-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, D6yQtvA4X2IMKB8Hk37vEDMwnrcvPhlMJNqk68M1VQc4XFNTM/h7g12WFGBJZ3J0 aBuefqRJrkEB37aivSHSFg== 0000899243-96-001203.txt : 19960911 0000899243-96-001203.hdr.sgml : 19960911 ACCESSION NUMBER: 0000899243-96-001203 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960830 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960910 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORT BEND HOLDING CORP CENTRAL INDEX KEY: 0000896766 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 760391720 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21328 FILM NUMBER: 96627758 BUSINESS ADDRESS: STREET 1: 3400 AVENUE H CITY: ROSENBERG STATE: TX ZIP: 77471 BUSINESS PHONE: 7133425571 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) August 30, 1996 FORT BEND HOLDING CORP. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) DELAWARE 0-21328 76-0391720 - -------------------------------------------------------------------------------- (State or other (Commission File No.) (IRS Employer jurisdiction of Identification incorporation) Number) 3400 Avenue H, Rosenberg, Texas 77471-3808 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (713) 342-5571 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events - ------ ------------ On August 30, 1996, the Registrant issued the press release attached as Exhibit 99 announcing the purchase of controlling interest in Mortgage Banking Business. The foregoing information does not purport to be complete and is qualified in its entirety by reference to the Exhibit to this Report. Item 7. Press Release - ------- ------------- (c) Exhibits The Exhibit referred to in Item 5 of this Report and listed on the accompanying Exhibit Index is filed as part of this Report and is incorporated herein by reference. 2 EXHIBIT NUMBER DESCRIPTION ------- ----------- 99 Press release, dated August 30, 1996 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. FORT BEND HOLDING CORP. Date: September 9, 1996 By:/s/ Lane Ward ---------------------- Lane Ward Vice Chairman, President and Chief Executive Officer 4 EX-99 2 PRESS RELEASE FOR IMMEDIATE RELEASE For more information contact: AUGUST 30, 1996 Lane Ward, President/CEO (713) 342-5571 FORT BEND HOLDING CORP. TO PURCHASE CONTROLLING INTEREST IN MORTGAGE BANKING BUSINESS ROSENBERG, TEXAS, August 30, 1996 -- Fort Bend Holding Corp. today announced that its wholly owned subsidiary, Fort Bend Federal Savings and Loan Association of Rosenberg ("Fort Bend"), has executed a letter of intent with The Woodlands Corporation to acquire a controlling interest in a new limited liability company to be called the New Mitchell Mortgage Company ("New Mitchell"). It is being formed for the purpose of engaging in the mortgage banking business, including the origination and servicing of single family purchase loans, single family construction loans and commercial and multifamily real estate loans. The Woodlands will contribute certain mortgage loans and its mortgage servicing portfolio and liabilities of its wholly-owned mortgage banking subsidiary, Mitchell Mortgage Company ("Mitchell"), in exchange for a 49% ownership interest in New Mitchell and Fort Bend will contribute cash in exchange for a 51% ownership interest in New Mitchell. Mitchell Mortgage Company was formed in 1974 and has had a mortgage banking relationship with Fort Bend Holding Corp. for seven years. Upon satisfactory completion of both parties' due diligence review, Fort Bend and The Woodlands Corporation intend to enter into a definitive agreement at the earliest practicable date. The transaction should be completed by year end. New Mitchell is proposed to be operated in a manner consistent with that currently engaged in by Mitchell. "We are very pleased to be able to join forces with The Woodlands Corporation in this venture," said Lane Ward, President of Fort Bend Holding Corp. "The Woodlands Corporation's development known as The Woodlands has long been one of the premier residential and commercial projects in the Houston metropolitan market. By combining the strengths of Fort Bend and Mitchell Mortgage Company, we anticipate being able to provide superior services to this area" he concluded. The Woodlands is a 25,000-acre community located 27 miles north of downtown Houston. Open for 22 years, The Woodlands is home to 46,000 people and more than 700 companies that provide 16,500 jobs within the community. With new homes priced from the $90's to more than $1 million, The Woodlands has been number one in new home sales in the region since 1990. Fort Bend Holding Corp. reported total assets of $254.7 million, deposits of $204.9 million, and stockholders equity of $18.0 million as of June 30, 1996. Fort Bend Holding Corp.'s stock is traded on the Nasdaq National Market under the symbol "FBHC". -----END PRIVACY-ENHANCED MESSAGE-----