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Federal Reserve Bank of Dallas Dallas, Texas 75265-5906 Notice 02-42 August 20, 2002 ELECTION OF DIRECTORS NOMINATION PROCEDURES To All Member Banks in the Eleventh Federal Reserve District: An election will be conducted under the provisions of Section 4 of the Federal Reserve Act for the positions held by the following directors of this Bank, whose terms expire December 31, 2002: Class A Director — Kenneth T. Murphy Chairman of the Board First Financial Bankshares Inc. Abilene, Texas Class B Director — Malcolm Gillis President Rice University Houston, Texas Mr. Murphy, the Class A Director, was elected by banks in Group 1, consisting of banks having capital and surplus of $15,000,000 and over. At the conclusion of his present term, Mr. Murphy will have served one full three-year term. He has requested that his name not be placed in nomination for reelection. Dr. Gillis, the Class B Director, was elected by banks in Group 2, consisting of banks having capital and surplus of over $3,500,000 but under $15,000,000. At the conclusion of his present term, Dr. Gillis will have served one full three-year term and is eligible for reelection. The banks comprising Groups 1 and 2 are listed on the following pages. The group in which a member bank will be entitled to vote will be determined by its classification as of the date of this letter, even though its capital and surplus may subsequently change prior to the date of the election. Except in the case of any member banks that are subsidiaries of the same bank holding company,* each bank in Group 1 is permitted to nominate one candidate for Class A Director, and each bank in Group 2 is permitted to nominate one candidate for Class B Director. When several banks are subsidiaries of a bank holding company, the nomination form is being sent only to the bank designated to participate in this election; therefore, banks in Groups 1 and 2 that will not participate in this election are being sent this notice, without forms, for their information. The nominations must be made by resolution of the Board of Directors, certified to me and received in my office on or before September 20. A form and return envelope for this purpose are enclosed. On October 2, a list of the candidates (indicating the nominating banks) and a preferential ballot will be mailed to each bank in the voting groups. The ballot must be cast within 15 days after receipt. The polls will open at 9 a.m. on October 9 and close at 2 p.m. on October 24. At that time, the ballot box will be opened at this Bank, the votes counted, and the results of the election announced. The candidates are invited to be present or represented on that occasion. *Section 4 of the Federal Reserve Act reads in part as follows: “...That whenever any member banks within the same Federal Reserve district are subsidiaries of the same bank holding company within the meaning of the Bank Holding Company Act of 1956, participation in any such nomination or election by such member banks, including such bank holding company if it is also a member bank, shall be confined to one of such banks, which may be designated for the purpose by such holding company.” The Board of Governors of the Federal Reserve System has ruled that a holding company affiliate, having one or more subsidiary banks in each of the three groups into which member banks of a Federal Reserve district are divided for the purpose of electing directors, may designate one such bank in each group to participate in the nomination and election of each Class A Director and each Class B Director chosen by the group of which such bank is a member and such member bank so designated may validly participate in such nomination and election. Accordingly, banks in Groups 1 and 2 affected by the foregoing provision of law are requested to take prompt action to have the appropriate bank holding company designate, if it has not already designated, one of such banks to participate in this election. 1 In order to be counted, the ballot must be executed by an officer authorized to cast the vote. Officers so authorized are listed on the following pages. The authority conferred on these officers continues until revoked; they need not be redesignated. Each member bank that has not designated an officer or officers for the purpose of signing the ballot, or any bank that desires to change its designation, should do so by resolution of its Board of Directors and certify the designation to me before the polls close. A form for this purpose will be furnished upon request. If the official signature of the officer or officers authorized to cast the ballot has not been filed with this Federal Reserve Bank, such official signature should be filed before the polls close. While the banks in Group 3 will not vote in this election, this notice is sent to them, without forms, for their information. Group 3 consists of member banks with combined capital and surplus of $3,500,000 and under. Sincerely, H. B. Zachry, Jr. Chairman of the Board Enclosures (2) 2 Information Concerning Eligibility for Class A Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform Act of 1977, contains the following provisions: “Class A shall consist of three members, without discrimination on the basis of race, creed, color, sex, or national origin, who shall be chosen by and be representative of the stockholding banks.” “No officer or director of a member bank shall be eligible to serve as a Class A director unless nominated and elected by banks that are members of the same group as the member bank of which he is an officer or director.” “Any person who is an officer or director of more than one member bank shall not be eligible for nomination as a Class A director except by banks in the same group as the bank having the largest aggregate resources of any of those of which such person is an officer or director.” “No Senator or Representative in Congress shall be a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Federal Reserve Bank.” The Board of Governors of the Federal Reserve System has expressed the opinion “…that, to be consistent with the spirit and underlying principles of the Federal Reserve Act, it is inappropriate, as a general rule, for officers and directors of Federal Reserve Banks and Branches to hold partisan political or public