The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Federal R eserve Bank of D allas Da l l a s , T exas 7 5 2 2 2 Notice 94-43 April 19, 1994 SPECIAL ELECTION OF CLASS A DIRECTOR NOMINATION PROCEDURES To All Member Banks in the Eleventh Federal Reserve District: A special election will be held under the provisions of Section 4 of the Federal Reserve Act to choose a successor to Jeff Austin, Jr. Mr. Austin resigned as a Class A Director effective February 10,1994, to accept appointment to the Texas State Finance Commission. His successor will be elected to fill the unexpired portion of a three-year term ending December 31, 1995. Mr. Austin was elected by the banks in Group 2 (consisting of banks having capital and surplus of over $2,500,000, but under $10,000,000), and his successor will be chosen by the banks in this group. The banks comprising Group 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 m ember banks that are subsidiaries of the same bank holding company,* each bank in Group 2 is permitted to nominate one candidate for Class A 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 Group 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 May 20, 1994. A form and return envelope for this purpose are enclosed. On June 1, a list of the candidates (indicating the nominating banks) and a preferential ballot will be mailed to each bank in the voting group. The ballot must be cast within 15 days after receipt. The polls will open at 9 a.m. on June 8, and close at 2 p.m. on June 23. 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. In order to be counted, the ballot must be executed by an officer authorized to cast the vote. The officers so authorized by their bank are listed on the following pages. The authority conferred on these officers continues until revoked; they need not be redesignated. Each m ember bank which 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, that official signature should be filed before the polls close. ‘ 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 m ember 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 Group 2 affected by this 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 its banks to participate in this election. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) While the banks in Group 1 (consisting of banks having capital and surplus of $10,000,000 and over) and Group 3 (consisting of banks having capital and surplus of $2,500,000 and under) will not vote in this election, this notice is sent to them, without forms, for their information. Sincerely yours, Chairman of the Board Enclosures (2) Information Concerning Eligibility for Class A Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act, as am ended by the Federal Reserve Reform Act of 1977, contains the following provisions: “Class A shall consist of three members, w ithout discrim ination 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 mem ber bank shall be eligible to serve as a Class A director unless nominated and elected by banks w hich are members of the same group as the mem ber bank of which he is an officer or d irector.” “A ny person who is an officer or director of more than one m em ber 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 R epresentative in Congress shall be a mem ber of the Board of G overnors 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 m em ber banks having capital and surplus of over $2,500,000, but under $10,000,000. Banks in this group elect one Class A Director. LOUISIANA Location Bossier City Mansfield West Monroe Name of Bank or Trust Company Citizens National Bank of Bossier City L o u isia na..................... First National Bank in M ansfield................................................... First National Bank of West M onroe............................................ Officers Authorized to Cast Vote President Cashier President, Vice President, Cashier NEW MEXICO Location Artesia Carlsbad Clovis Clovis Hobbs Las Cruces Las Cruces Roswell Silver City Tucumcari Name of Bank or Trust Company The First National Bank of Artesia................................................. The Carlsbad National B a n k .......................................................... First National Bank of C lo vis.......................................................... Sunwest Bank of Clovis, National Association............................ Sunwest Bank of Hobbs, National A ssociation ........................... Bank of the Rio Grande, National Association............................ Sunwest Bank of Las Cruces, National Association ................... Sunwest Bank of Roswell, National A ssociation......................... Sunwest Bank of Grant C ounty...................................................... The First National Bank in Tucum cari........................................... 3 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier President, Vice President, Cashier President Chairman, President, Vice President, Cashier President President Chairman President President, Cashier Chairman, President, Vice President GROUP 2 — Continued TEXAS Location Abilene Addison .Addison Alice Alice Alvin Andrews Arlington Athens Name o f Bank o r T ru st Com pany United Bank & T ru s t................................................................... .... Addison National B a n k............................................................... .... Bent Tree National B a n k ........................................................... .... Alice Bank of T exas.................................................................... .... First Community Bank, National A ssociation......................... .... First National Bank of A lv in ....................................................... .... The National Bank of A ndrew s................................................. .... Arlington National B ank.............................................................. .... The First National Bank of Athens............................................ Atlanta Austin Austin Austin Bastrop Bay City Baytown Bedford Bedford Beeville Bellaire Bellville Big Spring Borger Bowie Brenham Brownsville Burleson Canton The Atlanta National Bank......................................................... .... Hartland Bank, National Association........................................ .... Liberty National B a n k ................................................................. .... Worthen National Bank of T e x a s ............................................. .... The First National Bank of B a stro p .......................................... .... The First National Bank of Bay C ity ......................................... .... Citizens Bank and Trust Company of Baytown, T e x a s ......... .... Bedford National B a n k ............................................................... .... Western American National B a n k ............................................ .... The Commercial National Bank of Beeville............................. .... First National Bank of B ellaire................................................... .... The First National Bank of Bellville........................................... .... The First National Bank in Big S p rin g ..................................... .... First National Bank of B o rg e r.................................................... .... The First National Bank of B ow ie ............................................. .... The Brenham National B a n k ..................................................... .... Brownsville National B ank......................................................... .... First National Bank of Burleson................................................ .... The Bank of Van Z a n d t.............................................................. Carrizo Spring Carthage Carthage Cleburne Coleman Conroe Corpus Christi Dallas Dallas Dallas Dallas Camino Real Bank, National Association................................ .... The First National Bank of C arthage........................................ .... Panola National B a n k................................................................. .... The First National Bank in C le b u rn e ........................................ .... First Coleman National Bank..................................................... .... National Bank of C o n ro e ........................................................... American National B ank............................................................ .... Abrams Centre National B ank................................................... Brookhollow National B a n k ....................................................... .... EastPark National B a n k ............................................................ .... Fidelity Bank, National A ssociation.......................................... Dallas First National Bank of Park C ities............................................. Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Decatur Denver City Eagle Pass Eastland Edinburg Founders National Bank-Skillman............................................ .... Gateway National B ank.............................................................. .... Interstate National B a n k............................................................ .... Inwood National Bank of D a lla s............................................... .... Park Central Bank of D a lla s...................................................... .... Texas Bank and Trust, National Association.......................... .... Texas Central Bank, National Association.............................. .... Texas Community Bank, N.A..................................................... .... Turtle Creek National B a n k ....................................................... .... The First National Bank in D e ca tu r.......................................... .... First National B a n k..................................................................... .... NBC Bank - Eagle Pass, National Association...................... .... Eastland National B a n k.............................................................. .... First National Bank in Edinburg................................................ .... 4 O fficers A uthorized to Cast Vote President President Chairman, President Chairman, President, Vice President, Cashier Chairman President, Executive Vice President President, Cashier President President, Senior Vice President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Cashier Raymond H. Johnson, President Chairman, President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President James N. McMahon, Chairman and President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President President Chairman, President, Vice President, Cashier President President Albert M. Coleman, President; Ottis R. Metzger, Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President President, Vice President Cashier * President * President Chairman William C. Murphy, Chairman and President; Edward D. Mahon, Executive Vice President; Virginia L. Anderson, Secretary Tom E. Turner, Chairman; C, Thomas Abbott, President; Jane Colesar, Cashier & Senior Vice President President President President President President Chairman, President James C. Veirs, Chairman/President Chairman, President President Chairman, President, Vice President, Cashier President Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier GROUP 2 — Continued TEXAS — Continued Location El Paso El Paso El Paso Euless Fabens Fort Worth Fort Worth Fort Worth Fort Worth Freeport Gainesville Galveston Galveston Galveston Garland Giddings Gilmer Gladewater Gonzales Graham Graham Granbury Grand Prairie Harlingen Hereford Highland Village Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Jacksonville Katy Kerrville Kilgore Killeen Kingsville Kingwood Lake Worth Lamesa Name of Bank or Trust Company Bank of El P aso................................................................................ Continental National Bank............................................................... Montwood National B a n k ................................................................ Landmark Bank-M id C itie s............................................................. The First National Bank of Fabens................................................ Bank of North Texas, N.A................................................................ Camp Bowie National Bank............................................................ Citizens National B a n k .................................................................... Woodhaven National Bank.............................................................. Texas Gulf Bank, National Association......................................... The Gainesville National Bank in Gainesville............................... The Moody National Bank of Galveston....................................... United States National Bank of G alveston................................... University National B a n k ................................................................. Security Bank, National Association-Garland............................... First National Bank of Giddings...................................................... The First National Bank of G ilm e r.................................................. Gladewater National Bank............................................................... American National Bank.................................................................. First National Bank in G raham ....................................................... Graham National B ank.................................................................... Heritage National B a n k ................................................................... First Continental Bank of Grand Prairie, National Association ... The Harlingen National B a n k ......................................................... The First National Bank of Hereford.............................................. United Commerce Bank of Highland Village, National Association............................................................... Antoine National B ank..................................................................... Asian American National Bank....................................................... Bank of Houston............................................................................... Champions Bank, N.A...................................................................... Charter National B a n k -C o lo n ia l................................................... Clear Lake National Bank................................................................ Cypress National B ank.................................................................... First Northwestern Bank, National Association........................... Houston Independent Bank, National Association...................... Houston National Bank.................................................................... Langham Creek National B a n k ...................................................... Lone Star Bank, N.A......................................................................... National Commerce B a n k ............................................................... Omnibank National A ssociation..................................................... Park National Bank of H ouston...................................................... Questar Bank, National Association.............................................. Security Bank, National Association.............................................. Southern National Bank of T e x a s ................................................. Sunbelt National B ank..................................................................... Tanglewood Bank, National Association...................................... Texas Capital Bank, National Association.................................... Texas First National B a n k ............................................................... Texas Guaranty National B a n k ...................................................... Woodforest National Bank............................................................... The First National Bank of Jacksonville........................................ Community B a n k.............................................................................. First National Bank of Kerrville....................................................... City National Bank of Kilgore.......................................................... First National B a n k........................................................................... Kleberg First National Bank of Kingsville..................................... Kingwood Bank, National Association........................................... Lake Worth National Bank............................................................... The First National Bank of Lam esa............................................... 5 Officers Authorized to Cast Vote President President President President, Vice President, Cashier President Chairman, President, Secretary Chairman, President, Vice President, President President Chairman, President, Vice President, President, Vice President Vice President Chairman, President, Vice President, Chairman, President President President Chairman, President, Vice President, Chairman, President, Vice President, J.L. Mills, President Chairman, President, Vice President, * Cashier Cashier Cashier Cashier Cashier Cashier Frank B. Kimmell, President President President, Vice President, Cashier Cashier President * Secretary of the Board President, Vice President, Cashier President Chairman, President, Vice President, President Chairman, President, Vice President, President President President President President, Cashier Chairman, President Chairman, President, Vice President, Chairman Chairman, President, Vice President, Chairman, President, Vice President, Chairman, Chief Executive Officer Chairman, President Chairman, President, Cashier President President * Cashier Cashier Cashier Cashier Cashier Chairman, President, Vice President, Cashier Chairman,President, Vice President, Cashier Chairman, Vice Chairman, President Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Cashier President Chairman, President, Vice President, Cashier GROUP 2 — Continued TEXAS — Continued Location Name of Bank or Trust Company Lamesa La Porte Laredo Liberty Livingston Longview Lubbock Lubbock Lubbock Lufkin Marshall McAllen McAllen Mexia Midland Missouri City Mount Pleasant Nacogdoches Nacogdoches Odessa Odessa Odessa Ozona Pampa Panhandle Pearland Pearland Pecos Plainview Refugio Richardson San Antonio San Antonio San Antonio San Antonio San Antonio San Antonio San Marcos Seguin Seminole Silsbee Snyder The Lamesa National B a n k.......................................................... .. Bayshore National Bank of La P o rte ........................................... .. South Texas National Bank of Laredo......................................... .. The First Liberty National B ank.................................................... .. The First National Bank of Livingston.......................................... .. Texas National B a n k ..................................................................... .. Lubbock National B a n k ................................................................. .. Western National Bank.................................................................. .. Whisperwood National B a n k ........................................................ .. Surety Bank, National Association.............................................. .. First National B a n k........................................................................ .. Inter National B ank........................................................................ .. McAllen National B a n k .................................................................. .. First National Bank of M e x ia ........................................................ .. Midland American B a n k ................................................................ .. First National Bank of Missouri C ity ............................................ .. The American National Bank of Mount P le a sa n t...................... .. Commercial National Bank in Nacogdoches.............................. .. The Stone Fort National Bank of Nacogdoches........................ .. Bank of the West, National A ssociation..................................... ... First State Bank, National Association....................................... .. Western National Bank.................................................................. ... Crockett County National B a n k ................................................... .. First National Bank in Pam pa....................................................... ... The First National Bank of Panhandle........................................ ... First Bank Pearland....................................................................... ... West Side National Bank of P earland........................................ ... The Security State Bank of Pecos............................................... ... First National Bank of Plainview.................................................. ... The First National Bank of R efugio............................................. ... Sulphur Springs Sulphur Springs Sweetwater Temple Terrell Texarkana Texas City Tomball Universal City Waco First National Bank of Sulphur S p rin g s...................................... ... Sulphur Springs State B a n k ............................................................ First National Bank, Sweetwater, T e x a s .................................... ... First National Bank of T em ple..................................................... ... The American National Bank of T e rre ll..................................... ... The Texarkana National B ank..................................................... ... Texas City B a n k ............................................................................ ... Texas National B a n k ........................................................................ Converse National B a n k ............................................................. ... American Bank National Association......................................... Waco Waco Wichita Falls Wichita Falls Wichita Falls Winnsboro Central National B a n k ...................................................................... First Waco National B ank............................................................. ... American National B ank.............................................................. ... First National B a n k....................................................................... ... Parker Square Bank, N.A............................................................. ... The First National Bank of Winnsboro............................................ Canyon Creek National B a n k.......................................................... Intercontinental National B a n k .................................................... ... Kelly Field National B a n k ............................................................. ... Security National Bank of San A n to n io ...................................... ... Stone Oak National B a n k............................................................. ... Texas Bank, N.A............................................................................. ... Valley-Hi National Bank of San Antonio.................................... ... State Bank and Trust C om pany.................................................. ... First Commercial Bank, National A ssociation........................... ... Seminole National B a n k............................................................... ... Silsbee State B a n k........................................................................ ... Snyder National Bank................................................................... 6 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier President President, Vice President Chairman, President Chairman, President, Vice President, Cashier President Chairman, President, Executive Vice President President President President, Vice President, Cashier President, Vice President and Cashier Chairman, President, Cashier President President, Vice President, Cashier Chairman, President President President President Chairman, President, Vice President, Cashier President, Vice President President Chairman, President, Vice President, Cashier President, Vice President President President President, Vice President, Cashier Chairman President, Vice President, Cashier President, Cashier Cashier President President, Vice President, Cashier Chairman, President, Vice President, Cashier President President Chairman, President and Chief Executive Officer President, Vice President Chairman, President President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President, Executive Vice President, Vice President President President, Cashier President President Chairman, President, Vice President, Cashier Chairman, President, First Executive President Chairman, President, Vice President President President William C. Landiss, President and Chief Executive Officer President, Vice President, Cashier President President President President, Cashier Chairman, President, Vice President, Cashier Directors of the Federal Reserve Bank of Dallas As of April 19,1994 Name Gayle M. E a rls ....................... Occupation Elected by Banks in Group Class Term Expires Dec. 31 President and Chief Executive Officer, 1 A 1996 2 A 1995 Texas Independent Bank, Dallas, Texas VACANCY .............................. Eugene M. P h illip s................ Chairman of the Board and President, The First National Bank of Panhandle, Panhandle, Texas 3 A 1994 Peyton Y a te s ......................... President, Yates Drilling Company, 1 B 1994 Artesia, New Mexico J. B. Cooper, J r...................... Farmer, Roscoe, Texas 2 B 1996 Milton C a r ro ll......................... Chairman of the Board 3 B 1995 Appointed by the Board of Governors of the Federal Reserve System C 1994 Appointed by the C 1995 C 1996 and Chief Executive Officer, Instrument Products, Inc., Houston, Texas Cece S m ith ............................ Chairman General Partner, Phillips-Smith Specialty Retail Group, Dallas, Texas Roger R. Hemminghaus D eputy Chairman Chairman of the Board, President, and Chief Executive Officer, Diamond Shamrock, Inc., San Antonio, Texas James A. M a rtin .................... .. Third General Vice President, International Association of Bridge, Structural & Ornamental Iron Workers, Austin, Texas Board of Governors of the Federal Reserve System Appointed by the Board of Governors of the Federal Reserve System
