CM Bank Holding Company Shareholders Approve Merger with Hibernia.

LAKE CHARLES, 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 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) is listed on the New York Stock Exchange.

CONTACT: Hibernia Corp., New Orleans

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

504/488-8826 (home)

or

Investor contact: Dana Combes, 504/533-2180 (office)

504/895-8480 (home)