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ELECTION OF DIRECTORS NOMINATION PROCEDURES September 15, 1993 To the Member Banks of the Eighth Federal Reserve District: An election will be held under the provisions of Section 4 of the Federal Reserve Act, as amended, to choose successors to the following directors of this Bank. Class A Director Class B Director Ray U. Tanner Chairman, Director and CEO Volunteer Bank Jackson, Tennessee Warren R. Lee President W. R. Lee & Associates, Inc. Louisville, Kentucky Mr. Tanner was elected by banks in Group 2 to a three-year term which expires December 31, 1993. He has requested that his name not be placed in nomination for reelection. His successor will be chosen by banks in Group 2 which consists of banks having capital and surplus over $2,200,000, but not over $13,000,000. Mr. Lee was elected by banks in Group 1 to a three-year term which expires December 31, 1993. He is eligible for reelection for a term that will expire December 31, 1996. His successor will be chosen by banks in Group 1 which consists of banks having capital and surplus over $13,000,000. This letter lists the member banks in each classification. The group in which a member bank is entitled to vote is determined by its classification as of the date of this letter, even though its capital and surplus may subse quently change prior to the date of the election. Each bank participating in this election* may make a nomination as follows: Each bank in Group 2 may nominate one candidate for Class A director and each bank in Group 1 may nominate one candidate for Class B director. Limitations on eligibility for nomination for Class A and Class B directors are set forth below. The nomina tions must be made by resolution of the Board of Directors and certified to me on or before October 15, 1993. A form for this purpose is enclosed. Post Office Box 442 St. Louis, Missouri 63166 314/444-8444 On November 2, 1993, a list of the candidates (including by whom nominated) and a preferential ballot will be mailed to each bank in the voting groups. The ballot must be cast within fifteen days after receipt. The polls will open at 9 a.m. on November 4, 1993, and close at 2 p.m. on November 19, 1993. At that time the ballot box will be opened in the Board Room of this Bank, the votes counted and 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. If the official signature of the officer, or officers, authorized to cast the ballot has not been filed with this Federal Reserve Bank, such official signature should be filed before the polls close. Inasmuch as the authority conferred on these officers continues until revoked, they need not be reappointed. Each member bank which has not designated an officer, or officers, for the purpose of signing the ballot, or any bank that desires to change its authorization, should do so by resolution of its Board of Directors and certify the appointment to me before the polls close. A form for this purpose will be furnished upon request. While the banks in Group 3 will not vote in this election, this circular is sent to them without forms for their information. Group 3 consists of member banks with combined capital and surplus $2,200,000 and under. Robert H. Quenon Chairman of the Board ♦ Section 4 of the Federal Reserve Act, as amended, provides that whenever member banks in the same Federal Reserve district are subsidiaries of the same bank holding company, participation in the nomination and election is confined to the member bank designated for that purpose by the holding company. - 2 - LIMITATIONS ON ELIGIBILITY FOR NOMINATION Section 4 of the Federal Reserve Act, as amended, contains the following provisions: Class A shall consist of three members, without discrimination on the basis of race, creed, color, sex or national origin, who shall be chosen by and be representative of the stockholding banks. . . . No officer or director of a member bank shall be eligible to serve as a Class A director unless nominated and elected by banks which are members of the same group as member bank of which he is an officer or director. . . . Any person who is an officer or director of more than one member bank shall not be eligible for nomination as a Class A director except by banks in the same group as the bank having the largest aggregate resources of any of those of which such person is an officer or director. Class B shall consist of three members, who shall represent the public and shall be elected without discrimination on the basis of race, creed, color, sex or national origin, and with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor and consumers. . . . No director of Class B shall be an officer, director or employee of any bank. No Senator or Representative in Congress shall be a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Federal Reserve Bank. The Board of Governors of the Federal Reserve System has issued the following guidelines concerning qualifications of Class A and B directors. Class A directors should be representatives of the member banks by which they are elected [and] should be residents of the district in which the Federal Reserve Bank is located. The Federal Reserve Banks will be served best by directors whose business and financial interests are primarily within and representative of the bank or branch territory for which they are selected rather than of interests controlled or owned outside of such territory. A person whose sole occupation is that of the officer of an