CM Bank Holding Company Shareholders Approve Merger with Hibernia.

LAKE CHARLES Lake Charles, city (1990 pop. 70,580), seat of Calcasieu parish, SW La.; inc. 1867. It is located on Lake Charles at the mouth of the Calcasieu River in a rice, timber, oil, and natural gas region. , La.--(BUSINESS WIRE)--Aug. 20, 1996--Shareholders of CM Bank Holding Company, parent of Calcasieu Marine National Bank, today approved their company's merger with Hibernia. The merger is expected to become effective Aug. 26.

Calcasieu Marine has approximately $791 million in assets and 21 banking locations in four parishes: Calcasieu, Jefferson Davis, Cameron and Allen. It ranks either first or second in all four parishes, and its market share is 34%, the largest in the combined area.

With additional pending mergers with $406-million-asset Texarkana National Bank in east Texas and $254-million-asset St. Bernard St. Bernard

a very large (110-200 lb) dog with massive, broad head, medium-sized ears lying close to the head, and a long tail. There are two varieties, the most familiar (rough) has a long, thick coat, while the smooth variety has a shorter coat, lying close to the body. Bank and Trust Co. in suburban New Orleans, Hibernia would have approximately $8.9 billion in assets. Hibernia then would have 198 banking locations in 29 parishes and one Texas county. It would be either first, second or third in deposit market share in 24 of these parishes and first in the one Texas county. Hibernia's Louisiana markets represent approximately 88% of the state's population and deposits. Its statewide Louisiana market share would be more than 17%.

The company's common stock (HIB Hib
abbr.
Haemophilus influenzae type b ) is listed on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. .

CONTACT: Hibernia Corp., New Orleans

Media contact: Jim Lestelle, 800/245-4388 (office)

504/488-8826 (home)

or

Investor contact: Dana Combes Combes may refer to:

Combes, Texas
Émile Combes, French statesman and one of the originator's of the concept of Separation of Church and State
Laura Combes, a female bodybuilder
Combes, a commune of the Hérault département, in France

, 504/533-2180 (office)

504/895-8480 (home)

COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Date:	Aug 20, 1996
Words:	210
Previous Article:	Highridge announces drilling and first half results.
Next Article:	Aquagenix reports second quarter and six months results.
Topics:	Banking industry Mergers, acquisitions and divestments Commercial banks

Related Articles
First State Shareholders, OCC Approve Merger with Hibernia.
American Bank Shareholders Approve Merger with Hibernia.
Hibernia Is Granted Options to Buy 18% of Delta Bank Shares, Files Application to Purchase Additional Stock.
Calcasieu Marine merger with Hibernia becomes effective; A.T.M. network available immediately.
Texarkana National Bancshares merger with Hibernia becomes effective.
Hibernia and ArgentBank to Merge, Expanding Hibernia's Southeast Louisiana Coverage.
Hibernia Signs Merger Agreement With Firstshares of Texas to Expand Coverage to Four More Texas Counties.
Firstshares Of Texas Shareholders Approve Merger With Hibernia.
Federal Reserve Approves Hibernia's Merger With Peoples Holding Corporation.
Hibernia Signs Merger Agreement With MarTex Bancshares to Expand Coverage of Northeast Texas.