<PAGE> 1
SCHEDULE 14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
Filed by the registrant [ ]
Filed by a party other than the registrant [ ]
Check the appropriate box:
[ ] Preliminary proxy statement. [ ] Confidential, for use of the
Commission only (as permitted by
Rule 14a-6(e)(2).
[X] Definitive proxy statement.
[ ] Definitive additional materials.
[ ] Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12.
FARMERS & MERCHANT BANCORP, INC.
- --------------------------------------------------------------------------------
(Name of Registrant as Specified in Its Charter)
FARMERS & MERCHANT BANCORP, INC.
- --------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement if Other Than the Registrant)
Payment of filing fee (check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11.
(1) Title of each class of securities to which transaction applies:
- --------------------------------------------------------------------------------
(2) Aggregate number of securities to which transaction applies:
- --------------------------------------------------------------------------------
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
- --------------------------------------------------------------------------------
(4) Proposed maximum aggregate value of transaction:
- --------------------------------------------------------------------------------
(5) Total fee paid:
- --------------------------------------------------------------------------------
[ ] Fee paid previously with preliminary materials.
- --------------------------------------------------------------------------------
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration
statement number, or the form or schedule and the date of its filing.
(1) Amount Previously Paid:
- --------------------------------------------------------------------------------
(2) Form, Schedule or Registration Statement No.:
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(3) Filing Party:
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(4) Date Filed:
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<PAGE> 2
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To be held April 8, 2000
NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of Farmers &
Merchants Bancorp, Inc., an Ohio corporation ("Corporation") will be held at
Founders Hall, located at Sauder Farm and Craft Village, State Route 2,
Archbold, Ohio 43502 on April 8, 2000 at 1:00 P.M., EST, for the following
purposes:
1. To elect fifteen directors of the Corporation;
2. To ratify the appointment of Krouse, Kern & Co., Inc. as independent
auditors of the Corporation and its subsidiaries for the calendar year
ending December 31, 2000;
3. To transact such other business as may properly come before the
meeting or any adjournment thereof.
The Board of Directors has fixed the close of business on December 31, 1999, as
the record date for the determination of shareholders who are entitled to notice
of and to vote at the meeting.
By Order of the Board of Directors
/s/ Carol J. England
----------------------------------
Carol J. England
Secretary
Archbold, Ohio
March 8, 2000
YOU ARE URGED TO SPECIFY YOUR CHOICES, DATE, AND SIGN THE ACCOMPANYING PROXY
AND MAIL IT PROMPTLY IN THE ENCLOSED POSTAGE-PAID ENVELOPE, WHETHER OR NOT YOU
PLAN TO ATTEND THE MEETING.
<PAGE> 3
PROXY STATEMENT
for
ANNUAL MEETING OF SHAREHOLDERS
April 8, 2000
This Proxy Statement is furnished in connection with the solicitation of proxies
by the Board of Directors of Farmers & Merchants Bancorp, Inc., an Ohio
corporation ("Corporation") to be used at the Annual Meeting of Shareholders of
the Corporation, to be held at the Founders Hall, located at Sauder Farm and
Craft Village, State Route 2, Archbold, Ohio 43502 on April 8, 2000 at 1:00
P.M., EST, and at any adjournments thereof, pursuant to the accompanying Notice
of Meeting.
You are requested to complete, date and sign the accompanying proxy and return
it promptly to the Corporation in the enclosed envelope. The proxy may be
revoked at any time before it is voted by written notice to the Corporation
prior to the start of the meeting, and any shareholder attending the meeting may
vote in person whether or not he has previously submitted a proxy. Where no
instructions are indicated, proxies will be voted FOR the election of the
fifteen nominees for directors, and FOR the ratification of the appointment of
Krouse, Kern & Co., Inc. as the independent public accountants for the calendar
year 2000.
The Board of Directors has fixed the close of business on December 31, 1999 as
the record date for the determination of shareholders who are entitled to notice
of and to vote at the meeting. The transfer books of the Corporation will not be
closed.
On the record date, there were outstanding 1,300,000 shares of the Corporation's
common stock, without par value ("Common Stock"), the holders of which are
entitled to one vote per share.
