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Exhibit 25.1

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

 

 

THE BANK OF NEW YORK MELLON

(Exact name of trustee as specified in its charter)

 

 

 

New York   13-5160382

(Jurisdiction of incorporation

if not a U.S. national bank)

  (I.R.S. employer
identification no.)
225 Liberty Street, New York, N.Y.   10286
(Address of principal executive offices)   (Zip code)

 

 

LENNAR CORPORATION

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   95-4337490
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. employer
identification no.)

 

 

 


TABLE OF ADDITIONAL REGISTRANTS

 

Name of
Additional Registrant

   Jurisdiction of
Incorporation

or
Organization
     I.R.S. Employer
Identification No.
 

308 Furman, Ltd.

   Texas        01-0757175  

360 Developers, LLC

   Florida        03-0469008  

Ann Arundel Farms, Ltd.

   Texas        76-0594649  

Aquaterra Utilities, Inc.

   Florida        59-3674555  

Asbury Woods L.L.C.

   Illinois        36-4491586  

Astoria Options, LLC

   Delaware        26-3838861  

Autumn Creek Development, Ltd.

   Texas        76-0566381  

Aylon, LLC

   Delaware        74-3135055  

Bainebridge 249, LLC

   Florida        45-5434000  

Bay Colony Expansion 369, Ltd.

   Texas        01-0634897  

Bay River Colony Development, Ltd.

   Texas        None  

BB Investment Holdings, LLC

   Nevada        None  

BCI Properties, LLC

   Nevada        None  

Bellagio Lennar, LLC

   Florida        46-0560657  

Belle Meade LEN Holdings, LLC

   Florida        27-1137331  

Belle Meade Partners, LLC

   Florida        20-3287566  

BPH I, LLC

   Nevada        None  

Bramalea California, Inc.

   California        95-3426206  

Bressi Gardenlane, LLC

   Delaware        47-0876961  

Builders LP, Inc.

   Delaware        43-1981685  

Cambria L.L.C.

   Illinois        36-4343919  

Cary Woods, LLC

   Illinois        36-4511011  

Casa Marina Development, LLC

   Florida        55-0817596  

Caswell Acquisition Group, LLC

   Delaware        None  

Cherrytree II LLC

   Maryland        75-2988548  

CL Ventures, LLC

   Florida        11-3728443  

Coco Palm 82, LLC

   Florida        None  

Colonial Heritage LLC

   Virginia        20-0646289  

Concord Station, LLP

   Florida        20-0986458  

Coventry L.L.C.

   Illinois        36-4511106  

CP Red Oak Management, LLC

   Texas        None  

CP Red Oak Partners, Ltd.

   Texas        20-1064026  

CPFE, LLC

   Maryland        45-5433728  

Creekside Crossing, L.L.C.

   Illinois        43-2052256  

Danville Tassajara Partners, LLC

   Delaware        20-1461254  

Darcy-Joliet L.L.C.

   Illinois        20-1290431  

 

- 2-


DBJ Holdings, LLC

   Nevada        None  

DTC Holdings of Florida, LLC

   Florida        45-2118119  

Durrell 33, LLC

   New Jersey        46-2498666  

Estates Seven, LLC

   Delaware        52-2274380  

EV, LLC

   Maryland        None  

Evergreen Village LLC

   Delaware        59-3801488  

F&R Florida Homes, LLC

   Florida        27-2136138  

F&R QVI Home Investments USA, LLC

   Delaware        20-8024189  

Fidelity Guaranty and Acceptance Corp.

   Delaware        76-0168225  

FLORDADE LLC

   Florida        38-3832923  

Fox-Maple Associates, LLC

   New Jersey        43-1997377  

Friendswood Development Company, LLC

   Texas        74-2859478  

Garco Investments, LLC

   Florida        65-1151300  

Greystone Construction, Inc.

   Arizona        86-0864245  

Greystone Homes of Nevada, Inc.

   Delaware        88-0412604  

Greystone Nevada, LLC

   Delaware        88-0412611  

Greywall Club L.L.C.

   Illinois        20-1083688  

Hammocks Lennar LLC

   Florida        None  

Harveston, LLC

   Delaware        02-0613649  

Haverton L.L.C.

   Illinois        30-0057181  

HCC Investors, LLC

   Delaware        33-0770138  

Heathcote Commons LLC

   Virginia        20-1178932  

Heritage of Auburn Hills, L.L.C.

