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Federal Reserve Bank of Dallas Dallas, Texas 75265-5906 Notice 02-53 October 2, 2002 ELECTION OF DIRECTORS REPORT OF NOMINATIONS —VOTING PROCEDURES To All Member Banks in the Eleventh Federal Reserve District: In accordance with the provisions of Section 4 of the Federal Reserve Act and my notice dated August 20, 2002, regarding the election of directors of this Bank to succeed Kenneth T. Murphy, Class A Director, and Malcolm Gillis, Class B Director, whose terms expire December 31, 2002, the names of the candidates nominated and the names of the banks that made the nominations are set out on pages 3 through 4. Except in the case of any member banks that are subsidiaries of the same bank holding company, * there is sent as an enclosure to each bank in Group 1 a ballot for use in voting for a Class A Director and to each bank in Group 2 a ballot for use in voting for a Class B Director. Also enclosed are an envelope bearing on its face the certificate in regard to the vote and a colored envelope marked “Ballot–Directors’ Election,” in which the ballot is to be sealed. When several banks are subsidiaries of a bank holding company, the voting forms are 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, only for their information. The ballot and certificate on the envelope must be executed by an officer who has been authorized to cast the vote. A list of the designated officers, revised to date, forms a part of this notice. In order that the balloting may be secret, the name of the bank and the voting officer should not be written on the ballot but only on the certificate envelope. If the official signature of the officer casting the ballot has not been filed with this Federal Reserve Bank, such official signature should be filed before the polls close. Please follow carefully the instructions that are printed on the ballot and the certificate envelope. The following procedure is required in the case of both the Class A and Class B ballots: (1) The ballot should be marked. (2) It should be placed in the colored envelope marked “Ballot–Directors’ Election” and that envelope sealed. (3) After the certificate on the white certificate envelope is executed, the colored sealed envelope (containing the ballot) should be placed within the white certificate envelope and that envelope sealed. (4) The sealed white certificate envelope containing the sealed ballot envelope should then be returned to me in the enclosed self-addressed envelope. *Section 4 of the Federal Reserve Act, as amended, 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 one of such banks to participate in this election, if it has not already made that designation. Under the law, the ballot must be returned so as to reach me within 15 days after its receipt. The polls will open on October 9, 2002, and close at 2 p.m. on October 24, 2002. At that time, the ballot box will be opened at this Bank, the sealed envelopes containing the ballots will be opened, the votes counted, and the results of the election announced. The candidates are invited to be present or represented on that occasion. 1 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 yours, H. B. Zachry, Jr. Chairman of the Board Enclosures (4) 2 CANDIDATE FOR CLASS A DIRECTOR Nominated by the following banks in Group 1: Richard W. “Dick” Evans, Jr. Chairman and Chief Executive Officer, Cullen/Frost Bankers, Inc. and Frost Bank San Antonio, Texas TEXAS Abilene, Texas ..................... First National Bank of Abilene Amarillo, Texas ............................... Amarillo National Bank Dallas, Texas .............. TIB-The Independent BankersBank El Paso, Texas ......................................... Bank of the West Jacksonville, Texas .............................. Austin Bank, Texas ....................................................... National Association McAllen, Texas ..................................... Inter National Bank McAllen, Texas ....................................... Texas State Bank San Antonio, Texas ...................... Broadway National Bank San Antonio, Texas ...................... The Frost National Bank Dick Evans is chairman of the board and chief executive officer of Cullen/Frost Bankers, Inc. and Frost Bank. Founded in 1868, Frost Bank is the largest Texas-based financial institution and the only one of the top ten banking companies in Texas to survive the 1980s without federal assistance or acquisition by another financial institution. Evans joined Frost Bank in 1971 and has held several significant management roles. A native of Uvalde, Evans has a B.B.A. from the University of Texas and 30 years experience in the banking industry. Evans serves as one of 12 members of the Federal Advisory Council to the Board of Governors of the Federal Reserve System in Washington, D.C. In this capacity, he represents the Federal Reserve Bank of Dallas, providing regular economic advice and input on a variety of issues affecting Federal Reserve policy. Among his many civic and professional areas of involvement, Evans is a member of the board and past chairman of the San Antonio Economic Development Foundation, a member of the board of directors and past chairman of the San Antonio Medical Foundation, and a board member of United Way of San Antonio. He also is a past board member and current member of the Financial Services Roundtable. NOTE—A list of the banks in Group 1, showing the officers authorized to cast the vote of each bank, is given on pages 5 through 6 of this notice. 3 CANDIDATE FOR CLASS B DIRECTOR Malcolm Gillis Nominated by the following banks in Group 2: President, Rice University, and Zingler Professor of Economics Houston, Texas TEXAS Brenham, Texas ..................... The Brenham National Bank Dallas, Texas ..................................... Dallas National Bank Malcolm Gillis spent the first 25 years of his professional life teaching economics and bringing economic analysis to bear on important issues of public policy in nearly 20 countries, from the United States and Canada to Ecuador, Colombia, Ghana, and Indonesia. Since 1986, his career has been devoted primarily—but not exclusively—to university leadership. His first academic position was as an assistant professor of economics at Duke University, followed by a 15-year stint at Harvard. He returned to Duke in 1984 as professor of economics and of public policy. In July of 1993, he became the sixth president of William Marsh Rice University. Until assuming leadership roles in university administration, he was a frequent consultant to the state of Alaska; the U.S. Treasury Department; the