H.R. No. 327
R E S O L U T I O N
1-1 WHEREAS, Olegario Vasquez Rana, as the majority shareholder
1-2 of Mercantile Bank, N.A., recently purchased First City Bank in
1-3 Corpus Christi, and this well-respected financial institution will
1-4 surely benefit from the financial expertise and experience that
1-5 Mr. Vasquez has brought to all of his ventures; and
1-6 WHEREAS, A successful businessman for nearly four decades,
1-7 Mr. Vasquez began his career in his father's furniture and
1-8 appliance business in Mexico City; during the 1950s, he and his
1-9 brothers expanded the family's involvement in the retail business
1-10 and later founded Cia. Hermanos Vasquez, the largest furniture
1-11 store in Mexico City; and
1-12 WHEREAS, Mr. Vasquez quickly demonstrated his keen business
1-13 sense and considerable financial acumen; in 1967, he purchased one
1-14 bus in the cooperative Omnibus de Mexico, and within a few years he
1-15 became the majority owner of the company; and
1-16 WHEREAS, This astute entrepreneur has founded several
1-17 corporations of his own, including the air charter business
1-18 Aerotaxi Mexicano, the real estate and development company
1-19 Inmuebles Florida, S.A., and the land clearing company Desmontes
1-20 Zavala; in addition, Mr. Vasquez established the largest water
1-21 purification and distribution business in Mexico, and in 1990 he
1-22 purchased the former MBank Brownsville from MCorp, thus
1-23 establishing Mercantile Bank, N.A., the largest independent bank in
1-24 the Rio Grande Valley; and
2-1 WHEREAS, Many of Mr. Vasquez's enterprises have greatly
2-2 benefited the people of Mexico; in 1986, Humana Corporation sold
2-3 Hospital Angeles del Pedregal, S.A., in Mexico City to Mr. Vasquez,
2-4 who made $28 million in improvements to the facilities and
2-5 transformed the hospital into the finest medical complex in the
2-6 country; and
2-7 WHEREAS, In addition to his notable reputation in the field
2-8 of business, this outstanding individual also is well known for his
2-9 national and world records in rifle shooting; a four-time member of
2-10 Mexico's Olympic shooting team, Mr. Vasquez has served as president
2-11 of the International Shooting Union since 1980 and has received
2-12 international recognition and acclaim for his efforts in behalf of
2-13 the sport; and
2-14 WHEREAS, Mr. Vasquez has a long and distinguished record of
2-15 success with his many business interests and civic improvements,
2-16 and the business and community leaders of Corpus Christi look
2-17 forward to working with him to ensure the success of his latest
2-18 endeavor with First City Bank; now, therefore, be it
2-19 RESOLVED, That the House of Representatives of the 73rd Texas
2-20 Legislature hereby congratulate Olegario Vasquez Rana on his
2-21 acquisition of First City Bank and extend to him a warm welcome to
2-22 the beautiful city of Corpus Christi with best wishes for many
2-23 years of continued success; and, be it further
2-24 RESOLVED, That an official copy of this resolution be
2-25 forwarded to Mr. Vasquez as an expression of high regard by the
2-26 Texas House of Representatives.
2-27 Cuellar of Webb
3-1 Rangel
3-2 Solis
3-3 Oliveira
3-4 Munoz
3-5 Oliveira
3-6 Munoz