VICTORIA, Texas, April 19 /PRNewswire/ -- The Board of Directors of First
Victoria National Bank today announced the appointment of M. Russell Marshall
as President and Chief Executive Officer of First Victoria National
Bank effective May 15, 2000. Marshall, who currently serves as Executive Vice
President and Senior Trust Officer at First Victoria National Bank, has been
instrumental in leading the bank's Trust and Investment Management Division to
increased profitability and substantial growth in assets under management.
"This selection is the culmination of a search process which the Board of
Directors began in January during which both internal and external candidates
were considered. Russell brings to the position leadership abilities and both
technical and community knowledge, which will serve us well in moving forward
as a Premier Independent Bank of Texas", commented David M. Gaddis.
Russell Marshall stated, "I appreciate the confidence placed in me by the
Board of Directors. I look forward to assuming additional responsibilities
leading to continued growth and profitability for First Victoria National Bank
and FVNB Corp."
Gaddis, who currently serves as President and Chief Executive Officer of
both First Victoria National Bank and FVNB Corp. (Nasdaq: FVNB), will be
assuming full-time responsibilities as President and Chief Executive Officer
of FVNB Corp.
FVNB Corp. is a multi-bank holding company whose principal subsidiaries
are First Victoria National Bank with locations in Victoria, Edna, Ganado,
Port Lavaca, and Taft, Texas, and Citizens Bank of Texas, N.A., with locations
in New Waverly, The Woodlands, and Huntsville, Texas. As of March 31, 2000
total consolidated assets of the company were approximately $645 million and
consolidated equity capital was approximately $61 million.
["Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: The statements contained in this release which are not
historical facts contain forward looking information with respect to plans,
projections or future performance of FVNB Corp., the occurrence of which
involve certain risks and uncertainties detailed in the FVNB Corp. filings
with the Securities Exchange Commission.]
For Further David M. Gaddis
Information: President & CEO
FVNB Corp.
361-572-6500
SOURCE FVNB Corp.
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Related links:
http://www.fvnb.com
Company News On-Call:
http://www.prnewswire.com/comp/124759.html or fax,
800-758-5804, ext. 124759
CONTACT:
David M. Gaddis, President & CEO of FVNB
Corp., 361-572-6500
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