Third Amendment to Harlingen National Bank 401(k) Plan Trustee Appointment Agreement

Summary

This agreement, effective September 3, 2000, documents the removal of Tim Gilles and Doak Dunkin as Trustees of the Harlingen National Bank 401(k) Plan and Trust, following the merger of Harlingen National Bank into Texas State Bank, a subsidiary of Texas Regional Bancshares, Inc. Texas Regional Bancshares, Inc. appoints G.E. Roney, Paul Moxley, and R.T. Pigott, Jr. as the new Trustees, who accept all associated responsibilities and duties. The agreement formalizes the change in plan administration and trustee appointments.

EX-10.23 2 0002.txt EXHIBIT 10.23 THIRD AMENDMENT TO THE HARLINGEN NATIONAL BANK 401(K) PLAN WHEREAS, as a result of the merger pursuant to which Harlingen National Bank merged with and into Texas Regional Bancshares, Inc.'s (the "Corporation") wholly-owned subsidiary, Texas State Bank, Texas Regional Bancshares, Inc. has become the successor sponsor of the Harlingen National Bank 401(k) Plan and related Trust (the "Plan"); and WHEREAS, Tim Gilles and Doak Dunkin are the current Trustees of the trust created pursuant to the Harlingen National Bank 401(k) Plan; and WHEREAS, Texas Regional Bancshares, Inc. desires to remove the current Trustees and to appoint successor Trustees of the Plan; NOW THEREFORE, IT IS HEREBY AGREED THAT effective as of September 3, 2000, Tim Gilles and Doak Dunkin shall be removed as Trustees of the Harlingen National Bank 401(k) Plan and Trust and from and after said date shall have no further rights, powers, obligations, responsibilities or duties of a Trustee of the Harlingen National Bank 401(k) Plan and Trust; IT IS FURTHER AGREED that, effective immediately, G.E. Roney, Paul Moxley and R.T. Pigott, Jr. shall be, and hereby are, appointed as successor Trustees of the Harlingen National Bank 401(k) Plan and Trust and shall have all rights, powers, obligations, responsibilities and duties provided under the Harlingen National Bank 401(k) Plan and Trust and by law. By their signatures below, G.E. Roney, Paul Moxley, and R.T. Pigott, Jr. accept their positions as Trustees of the Harlingen National Bank 401(k) Plan and Trust and further accept all of the rights, powers, obligations, responsibilities and duties imposed upon the Trustee under the Harlingen National Bank 401(k) Plan and Trust and by law. EXECUTED on this the 3rd day of August, 2000, to be effective as provided hereinabove. TEXAS REGIONAL BANCSHARES, INC. BY: /s/ G.E. RONEY ---------------------------- G.E. Roney Chairman of the Board ACCEPTANCE OF TRUSTEES The undersigned, G.E. Roney, Paul Moxley and R.T. Pigott, Jr., by their signatures below, hereby accept their appointment as Trustees under the Harlingen National Bank 401(k) Plan and Trust and further accept all of the rights, powers, obligations, responsibilities and duties imposed upon the Trustee under the Harlingen National Bank 401(k) Plan and Trust and by law. /s/ G.E. RONEY ------------------------- G.E. Roney /s/ PAUL MOXLEY ------------------------- Paul Moxley /s/ R.T. PIGOTT, JR. ------------------------- R.T. Pigott, Jr.