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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)
November 4, 1998
FORT BEND HOLDING CORP.
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(Exact name of Registrant as specified in its Charter)
DELAWARE 0-21328 76-0391720
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation) Number)
3400 AVENUE H, ROSENBERG, TEXAS 77471-3808
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (281) 342-5571
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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On November 4, 1998, the Registrant issued a second quarter Fiscal 1999
Dividend announcement.
The foregoing information does not purport to be complete and is
qualified in its entirety by reference to the Exhibit to this Report.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
The Exhibit referred to in Item 5 of this Report and listed on the
accompanying Exhibit Index is filed as part of this Report and is incorporated
herein by reference.
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EXHIBIT
NUMBER DESCRIPTION
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99 Second Quarter Fiscal 1999 Dividend Announcement,
dated November 4, 1998
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SIGNATURES
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 thereunto duly authorized.
FORT BEND HOLDING CORP.
Date: November 12, 1998 By: /s/ Lane Ward
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Lane Ward
Vice Chairman, President and
Chief Executive Officer
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For Immediate Release For more information, contact:
Date: November 4, 1998 Lane Ward, Vice Chairman, President and CEO
at (281)342-5571
FORT BEND HOLDING CORP.'S
SECOND QUARTER FISCAL 1999
DIVIDEND ANNOUNCEMENT
Fort Bend Holding Corp. ("FBHC"), parent corporation of Fort Bend Federal
Savings and Loan Association of Rosenberg ("FBF"), announced net earnings of
$532,000, or $0.29 earnings per common share, for the second fiscal quarter
ended September 30, 1998. This compares to net earnings of $503,000, or $0.30
earnings per common share, for the same quarter in fiscal 1998 and represents a
5.8% increase in earnings. Earnings per common share-assuming dilution for the
quarters ended September 30, 1998 and 1997 was $0.23 and $0.24, respectively.
The Board of Directors has approved that Fort Bend Holding Corp. will pay a
quarterly cash dividend of $0.10 per common share for the quarter ended
September 30, 1998. The cash dividend will be paid on or about December 8, 1998
to shareholders of record on November 17, 1998.
On October 20, 1998, FBHC signed a definitive agreement to merge with Southwest
Bancorporation of Texas, Inc. ("SWBT"). The transaction is structured as a
tax-free reorganization with a fixed exchange of 1.45 shares of SWBT common
stock for each share of FBHC common stock and convertible equivalents.
FBHC serves Fort Bend, Harris, Wharton, Waller and Montgomery Counties in
Southeast Texas through its subsidiary, FBF, headquartered in Fort Bend County
and FBF's subsidiary Mitchell located in The Woodlands. FBF's market area is
located in the largest metropolitan area of Texas and the eighth largest in the
United States. The Corporation's stock is traded on the Nasdaq National Market
under the symbol "FBHC".
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