Other rights of a shareholder are:
A shareholder may
- Abstain from voting on directors as a whole
- Abstain from voting on other proxy matters
- Abstain from voting for one or more nominees
- Approve each proxy matter
- Disapprove each proxy matter
- Vote for or against each nominee without having its proxy
ignored
<PAGE> 4
The laws of Ohio under which the Corporation is incorporated provide that, if
notice in writing is given by any Shareholder to the President, Vice President
or the Secretary of the Corporation not less than 48 hours before the time fixed
for holding a meeting of Shareholders for the purpose of electing Directors,
that he desires that the voting at that election shall be cumulative, and if an
announcement of the giving of such notice is made upon the convening of the
meeting by the Chairman or Secretary or by or on behalf of the Shareholder
giving such notice, each Shareholder shall have the right to cumulate such
voting powers as he possesses in voting for Directors.
This Proxy Statement and the accompanying Notice of Annual Meeting of
Shareholders and Proxy are being mailed to the Corporation's shareholders on or
about March 8, 2000.
ELECTION OF DIRECTORS
The Code of Regulations of Farmers & Merchants Bancorp, Inc. provides that the
number of Directors to be elected at the Shareholder Meeting will be determined
by the vote of the Shareholders, but shall not be less than nine or greater than
twenty. Currently, the number of Directors is set at fifteen.
Fifteen Directors of the Corporation are to be elected at the meeting. Each such
Director will be elected to serve in accordance with the By Laws of the
Corporation until the next annual meeting of shareholders and until his
successor is elected and qualified. The favorable vote of holders of a majority
of the shares of Common Stock represented at the meeting, in person or by proxy,
is required to elect any nominee for director.
It is the intention of the individual named in the enclosed form for proxy to
vote such proxy for the election of directors of persons hereinafter named.
Management has no reason to believe that any of the nominees for the office of
director will not be available for election as a director. However, should any
of them become unwilling or unable to accept nomination for election, it is
intended that the individuals named in the enclosed proxy may vote for the
election of such other person or persons as management may recommend.
Set forth below is information concerning the nominees for the election to the
Board of Directors.
<TABLE>
<CAPTION>
Year
First
Principal Occupation or Became
Name Age Employment for Past Five Years Director
---- --- ------------------------------ --------
<S> <C> <C> <C>
Eugene Bernath 66 Farmer 1978
Dexter Benecke 57 President, Viking Trucking, Inc. 1999
Jerry L. Boyers 66 President, Edifice Construction 1976
Management
Joe E. Crossgrove 63 President, Chief Executive Officer 1992
The Farmers & Merchants State
Bank
Robert G. Frey 59 President, E. H. Frey & Sons, Inc. 1987
Lee E. Graffice 68 President, Graffice Motor Sales 1983
Jack C. Johnson 47 President, Hawk's Clothing, Inc. 1991
Partner, REJO Partnership
</TABLE>
<PAGE> 5
<TABLE>
<S> <C> <C> <C>
Dean E. Miller 55 President, MBC Holdings, Inc. 1986
Dale L. Nafziger 69 Vice-President, Homestead Ice Cream Co. 1969
Harold H. Plassman 70 Attorney, Plassman, Rupp, Hensel 1985
& Short
James L. Provost 71 Retired, Dyer & McDermott, Inc. 1995
James C. Saneholtz 53 President, Saneholtz-McKarns, Inc. 1995
Maynard Sauder 67 President, Sauder Woodworking Co. 1980
Merle J. Short 59 Farmer, President of Promow, Inc. 1987
Steven J. Wyse 55 President, SteelinQ Systems, Inc. 1991
</TABLE>
Harold H. Plassman is an attorney with membership in the law firm of Plassman,
Rupp, Hensal & Short of Archbold, Ohio. The law firm has been retained by the
Corporation, and its subsidiaries, during the past thirteen years and is to be
retained currently.
MANAGEMENT RECOMMENDS THAT THE SHAREHOLDERS VOTE FOR THE ELECTION OF THE
ABOVE-NAMED NOMINEES AS DIRECTORS OF THE CORPORATION.
