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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
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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)
12-31-98
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
*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).
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CUSIP No. 882673 10 6
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(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLEN E. RONEY
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(2) Check the Appropriate Box if a Member (a) / /
of a Group (See Instructions) (b) / /
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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
Beneficially 1,046,988
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 223,744
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(7) Sole Dispositive Power
977,696
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(8) Shared Dispositive Power
293,036
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,270,732
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
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(11) Percent of Class Represented by Amount in Row (9)
8.6%
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(12) Type of Reporting Person (See Instructions)
IN
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ITEM 1.
(a) Name of Issuer
TEXAS REGIONAL BANCSHARES, INC.
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(b) Address of Issuer's Principal Executive Offices
3900 NORTH 10TH STREET, 11TH FLOOR, McALLEN, TX 78502-5910
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ITEM 2.
(a) Name of Person Filing
GLEN E. RONEY
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(b) Address of Principal Business Office or, if none, Residence
3900 NORTH 10TH STREET, 11TH FLOOR, McALLEN, TX 78502-5910
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(c) Citizenship
USA
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(d) Title of Class of Securities
CLASS A VOTING COMMON
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(e) CUSIP Number
882673 10 6
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) / / Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) / / Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) / / An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E).
(f) / / An employee benefit plan or endowment fund in accordance with
section 240.13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance with
section 240.13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) / / A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3).
(j) / / Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
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ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
1,270,732 of which 294,417 shares represents the right to acquire
shares through the exercise of options
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(b) Percent of class:
8.6
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
1,046,988
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(ii) Shared power to vote or to direct the vote
223,744
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(iii) Sole power to dispose or to direct the disposition of
977,696
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(iv) Shared power to dispose or to direct the disposition of
293,036
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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 two other individuals, Morris Atlas and
Frank N. Boggus 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,
1998 a total of 533,996 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. Those shares allocated to my
account as an employee of Texas Regional Bancshares, Inc. and a
participant in the ESOP at December 31, 1998 are included in this
statement.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following. / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
I disclaim beneficial ownership of 106,837 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.
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
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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.
2-12-99
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Date
/s/ G. E. Roney
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Signature
G. E. Roney
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Name/Title
