UF00083755_00003.pdf

UF00083755_00003.txt

UF00083755_00003_pdf.txt

T0:

DALE MABRY STATE BANK (in organization)
c/o J. W. Kynes
Box 22601
Tampa. Florida 33622

September 5, 1973

Subscribers

Dale Mabry State Bank

The organizers are pleased to inform you that we now have
approval from Fred 0. Dickinson. Jr.. State Comptroller. and
the Federal Reserve Board to officially organize your new Bank.

At the present time:

I.

3.

5.

The Articles of Incorporation have been filed
with the State and Federal Reserve System;

We have employed as President. J. Bennett Wilson.
who was formerly Executive Vice President and

Chief Executive Officer of the Northside community
Bank in St. Petersburg. Mr. Wilson is an out-
standing banker, a native Tampan and previously was
an officer of The National Bank and International
Bank of Tampa. We are very fortunate to obtain

the services of Mr. Wilson and feel confident you
will approve of his leadership.

The purchase of our banking site to be located at
302 North Dale Habry Highway. Tampa. is to be closed
shortly. Plans are being finalized with the archi-
tect for the permanent banking house with construc-
tion to commence at the earliest possible date:

We plan to open in temporary quarters after the
approval by the State Banking Department and the
Federal Reserve Bank of Atlanta. We are tentatively
scheduling the Opening for the period between
October 15 and November 1.

The organizing Board of Directors is as follows:

Joe B. Cordell
James W. Kynes
George Levy

Thomas C. MacDonald
Art Pepin

James W. Walter

J. Bennett Wilson

In order to hold our first stockholders meeting for organiza-
tiunal purpuuws. at which time directors will be elected. by-laws
adopted. and any other appropriate business transacted. and because
the organizxnn Hoard of Directors deems it in the best interest of
the Bank to prnloed as rapidly as possible with construction of the
DUlldlng and uprning in temporary quarters. we find it necessary to
call for the payment of capital subscriptions by October 1 and to
set the organizational meeting of the stockholders for October 8.

There will be 100.000 shares of stock issued at the price of
$10.25 per share. or this amount $0.25 per share constitutes the
Organizational Fxpense Fund. Therefore. the remaining investment
cast will be $10.00 per share, allocated $5.00 to common capital.
$4.00 to surplus and $1.00 to undivided profits.

At its mevtlng on August 29. 1973. the organizational Board
of Directors adopted a resolution which set October I. 1973. at
5:00 p.m. as the final time by which payment for subscriptions
must be received in full. The Board further provided that subscrip-
tions not receiVed by that date and hour. in full. would be forfeited.
and that such defaulting subscription rights would be assigned to
others with the Board. in its sole discretion, selecting the stock-
holders to whom such defaulting subscription rights would be assigned.

EnCIOsed you will find a form which shows the number of shares
to which you may subscribe and the amount of payment necessary to

complete the purchase of those shares. A temporary receipt will be
issued pending delivery of your stock certificate.

Also enclosed you will find a form for stock issue instructions
and an explanatory cover letter for its use. Please return the com-
pleted form along with your payment.

Notice 01 the stockholders meeting. along with a copy of the
preposed by-laWs. the organizing Board of Directors' recommendations
and proxy forms are also enclosed. and we ask you to return the
proxy with your subscription. We also invite you to attend the

stockholders meeting in person so that we may show you the Bank's
temporary quarters. etc.

On behalf n: the organizing Board of Directors. we want to
thank you for your confidence and interest in the Dale Mabry State
Bank. May we urge you once again to preserve your investment by sub-
mitting payment for your subscription by the designated deadline.

Sincerely.

Z c

James w. s
Cashier. pro tem




Enclosures




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