Canadian Ministry of Finance; the World Bank; the Ford Foundation; Oak Ridge National Laboratory; the governments of Colombia, Ecuador, and Bolivia, and the government of Indonesia, where he conducted studies leading to a fundamental reform of the entire tax system in 1983. He has published over 70 journal and book articles. He is author, co-author, or editor of eight books, including a widely acclaimed 1988 publication, Public Policies and the Misuse of Forest Resources, Tax Reform in Developing Countries, and a leading textbook, Economics of Development (4th edition, 1998), now available in five languages. Currently, he serves as a board member of the Houston Advanced Research Center; the executive committee of the Greater Houston Partnership; AMIGOS de las Americas; the Houston Technology Center; and AECOM Technology Corporation based in Los Angeles. In 1989, he was Distinguished Fulbright Professor, Catholic University of Chile. Since 1999, he has been a director of the Council for Higher Education Accreditation and the Business and Higher Education Forum. He is also a founding director of International University Bremen in Germany and serves as a director of the Federal Reserve Bank of Dallas. A native of Marianna, Fla., Gillis holds undergraduate and master’s degrees from the University of Florida and received his doctorate from the University of Illinois. NOTE—A list of the banks in Group 2, showing the officers authorized to cast the vote of each bank, is given on pages 7 through 9 of this notice. 4 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 Dallas Dallas Dallas Dallas Dallas Dallas Dallas Edinburg El Paso El Paso Fort Worth Garland Granbury Henderson Houston Houston Houston Houston Houston Houston Houston Jacksonville Laredo Lubbock Lubbock McAllen McAllen Midland Midland Nacogdoches New Boston New Waverly Pharr Name of Bank or Trust Company First National Bank of Abilene ................................................... ........................................................................................... Amarillo National Bank .............................................................. ........................................................................................... First Bank Southwest, N.A. ........................................................ 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 ............................................... ........................................................................................... 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 ............................................................ 5 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier 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 Cashier Chairman, President, Vice President, Cashier 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 GROUP 1—Continued TEXAS — Continued Location Plano San Angelo San Antonio San Antonio San Antonio Sugar Land Temple Victoria Weatherford Weatherford Name of Bank or Trust Company 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 ....................................................... 6 Officers Authorized to Cast Vote 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 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 Name of Bank or Trust Company Arcadia Bossier City Ruston 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 Officers Authorized to Cast Vote The First National Bank of Artesia ............................................. The Carlsbad National Bank ...................................................... 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 Bryson Burkburnett Burleson Canadian Cleburne Coleman Corpus Christi Dallas Dallas Dallas Dallas Dallas Dallas Denison El Paso Ennis Fabens Fairfield Fort Worth Fort Worth Freeport Friona Name of Bank or Trust Company Officers Authorized to Cast Vote 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 ....................................... 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 ................................................... Dallas 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 ................................... President President, Executive Vice President President, Cashier President President, Vice President, Cashier President, Executive Vice President Chairman, President, Vice President President Chairman, President, Vice President, Cashier President President President, Vice President, Cashier President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier * President President * President, Vice President Cashier President President Michaux Nash, Jr., Chairman, President & Chief Executive Officer 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 * Chairman, President 7 GROUP 2 — Continued TEXAS — Continued Location Name of Bank or Trust Company Officers Authorized to Cast Vote Gainesville Galveston Garland Gatesville Giddings Gonzales Graham 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 ................................................. 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 ............................................................... 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 Chairman, President, Vice President, Cashier * Chairman, 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 Chairman President, Vice President, Cashier Chairman President Chairman, President, Vice President, Cashier President President Chairman, President, Vice President, Cashier Cashier Chairman, President, Senior Vice President, Vice President, Cashier President, Vice President, Cashier President 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 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 8 GROUP 2 — Continued TEXAS — Continued Location San Antonio San Antonio Seguin Slaton South Padre Island Sunray Sweetwater Sweetwater Terrell The Woodlands Tomball Uvalde Vernon Vernon Waco Waco Waco Waxahachie Wellington Wichita Falls Winnsboro Name of Bank or Trust Company 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 Community Bank, National Association .......................... 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 ....................................... 9 Officers Authorized to Cast Vote Chairman, President Chairman President Chairman, President, Executive Vice President, Senior Vice President President C. W. Bedwell, Chairman 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 October 2, 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 .................. Chairman of the Board, 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 10
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