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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
Texas Regional Bancshares, Inc.
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(Name of Issuer)
Class A Voting Common
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(Title of Class of Securities)
882673 10 6
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /.
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
(Continued on following page(s))
Page 1 of 5 Pages
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CUSIP No. 882673 10 6 Page 2 of 5 Pages
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1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons
Glen E. Roney
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S.S. No. ###-##-####
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) /X/
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3) SEC Use Only
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4) Citizenship or Place of Organization United States
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Number of Shares (5) Sole Voting Power 1,026,540 shares
Beneficially -----------------------------------------------------
Owned by (6) Shared Voting Power 193,595 shares
Each Reporting -----------------------------------------------------
Person With (7) Sole Dispositive Power 958,900 shares
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(8) Shared Dispositive Power 261,235 shares
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,220,135 shares
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
/X/
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11) Percent of Class Represented by Amount in Row 9 9.11 percent
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12) Type of Reporting Person (See Instructions) IN
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Schedule 13G Page 3 of 5
December 31, 1997
Item 1(a) Name of Issuer:
Texas Regional Bancshares, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
P.O. Box 5910, 3700 North Tenth, Suite 301
McAllen, Texas 78502-5910
Item 2(a) Name of Person Filing:
Glen E. Roney
Item 2(b) Address of Principal Business Office or, if none Residence:
P.O. Box 5910, 3700 North Tenth, Suite 301
McAllen, Texas 78502-5910
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Class A Voting Common Stock
Item 2(e) CUSIP Number:
882673 10 6
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable
Item 4 Ownership:
(a) Amount Beneficially Owned: 1,220,135 shares of Class A Voting
Common of which 275,701 shares represents the right to acquire
shares through the exercise of options.
(b) Percent of Class: 9.11 percent
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Schedule 13G Page 4 of 5
December 31, 1997
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,026,540 shares
(ii) shared power to vote or to direct the vote:
193,595 shares
(iii) sole power to dispose or to direct the disposition of:
958,900 shares
(iv) shared power to dispose or to direct the disposition of:
261,235 shares
Note: This statement includes shares allocated to my
account and held by the Texas Regional Bancshares,
Inc. Employee Stock Ownership Plan (the "ESOP"). I
and three other individuals, Morris Atlas, Frank N.
Boggus, and Joe M. Kilgore serve as Co-Trustees of the
Employee Stock Ownership Trust (the "Trust") related
to the ESOP. The ESOP Plan and Trust Agreement give
the Trustees the power to vote unallocated shares and
to direct the disposition of dividends and the
proceeds from the sale of shares. Plan participants
have the power to vote shares allocated to their
accounts. The ESOP Plan and Trust Agreement also give
the Trustees certain limited power to dispose of
shares held pursuant to the ESOP Plan, based on
limitations and conditions as contained in the ESOP
Plan and Trust Agreement. As of December 31, 1997 a
total of 516,178 Class A Voting Common shares were
held pursuant to the ESOP Plan and Trust Agreement.
All of the shares held pursuant to the ESOP Plan and
Trust Agreement have been allocated to participant
accounts except for 32 shares. Only those 32 unallocated
shares and those allocated to my account as an employee of
Texas Regional Bancshares, Inc. and a participant in the
ESOP at December 31, 1997 are included in this statement.
Item 5 Ownership of Five Percent or Less of a Class:
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
I disclaim beneficial ownership of 103,656 shares included
in this statement. These shares are held by the Texas
State Bank Trust Department and as a member of the Trust
Committee along with several other individuals, I have
the power to vote the shares. However, I do not have the
right to receive, nor the right to proceeds from the sale
of, such securities.
I also disclaim beneficial ownership of 32 shares included in
this statement. These shares are held by the ESOP Trust and as
a Co-Trustee; as described in Item 4 above, I have the power
to vote the shares. However, I do not have the right to receive,
nor the right to proceeds from the sale of, such securities.
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Schedule 13G Page 5 of 5
December 31, 1997
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company:
Not applicable
Item 8 Identification and Classification of members of the Group:
Not applicable
Item 9 Notice of Dissolution of Group:
Not applicable
Item 10 Certification:
Not applicable
Signature After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
February 13, 1998
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Date
/s/ G.E. RONEY
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Signature
G.E. Roney
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Name/Title