insurance company or of a savings and loan association is not eligible for election as a Class B director of a Federal Reserve Bank. On June 2, 1978, the Board of Governors restated its long-standing policy that activity which might be interpreted as associating the Federal Reserve with any political party or political activity is inconsistent with service as a Bank director. In addition, holding a public office in the service of the United States, or of any state, territory, county, district, municipality or political subdivision similarly is inconsistent with service as a Bank director. - 3 - GROUP 1 Consisting of m em ber banks having capital and surplus over $13,000,000 Banks in this group elect one Class B Director ARKANSAS City Name of Bank Voting Officer Fayetteville.......................... Worthen National Bank of Northwest Arkansas...................... Chairman, President or Chief Executive Officer Hot Springs.......................... Arkansas Bank and Trust C om pany......................................... Chairman, Vice Chairman, President, Hot Springs.......................... Worthen National Bank of Hot Springs ................................... Chairman, President, Vice President or Cashier Little Rock............................ First Commercial Bank, National Association ......................... Chairman, Vice Chairman, President, Little Rock............................ One National Bank........................................................................ Chairman, President, Vice President or Cashier Little Rock............................ Worthen National Bank of Arkansas.......................................... Chairman, Vice Chairman or President Pine B lu f f ............................ Simmons First National Bank of Pine B lu ff............................. Chairman, President, Vice President or Cashier Vice President or Cashier Vice President or Cashier IN D IAN A Evansville............................ Old National Bank in Evansville................................................ Chairman, President, Vice President or Cashier Evansville............................ The Citizens National Bank of Evansville................................. Chairman, President, Vice President or Cashier . The National City Bank of Evansville....................................... Chairman, President, Vice President or Cashier Evansville........................ K EN TU C K Y Bowling Green .. Bowling Green Bank & Trust Company, National Association Chairman, President, Vice President, Cashier Bowling Green .. Trans Financial Bank, National Association............................ Chairman, President, Vice President or Cashier Louisville............. PNC Bank, Kentucky, Inc............................................................. Chairman, Vice Chairman, President, Louisville............. National City Bank, Kentucky.................................................... Chairman, President, Vice President or Cashier Louisville............. Liberty National Bank and Trust Company of Louisville............................................................................ Chairman, President, Vice President or Cashier Louisville............. Mid-America Bank of Louisville & Trust Co............................ Chairman, President, Vice President or Cashier O w ensboro......... The Owensboro National B a n k .................................................. Chairman, President, Vice President or Cashier or any Executive Officer Vice President or Cashier MISSISSIPPI Columbus First-Columbus National Ba nk...................... Chairman, President, Vice President or Cashier Pontotoc . The First National Bank of Pontotoc........... Chairman, President, Vice President or Cashier Starkville . National Bank of Commerce of Mississippi Chairman, Vice Chairman, Chairman of Executive Committee, President, Vice President or Cashier 4— G R O U P 1 (continued) M ISSOURI City Name of Bank Voting Officer Clayton .. Commerce Bank of St. Louis, National Association . . . Chairman, Vice Chairman, President, Springfield. Commerce Bank of Springfield, National Association........... Chairman, President, Vice President or Cashier St. Louis .. The Boatmen’s National Bank of St. Louis ............................ Chairman, President, Vice President or Cashier St. Louis . . Mercantile Bank of St. Louis National Association........... Vice President or Cashier . Chairman, President or Senior Vice President TE N N E S S E E M em phis.............................. EFS National Bank........................................................................................................................................................... M em phis.............................. First Tennessee Bank National Association Memphis........... Chairman, President, Executive Vice M em phis.............................. National Bank of Com m erce...................................................... Chairman, President, Vice President or Cashier . Union Planters National B a n k .................................................... Chairman, President, Vice President or Cashier President or Cashier M em phis.......................... — 5 — GROUP 2 Consisting of m em ber banks having capital and surplus over $2,200,000 but not over $13,000,000 Banks in this group elect one Class A Director ARKANSAS City Name of Bank Voting Officer Batesville........... T C B The Community Bank of Arkansas in Batesville........... Worthen National Bank of Batesville ....................................... Chairman, President, Vice President or Cashier Batesville........... The Citizens B a n k ....................................................................... Chairman, President, Vice President or Cashier Batesville, N .A ............................................................................ Chairman, President, Vice President or Cashier Bentonville . . . . FIRSTBANK, National Association........................................... Chairman, President, Vice President or Cashier Blytheville......... The Farmers Bank & Trust Co.................................................... Chairman, President, Vice President or Cashier Cam den............. Worthen National Bank of Camden ......................................... Chairman, President, Vice President or Cashier Cam den............. The Merchants and Planters Bank, National Association . . . Chairman, President, Vice President or Cashier C o n w a y............. First Community B a n k ................................................................. Chairman, Vice Chairman, President, C o n w a y............. The First National Bank of C o n w a y ......................................... President C o n w a y............. Worthen National Bank of C onw ay........................................... Chairman, President, Vice President or Cashier Crossett............. First National Bank of Crossett.................................................. Chairman, President, Vice President or Cashier El D o ra d o ......... National Bank of Commerce of El D orado.............................. President Vice President, Cashier or Secretary El D o ra d o ......... The First National Bank of El Dorado....................................... Chairman, President, Vice President or Cashier Fayetteville . . . . The Bank of Fayetteville, N.A..................................................... Chairman, President, Vice President or Cashier Forrest City . . . . First National Bank of Eastern Arkansas................................ Chairman, President, Vice President or Cashier Fort Sm ith......... The City National Bank of Fort Smith....................................... Chairman or President Fort Sm ith......... The First National Bank of Fort S m ith ..................................... Chairman, President, Vice President or Cashier Fort Sm ith......... The Merchants National Bank of Fort S m ith .......................... Chairman, President, Vice President or Cashier Harrison ........... Worthen National Bank of Harrison ......................................... Chairman, President, Vice President or Cashier H o p e ................. The Citizens National Bank of Hope......................................... Chairman, President, Vice President or Cashier H o p e ................. The First National Bank of Hope ............................................. President Lavaca............... River Valley Bank and T r u s t ...................................................... Chairman, President, Vice President or Cashier Little Rock......... Metropolitan National B a n k ........................................................ President Magnolia........... First National Bank of M agnolia............................................... President or Cashier M e n a ................. First National Bank in M e n a ...................................................... Chairman, President, Vice President or Cashier Morrilton........... The First National Bank of Conway C o u n ty............................ President Mountain Home First National Bank & Trust Company of Mountain Home .. Chairman, President, Vice President or Cashier Nashville........... The First National Bank of Nashville ....................................... President or Cashier North Little Rock National Bank of Arkansas in North Little Rock ................... Chairman, President, Vice President or Cashier Paragould......... First National Bank....................................................................... Chairman, President, Vice President or Cashier Pine B lu f f ......... Worthen National Bank of Pine B lu ff....................................... President or Vice President Pine B lu ff......... Pine Bluff National B a n k ............................................................ Chairman, President, Vice President, Cashier Russellville . . . . First Bank of Arkansas ............................................................... Chairman, President, Vice President or Cashier Russellville . . . . Worthen National Bank of Russellville..................................... Chairman, President, Vice President or Cashier or Secretary of the Board Springdale......... The First National Bank of Springdale..................................... Chairman, President, Vice President or Cashier Texarkana......... The State First National Bank of Texa rka n a .......................... Chairman, President, Vice President or Cashier T ru m a n ............. First State Bank of Arkansas...................................................... Chairman, President, Vice President or Cashier Van Buren......... First National Bank of Crawford County................................... Chairman, President, Vice President or Cashier W yn n e ............... The First National Bank of W y n n e ........................................... President —6— GROUP 2 (continued) ILLIN O IS City Name of Bank Voting Officer Alton . . Mercantile Bank of Illinois National Association . . Chairman, President, Vice