OWNERSHIP OF COMMON STOCK
The following table sets forth the number of shares of Common Stock beneficially
owned at December 31, 1999 by (a) each person who is known by the Corporation to
beneficially own more than five percent of the Common Stock, (b) each director
and nominee, and (c) all directors and officers as a group.
<TABLE>
<CAPTION>
Name and Address of Amounts of Shares of Common
Beneficial Owner Stock Beneficially Owned Percent of Total
---------------- ------------------------ ----------------
<S> <C> <C>
Beneficial owners of more than 5%:
None
Beneficial ownership of nominees for director:
Dexter Benecke 140 .01%
Eugene Bernath 3,776 .29
Jerry Boyers 3,380 .26
Joe E. Crossgrove 2,600 .20
Robert Frey 3,525 .27
Lee Graffice 10,110 .78
Jack C. Johnson 1,075 .08
Dean Miller 7,575 .58
Dale L. Nafziger 10,550 .81
Harold H. Plassman 14,721 1.13
James Provost 2,160 .17
James Saneholtz 325 .03
Maynard Sauder 17,870 1.37
Merle J. Short 3,990 .32
Steven J. Wyse 20,405 1.57
</TABLE>
<PAGE> 6
The Directors as a group hold and beneficially own 102,202 shares or 7.86% of
the total outstanding shares of the Corporation as of December 31, 1999.
Directors and principal officers as a group hold and beneficially own 127,199
shares or 9.78% of the total shares outstanding.
In the determination of beneficial ownership, management has limited the
inclusion of shares to members of shareholders' immediate household.
No family relationships exists between any directors or principal officers and
there are no arrangements or understandings between any Director and principal
officer and any other person.
MEETINGS AND COMMITTEES OF THE BOARD OF DIRECTORS
The directors of Farmers & Merchants Bancorp, Inc. are also the directors of The
Farmers & Merchants State Bank and Farmers & Merchants Life Insurance Co.
The Board of Directors met twenty-six times during the 1999 calendar year. All
but two of the current directors of the Corporation attended at least
seventy-five percent of the meetings of the Board. Maynard Sauder was in
attendance at sixty-nine percent of the meetings and Steve Wyse was in
attendance at fifty-eight percent of the meetings. Average attendance at Board
meetings held during the year was eighty percent.
The Board of Directors of the Bank subsidiary, The Farmers & Merchants State
Bank has an Audit Committee composed of Eugene Bernath, Director and Chairman of
the Board, Maynard Sauder, Director and Vice Chairman, James Provost, Director,
and Kent Roth, Internal Auditor. The function of the Audit Committee is to
review the adequacy of the Company's system of internal controls, to investigate
the scope and adequacy of the work of the Company's independent public
accountants and to recommend to the Board of Directors a firm of accountants to
serve as the Company's independent public accountants. The audit committee met
three times during the 1999 year.
The Board of Directors of Farmers & Merchants Bancorp, Inc. does not have a
standing nominating or compensation committee or committees performing similar
functions. The Board of Directors of the Bank's subsidiary, however, does have
an Executive Salary Committee which is responsible for establishing salary
levels for its executive officers. This committee is composed of Maynard Sauder,
Eugene Bernath, Jack Johnson and Joe Crossgrove. Joe Crossgrove does not
participate in the establishment of his salary.
COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS
The executive officers of the Company receive no compensation from the Company
for services rendered as executive officers of the Company. Instead, they are
paid by the Company's bank subsidiary, The Farmers & Merchants State Bank, for
services rendered in their capacity as executive officers of the Company and its
subsidiaries. The Company and its other non-bank subsidiaries reimburse the Bank
subsidiary for their share of applicable payroll costs. Decisions on
compensation are made by the Executive Salary Committee of The Farmers &
Merchants State Bank.
In determining the compensation of the executive officers of the Company's
subsidiaries, the subsidiaries have sought to create a compensation program that
relates compensation to financial performance, recognizes individual
contributions and achievements, and attracts and retains outstanding executive
officers.
