January 27, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N. W.
Washington, D. C. 20549
Re: Hibernia Corporation
Current Report on Form 8-K
Commission File No. 1-10294
Dear Sirs:
Pursuant to rules and regulations adopted under the Securities
Exchange Act of 1934, as amended (the "Act"), transmitted hereby
for filing, on behalf of Hibernia Corporation (the "Company"), is
a Current Report on Form 8-K.
Pursuant to Section 13(a) of the Act, by copy hereof we are
filing with the New York Stock Exchange, the national securities
exchange on which the Common Stock of the Company is listed and
traded, two complete copies, including exhibits. Pursuant to
General Instruction E to Form 8-K, such complete copy being filed
with the Exchange has been manually signed on behalf of the
Company.
Please call the undersigned at (504) 533-2486 if you have any
questions concerning this filing.
Very truly yours,
/s/ PATRICIA C. MERINGER
Patricia C. Meringer
Secretary and Associate Counsel
PCM/gbp
Enclosures
cc: Joseph Lomnicky
Ron E. Samford, Jr.
Stephen D. M. Schuetz
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 27, 1995
----------------
January 25, 1995
Hibernia Corporation
- -----------------------------------------------------------------
(Exact name of issuer as specified in its charter)
Louisiana 1-10294 72-0724532
- --------------- ------------ -------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
organization)
313 Carondelet Street, New Orleans, Louisiana 70130
- ----------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (504) 533-5332
--------------
<PAGE>
Item 5. Other Events.
------------
On January 25, 1995, the Registrant announced that it had
agreed to merge with Bank of St. John, a state bank headquartered
in LaPlace, Louisiana, subject to the satisfaction of certain
conditions, including receipt of required regulatory approvals.
EXHIBIT INDEX
Exhibit Page
Number Description Number
- ------- ----------- ------
28.22 News Release issued by the Registrant
on January 25, 1995 3
SIGNATURE
---------
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.
HIBERNIA CORPORATION
--------------------
(Registrant)
Date: January 27, 1995 By: /s/ RONALD E. SAMFORD, JR.
Ronald E. Samford, Jr.
Chief Accounting Officer
<PAGE>
EXHIBIT 28.22
NEWS RELEASE
HIBERNIA CORPORATION
For Additional Information: For Release:
IMMEDIATE
January 25, 1995
MEDIA INQUIRIES:
Jim Lestelle, Manager
Corporate Communications
Office: (504) 533-5482
Home: (504) 488-8826
INVESTOR INQUIRIES:
Linda Meche, Manager
Finance & Investor Relations
Office: (504) 533-2180
Home: (504) 832-3604
HIBERNIA EXPANDS RIVER PARISHES NETWORK IN MERGER
WITH BANK OF ST. JOHN
NEW ORLEANS -- Hibernia announced today it has signed a
definitive agreement to merge with Bank of St. John, headquartered
in LaPlace.
Bank of St. John has $113 million in assets and four office:
two in LaPlace and one each in Reserve and Edgard. It also has a
loan production office in Metairie. Hibernia has one office in
LaPlace and another in Reserve. The Edgard office would be
Hibernia's first on the west bank of St. John the Baptist Parish.
Hibernia's deposits in St. John, one of the fastest-growing
regions in Louisiana, would grow from slightly more than $41
million to $137 million, the leading position in the market.
Bank of St. John shareholders would receive Hibernia stock
valued at approximately $25.9 million in a tax-free pooling of
interests. The merger is subject to approvals by regulators and
Bank of St. John shareholders and should be completed about mid-
year.
<PAGE>
Founded just after the turn of the century, Bank of St. John
focuses on consumer deposits as well as middle-market commercial,
consumer and residential real estate lending.
"They have built a strong, loyal customer base through
responsive, market-driven service," said Stephen A. Hansel,
Hibernia president and CEO. "This is precisely the kind of
reputation Hibernia is working to ensure. We intend to enhance
banking services and convenience and create a financial services
network that can help the region prosper and grow even more."
St. John has enjoyed low unemployment and high population and
housing growth. The parish's median annual household income also
is well above the average for Louisiana.
"Our customers will be able to consolidate all of their
financial transactions into one institution and still be served by
the same friendly, dedicated bankers they've always known," said
Darryl Chauvin, Bank of St. John's chairman, president and CEO, who
will continue as president of the combined St. Charles and St. John
markets after completion of the merger.
Bank of St. John customers should continue using their checks,
making loan payments and conducting other transactions just as
before. Only after the bank is converted to Hibernia's operating
systems would checks, signs and forms change.
<PAGE>
Hibernia National Bank would have approximately $6.8 billion
in assets and 162 banking locations serving 22 parishes and 55
cities after this and other pending mergers, which also are subject
to approvals, are completed. These markets represent approximately
three-quarters of the state's population. It would be either
first, second or third in deposit share in 17 of these parishes.
Hibernia Corporation's common stock (HIB) is listed on the New
York Stock Exchange.
