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BANCTEXAS HAS IMPROVED OPERATING RESULTS AND JUMPS FDIC HURDLE

 BANCTEXAS HAS IMPROVED OPERATING RESULTS AND JUMPS FDIC HURDLE
 DALLAS, Jan. 27 /PRNewswire/ -- BancTEXAS Group Inc. (NYSE: BTX), which owns banks located in Houston and McKinney, Texas, today announced significant operating improvements for 1991 with losses at $2.9 million, a 65 percent reduction from 1990, and indicated its opinion that the company is well on its way to a substantial turn-around. BTX also announced that it has been notified that the FDIC has elected not to assert potential claims which resulted from the failure of BancTEXAS Dallas N.A. two years ago.
 Nathan C. Collins, chairman of the board and president stated: "We are very pleased with our progress in 1991 and are increasingly optimistic about 1992 and beyond. We are grateful for the support and guidance given us by the FDIC during this period and hope to fully justify its faith in our progress. We are not yet 'out of the woods' because losses continue but we hope our ever-improving operations, shrinking portfolio of non-performing assets, and solid banking services will assure that the turnaround is completed this year."
 Pursuant to the Financial Institutions Reform, Recovery and Enforcement Act of 1989, the FDIC had the right to assert certain claims because of the declared insolvency of BancTEXAS Dallas in January of 1990. With close supervision by the regulatory agencies and full cooperation from BTX, all parties recognized that BTX's two remaining banks would be best served by allowing them to remain in an environment in which a successful turnaround can be completed.
 In 1990 the company experienced operating losses of $8.5 million or 50 cents per share. The year just completed, 1991, saw losses drop to $2.9 million or 17 cents per share through a progression of steadily shrinking losses in each quarter of the year. For the fourth quarter of 1991, BTX's operating result was a loss of $344,000, or 2 cents per share, compared to a loss of $2.8 million, or 16 cents per share, for the same period in 1990.
 At Dec. 31, 1991, BTX's non-performing assets were $10.4 million, or 5.9 percent of loans and foreclosed property, compared to $15.4 million, or 8.38 percent, at Dec. 31, 1990. The allowance for loan losses at Dec. 31, 1991 was $4.2 million, or 2.5 percent of loans. This allowance compares to $5.5 million, or 3.1 percent, at Dec. 31, 1990.
 BTX's consolidated risk-based capital ratio was 6.72 percent at Dec. 31, 1991, compared to 9.18 percent at Dec. 31, 1990. At Dec. 31, 1991, the risk-based capital ratios were 7.39 percent for BancTEXAS Houston and 7.30 percent for BancTEXAS McKinney.
 BANCTEXAS GROUP INC.
 (In thousands, except per share)
 Fourth quarter 1991 1990
 Net interest income $2,495 $2,062
 Provision for loan losses 120 150
 Net loss from operations (344) (2,756)
 Extraordinary income from
 settlement of contingency -- 36,130
 Net income (loss) (344) 33,374
 Net loss per share from operations $(.02) $(.16)
 Effect per share of extraordinary income -- 2.14
 Net income (loss) per share (.02) 1.98
 Average number of shares outstanding 16,884 16,884
 Year ended Dec. 31 1991 1990
 Net interest income $9,434 $9,826
 Provision for loan losses 835 1,565
 Net loss from operations (2,930) (8,523)
 Extraordinary income from
 settlement of contingency -- 36,130
 Net income (loss) (2,930) 27,607
 Net loss per share from operations $(.17) $(.50)
 Effect per share extraordinary income -- 2.14
 Net income (loss) per share (.17) 1.64
 Average number of shares outstanding 16,884 16,884
 Period-end 12/31/91 12/31/90
 Assets $266,123 $234,944
 Deposits 230,909 215,325
 Loans 170,666 174,185
 Allowance for loan losses 4,224 5,463
 Stockholders' equity 9,202 12,132
 Non-performing assets 10,384 15,408
 Risk Based, Tier I (pct.) 4.77 6.58
 Risk Based, Total (pct.) 6.72 9.18
 -0- 1/27/92
 /CONTACT: Kert Moore, controller, treasurer and chief accounting officer of BancTEXAS Group, 214-548-4010/
 (BTX) CO: BancTEXAS Group Inc. ST: Texas IN: FIN SU: ERN


CK -- NY082 -- 3825 01/27/92 14:10 EST
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Date:Jan 27, 1992
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