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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): December 7, 1998
SUCCESS BANCSHARES, INC.
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 0-23235 36-34976644
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification Number)
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One Marriott Drive
Lincolnshire, Illinois 60069
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(Address of principal executive offices) (Zip Code)
(847) 634-4200
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
Success Bancshares, Inc. has announced the appointment of Wilbur G.
Meinen as President and Chief Executive Officer of the Company and its majority
owned subsidiary, Success National Bank. Mr. Meinen replaces Saul D. Binder,
who died suddenly on July 12, 1998. A copy of the press release issued by the
Company with respect to such matter is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of business acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
99.1 Press Release, issued on December 7, 1998, of Success
Bancshares, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
SUCCESS BANCSHARES, INC.
Date: December 22, 1998
By:
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Name: Wilbur G. Meinen
Title: Chief Executive Officer
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release, issued on December 7, 1998, of Success
Bancshares, Inc.
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EXHIBIT 99.1
SUCCESS BANCSHARES, INC. NAMES NEW PRESIDENT AND CEO
(Lincolnshire, IL, December 7, 1998) -- Success Bancshares, Inc., the
holding company for Success National Bank, today announced the appointment of
Wilbur G. Meinen as President and Chief Executive Officer of Success Bancshares
and the Bank. Mr. Meinen replaces Saul D. Binder, who died suddenly on July 12,
1998. The administrative, regulatory and operating functions of Success
Bancshares and the Bank have been overseen since Mr. Binder's death by Sherwin
Koopmans and Christa N. Calabrese, who have served as Chairman of the Executive
Committee and Chief Operating Officer, respectively, on an interim basis since
July 15, 1998.
Mr. Meinen has served since April 1997 as Executive Vice President and
Credit Products Manager of the Credit Products Group at Bank One, Illinois, NA,
an affiliate of Bank One Corporation, a bank holding company based in Chicago,
Illinois with approximately 1,300 banking offices in 12 states. In such
position, Mr. Meinen had overall senior management responsibility for the credit
functions of the middle market and private banking lines of business in the
Chicago market. Mr. Meinen has held various other positions with Bank One and
its affiliates since 1989. Prior to joining Bank One, Mr. Meinen held several
other management positions at financial institutions beginning in March 1975.
He has also served as a bank examiner with the State Banking Department of
Iowa.
Success Bancshares, Inc. provides community banking services through
eleven locations to individuals and small to medium-sized businesses primarily
in the north and northwest suburbs of Chicago and the north side of Chicago.
The Company is traded on the Nasdaq National Market System under the symbol
"SXNB" and can be reached at its web page: http://www.successbank.com.
Some of the matters discussed in this press release are forward-looking
statements that involve risks and uncertainties, including but not limited to
the impact of branch openings on profitability, economic conditions in the
Company's market area, the effect of increases or decreases in interest rates,
the products offered by competitors and the pricing of such products, and other
risks and uncertainties which may not be known or anticipated by the Company.
While management of the Company makes its best efforts to be accurate in making
forward-looking statements, any such statements are subject to risks and
uncertainties that could cause the Company's actual results to vary materially
from the future results indicated in such forward-looking statements.