Each year, the Executive Salary Committee of The Farmers & Merchants State Bank
sets a salary for its executive officers by reviewing the performance of each
officer, as well as, by making compensation comparisons with banks of similar
size in order to determine whether such salary levels are adequate to attract
and retain qualified executive officers. Officers, who are also members of the
Board of Directors, do not participate in the voting as it pertains to
compensation matters.
There are two components of the compensation program for all executive officers
of the Company's subsidiary, The Farmers & Merchants State Bank, a base salary
component and a bonus component, which is applicable to all employees, set by
the Board of Directors in December of each year, and paid in that year.
<PAGE> 7
The following table shows, for fiscal years ended December 31, 1999, 1998 and
1997, the cash compensation paid by the Company and its subsidiaries, as well
as, certain other compensation paid or accrued for those years, to Joe E.
Crossgrove, the Executive Vice President and Treasurer of Farmers & Merchants
Bancorp, Inc., President and Chief Executive Officer of The Farmers & Merchants
State Bank, and Vice President of Farmers & Merchants Life Insurance Company.
The holding company has no employees; all compensation was paid by the bank
subsidiary. None of the other executive officers of the Company were paid salary
and bonus for the 1999 fiscal year in an amount which exceeded $100,000.
<TABLE>
<CAPTION>
Name and Base Other Annual
Principal Position Year Salary Bonus Compensation
- ------------------ ---- ------------- ------------- ------------
<S> <C> <C> <C> <C>
Joe E. Crossgrove 1999 $ 134,811 $ 18,400 $ 17,129
Executive Vice 1998 128,767 24,035 17,457
President & Cashier 1997 111,667 19,410 13,774
</TABLE>
Salary includes directors' fees of $8,400 for 1999, 1998 and 1997.
Other compensation is the annual cost attributable to contributions to the
401(k) profit sharing plan.
Directors of The Farmers & Merchants State Bank are compensated at a rate of
$300 each for each meeting attended, plus a bonus of $600. Directors receive no
compensation for services performed while serving on special committees.
No incidental benefits accrue to officers which, in the opinion of management,
are not job related, normal and appropriate in connection with the conduct of
the bank subsidiary's business affairs.
There are no long-term incentive programs or stock option programs in effect.
RETIREMENT INCOME PLAN
The Bank has established a 401(k) profit sharing plan which allows eligible
employees to save at a minimum one percent of eligible compensation on a pre-tax
basis, subject to certain Internal Revenue Service limitations. The Bank will
match 50% of employee 401(k) contributions up to four percent of total eligible
compensation. In addition the Bank may make a discretionary contribution from
time to time as is deemed advisable. A participant is 100% vested in the
participant's deferral contributions and employer matching contributions. A
seven year vesting schedule applies to employer discretionary contributions.
In order to be eligible to participate, the employee must be 21 years of age,
completed six months of service, work 1,000 hours in the plan year and be
employed on the last day of the year. Entry dates have been established at
January 1 and July 1 of each year.
The plan calls for only lump-sum distributions upon either termination of
employment, retirement, death or disability.
<PAGE> 8
PERFORMANCE GRAPH
Below is a graph comparing the yearly percentage change in the Company's
cumulative total shareholder return on its common shares with an index for
NASDAQ Stock Market (U.S. Companies) comprised of all domestic common shares
traded on the NASDAQ National Market System, and an index for financial
institutions with total assets greater than $500 million compiled by SNL
Securities for the five-year period ended December 31, 1999.
The Board of Directors recognize that the market price of stock is influenced by
many factors, only one of which is performance. The stock price performance
shown on the graph is not necessarily indicative of future performance.
RETURNS ASSUME DIVIDEND REINVESTMENT
INDEXED TO $100 AT 12/31/94
[LINE GRAPH]
<TABLE>
<CAPTION>
Period Ending
----------------------------------------------------------------------------
Index 12/31/94 12/31/95 12/31/96 12/31/97 12/31/98 12/31/99
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Farmers & Merchants Bancorp, Inc. 100.00 122.78 158.22 222.97 310.5 337.28
NASDAQ - Total US(*) 100.00 141.33 173.89 213.07 300.25 542.43
SNL $500M-$1B Bank Index 100.00 132.76 165.97 269.8 265.28 245.56
</TABLE>
SNL Securities LC (804) 977-1600
(C) 2000
(*)Source: CRSP, Center for Research in Security Prices, Graduate School of
Business, The University of Chicago 1999. Used with permission. All rights
reserved. crsp.com.
