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RBI shares by any one shareholder. RBI had 62 shareholders at
decedent’s death. No one person had a controlling interest in
RBI; the largest percentage interest in RBI stock held by any one
shareholder was 14.38 percent. RBI shares have never been listed
on any securities exchange.
As of September 30, 1997, RBI had total assets of
$172,613,000. From 1993 to 1997, RBI’s total assets and earning
assets (interest and dividend-producing assets) increased. From
1993 to 1997, shareholder equity in RBI increased, and as of
September 30, 1997, totaled $17,369,000. Compared to other
banking companies in its peer group,3 RBI has an above-average
capital structure and smaller loan losses.
Between 1993 and 1997, RBI declared the following cash
dividends per share:
Year Cash Dividend Per Share
1993 $1.69
1994 2.01
1995 1.68
1996 2.19
1997 4.06
RBI wholly owned a subsidiary, Royal Banks of Missouri
(Royal Banks), a Missouri banking corporation. On the date of
decedent’s death, Royal Banks operated five branches in the St.
3 Royal Bancshares, Inc. (RBI), is a member of “Peer Group
#7” as defined by the Federal Financial Institutions Examination
Counsel, along with 972 other commercial banks having total
assets of $100 to $300 million and with three or more branch
offices in a metropolitan area.
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Last modified: May 25, 2011