Rule 424(b)(3)
Registration No. 33-68974
Prospectus Supplement Dated December 14, 1995
to
Reoffer Prospectus Dated September 17, 1993
Reoffers or Resales of Shares of Common Stock
Par Value $1.25 Per Share of Summit Bancshares, Inc.
Acquired or to be Acquired Pursuant to the
1981 Incentive Stock Option Plan of ALTA MESA NATIONAL BANK
1982 Incentive Stock Option Plan of SUMMIT BANCSHARES, INC.
1993 Incentive Stock Option Plan of SUMMIT BANCSHARES, INC.
The information set forth in this Prospectus Supplement (the
"Prospectus Supplement") supplements certain of the information set forth
in the reoffer Prospectus dated September 17, 1993 (the "Prospectus").
This Prospectus Supplement is not complete without, and may not be
delivered or utilized except in connection with, the Prospectus.
Capitalized terms used herein but not defined have the meanings assigned
to such terms in the Prospectus.
SUMMIT BANCSHARES, INC.
318,768
COMMON STOCK
This Prospectus relates to the offer and sale from time to time of
up to 318,768 shares of common stock, $1.25 par value (the "Shares") of
Summit Bancshares, Inc. (the "Company") by the Selling Shareholders (the
"Offering"), and is prepared in accordance with General Instruction C to
Form S-8, to be used in connection with the resale of CONTROL SECURITIES
acquiried or to be acquired by the Selling Shareholders pursuant to the
exercise of options granted under the 1981 Incentive Stock Option Plan
of Alta Mesa National Bank, the 1982 Incentive Stock Option Plan of
Summit Bancshares, Inc., or the 1993 Incentive Stock Option Plan of
Summit Bancshares, Inc. (collectively, the "Plans"). See "SELLING
SHAREHOLDERS."
The Company will provide without charge to each person to whom this
Prospectus has been delivered, upon written or oral request of such
person, a copy of any or all of the documents that have been incorporated
by reference in this Prospectus, other than exhibits to such documents
(unless such exhibits are specifically incorporated by reference in such
documents). Any such request should be directed to Mr. Bob G. Scott,
Summit Bancshares, Inc., 1300 Summit Avenue, Fort Worth, Texas 76102,
(817) 336-6817.
SELLING SHAREHOLDERS
The following table sets forth certain information as of December 7,
1995 regarding the Common Stock of the Company beneficially owned by the
Selling Shareholders, and any position, office or other material
relationship which the Selling Shareholders have had in the past three
years with the Company.
-1-
<TABLE>
<CAPTION>
Number of Shares
of Common Stock Under
This Offering (3)
---------------------
Number of Percentage
Subject Shares of of Shares of
Position Shares Acquired Under to Options Common Stock Common Stock
Office or Beneficially Plans & Held Outstanding Owned After Owned After
Material Owned Prior Subject to This Under the Sale Under Sale Under
Name(1) Relationship to Offering Offering(2) Plans(4) This Offering(5) This Offering(6)
------- ------------ ------------ ---------------- ----------- --------------- ---------------
<S> <S> <C> <C> <C> <C> <C>
James L. Murray Chairman of the
Board and Director 139,228 0 58,000 81,228 2.58%
F. S. Gunn Vice Chairman of the
Board and Director 180,466 58,000 0 122,466 3.89%
Jeffrey M. Harp Executive Vice
President, Secretary, 98,612 46,000 40,000 12,612 0.40%
Treasurer and Director
Phillip E. Norwood President, Chief
Executive Officer 108,256 39,968 68,800 1,888 0.06%
and Director
Bob G. Scott Senior Vice President
and Chief Financial 8,000 0 8,000 0 0.00%
Officer
TOTAL 534,562 143,968 174,800 218,194 6.93%
<FN>
(1) Except as otherwise noted, each of the persons named has sole voting and dispositive power with respect to the shares
reported.
(2) Includes all shares which have been or may have been acquired under the Plans subject to options except those shares not
exercisable within sixty (60) days from the date of this Prospectus, and includes all other shares for which beneficial
ownership is deemed pursuant to Rule 13d-3 under the Exchange Act.
(3) For each of the Selling Shareholders, the sum of these two columns is the total number of Shares which may be offered for
his account pursuant to the Prospectus. The sum of the totals of these two columns equals the total number of Shares
registered under this Offering.
(4) Only includes Shares subject to option exercisable within sixty (60) days that were granted pursuant to the Plans.
(5) Does not include any Shares that have been acquired or may be acquired pursuant to the Plans.
(6) Based on 3,149,486 shares of Common Stock outstanding at December 7, 1995, which assumes the exercise of all options
underlying the Shares offered hereby.
</FN>
</TABLE>
There is no assurance that any of the Selling Shareholders will sell any
or all of the shares of Common Stock offered by them under the Prospectus.
The Prospectus may be amended or further supplemented from time to time to
add or delete persons who have acquired or will acquire shares of Common
Stock under the Plans, or who have disposed of such shares of Common Stock,
to or from the list of Selling Shareholders.
