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Dallas, TX 75288 <br />FM IIr>ll�IaTa RBZ.uSg <br />January 1 , 1989 <br />DATJAAS `- NCNB Texas National Bank today 'reported <br />consolidated net income of $20.1 million fox the 40 days ended <br />Dec. 31, 1988. This represents the period fallowing <br />recapitalization of the bank on Nov. 22. <br />.We are extremely Pleased that NCNB Texas has begun <br />a Positive earnings note," said Timothy F. Hartman, Vi a on much <br />chairman. . "It further strengthens our already optimistic view of <br />the future for our bank and the economy of Texas. We are also <br />Pleased that the FDIC will begin to see an immediate benefit from <br />its equity Position." <br />Under terms of the Nov. 22 settlement, NCNB _Corp. has a 20 <br />Percent equity investment in NCNB Texas: The.FDIC's 80 percent <br />equity investment entitles the, agency to a like share in current <br />and retained earnings of the bank, Hartman said. <br />NC" Corp. will report in its consolidated statement of <br />income for- the fourth quarter of 1988 lts" 20 <br />Profits from the initial 40 days of operationaircent share of the <br />The $20.1 million in earnings added to the bank's already <br />strong equity Capital, whieh' was $1.070. billion on Dec. 210 <br />19881 the largest equity Capital base of any hank in Texas. Both <br />the primary-and total capital ratios were 6.2 <br />p <br />among the highest of all banking organizations in caking <br />nTexas <br />_mzy: <br />