VICTORIA, Texas, Aug. 10 /PRNewswire/ -- FVNB Corp. (Nasdaq: FVNB)
announced that documents to establish the effective date of the Company's
going private transaction were filed as of 5:00 p.m. on August 10, 2001. The
Company will soon be sending instructions to shareholders of the Company as of
that date concerning how they may receive any cash payment to which they may
be entitled. The Company also plans to terminate the registration of the
common stock of the Company under Section 12(g) of the Securities Exchange Act
of 1934 and cause the common stock of the Company to cease to be listed and
traded on the Nasdaq National Market System in the near future.
FVNB Corp. is a financial holding company whose principal operating
subsidiaries are First Victoria National Bank, with locations in Victoria,
Port Lavaca, Taft, Edna, and Ganado, Texas; Citizens Bank of Texas N.A., with
locations in New Waverly, Huntsville, and The Woodlands, Texas; and Citizens
Insurance Agency of Texas, Inc. As of March 31, 2001, total consolidated
assets of the Company were approximately $750 million and consolidated equity
capital was approximately $70 million. [Subsidiary Banks, Members FDIC.]
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
CONTACT:
David M. Gaddis, President & CEO of FVNB
Corp., +1-361-572-6500
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