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
September 14, 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)
(361) 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 September 14, 1999, attached and filed
herewith as Exhibit 99, is incorporated by reference. The release announced that
First Victoria National Bank, a subsidiary bank of FVNB Corp., has signed a
letter of intent to acquire the Mid-Coast Savings Bank, SSB with locations in
Edna and Ganado, Texas. As of June 30, 1999, Mid-Coast Savings Bank had total
assets of approximately $42 million.
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 September 14, 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: September 14, 1999
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INDEX TO EXHIBIT
EXHIBIT NO. DESCRIPTION PAGE
99 News release of FVNB Corp. 5
dated September 14, 1999.
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EXHIBIT 99
PRESS RELEASE FOR FURTHER C. DEE HARKEY,
TO BE RELEASED INFORMATION: EXECUTIVE VICE
SEPTEMBER 14, 1999 PRESIDENT & COO,
4:00 P.M. CDT FIRST VICTORIA
NATIONAL BANK
(361)572-6530
FVNB CORP. ANNOUNCES INTENT TO ACQUIRE MID-COAST SAVINGS BANK, SSB
VICTORIA, TEXAS - The Board of Directors of FVNB Corp. announced a letter
of intent has been signed to acquire Mid-Coast Savings Bank, SSB headquartered
in Edna, Texas. The transaction is expected to close late in the first quarter
of year 2000 and is subject to regulatory approval. Upon completion of the
transaction, the acquired bank will merge with First Victoria National Bank,
subsidiary bank of FVNB Corp. and its two locations in Edna and Ganado will
operate as branches of First Victoria National Bank. Headquartered in Victoria,
Texas, First Victoria National Bank currently has branch locations in Victoria,
Port Lavaca, and Taft, Texas.
According to David M. Gaddis, President and CEO of FVNB Corp., the
existing staff members of the acquired bank will be retained and become staff
members of First Victoria National Bank. Gaddis added, "We believe this is a
positive move for FVNB Corp., Mid-Coast Savings Bank, and the citizens of
Jackson County. Mid-Coast Savings has built an excellent reputation for
delivering a high level of personal customer service and First Victoria National
Bank plans to continue that tradition while offering additional products and
services to area residents." Gaddis said that First Victoria National Bank will
offer trust and investment management services, internet home banking, the
MasterMoney check card, and account access via telephone to Jackson County
residents. The acquisition will enable the bank to more conveniently serve the
financial needs of farmers, ranchers and agri-businesses of Jackson County, many
of whom are customers of First Victoria National Bank currently, as well as
serve the financial needs of all residents of the area.
FVNB Corp. and Mid-Coast Savings Bank reported total assets of
approximately $611 million and $42 million at June 30, 1999, respectively. FVNB
Corp. is the parent company of Citizens Bank of Texas, N.A. and CBOT Mortgage
Company in addition to First Victoria National Bank.
["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.] Subsidiary Banks, Member FDIC
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