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Fed er al R eserve Ba n k of Dallas DALLAS, TEXAS 7 5 2 2 2 Circular No. 90-52 July 31, 1990 SPECIAL ELECTION OF CLASS B DIRECTOR 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, as amended by the Federal Reserve Reform Act of 1977, and my circular dated June 22, 1990, in regard to the special election of a Class B Director of this Bank to succeed Mr. C. Dickie Williamson, deceased, and to serve the unexpired portion of a three-year term of office ending December 31,1 9 91 , given herein is the name of the candidate nominated for such directorship and the names of the banks which made the nomination. Except in the case of any member banks that are subsidiaries of the same bank holding company,* there is sent herewith to each bank in Group 1 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 Group 1 that will not participate in this election are being sent this circular, without forms, 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 circular. 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. The following procedure is required in the case of the Class B ballots: (1) The preferential ballot should be marked. (2) It should then be placed in the colored envelope marked “Ballot— Directors’ Election” and that envelope sealed. (3) Then 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.” In this connection, 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 G roup 1 affected by the foregoing provision of law are requested to take prom pt action to have the appropriate bank holding com pany designate, if it has not already designated, one of such 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) Under the law, the ballot must be returned so as to reach me within 15 days after its receipt. The polls will open on August 2 ,1 9 9 0 , and close at 2 p.m. on August 17,1990. 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 an nounced. The candidate is invited to be present or represented on that occasion. While the banks in Group 2 (consisting of banks having capital and surplus of over $2,000,000, but under $6,000,000) and Group 3 (consisting of banks having capital and surplus of $2,000,000 and under) will not vote in this election, this circular is sent to them, without forms, for their information. Sincerely yours, Enclosures (4) CANDIDATE FOR CLASS B DIRECTOR PEYTON YATES President Yates Drilling Company Artesia, New Mexico Peyton Yates was born and reared in Artesia, New Mexico. He graduated from Artesia High School and received his B.S. and M.S. in Petroleum Engineering from the University of Texas. He worked for Chevron Oil Company as a petroleum engineer for two years. He also served in the United States Army for two years with a tour in Viet Nam. Peyton went to work for the Yates companies in 1970 and is presently President of Yates Drilling Company and Executive Vice President of Yates Petroleum Corporation. He is past president of the Independent Petroleum Association of New Mexico, past president of Boy Scouts of America Conquistador Council, and president-elect of New Mexico Academy of Science. Peyton is a past director of the El Paso Branch of the Federal Reserve Bank of Dallas. He has three children, Jennifer, Mary Beth and Hanson. Nominated by the Following Banks in Group 1: NEW MEXICO R o s w e ll.......................Sunwest Bank of Roswell, National Association TEXAS A b ile n e .......................................................First National Bank of Abilene D allas............................................................ N C N BTexas National Bank D a lla s .................................................................Texas Independent Bank El P a s o ...............................................................................Bank of the West H enderson.................................... Citizens National Bank of Henderson M c A lle n ............................................................................. Texas State Bank San A n to n io ........................................................Broadway National Bank San A n to n io ............................ The Frost National Bank of San Antonio San A n to n io ........................................Groos Bank, National Association T e rre ll.......................................... The American National Bank of Terrell N O T E -A list of the banks in Group 1, showing the officers authorized to cast the vote of each bank, is given on pages 4 through 6 of this circular. 3 GROUP 1 C o n s is ts o f all m e m b e r b a n k s h a vin g ca p ita l and s u rp lu s o f $ 6 ,0 0 0 ,0 0 0 and ove r. Banks in this group elect one Class B Director. LOUISIANA Location O fficers A uthorized to C ast Vote N ame of Bank or Trust C om pany President Minden Minden Bank & Trust C o m p a n y ............................................... Monroe Central B a n k .................................................................................. President, Vice President, Cashier Shreveport C om m ercial National Bank in S h re v e p o rt.............................. ....... C hairman, President, Vice President, Cashier NEW MEXICO Location O fficers A uthorized to Cast Vote N ame of Bank o r T rust C om pany Las Cruces First National Bank of D ona A na C o u n ty .............................. President, Vice President, Cashier Roswell Sunw est Bank of Roswell, National A s s o c ia tio n ................. President Roswell United New Mexico Bank at Roswell, National A s s o c ia tio n ......................................................... ........ President, Vice President, Cashier TEXAS Location Officers Authorized to C ast Vote Name of Bank or Trust Com pany Abilene First National Bank of A b ile n e .......................................................... C hairman, President, Vice President, Cashier Amarillo Am arillo National B a n k ....................................................................... C hairman, President, Vice President, Cashier Amarillo The First National Bank of A m a rillo ................................................. President, Cashier Arlington Texas C om m erce B a n k -A rlin g to n , Austin First City, Texas - Austin, National A s so cia tio n ........................... President Austin Texas C om m erce Bank - Austin, National A s s o c ia tio n ............. Chairman, Vice President, Cashier National A s s o c ia tio n ................................................................. * Baytown Citizens Bank and Trust C om pany of Baytown, T e x a s .............. C hairman, President, Vice President, Cashier Beaumont First City, Texas - Beaumont, National Association .................. President, Senior Vice President, Beaumont Texas C om m erce Bank - Beaumont, National A s s o c ia tio n ...... Vice President, Cashier Chairm an, President, Vice President, Cashier Bedford Bedford National B a n k ....................................................................... Bellaire First National Bank of B e lla ire .......................................................... President Chairman, President, Vice President, Cashier Brownsville M Bank Brownsville, National A s s o c ia tio n ..................................... Chairman, President, Cashier Bryan First City, Texas - Bryan, National A s s o c ia tio n ........................... President Carrollton First W estern National Bank of C a rro llto n ..................................... Chairman Corpus Christi Am erican National B a n k .................................................................... President Corpus Christi First City, Texas - Corpus C h ris ti.................................................... President Corpus Christi First National Bank of Corpus C h ris ti............................................. President, Vice President Corpus Christi M Bank Corpus Christi, National A s s o c ia tio n ................................ Chairman, President, Vice President, Cashier Corpus Christi Texas C om m erce Bank - Corpus Christi, Dallas Cornerstone Bank, National A s s o c ia tio n ....................................... Dallas First City, Texas - D a lla s .................................................................. C hairman, President Dallas N CNB Texas National B a n k ............................................................. Chairman, President National A s s o c ia tio n ................................................................. President, Vice President, Cashier C hairman, President Dallas Northern Trust Bank of Texas, N .A .................................................. President Dallas Northpark National Bank of D a lla s .................................................. Dallas S tem m ons Northwest Bank, National A s s o c ia tio n ...................... Chairman, President * Dallas Texas Bank and Trust, National A sso cia tio n ................................ Chairm an, President Dallas Texas C om m erce Bank - Dallas, Dallas Texas Independent B a n k .................................................................. President, Chief Executive O fficer Dallas Turtle Creek National B a n k ............................................................... President National A s s o c ia tio n ................................................................. President, Executive Vice President, C ashier GROUP 1 - Continued TEXAS - Continued Location Officers Authorized to Cast Vote Name of Bank or Trust Com pany Chairman El Paso Bank of the W e s t............................................................................ El Paso Continental National B a n k ............................................................ President El Paso First City, Texas - El Paso, National A s s o c ia tio n .................. President El Paso M Bank El Paso, National A s s o c ia tio n ....................................... President El Paso Texas C om m erce Bank - El Paso, Farmers Branch Metropolitan National B a n k .......................................................... President Fort Worth Bank of C om m erce......................................................................... Chairman, President National A s s o c ia tio n ............................................................ Chairman, President, Vice President Fort Worth Overton Park National B a n k ......................................................... President Fort Worth Texas C om m erce Bank - Fort W orth, N .A ................................ Chairman, President, Vice President, Cashier G ainesville The Gainesville National Bank in G a in e sville ........................... President, Vice President Galveston United States National Bank of G a lv e s to n ............................... Chairman, President, Vice President, Cashier Graham First City, Texas - Graham, National A sso cia tio n .................. President, Executive Vice President, Grand Prairie R iverside National B a n k ................................................................ Citizens National Bank of H e nd erso n........................................ ...... Vice Chairm an, President Vice President, Cashier Henderson Cashier BancTexas Houston, National A s s o c ia tio n .............................. ...... Bank of H o u s to n ............................................................................. ...... Chairman, Nathan C. Collins Houston C harter National Bank - H o uston............................................... ...... First City, Texas - Houston, National A s s o c ia tio n ................. ...... President C hairman, President, Vice President, Cashier Houston First Interstate Bank of Texas, National A ss o cia tio n .............. President, C hairm an of the Houston Houston Lockwood National Bank of H o u s to n ........................................ ...... Metrobank, National A ss o c ia tio n ................................................ ...... President C hairman, President, Vice President, Cashier Houston Southern National Bank of T e x a s ............................................. Chairman, Harold Dodd; Houston S outhw est Bank of Texas, N .A .................................................... ...... Texas Capital Bank, National A s so cia tio n ................................ ...... Vice President, Cashier Texas C om m erce Bank National A s s o c ia tio n ........................ ...... First National Bank of H u n ts v ille ................................................ ...... C hairman, President, Vice President, Cashier Houston Houston Houston President, Vice President, Cashier Executive Com m ittee President, Joseph Catania Houston Houston Huntsville Laredo Laredo The Laredo National B a n k ........................................................... ...... Union National Bank of T e x a s .................................................... ...... President C hairman, President, Vice President, Cashier President, Vice President C hairman, President First National Bank at L u b b o c k .................................................. ...... The Plains National Bank of L u b b o c k ...................................... ...... Texas C om m erce Bank, National A s s o c ia tio n ....................... ...... First City, Texas - Lufkin, National A s s o c ia tio n ..................... ...... President, Vice President, Cashier First City, Texas - M adisonville National A s s o c ia tio n .......... ...... First National B a n k ........................................................................ ...... President, Vice President Marshall McAllen Texas C om m erce Bank - Rio G rande Valley, M cKinney National A s s o c ia tio n ........................................................... ...... Texas State B a n k .......................................................................... ...... BancTexas M cKinney, National A s s o c ia tio n ........................... ...... C hairman, President, Vice President, Cashier McAllen Midland C laydesta National B a n k .............................................................. President, Executive Vice President/ Midland First City, Texas - Midland, National A s s o c ia tio n ................. ...... President Midland Texas C om m erce Bank - Midland, Midland Nacogdoches National A s s o c ia tio n ........................................................... United Bank, National A s s o c ia tio n ............................................ ...... The Stone Fort National Bank of N a c o g d o c h e s ..................... ...... Odessa Texas C om m erce B a n k -O d e s s a , Orange First City, Texas - Orange National A sso cia tio n .................... ...... First National Bank in P a m p a ..................................................... ...... Lubbock Lubbock Lubbock Lufkin M adisonville President, Executive Vice President President Executive Vice President, Cashier President, Vice President and Cashier C hairman, President, Cashier C hairman, President, Vice President, Cashier Chief Operating O fficer National A s s o c ia tio n ........................................................... Pampa 5 * President Chairm an, President, Vice President, Cashier * C hairman, President, Vice President, Cashier President GROUP 1 - Continued TEXAS Location Continued Name of Bank or T rust Com pany Officers A uthorized to C ast Vote Pflugerville Hibernia National Bank in T e x a s ................................................... . Richardson Prom enade National B a n k ............................................................. President, Vice President, Cashier San Angelo First City, Texas - San Angelo, National A s s o c ia tio n .............. President, Executive Vice President San Angelo Texas C om m erce Bank - San Angelo, San Antonio Broadway National B a n k ................................................................. National A s s o c ia tio n .............................................................. President, Cashier Chairman, President, Vice President, Cashier * San Antonio First City, Texas - San Antonio, National A s s o c ia tio n .............. San Antonio The Frost National Bank of San A n to n io ...................................... President, Vice President, Cashier San Antonio Groos Bank, National A s s o c ia tio n ................................................. Chairman, President, Vice President, Cashier President, Vice President, Cashier San Antonio Intercontinental National Bank L a c k la n d ...................................... San Antonio Texas C om m erce Bank - San Antonio, Temple First National Bank of T e m p le ........................................................ President Terrell The American National Bank of T e r r e ll........................................ Chairman, President, Vice President, Cashier Texarkana Tyler The Texarkana National B a n k ........................................................ Cashier First City, Texas - Tyler, National A s s o c ia tio n ............................ Chairman, President, Vice President, Cashier Victoria First Victoria National B a n k ............................................................. Chairman, President, Vice President, Cashier Waco American Bank National A s s o c ia tio n ............................................ President & C.E.O., W illiam C. Landiss Waco MBank W aco, National A s s o c ia tio n .............................................. President Waco United Bank of W aco, National A s s o c ia tio n ................................ Texas Bank ......................................................................................... Chairman, President, Vice President, Cashier National A s s o c ia tio n ............................................................... W eatherford 6 Chairman, President, Vice President, Cashier President Directors of the Federal Reserve Bank of Dallas As of July 3 1 ,1 9 9 0 Term Elected Name Occupation by Banks Class in Group T.C. F ro s t.................................. Chairman of the Board, Frost National Bank, Expires Dec. 31 1 A 1990 2 A 1989 3 A 1991 1 B 1991 2 B 1990 3 B 1989 San Antonio, Texas Robert G. G re e r....................... Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas Charles T. D o y le ...................... Chairman of the Board and Chief Executive Officer, Gulf National Bank, Texas City, Texas V A C A N C Y ................................ Robert L. P flu g e r.................... Rancher, San Angelo, Texas Gary E. W o o d .......................... Adm. Bobby R. Inman, USN (R e t.)............................ Chairman Maj. Gen. Hugh G. Robinson, USA (R e t.)............................ D eputy Chairman Leo E. Linbeck, J r.................... President, Texas Research League, Austin, Texas Austin, Texas Appointed by the Board of Governors of the Federal Reserve System C 1990 Chairman of the Board and Chief Executive Officer, The Tetra Group, Inc., Dallas, Texas Appointed by the Board of Governors of the Federal C 1991 Chairman of the Board and Chief Executive Officer, Linbeck Construction Corporation, Houston, Texas Appointed by the Board of Governors of the Federal Reserve System C 1989 Reserve System
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