<PAGE> 9
INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS
Directors and principal officers of the bank subsidiary and their associates
were customers of, and had transactions with, the bank subsidiary in the
ordinary course of business during the year 1999. All loans and commitments
included in such transactions were made on substantially the same terms,
including interest rates and collateral, as those prevailing at the time for
comparable transactions with other persons and do not involve more than normal
risk of collectibility or present other unfavorable features. The maximum
aggregate amount of loans to directors and principal officers of the bank
subsidiary during 1999 was in the amount of $15.6 million. This maximum amount
occurred in November, 1999. The December 31, 1999 balance of director and
principal officer loans in the aggregate of $14.2 million amounts to 30.2% of
the equity capital of the bank subsidiary at that date. As of the date hereof,
all of such loans were performing loans.
RATIFICATION OF APPOINTMENT OF AUDITORS
The Board of Directors intends to reappoint the firm of Krouse, Kern & Co.,
Inc., independent certified public accountants, to be auditors of the
Corporation and its subsidiaries for the calendar year ending December 31, 2000,
and recommends to shareholders that they vote for ratification of that
appointment. Krouse, Kern & Co., Inc., served as auditors of the Corporation and
its subsidiaries for the year 1999. Although it is not required to do so, the
Board of Directors is submitting the appointment of Krouse, Kern & Co., Inc.,
for ratification by shareholders in order to ascertain the views of the
shareholders. If such appointment is not ratified, the Board will consider, but
not necessarily select other auditors.
Representatives of Krouse, Kern & Co., Inc., will be present at the
shareholders' meeting and will be given the opportunity to make a statement if
they desire to do so. They will also be available to respond to appropriate
questions. The Corporation has been advised by Krouse, Kern & Co., Inc., that no
member of that firm has any financial interest, either direct or indirect, in
the Corporation or its subsidiaries, other than as a depositor, and it has no
connections with the Corporation or its subsidiaries in any capacity other than
that of public accountants.
MANAGEMENT RECOMMENDS THAT THE SHAREHOLDERS VOTE FOR RATIFICATION OF THE
RETENTION OF KROUSE, KERN & CO., INC.
PROPOSALS OF SHAREHOLDERS FOR NEXT ANNUAL MEETING
Proposals of shareholders intended to be presented at the 2000 Annual
Shareholders' Meeting must be received at the Corporation's offices at 307-11
North Defiance Street, Archbold, Ohio 43502, prior to December 1, 2000 for
inclusion in the proxy statement and form of proxy.
OTHER MATTERS
The Board of Directors does not know of any other matters which are likely to be
brought before the meeting. However, in the event that any other matters
properly come before the meeting, the persons named in the enclosed proxy will
vote said proxy in accordance with their judgment on such matters.
The cost of preparing, assembling and mailing this Proxy Statement, the Notice
of Meeting and the enclosed proxy will be borne by the Corporation.
In addition to the solicitation of proxies by use of the mails, the Corporation
will utilize the services of some of its officers as well as regular employees
of the bank subsidiary (who will receive no compensation therefor in addition to
their regular salaries as paid by the bank subsidiary) to solicit proxies
personally and by telephone. The Corporation will request banks and other
custodians, nominees and fiduciaries to forward copies of the proxy material to
their principals and to request authority for the execution of proxies, and will
reimburse such persons for their expenses in so doing.
<PAGE> 10
A copy of the Corporation's Annual Report to Shareholders for the year ended
December 31, 1999 is enclosed. A copy of the Corporation's Annual Report on Form
10-K for such year, with exhibits, as filed with the Securities and Exchange
Commission ("1999 10-K"), is available to any shareholder free of charge.
Shareholders desiring a copy of the 1999 10-K should address written requests to
Mr. Joe E. Crossgrove, President and Chief Executive Officer of Farmers &
Merchants Bancorp, Inc., 307-11 North Defiance Street, Archbold, Ohio 43502, and
are asked to mark "1999 10-K Request" on the outside of the envelope containing
the request.
