deposits to the new checking account?
* How will Security Pacific CDs be handled? An investor with one CD in BankAmerica and one in Security Pacific might want to withdraw money to stay within the $100,000 FDIC insurance limit. Will these investors have to pay a penalty for early withdrawal?
* Will investors with long-term CDs in Security Pacific deposits find their rate of interest lowered? If so, will they be able to withdraw their money without penalty?
* Will the merger cloud the ownership of U.S. Treasury notes and bills that were bought through Security Pacific Investments, the investment arm of Security Pacific Bank?
* Will people who designated Security Pacific as co-executor have to change their wills?
* Will people who have a trust relationship with the bank have to go to the expense of hiring a lawyer to redo their trusts?
These are just a few of the problems customers may face because of the merger.
MARGARET W. ROMANI