SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
F O R M 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
April 20, 1999
FVNB CORP.
(Exact name of registrant as specified in its charter)
Commission file number: 333-47939
Texas 74-2871063
(State or other jurisdiction of incorporation (I.R.S. Employer
or organization) Identification No.)
101 S. Main Street
Victoria, Texas 77901
(Address of principal executive offices)
(512) 573-6321
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
The news release of FVNB Corp. dated April 20, 1999, attached and filed herewith
as Exhibit 99, is incorporated by reference. The release announced that on April
20, 1999, the Board of Directors of FVNB Corp. had declared a cash dividend of
$.35 per share for shareholders of record on April 29, 1999, payable on May 13,
1999. The release also includes unaudited financial information related to the
first quarter of 1999.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
c. Exhibits
The following exhibit is filed as part of this report:
(99) News release of FVNB Corp. dated April 20, 1999.
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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.
FVNB CORP.
(Registrant)
By: /s/ DAVID M. GADDIS
David M. Gaddis, President
Date: April 20, 1999
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INDEX TO EXHIBIT
Exhibit No. Description Page
- ----------- ----------- ----
99 News release of FVNB Corp. dated April 20, 1999. 5
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EXHIBIT 99
PRESS RELEASE FOR FURTHER C. DEE HARKEY
TO BE RELEASED WEDNESDAY INFORMATION: SECRETARY & PRINCIPAL
APRIL 21, 1999 ACCOUNTING OFFICER
FVNB CORP.
(361) 572-6530
FVNB CORP.
DIVIDEND AND EARNINGS ANNOUNCEMENT
VICTORIA, TEXAS - On April 20, 1999, the Board of Directors of FVNB Corp.
declared a cash dividend of $.35 per share payable on May 13, 1999, to
shareholders of record as of April 29, 1999.
In September 1998, FVNB Corp. was organized as a bank holding company for First
Victoria National Bank (the "Bank"). As a result of the reorganization,
shareholders of the Bank became shareholders of FVNB Corp. Subsequently, in
January 1999, FVNB Corp. completed the acquisition of CBOT Financial
Corporation, the parent company of Citizens Bank of Texas, N.A. and CBOT
Mortgage Company.
FVNB Corp.'s consolidated net income and earnings per share for the first
quarter of 1999 were approximately $1,509,000 and $.64, respectively. During the
first quarter of 1998, the Bank's net income and earnings per share were
approximately $1,468,000 and $.62, respectively.
FVNB Corp.'s consolidated equity capital at March 31, 1999 was approximately
$59.0 million compared to $59.5 million at December 31, 1998. FVNB Corp.'s
equity capital ratio of 7.88% and risk-based capital ratio of 13.32% as of March
31, 1999 remain well in excess of regulatory requirements. FVNB Corp.'s total
consolidated assets were approximately $631 million as of March 31, 1999
compared to $553 million as of December 31, 1998. FVNB Corp.'s consolidated
deposits totaled approximately $510 million as of March 31, 1999 compared to
$455 million as of December 31, 1998.
["Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this release which are not historical facts
contain forward looking information with respect to plans, projections or future
performance of FVNB Corp. and its subsidiaries, the occurrence of which involve
certain risks and uncertainties detailed in the FVNB Corp. filings with the
Securities Exchange Commission.]
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