office in the service of the United States, or of any state, territory, county, district, political subdivision, or municipality thereof, or to act as members of political party committees.” GROUP 1 Consists of all member banks having capital and surplus of $15,000,000 and over. Banks in this group elect one Class A Director. TEXAS Location Abilene Amarillo Amarillo Amarillo Dallas Dallas Dallas Dallas Dallas Dallas Dallas Edinburg El Paso El Paso Fort Worth Garland Granbury Henderson Houston Houston Houston Name of Bank or Trust Company First National Bank of Abilene ................................................... .......................................................................................... Amarillo National Bank .............................................................. .......................................................................................... First Bank Southwest, N.A. ........................................................ The First National Bank of Amarillo ........................................... Bank of Texas, National Association ......................................... .......................................................................................... Comerica Bank-Texas ............................................................... Inwood National Bank of Dallas ................................................. Northern Trust Bank of Texas N.A. ........................................... Texas Capital Bank, National Association ................................. TIB The Independent BankersBank .......................................... U.S. Trust Company of Texas, National Association ................. First National Bank .................................................................... .......................................................................................... Bank of the West ....................................................................... State National Bank ................................................................... Surety Bank, National Association ............................................ .......................................................................................... United Central Bank .................................................................. Community Bank ....................................................................... Citizens National Bank .............................................................. American First National Bank .................................................... First Community Bank, N.A. ...................................................... MetroBank, National Association ............................................... .......................................................................................... 3 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President President Chairman, Chief Executive Officer, President, Senior Controller President, Chief Executive Officer President President * President, Chief Executive Officer Chairman, President, Senior Vice President Chairman, President, Vice President, Cashier Chairman President Chairman, President, Vice President, Cashier President Chairman, President, Cashier Cashier President * Chairman, President, Vice President, Cashier GROUP 1 — Continued TEXAS — Continued Location Houston Houston Houston Houston Jacksonville Laredo Lubbock Lubbock McAllen McAllen Midland Midland Nacogdoches New Boston New Waverly Pharr Plano San Angelo San Antonio San Antonio San Antonio Sugar Land Temple Victoria Weatherford Weatherford Name of Bank or Trust Company Republic National Bank ............................................................. .......................................................................................... Southwest Bank of Texas, N.A. ................................................. .......................................................................................... Texas First National Bank ......................................................... Woodforest National Bank ......................................................... .......................................................................................... Austin Bank, Texas National Association .................................. .......................................................................................... The Laredo National Bank ......................................................... PNB Financial Bank ................................................................... .......................................................................................... .......................................................................................... .......................................................................................... State National Bank of West Texas ........................................... Inter National Bank .................................................................... Texas State Bank ...................................................................... Community National Bank ......................................................... West Texas National Bank ........................................................ Commercial Bank of Texas, N.A. .............................................. Century Bank, National Association .......................................... .......................................................................................... Citizens Bank of Texas, National Association ........................... Lone Star National Bank ............................................................ Legacy Bank of Texas ............................................................... .......................................................................................... San Angelo National Bank ......................................................... Broadway National Bank ........................................................... .......................................................................................... The Frost National Bank ............................................................ Wells Fargo Bank Texas, National Association ......................... .......................................................................................... Southern National Bank of Texas .............................................. .......................................................................................... Extraco Banks, National Association ......................................... First Victoria National Bank ....................................................... .......................................................................................... Texas Bank ................................................................................ Weatherford National Bank ....................................................... 4 Officers Authorized to Cast Vote Chairman, President, Chief Financial Officer, Cashier Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Vice President Alan White, Chairman; John C. Owens, President; DeWayne V. Pierce, Senior Executive Vice President Chairman Chairman, President, Cashier Chairman, President, Cashier President President President Chairman, President, Vice President, Cashier President President, Vice President, Cashier Chairman, President, Vice President, Cashier * Chairman, President, Vice President, Cashier President, Vice President, Cashier Chairman of the Executive Committee, President Chairman, Chief Executive Officer, President President Chairman, President, Vice President, Cashier President Vice President and Cashier Information Concerning Eligibility for Class B Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform Act of 1977, contains the following provisions: “Class B shall consist of three members who shall represent the public and shall be elected without discrimination on the basis of race, creed, color, sex, or national origin, and with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor, and consumers.” “No director of Class B shall be an officer, director, or employee of any bank.” “No Senator or Representative in Congress shall be a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Federal Reserve Bank.” The Board of Governors of the Federal Reserve System has expressed the opinion “…that, to be consistent with the spirit and underlying principles of the Federal Reserve Act, it is inappropriate, as a general rule, for officers and directors of Federal Reserve Banks and Branches to hold partisan political or public office in the service of the United States, or of any state, territory, county, district, political subdivision, or municipality thereof, or to act as members of political party committees.” GROUP 2 Consists of all member banks having capital and surplus of over $3,500,000 but under $15,000,000. Banks in this group elect one Class B Director. LOUISIANA Location Arcadia Bossier City Ruston Name of Bank or Trust Company First National Bank ..................................................................... Citizens National Bank, National Association ............................ American Bank, National Association ........................................ Officers Authorized to Cast Vote President President President, Vice President, Cashier NEW MEXICO Location Artesia Carlsbad Name of Bank or Trust Company The First National Bank of Artesia ............................................. The Carlsbad National Bank ...................................................... Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier President, Vice President, Cashier TEXAS Location Abilene Alvin Andrews Arlington Arlington Ballinger Ballinger Bellaire Bellaire Borger Bowie Breckenridge Brenham Brenham Bridgeport Name of Bank or Trust Company Citizens Bank, National Association .......................................... First National Bank of Alvin ........................................................ The National Bank of Andrews .................................................. Arlington National Bank ............................................................. Northwest National Bank of Arlington ........................................ Ballinger National Bank .............................................................. The First National Bank of Ballinger .......................................... Community National Bank ......................................................... First National Bank of Bellaire .................................................... First National Bank of Borger ..................................................... Legend Bank, National Association ........................................... Citizens National Bank of Breckenridge ..................................... Bank of Brenham, National Association ..................................... The Brenham National Bank ...................................................... The First National Bank of Bridgeport ........................................ 5 Officers Authorized to Cast Vote President President, Executive Vice President President, Cashier President President, Vice President, Cashier President, Executive Vice President Chairman, President, Vice President * Chairman, President, Vice President, Cashier President President President, Vice President, Cashier * Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier GROUP 2 — Continued TEXAS — Continued Location Bryson Burkburnett Burleson Canadian Cleburne Coleman Corpus Christi Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Denison El Paso Ennis Fabens Fairfield Fort Worth Fort Worth Freeport Friona Gainesville Galveston Garland Gatesville Giddings Gonzales Graham Granbury Grand Prairie Granger Hereford Highland Village Houston Houston Houston Houston Houston Houston Houston Houston Houston Huntsville Iowa Park Keller Kerrville Kilgore Kilgore Killeen Lake Worth Lamesa Laredo Laredo Liberty Name of Bank or Trust Company First Security Bank, National Association .................................. First Bank ................................................................................... First National Bank of Burleson ................................................. First State Bank of Canadian, N.A. ............................................ First Financial Bank, National Association ................................. First Coleman National Bank ..................................................... American Bank, N.A. .................................................................. Abrams Centre National Bank ................................................... Bank of Texas Trust Company, National Association ................ Dallas National Bank .................................................................. .......................................................................................... Eagle National Bank .................................................................. Founders National Bank-Skillman .............................................. Gateway National Bank ............................................................. Texas Community Bank & Trust, N.A. ....................................... United Texas Bank ..................................................................... Landmark Bank, National Association ....................................... United Bank of El Paso del Norte .............................................. .......................................................................................... First Bank & Trust ...................................................................... First National Bank ..................................................................... First National Bank ..................................................................... Fort Worth National Bank ........................................................... Summit Bank, National Association ........................................... Texas Gulf Bank, National Association ...................................... Friona State Bank, National Association .................................... Guaranty National Bank ............................................................. The Moody National Bank of Galveston .................................... Security Bank, National Association .......................................... National Bank ............................................................................. First National Bank of Giddings ................................................. American National Bank ............................................................ Graham National Bank ............................................................... .......................................................................................... Liberty National Bank ................................................................. Community Bank of Texas, National Association ...................... The First State Bank .................................................................. The First National Bank of Hereford .......................................... United Community Bank, N.A. ................................................... Bank of Tanglewood, National Association ................................ Concord Bank, National Association .......................................... Houston Community Bank, National Association ....................... National Fiduciary Services, National Association ..................... Omnibank National Association ................................................. Redstone Bank, N.A. ................................................................. The Right Bank for Texas, National Association ........................ Southwestern National Bank ...................................................... The State Bank of Texas ........................................................... First National Bank of Huntsville ................................................ State National Bank of Texas .................................................... American Bank, National Association ........................................ Bank of the Hills, National Association ...................................... City National Bank of Kilgore ..................................................... Kilgore National Bank ................................................................ First National Bank Texas .......................................................... Worth National Bank .................................................................. The Lamesa National Bank ........................................................ Falcon International Bank .......................................................... South Texas National Bank of Laredo ....................................... The First Liberty National Bank .................................................. 6 Officers Authorized to Cast Vote * President President * President, Vice President Cashier President President * Michaux Nash, Jr., Chairman, President & Chief Executive Officer President President President Chairman, President President Chairman, President, Vice President, Cashier Chairman, President, Executive Vice President, Cashier Chairman, President, Cashier President Chairman, President, Vice President, Cashier * Chairman, President, Vice President, Cashier * * President, Vice President Chairman, President, Executive Vice President President Chairman, President, Vice President, Cashier Chief Executive Officer President Jeff Glazner, Chairman and Chief Executive Officer * * Chairman, President, Vice President, Cashier President President Chairman, President, Executive Vice President Secretary of the Board Chairman, President Chairman Chairman, President, Vice President, Cashier President * * William B. Black, III, Chairman Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier * Cashier President President Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier President, Cashier President, Vice President Chairman, President GROUP 2 — Continued TEXAS — Continued Location Livingston Livingston Lorenzo Lubbock Lubbock Marble Falls McAllen Mexia Midland Newton Odessa Ozona Paris Pecos Plainview Plano Plano Port Lavaca Quitman Ralls Refugio San Antonio San Antonio San Antonio San Antonio San Antonio Seguin Slaton South Padre Island Sunray Sweetwater Sweetwater Terrell Tomball Uvalde Vernon Vernon Waco Waco Waco Waxahachie Wellington Wichita Falls Winnsboro Name of Bank or Trust Company The First National Bank of Livingston ........................................ First State Bank ......................................................................... Peoples Bank ............................................................................. Lubbock National Bank .............................................................. Whisperwood National Bank ...................................................... American Bank of Texas, National Association ......................... McAllen National Bank ............................................................... First National Bank of Mexia ...................................................... First National Bank of Midland ................................................... First National Bank of Newton ................................................... .......................................................................................... Western National Bank .............................................................. Crockett National Bank .............................................................. Peoples National Bank ............................................................... The Security State Bank of Pecos ............................................. Hale County State Bank ............................................................. First Independent National Bank ................................................ Parkway Bank, National Association ......................................... First National Bank in Port Lavaca ............................................. Wood County National Bank ...................................................... Security Bank ............................................................................. The First National Bank of Refugio ............................................ Clear Lake National Bank .......................................................... .......................................................................................... Intercontinental National Bank ................................................... Mission National Bank ............................................................... Plaza Bank ................................................................................. The Trust Company, National Association ................................. First Commercial Bank, National Association ............................ Citizens Bank ............................................................................. .......................................................................................... South Padre Bank, National Association ................................... Sun Bank ................................................................................... First National Bank, Sweetwater, Texas .................................... Texas National Bank .................................................................. The American National Bank of Texas ...................................... Texas National Bank .................................................................. National American Bank ............................................................ The Herring National Bank of Vernon ........................................ The Waggoner National Bank of Vernon ................................... American Bank National Association ......................................... Central National Bank ................................................................ First National Bank of Central Texas ......................................... Citizens National Bank in Waxahachie ...................................... Wellington State Bank ................................................................ American National Bank ............................................................ The First National Bank of Winnsboro ....................................... 7 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier * * Chairman, President, Executive Vice President President President President President, Vice President, Cashier Chairman, President, Chief Executive Officer President, Executive Vice President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Vice President * President, Vice President, Cashier Chairman President * President President Chairman, President, Vice President, Cashier Cashier Chairman, President, Senior Vice President, Vice President, Cashier President, Vice President, Cashier President Chairman, President Chairman President Chairman, President, Executive Vice President, Senior Vice President President * President, Executive Vice President Chairman, President Chairman, President, Vice President, Cashier * President, Vice President, Cashier President, Vice President, Cashier President, Vice President Chairman, President, Cashier President, Vice President, Cashier President, Vice President, Cashier President President President Chairman, President, Vice President, Cashier Directors of the Federal Reserve Bank of Dallas As of August 20, 2002 Name Occupation Elected by Banks in Group Class Term Expires Dec. 31 Kenneth T. Murphy ............... .............................................. Chairman of the Board, First Financial Bankshares Inc., Abilene, Texas 1 A 2002 David S. Barnard .................. President and Chief Executive Officer, National Bank, Gatesville, Texas 2 A 2004 Matthew T. Doyle .................. .............................................. .............................................. Vice Chairman/Chief Executive Officer, Texas First Bank, Texas City, Texas 3 A 2003 Judy Ley Allen ...................... .............................................. .............................................. Partner, Allen Investments, Houston, Texas 1 B 2003 Malcolm Gillis ........................ President, Rice University, Houston, Texas 2 B 2002 Julie Spicer England ............. Vice President, Texas Instruments, Dallas, Texas 3 B 2004 .............................................. H. B. Zachry, Jr. .................... Chairman ........................ .............................................. .............................................. Chairman and Chief Executive Officer, H. B. Zachry Company, San Antonio, Texas Appointed by the Board of Governors of the Federal Reserve System C 2003 Patricia M. Patterson. ........... Deputy Chairman ............ .............................................. .............................................. President, Patterson Investments Inc., Dallas, Texas Appointed by the Board of Governors of the Federal Reserve System C 2002 Ray L. Hunt ........................... .............................................. .............................................. .............................................. Chairman and Chief Executive Officer, Hunt Consolidated Inc., Dallas, Texas Appointed by the Board of Governors of the Federal Reserve System C 2004 8
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