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
January 29, 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 (I.R.S. Employer
incorporation 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)
<PAGE>
ITEM 5. OTHER EVENTS
The news release of FVNB Corp. dated January 29, 1999, attached and filed
herewith as Exhibit 99, is incorporated by reference. The release announced the
completion of the acquisition and merger into FVNB Corp. of CBOT Financial
Corporation, the parent company of Citizens Bank of Texas, N.A. and CBOT
Mortgage Company. Citizens Bank of Texas will continue to operate as an
independent subsidiary of FVNB Corp. with its Board of Directors, officers and
staff being retained. Existing banking facilities in New Waverly, Huntsville and
The Woodlands will keep the name Citizens Bank of Texas, N.A. At December 31,
1998 Citizens Bank of Texas N.A. had approximately $80 million in total assets.
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 January 29, 1999.
2
<PAGE>
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: January 29, 1999
3
<PAGE>
INDEX TO EXHIBIT
Exhibit No. Description Page
99 News release of FVNB Corp. 5
dated January 29, 1999.
4
EXHIBIT 99
PRESS RELEASE FOR FURTHER BEVERLY KAHANEK
TO BE RELEASED INFORMATION: VICE PRESIDENT &
JANUARY 29, 1999 MARKETING OFFICER
4:00 P.M. CST FIRST VICTORIA NATIONAL BANK
512/572-6555
FVNB CORP. COMPLETES ACQUISITION OF CBOT FINANCIAL CORPORATION
VICTORIA, TEXAS - FVNB CORP. TODAY ANNOUNCED THE COMPLETION OF THE ACQUISITION
AND MERGER INTO FVNB CORP. OF CBOT FINANCIAL CORPORATION, THE PARENT COMPANY OF
CITIZENS BANK OF TEXAS, N.A. AND CBOT MORTGAGE COMPANY. ACCORDING TO DAVID M.
GADDIS, PRESIDENT AND CEO OF FVNB CORP., "THE ACQUISITION OF CITIZENS BANK OF
TEXAS N.A. AND CBOT MORTGAGE COMPANY WILL PROVIDE GROWTH TO OUR COMPANY AND
ALLOW US TO ENTER NEW MARKETS AND CONTINUE OUR LONG STANDING TRADITION OF
PROVIDING INDEPENDENT TEXAS BANKING."
FOUNDED IN 1907 IN NEW WAVERLY, TEXAS, CITIZENS BANK OF TEXAS WILL CONTINUE TO
OPERATE AS AN INDEPENDENT SUBSIDIARY OF FVNB CORP. WITH ITS BOARD OF DIRECTORS,
OFFICERS AND STAFF BEING RETAINED. EXISTING BANKING FACILITIES IN NEW WAVERLY,
HUNTSVILLE AND THE WOODLANDS WILL KEEP THE NAME CITIZENS BANK OF TEXAS, N.A. AT
DECEMBER 31, 1998 CITIZENS BANK OF TEXAS N.A. HAD APPROXIMATELY $80 MILLION IN
TOTAL ASSETS. ROGER LAWRENCE, WHO WILL CONTINUE AS PRESIDENT OF CITIZENS BANK
STATED "OUR NEW AFFILIATION WITH FVNB WILL ALLOW US TO BE EVEN MORE COMPETITIVE
WITH A LARGER LOAN LIMIT, TRUST SERVICES AND OTHER SERVICES PROVIDED BY FVNB."
FVNB CORP. IS THE PARENT COMPANY OF FIRST VICTORIA NATIONAL BANK , THE SECOND
OLDEST INDEPENDENT BANK IN TEXAS ESTABLISHED IN 1867. AT DECEMBER 31, 1998 FVNB
CORP. HAD APPROXIMATELY $553 MILLION IN TOTAL ASSETS. THE HOLDING COMPANY HAS
BANKING FACILITIES IN VICTORIA, PORT LAVACA AND TAFT, TEXAS.
FVNB CORP. COMMON STOCK IS TRADED ON THE NASDAQ STOCK MARKET UNDER THE SYMBOL
FVNB.
"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 THE COMPANY, THE OCCURRENCE OF WHICH INVOLVE CERTAIN RISKS AND
UNCERTAINTIES DETAILED IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE
COMMISSION.
5