President, Cashier Belleville . . Boatmen’s National Bank of Belleville..................... Chairman, President, Vice President or Cashier Carbondale First National Bank and Trust Company ................. Chairman, President, Vice President or Cashier Centralia .. Mercantile Bank of Centralia, National Association . President, Vice President or Cashier DuQuoin . . DuQuoin State Bank .................................................... Chairman, President, Vice President or Cashier Effingham . Effingham State B a n k .................................................. Chairman, President, Vice President, Cashier Effingham . The First National Bank of Effingham ...................... Chairman, President, Vice President or Cashier Fairfield . .. The Fairfield National Ba nk......................................... Chairman, President, Vice President or Cashier Farina . . . . State Bank of F a rin a .................................................... Chairman, President, Vice President or Cashier Harrisburg . The First National Bank of Harrisburg..................... President, Vice President or Cashier Harrisburg . The Harrisburg National Bank..................................... Chairman, President, Vice President or Cashier or Chairman of the Executive Committee or Assistant Cashier Hillsboro .. Montgomery County National Bank .......................... President, Vice President or Cashier Jacksonville Elliott State B a n k .......................................................... Chairman, President, Vice President or Cashier Newton . . . The First National Bank in Newton............................ Chairman, President, Vice President or Cashier O ln e y......... First National Bank in O ln e y ....................................... Chairman, President, Vice President or Cashier Qui ncy. . . . First Bankers Trust Company, National Association Chairman, President, Vice President or Cashier Red Bud .. First State Bank of Red B u d ....................................... President, Vice President or Cashier Robinson . . The First National Bank in Robinson........................ Chairman, President, Vice President or Cashier Steeleville . First National Bank of Steeleville.............................. Chairman, President, Vice President or Cashier Teutopolis . Teutopolis State B a n k .................................................. President or Cashier IN DIAN A Charlestown Liberty National Bank and Trust Company of Indiana Chairman, President, Vice President or Cashier English . . . English State Bank.......................................................... Chairman, President, Vice President or Cashier Madison. . . Citizens National Bank of Madison.............................. Chairman, President, Vice President or Cashier New Albany National City Bank, Southern Indiana.......................... Chairman, President, Vice President or Cashier Petersburg The Citizens State Bank of Petersburg ..................... President, Vice President or Cashier Scottsburg. The Scott County State B a n k ....................................... Chairman, President, Vice President or Cashier Tell C ity . . . The Citizens National Bank of Tell C i t y ..................... Cashier Tell Ci ty. . . The Tell City National Bank........................................... Chairman, President, Vice President or Cashier Vincennes . The American National Bank of V incennes............... Chairman, President, Vice President or Cashier K EN TU C K Y Bowling Green .. National City Bank, Bowling Green........... Chairman, President, Vice President or Cashier Danville............... The Farmers National Bank of D anville............. President, Vice President or Cashier Elizabethtown . . . Liberty National Bank and Trust Company of Hardin C o u n ty.................................................. Chairman, President, Vice President or Cashier G la s g o w ............. The New Farmers National Bank of Glasgow .. Chairman, President, Vice President or Cashier Henderson ......... Citizens Bank of Henderson County, National Association....................................... Chairman, President, Vice President or Cashier Henderson ......... Ohio Valley National Bank of Henderson........... Chairman, President, Vice President or Cashier Hopkinsville......... NationsBank of Kentucky, National Association. Chairman, President, Vice President or Cashier Madisonville Liberty National Bank of Madisonville................. Chairman, President, Vice President or Cashier Mayfield............... The First National Bank of Mayfield................... Chairman, President, Vice President or Cashier — 7— GROUP 2 (continued) K E N T U C K Y (continued) City Name of Bank Voting Officer Morganfield The Morganfield National Bank.................................................. President, Vice President or Cashier Owensboro Liberty National Bank of O w ensboro....................................... Chairman, President, Vice President or Cashier Paducah .. The Peoples First National Bank & Trust Company of Paducah.......................................................... President or Vice President MISSISSIPPI Chairman, President, Vice President or Cashier Clarksdale.. First National Bank of Clarksdale............................................. Corinth National Bank of Commerce of C o rin th ................................... Chairman, President, Vice President or Cashier lu k a ............. First American National B a n k .................................................... Chairman, President, Vice President or Cashier Lexington .. First National Bank of Holmes C o u n ty..................................... Chairman, President, Vice President or Cashier New Albany. First National Bank....................................................................... Chairman, President, Vice President or Cashier O xford......... The First National Bank of O x fo rd ........................................... Chairman, President, Vice President or Cashier West Point . The First National Bank of West Point..................................... Chairman, President, Vice President or Cashier M ISSOURI Cape Girardeau .. Boatmen’s National Bank of Cape Girardeau .. C la y to n ................. First National Bank of St. L o u is ............................................... . Chairman, Vice Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier C la y to n ................. U. S. National Bank of Clayton.................................................. Chairman, President, Vice President or Cashier Columbia............... Commerce Bank, National Association..................................... Chairman, President, Vice President or Cashier Columbia............... First National Bank and Trust Company ................................ Chairman, President, Vice President or Cashier Columbia............... The Boone County National Bank of Colum bia...................... Chairman, President, Vice President or Cashier Farm ington........... Commerce Bank of St. Francois County National F u lto n ................... The Callaway Bank ..................................................................... Chairman, President, Vice President or Cashier Jefferson City Missouri Independent B a nk........................................................ Chairman, President, Vice President or Cashier Association ........................................................................... Chairman, President, Vice President or Cashier L e m a y ................... Lemay Bank & Trust Com pany.................................................. President or Vice President Perryville............... Capital Bank of Perryville, National Association ................... Chairman, President, Vice President or Cashier Popular Bluff......... Commerce Bank of Southeast Missouri, National Association............................................................ Chairman, President, Vice President or Cashier Shrewsbury........... Heritage National B a n k ............................................................... Chairman, President, Vice President or Cashier Sikeston ............... The First National Bank of the M id-South.............................. Chairman, President, Vice President or Cashier Springfield............. First City National Bank............................................................... President or Cashier Springfield............. Metropolitan National B a n k ........................................................ Chairman, President, Vice President or Cashier St. Louis Lindell Bank & Trust Com p a ny.................................................. President, Executive Vice President or Vice President St. L o u is ............... South Side National Bank in St. Louis................................ St. L o u is ............... United Missouri Bank of St. Louis, N.A.................................... . Chairman, President, Vice President or Cashier Chairman, Vice Chairman, President, West Plains. . . Boatmen’s First National Bank of West P la in s ...................... Chairman, President, Vice President or Cashier Vice President or Cashier TE N N E S S E E Dyersburg First-Citizens National Bank ofD yersburg................................ Chairman, President, Vice President orCashier Memphis . Enterprise National Bank............................................................ Chairman, President, Vice President orCashier Memphis . First Commercial Bank, NationalAssociation of Memphis .. Memphis . First City National Bank............................................................... —8— Chairman, President, Vice President or Cashier Chairman, President, Vice President orCashier ELECTION Chairman of the Board Federal Reserve Bank of St. Louis P.O. Box 442 St. Louis, Missouri 63166-0442 Certificate of Nomination for Class A Director Federal Reserve Bank of St. Louis Group No. 2 Chairman, Board of Directors Federal Reserve Bank of St. Louis At a meeting of the board of directors of the (C IT Y ) (N A M E O F B A N K ) (S T A T E ) duly called and held on the ____________________ day of _____________________ , 1993, on motion duly made and seconded, it was “ RESOLVED, That ________________________________________________________ , of whose occupation is__________________________________________________________ , be, and is hereby nominated as a candidate for director of Class A of the Federal Reserve Bank of St. Louis, and the officer whose name appears below is hereby authorized, empowered, and directed to certify this nomination to the Chairman of the Board of Directors of the Federal Reserve Bank of St. Louis, in accordance with the provisions of Section 4 of the Federal Reserve Act.” I hereby certify that the foregoing is a true and correct copy of a resolution of the Board of Directors of this bank IMPRINT duly adopted on the date specified. BANK SEAL HERE (S IG N A T U R E ) (N A M E A N D TIT LE O F O FF IC E R ) 0 5 1 -3 Rev. 8-93
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