Texas Regional Bancshares, Inc. Appoints John A. Martin as Chief Financial Officer
01 Abril 2005 - 3:24PM
PR Newswire (US)
Texas Regional Bancshares, Inc. Appoints John A. Martin as Chief
Financial Officer MCALLEN, Texas, April 1 /PRNewswire-FirstCall/ --
Texas Regional Bancshares, Inc. (NASDAQ:TRBS) ("Texas Regional" or
the "Company"), bank holding company for Texas State Bank, today
announced the appointment of John A. Martin as the new Executive
Vice President and Chief Financial Officer of Texas Regional
effective as of March 31, 2005. Mr. Martin, who is 57, replaces R.
T. Pigott, Jr., who left to pursue other business opportunities.
Mr. Martin has practiced public accounting for over thirty years.
He graduated from the University of Texas at Austin with a BBA in
Accounting in 1970, and worked for over eight years with two
international accounting firms as a senior manager providing audit
services in the Houston and Corpus Christi markets to various
commercial industries including financial institutions. In 1984, he
became a partner in the McAllen accounting firm of Smith Fankhauser
Voigt & Watson, PLLC. During his twenty-year tenure with Smith
Fankhauser, Mr. Martin has, among other things, been the partner in
the firm responsible for firm management, audit practice and
quality control. His principal area of accounting specialization is
providing services to financial institutions throughout South
Texas. For over 20 years, Mr. Martin has counted Texas Regional as
one of his clients. In the early years of that relationship, Mr.
Martin (through Smith Fankhauser) provided audit services to Texas
Regional, but in recent years he primarily provided the Company
with financial consulting services, including analyses of proposed
mergers and acquisitions, internal auditing and loan reviews. Mr.
Martin has resigned from Smith Fankhauser effective with his
appointment as the CFO of Texas Regional. Glen E. Roney, Chairman
of the Board and Chief Executive Officer of Texas Regional, said,
"During the past twenty years John has worked very closely with me
on many Texas Regional projects and has contributed a large part of
his time to our company in recent years. We are pleased that he has
agreed to join Texas Regional as a part of our senior management
team. John is well- qualified to fill this position, and I believe
that he will be an excellent addition to our staff." Mr. Martin's
civic involvement includes his service on the Board of Directors of
the Mission Economic Development Authority and the Mission Economic
Development Corporation, which work to encourage business growth in
Mission, Texas and surrounding communities. He has also served
since 1999 as a member of the Board of Directors of the World
Birding Center. Mr. Martin is married and has four adult children.
Other Information Texas Regional Bancshares, Inc., is a bank
holding company based in McAllen, Texas whose shares are traded on
The Nasdaq Stock Market(R) under the symbol TRBS. Texas State Bank,
its wholly-owned subsidiary, operates through 71 banking locations
across Texas including banking locations in the metropolitan areas
of Beaumont-Port Arthur, Brownsville-Harlingen-San Benito, Corpus
Christi, Dallas, Houston, McAllen-Edinburg-Mission and Tyler.
Additional financial, statistical and business-related information,
as well as business trends, is included in a Financial Supplement.
This release, the Financial Supplement and other information are
available on Texas Regional's web site at http://www.trbsinc.com/ .
The Financial Supplement and other information available on Texas
Regional's web site can also be obtained by calling Janie Moran,
Controller, at (956) 631-5400. This document and information on
Texas Regional's web site may contain forward-looking information
(including information related to plans, projections or future
performance of Texas Regional and its subsidiaries and planned
market opportunities and synergies from mergers), the occurrence of
which involve certain risks, uncertainties, assumptions and other
factors which could materially affect future results. If any of
these risks or uncertainties materializes or any of these
assumptions proves incorrect, Texas Regional's results could differ
materially from Texas Regional's expectations in these statements.
Texas Regional assumes no obligation and does not intend to update
these forward-looking statements. For further information please
see Texas Regional's reports filed with the SEC pursuant to the
Securities Exchange Act of 1934, which are available at the SEC's
web site at http://www.sec.gov/ . For further information, contact
Glen E. Roney, Chief Executive Officer at (956) 631-5400
(http://www.texasstatebank.com/ ). DATASOURCE: Texas Regional
Bancshares, Inc. CONTACT: Glen E. Roney, Chief Executive Officer of
Texas Regional Bancshares, Inc., +1-956-631-5400 Web site:
http://www.sec.gov/ Web site: http://www.trbsinc.com/
http://www.texasstatebank.com/
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