By Order of the Board of Directors
/s/ Carol J. England
----------------------------------
Carol J. England
Secretary
Archbold, Ohio
March 8, 2000
<PAGE> 11
PROXY
FARMERS & MERCHANTS BANCORP, INC.
ARCHBOLD, OHIO
THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS AND MAY BE REVOKED AT ANY TIME
PRIOR TO ITS EXERCISE, BY OBTAINING THE PROXY FROM THE SECRETARY, WHO WILL GIVE
YOU THE PROXY UPON ORAL OR WRITTEN REQUEST.
The undersigned hereby appoints Eugene Bernath or any one or more of them, the
attorneys and proxies of the undersigned, with power of substitution to act with
respect to all shares of the Capital Stock of Farmers & Merchants Bancorp, Inc.
registered in the name of the undersigned, with all powers which the undersigned
would possess if personally present at the Annual Meeting of the Shareholders of
Farmers & Merchants Bancorp, Inc. to be held in the Founders Hall at Sauder Farm
and Craft Village, State Route 2, Archbold, Ohio, on Saturday, April 8, 2000, at
1:00 P.M., EST, and at any adjournments thereof, and to vote as follows:
1. Fixing the number of Directors to be elected at 15 and the election of the
15 nominees namely: Dexter Benecke, Eugene Bernath, Jerry L. Boyers, Joe E.
Crossgrove, Robert Frey, Lee Graffice, Jack Johnson, Dean Miller, Dale L.
Nafziger, Harold Plassman, James Provost, James Saneholtz, Maynard Sauder,
Merle Short, and Steven J. Wyse.
For Withhold Authority
----- -----
IF YOU WISH TO WITHHOLD AUTHORITY FOR ANY NOMINEE, PLEASE DRAW A LINE
THROUGH THE NOMINEE'S NAME.
2. To ratify the appointment of Krouse, Kern & Co., Inc., as independent
auditors of the Corporation and its subsidiaries for the calendar year
ending December 31, 2000.
3. To transact any and all other business as may properly come before the
meeting or any adjournments thereof.
THE SHARES REPRESENTED BY THIS PROXY WILL BE VOTED FOR THE PROPOSITIONS LISTED
ABOVE UNLESS INDICATED TO THE CONTRARY. IF ANY OTHER BUSINESS IS PRESENTED AT
SAID MEETING, THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE RECOMMENDATIONS OF
SAID MEETING.
The majority of said attorneys and proxies at said meeting and adjournments
thereof, (or if only one be present, then that one), shall have and may exercise
all of the powers of said attorneys and proxies.
DATED , 2000
---------------------------
----------------------------------------
----------------------------------------
(If signed in a fiduciary capacity, please give full fiduciary title. If signed
by a corporation, sign the full corporate name followed by the signature of the
duly authorized officer. If signed by an agent, attach the instrument
authorizing the agent to execute the proxy or a photocopy thereof.)
Please sign and date the Proxy and return it in the enclosed envelope.
<PAGE> 12
INVITATION TO FAMILY STYLE SIT-DOWN LUNCHEON
12:00 P.M., April 8, 2000
Founders Hall at Sauder Farm and Craft Village
To: Shareholders of Farmers & Merchants Bancorp, Inc.
A family style luncheon for shareholders and one guest will be held in the
Founders Hall at Sauder Farm and Craft Village beginning at 12:00 P.M., April 8,
2000.
Musical entertainment will be provided during the luncheon hour.
Please return your reservation together with your Proxy in the
self-addressed envelope enclosed.
Your attendance at the Annual Meeting immediately following the family
style sit-down luncheon will give you an opportunity to become acquainted with
other shareholders and become better informed on the operations of your bank.
Sincerely,
Joe E. Crossgrove
President and
Chief Executive Officer
- --------------------------------------------------------------------------------
RESERVATION FOR FAMILY STYLE SIT-DOWN LUNCHEON
12:00 P.M. Founders Hall, April 8, 2000
I will attend with a guest
----
I will attend
----
-----------------------------------
Signature
