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Federal Reserve Bank of Dallas Dallas, Texas 75265-5906 Notice 05-56 September 28, 2005 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 16, 2005, regarding the election of directors of this Bank to succeed Richard W. Evans, Jr., Class A Director, and Malcolm Gillis, Class B Director, whose terms expire December 31, 2005, the names of the candidates nominated and the names of the banks that made the nominations are set out on pages 3 and 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. 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. 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 5, 2005, and close at 2 p.m. on October 20, 2005. 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. *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, if it has not already designated, one of such banks to participate in this election. 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, Ray L. Hunt Chairman of the Board Enclosures (4) 2 CANDIDATE FOR CLASS A DIRECTOR Richard W. Evans, Jr. Nominated by the following banks in Group 1: Chairman and Chief Executive Officer Cullen/Frost Bankers, Inc. San Antonio, Texas TEXAS Amarillo, Texas .............................. Amarillo National Bank Irving, Texas ............. TIB–The Independent BankersBank Lubbock, Texas ................................... PlainsCapital Bank McAllen, Texas .................................... Inter National Bank McAllen, Texas ...................................... Texas State Bank Nacogdoches, Texas ..... Commercial Bank of Texas, N.A. San Antonio, Texas .................... Broadway National Bank Temple, Texas ......... Extraco Banks, National Association Dick Evans is chairman of the board and chief executive officer of Cullen/Frost Bankers, Inc. and Frost National Bank in San Antonio, Texas. A native of Uvalde, Texas, Evans graduated from the University of Texas at Austin with a bachelor of business administration degree in 1967. Before joining Frost Bank’s training program in 1971, he served as an assistant national bank examiner with the Comptroller of the Currency. During Evans’ career at Frost, he has served as a commercial loan officer, a vice president in the bank’s commercial loan, credit and marketing areas, and as senior vice president in the marketing division. In 1977, he was named executive vice president of the banking group and was elected president of Frost Bank in 1985. In 1993, Evans was elected chairman of the board of Frost Bank and chief banking officer of Cullen/Frost in 1995, and in 1997, chief executive officer. Evans is a member of the board of directors of the Federal Reserve Bank of Dallas and recently completed a three-year term as a member of the Federal Advisory Council to the Board of Governors of the Federal Reserve System in Washington, D.C. In the civic and professional arena, Evans is chairman of the board of directors of United Way of San Antonio and Bexar County, an organization he served as general campaign chairman for 2003-2004. He is also a member of the board of directors and past chairman of the San Antonio Economic Development Foundation and the San Antonio Medical Foundation. He serves as a member of the business advisory council of the McCombs School of Business at the University of Texas at Austin and is past chairman of the United Negro College Fund. Evans serves on the board of directors of the San Antonio Livestock Exposition, Inc. and is a member of the Financial Services Roundtable and the World Presidents’ Organization. Evans is married and has two children. NOTE—A list of the banks in Group 1, showing the officers authorized to cast the vote of each bank, is given on page 5 of this notice. 3 CANDIDATE FOR CLASS B DIRECTOR James B. Bexley Nominated by the following bank in Group 2: Associate Professor of Finance Sam Houston State University Huntsville, Texas TEXAS Universal City, Texas ...................... TexStar National Bank Jim Bexley is associate professor of finance and chair of the Smith-Hutson Endowed Chair of Banking at Sam Houston State University in Huntsville, Texas. Bexley joined the university nine years ago teaching finance and banking subjects. Before joining the university, Bexley was president and chief executive officer of Cardinal Bancorp and one of its subsidiaries, First American National Bank of Pennsylvania. In addition to his teaching and endowed chair position at the university, he serves as a member of the President’s Executive Leadership Council, chairman of the Athletic Advisory Council of the university and as a member of the College of Business Administration Advisory Board. Bexley also serves as a consultant to companies and financial institutions, specializing in corporate governance, strategic planning and strategic marketing. Bexley formerly served on the board of directors of the Society for the Advancement of Management, board of regents of Lambuth University and on the Governor’s Select Committee on Private Sector Initiatives for the state of Texas. He is author of four books: Directors’ Duties & Responsibilities in Financial Institutions; Banking Management; The Bank Director; and Oil and Gas Legal Forms. Additionally, he is the author of over 100 articles in the areas of finance, banking, service quality, and corporate governance. Bexley is currently the editor of the Journal of Commercial Banking and Finance. Last year, the Allied Academies named Bexley the recipient of its highest award, the Larry R. Watts Award for distinguished service. He was also awarded the Silver Beaver Award by the National Council of the Boy Scouts of America for his adult leadership and service to scouting. Bexley holds a Bachelor of Business Administration in finance from the University of Texas at El Paso, a Master of Business Administration from the University of Houston, and a Juris Doctorate from Blackstone School of Law. NOTE—A list of the banks in Group 2, showing the officers authorized to cast the vote of each bank, is given on pages 6 through 8 of this notice. 4 GROUP 1 Consists of all member banks with combined capital and surplus of $15,000,000 and over. Banks in this group elect one Class A Director. TEXAS Location Abilene Amarillo Amarillo Bellaire Bryan Dallas Dallas Dallas Dallas Edinburg El Paso Fort Worth Gainesville Granbury Henderson Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Irving Jacksonville Lake Worth Laredo Laredo Lubbock Lubbock Marble Falls McAllen McAllen Midland Midland Mineral Wells Nacogdoches New Boston Odessa Pharr Plainview Plano San Angelo San Antonio San Antonio San Antonio Southlake Stephenville Sugarland Temple Victoria Weatherford Name of Bank or Trust Company First Financial Bank, National Association ................................ Amarillo National Bank ............................................................... First Bank Southwest, N.A. ........................................................ Tradition Bank ............................................................................ Citibank Texas, National Association ........................................ Bank of Texas, National Association ......................................... Inwood National Bank of Dallas ................................................. Texas Capital Bank, National Association ................................ TIB-The Independent BankersBank .......................................... First National Bank ..................................................................... Bank of the West ........................................................................ Summit Bank, National Association ........................................... GNB Financial, N.A. ................................................................... Community Bank ........................................................................ Citizens National Bank ............................................................... Amegy Bank, National Association ............................................ American First National Bank .................................................... First Community Bank, N.A. ...................................................... MetroBank, National Association ............................................... Northern Trust Bank of Texas, N.A. .......................................... Post Oak Bank, National Association ........................................ Redstone Bank, N.A. .................................................................. Republic National Bank .............................................................. Texas First National Bank .......................................................... Woodforest National Bank ......................................................... Sovereign Bank, National Association ...................................... Austin Bank Texas, National Association .................................. Worth National Bank .................................................................. Laredo National Bank, The ........................................................ South Texas National Bank of Laredo ....................................... Plainscapital Bank ...................................................................... State National Bank ................................................................... American Bank of Texas, N.A. ................................................... Inter National Bank ..................................................................... Texas State Bank ....................................................................... Community National Bank ......................................................... West Texas National Bank ......................................................... City National Bank of Mineral Wells, The .................................. Commercial Bank of Texas, N.A. .............................................. Century Bank, National Association .......................................... Western National Bank .............................................................. Lone Star National Bank ............................................................ HCSB, A State Banking Association ......................................... Legacy Texas Bank .................................................................... San Angelo National Bank ......................................................... Broadway National Bank ............................................................ Frost National Bank, The ........................................................... Lone Star Capital Bank, National Association ........................... Texas Bank ................................................................................ First Financial Bank, N.A. .......................................................... Southern National Bank of Texas .............................................. Extraco Banks, National Association ......................................... First Victoria National Bank ....................................................... Weatherford National Bank ........................................................ 5 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President Executive Vice President * Chairman, CEO, President, Senior Controller President President President, CEO Chairman, President, Vice President, Cashier Chairman Chairman, President, Vice President, Cashier President, CEO Chairman, President, Cashier Cashier * President Cashier Chairman, President, Vice President, Cashier Vice President, Cashier * President Chairman, President, CFO, Cashier President Chairman, President, Vice President, Cashier * Chairman, President, Vice President, Cashier President President, Vice President President, Vice President Chairman, President Chairman Chairman, Chief Executive Officer Chairman, President, Cashier Chairman, President, Cashier President President President President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Vice President, Cashier Chairman Chairman, President, Vice President, Cashier * Chairman, President, Vice President, Cashier President, Cashier, Vice President Cashier * Executive Vice President, Cashier Chairman, Chief Executive Officer, President President Chairman, President, Vice President, Cashier Vice President, Cashier GROUP 2 Consists of all member banks with combined 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 ................. National Independent Trust Company ............................. Officers Authorized to Cast Vote President President Chairman, President NEW MEXICO Location Artesia Carlsbad Portales Name of Bank or Trust Company First National Bank of Artesia, The .................................. Carlsbad National Bank, The ........................................... Portales National Bank, The ............................................ Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier President, Vice President, Cashier President, Cashier TEXAS Location Alvin Andrews Arlington Arlington Ballinger Ballinger Bastrop Bellaire Big Spring Blanco Borger Bowie Breckenridge Brenham Brenham Bridgeport Burkburnett Burleson Canadian Cleburne Coleman College Station Conroe Corpus Christi Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Decatur Eastland El Paso El Paso Fairfield Flower Mound Fort Worth Fort Worth Name of Bank or Trust Company First National Bank of Alvin ................................................... National Bank of Andrews, The ............................................ Northwest National Bank of Arlington ................................... Worthington National Bank ................................................... Ballinger National Bank ......................................................... First National Bank of Ballinger, The .................................... First National Bank of Bastrop, The ..................................... Community National Bank .................................................... State National Bank of Big Spring, The ................................ Blanco National Bank, The ................................................... First National Bank of Borger ................................................ Legend Bank, National Association ...................................... Citizens National Bank of Breckenridge ............................... Bank of Brenham, National Association ............................... Brenham National Bank, The ................................................ First National Bank of Bridgeport, The ................................. First Bank .............................................................................. First National Bank of Burleson ............................................ First State Bank of Canadian, N.A. ....................................... First Financial Bank, National Association ........................... First Coleman National Bank ................................................ Brazos Valley Bank, National Association ........................... First Bank of Conroe, National Association .......................... American Bank, N.A. ............................................................. Dallas National Bank ............................................................. Gateway National Bank ........................................................ One World Bank .................................................................... Professional Bank, National Association .............................. T Bank, National Association ................................................ Texas Community Bank & Trust, N.A. .................................. Town North Bank, National Association ............................... United Texas Bank ................................................................ North Texas Bank, National Association .............................. First Financial Bank, National Association ........................... First National Bank ................................................................ United Bank of El Paso Del Norte ........................................ First National Bank ................................................................ First Security Bank, National Association ............................ Citizens National Bank .......................................................... Fort Worth National Bank ...................................................... 6 Officers Authorized to Cast Vote President, Executive Vice President President, Cashier President, Vice President, Cashier Chairman, President, VP, CEO, Cashier President, Executive Vice President Chairman, President, Vice President Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier 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 Chairman, CEO, President President President President * Chairman, President Chairman, President, Sr. Vice President, Cashier President * Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President, Executive VP, Cashier Chairman, Vice President, Cashier Chairman, President, Vice President, Cashier President * GROUP 2 — Continued TEXAS — Continued Location Fort Worth Fort Worth Fort Worth Freeport Friona Galveston Gatesville Giddings Gonzales Graham Grand Prairie Granger Hereford Highland Village Houston Houston Houston Houston Houston Houston Hughes Springs Huntsville Iowa Park Irving Keller Kerrville Kilgore Kilgore Killeen Knox City Lamesa Liberty Livingston Livingston Lubbock Lubbock McAllen Mexia Midland Monahans Newton Pecos Pilot Point Plano Plano Port Lavaca Quitman Ralls Refugio San Angelo San Antonio San Antonio Sanger Seguin Slaton Snook Somerset South Padre Island Sulphur Springs Sweetwater Sweetwater Terrell The Woodlands Tomball Universal City Van Alstyne Vernon Name of Bank or Trust Company Surety Bank, National Association ....................................... Trinity Bank, National Association ........................................ Woodhaven National Bank ................................................... Texas Gulf Bank, National Association ................................ Friona State Bank, National Association .............................. Moody National Bank ............................................................ National Bank ........................................................................ First National Bank of Giddings ............................................ American National Bank ....................................................... Graham National Bank .......................................................... Community Bank of Texas, National Association ................ First State Bank, The ............................................................ First National Bank of Hereford, The .................................... United Community Bank, N.A. .............................................. Concord Bank, National Association .................................... Houston Community Bank, National Association ................. Omnibank National Association ............................................ Right Bank for Texas, National Association ......................... Southwestern National Bank ................................................ State Bank of Texas, The ..................................................... First National Bank of Hughes Springs, The ........................ First National Bank of Huntsville ........................................... State National Bank of Texas ............................................... Independent Bank of Texas .................................................. American Bank, National Association .................................. Bank of the Hills, National Association ................................. City National Bank ................................................................. Kilgore National Bank ........................................................... First National Bank Texas ..................................................... Citizens Bank, National Association ..................................... Lamesa National Bank, The ................................................. First Liberty National Bank, The ........................................... First National Bank of Livingston, The .................................. First State Bank ..................................................................... Lubbock National Bank ......................................................... Peoples Bank ........................................................................ McAllen National Bank .......................................................... First National Bank of Mexia ................................................. First National Bank of Midland .............................................. First National Bank of Monahans ......................................... CountyBank, National Association ....................................... Transpecos Banks ................................................................ PointBank .............................................................................. First Independent National Bank .......................................... Parkway Bank, National Association .................................... First National Bank in Port Lavaca ....................................... Wood County National Bank ................................................. Security Bank ........................................................................ First National Bank of Refugio, The ..................................... Crockett National Bank ......................................................... First Community Bank San Antonio, National Association .. Intercontinental National Bank .............................................. Sanger Bank .......................................................................... First Commercial Bank, National Association ...................... Citizens Bank ........................................................................ First Bank of Snook ............................................................... Texas Community Bank, National Association .................... South Padre Bank, National Association .............................. City National Bank of Sulphur Springs, The ......................... First National Bank, Sweetwater, Texas .............................. Texas National Bank ............................................................. American National Bank of Texas, The ................................ Texas Community Bank, National Association .................... Texas National Bank ............................................................. Texstar National Bank ........................................................... Texas Star Bank .................................................................... Waggoner National Bank of Vernon, The ............................. 7 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier Chairman, President President, Executive Vice President * Chairman, President Chairman, President, Executive Vice President Chairman, President, Vice President, Cashier Chief Executive Officer President Chairman, Chief Executive Officer * Chairman, President, Vice President, Cashier President President Secretary of the Board Chairman, President Chairman, President, Vice President, Cashier * President Chairman Chairman Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President, CEO, Cashier, CFO * Cashier President President Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier Chairman, President Chairman, President, Vice President, Cashier * Chairman, President, Executive Vice President Chairman, President, Cashier President President, Vice President, Cashier Chairman, President, Chief Executive Officer Chairman, President, Cashier, CEO, CFO President, Executive Vice President, Cashier President, Vice President, Cashier President, Cashier President Chairman, President, Vice President, Cashier President President Chairman, President, Vice President, Cashier Cashier Cashier Senior Vice President President, Vice President, Cashier Chairman, President President Chairman, President, Executive VP, Senior VP President Chairman, President, Vice President, Cashier President President, Vice President, Cashier President, Executive Vice President Chairman, President Chairman, President, Vice President, Cashier President, Vice President, Cashier * President President President, Vice President GROUP 2 — Continued TEXAS — Continued Location Waco Waco Waco Waxahachie Wellington Wichita Falls Wichita Falls Winnsboro Name of Bank or Trust Company American Bank National Association .................................... Central National Bank ........................................................... First National Bank of Central Texas .................................... Citizens National Bank in Waxahachie ................................. Wellington State Bank ........................................................... American National Bank ....................................................... First National Bank ................................................................ First National Bank of Winnsboro, The ................................. 8 Officers Authorized to Cast Vote Chairman, President, Cashier President, Vice President, Cashier President, Vice President, Cashier President President President Chairman, President, Cashier Chairman, President, Vice President, Cashier Directors of the Federal Reserve Bank of Dallas As of September 28, 2005 Name Occupation Elected by Banks in Group Class Term Expires Dec. 31 Richard W. Evans, Jr. ........... .............................................. Chairman and Chief Executive Officer, Cullen/Frost Bankers, Inc., San Antonio, Texas 1 A 2005 Matthew T. Doyle .................. .............................................. .............................................. Vice Chairman and Chief Executive Officer, Texas First Bank, Texas City, Texas 3 A 2006 David S. Barnard .................. Chairman and Chief Executive Officer, National Bank, Gatesville, Texas 2 A 2007 Malcolm Gillis ........................ University Professor and Past President, Rice University, Houston, Texas 2 B 2005 Judy Ley Allen ...................... .............................................. .............................................. Partner, Allen Investments, Houston, Texas 1 B 2006 Robert A. Estrada ................. .............................................. .............................................. Chairman and Chief Executive Officer, Estrada Hinojosa & Company, Inc., Dallas, Texas 3 B 2007 Patricia M. Patterson ........... Deputy Chairman ............ .............................................. .............................................. President, Patterson Investments, Inc., Dallas, Texas Appointed by the Board of Governors of the Federal Reserve System C 2005 Anthony R. Chase ................. .............................................. .............................................. .............................................. Chairman and Chief Executive Officer, ChaseCom, L.P., Houston, Texas Appointed by the Board of Governors of the Federal Reserve System C 2006 Ray L. Hunt ........................... Chairman ........................ .............................................. .............................................. Chairman, President, and CEO, Hunt Consolidated, Inc., Dallas, Texas Appointed by the Board of Governors of the Federal Reserve System C 2007 9
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