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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
DATE OF REPORT (Date of earliest event reported): NOVEMBER 1, 2002
SOUTHWEST BANCORPORATION OF TEXAS, INC.
(Exact name of registrant as specified in charter)
TEXAS 000-22007 76-0519693
(State of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.)
4400 POST OAK PARKWAY
HOUSTON, TEXAS 77027
(Address of Principal Executive Offices) (Zip Code)
(713) 235-8800
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS.
On November 1, 2002 Southwest Bancorporation Of Texas, Inc. (the "Company")
issued a press release announcing the completion of the sale of its interest in
First National Bank of Bay City to Prosperity Bancshares in a cash transaction
valued at $2.9 million.
The Company, which owned approximately 58% of First National Bank of Bay
City, will record a pretax gain of approximately $1 million from the proceeds of
the sale during the fourth quarter. The Company became a majority shareholder in
First National Bank of Bay City in its merger with Citizens Bankers Inc. in
2000.
ITEM 7 (c). EXHIBITS.
Exhibit 99.1 Press Release dated November 1, 2002.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SOUTHWEST BANCORPORATION OF TEXAS, INC.
Dated November 5, 2002 By: /s/ JOHN MCWHORTER
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R. John McWhorter
Senior Vice President and Controller
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INDEX TO EXHIBITS
Exhibit Description
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99.1 Press Release dated November 1, 2002.
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