December 20, 2000
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, one such complete copy being
filed with the Exchange has been manually signed on behalf of the Company.
Please call the undersigned at (504) 533-3299 if you have any questions
concerning this filing.
Very truly yours,
/s/Cathy E. Chessin
Cathy E. Chessin
Corporate Counsel and
Assistant Secretary
CEC/mch
Enclosure
cc: John Kiesel
<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) December 20, 2000
_____________________
December 18, 2000
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) 533-5333
<PAGE>
Item 5. Other Events.
On December 18, 2000 Hibernia announced that Stephen A. Hansel has resigned
as president and chief executive officer to pursue other business interests and
that J. Herbert Bodystun, the company's chief community banking executive, has
been named is successor. The press release announcing these changes is attached
to this Report as an Exhibit.
EXHIBIT INDEX
Exhibit Page
Number Description Number
99.8 News Release issued by the Registrant
on December 18, 2000 1
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: December 20, 2000 By: /s/ Cathy E. Chessin
Cathy E. Chessin
Corporate Counsel and
Assistant Secretary
<PAGE>
HIBERNIA CORPORATION o HIBERNIA NATIONAL BANK
P.O. BOX 61540 NEW ORLEANS, LOUISIANA 70161
MEDIA INQUIRIES: INVESTOR INQUIRIES:
Jim Lestelle - Senior Vice President Trisha Voltz - Vice President
and Manager, Corporate Communications and Manager, Investor Relations
Office: (504) 533-5482; Home: (504) 410-8826 Office: (504) 533-2180;
E-mail: [email protected] Home: (504) 779-1930
E-mail: [email protected]
For IMMEDIATE Release
Dec. 18, 2000
HANSEL RESIGNS AS HIBERNIA'S C.E.O.;
BOYDSTUN NAMED SUCCESSOR
NEW ORLEANS -- Hibernia today announced that Stephen A. Hansel has
resigned as president and chief executive officer to pursue other business
interests and that J. Herbert Boydstun, the company's chief community banking
executive, has been named his successor.
Hansel, a 30-year banker, served as CEO since March 1992, leading the
company through a successful recapitalization followed by an era of expansion
that saw assets quadruple and the company emerge as the market leader in
Louisiana and in the company's East Texas markets.
"Steve Hansel helped rebuild and expand a great banking company," said
Robert H. Boh, Hibernia's chairman. "We know he'll be an asset wherever he
goes."
Hansel said, "I'm proud of the value Hibernia people have created
through growth and improved financial performance since my arrival. I've been
privileged to have been part of leadership teams which built two great
bank-centered financial services companies -- Hibernia and Barnett Banks of
Florida -- and I hope and expect to find a similar opportunity."
Boydstun, 54, a member of Hibernia's board of directors, has been in
banking since 1972. He joined Hibernia in 1994 through a merger. As chief
community banking officer, he was in charge of the company's two-state,
265-office retail banking franchise.
"Herb has distinguished himself first in northeast Louisiana as CEO of
First Bancorp and later in his growing responsibilities at Hibernia," said Boh.
"We have confidence in Herb's guidance and leadership as he continues to develop
and implement Hibernia's long-term strategy."
Boydstun said, "I'm honored to be given the assignment to lead this
great 130-year-old company. Going forward, our basic strategy remains unchanged.
We want to continue building a Gulf South integrated financial services company
with a strong emphasis on service quality that will create value for our
shareholders."
A native of Louisville, Miss., Boydstun is a graduate of the University
of Mississippi and Louisiana State University. He has served as president of the
Louisiana Bankers Association and is active in the Financial Services Roundtable
and other professional and civic organizations.
Hibernia, a Fortune 1000 company, has $16.2 billion in assets. The
company has 265 locations in 34 Louisiana parishes, 16 Texas counties and two
Mississippi counties. Hibernia is the leader in Louisiana with 23.4% of deposits
and in its Texas market area with 10.7%. Hibernia Corporation's common stock
(HIB) is listed on the New York Stock Exchange. News releases, product and
service information, and other useful data are available at www.hibernia.com.
Requests for information about products and services can be e-mailed to
[email protected].