   Michigan        38-3395118  

Hewitts Landing Trustee, LLC

   Massachusetts        27-2909649  

Home Buyer’s Advantage Realty, Inc.

   Texas        76-0573246  

Homecraft Corporation

   Texas        76-0334090  

HTC Golf Club, LLC

   Colorado        26-0312522  

Inactive Companies, LLC

   Florida        26-2094631  

Independence L.L.C.

   Virginia        76-0651137  

Isles at Bayshore Club, LLC

   Florida        27-2304291  

Kendall Hammocks Commercial, LLC

   Florida        30-0771295  

Lakelands at Easton, L.L.C.

   Maryland        03-0501970  

LCD Asante, LLC

   Delaware        26-1131090  

Legends Club, LLC

   Florida        48-1259544  

Legends Golf Club, LLC

   Florida        59-3691814  

LEN—Belle Meade, LLC

   Florida        27-1077754  

LEN—Palm Vista, LLC

   Florida        27-1077269  

LEN Paradise Cable, LLC

   Florida        27-2559480  

LEN Paradise Operating, LLC

   Florida        27-2559369  

Len Paradise, LLC

   Florida        27-0950511  

LEN-CG South, LLC

   Florida        45-4599963  

Lencraft, LLC

   Maryland        20-1749015  

LenFive, LLC

   Delaware        47-5614749  

LenFive Sub, LLC

   Delaware        37-1796755  

LenFive Sub II, LLC    

   Delaware        81-1803170  

 

- 3-


LenFive Sub III, LLC

   Delaware        37-1824677  

LENH I, LLC

   Florida        56-2349820  

Len-Hawks Point, LLC

   Florida        45-4049841  

Lennar Aircraft I, LLC

   Delaware        20-2424732  

Lennar Arizona Construction, Inc.

   Arizona        20-5335712  

Lennar Arizona, Inc.

   Arizona        20-5335505  

Lennar Associates Management Holding Company

   Florida        31-1806357  

Lennar Associates Management, LLC

   Delaware        52-2257293  

Lennar Avenue One, LLC

   Delaware        46-1440494  

Lennar Bridges, LLC

   California        33-0843355  

Lennar Buffington Colorado Crossing, L.P.

   Texas        20-2002341  

Lennar Buffington Zachary Scott, L.P.

   Texas        20-1577414  

Lennar Carolinas, LLC

   Delaware        20-3150607  

Lennar Central Park, LLC

   Delaware        20-1087322  

Lennar Central Region Sweep, Inc.

   Nevada        65-1111068  

Lennar Central Texas, L.P.

   Texas        20-5336543  

Lennar Chicago, Inc.

   Illinois        36-3971759  

Lennar Colorado Minerals LLC

   Colorado        None  

Lennar Colorado, LLC

   Colorado        20-0451796  

Lennar Communities Development, Inc.

   Delaware        86-0262130  

Lennar Communities Nevada, LLC

   Nevada        20-3035653  

Lennar Communities of Chicago L.L.C.

   Illinois        20-2036535  

Lennar Communities, Inc.

   California        33-0855007  

Lennar Construction, Inc.

   Arizona        86-0972186  

Lennar Courts, LLC

   Florida        46-3122365  

Lennar Developers, Inc.

   Florida        48-1259540  

Lennar Family of Builders GP, Inc.

   Delaware        43-1981691  

Lennar Family of Builders Limited Partnership

   Delaware        43-1981697  

Lennar Flamingo, LLC

   Florida        46-3111056  

Lennar Fresno, Inc.

   California        33-1008718  

Lennar Gardens, LLC

   Florida        27-4501329  

Lennar Georgia, Inc.

   Georgia        20-8892316  

Lennar Greer Ranch Venture, LLC

   California        33-0888370  

Lennar Heritage Fields, LLC

   California        27-3194383  

Lennar Hingham Holdings, LLC

   Delaware        20-2866090  

Lennar Hingham JV, LLC

   Delaware        20-2866001  

Lennar Homes Holding, LLC

   Delaware        16-1641233  

Lennar Homes NJ, LLC

   Delaware        45-2921631  

Lennar Homes of Arizona, Inc.

   Arizona        65-0163412  

Lennar Homes of California, Inc.

   California        93-1223261  

 

- 4-


Lennar Homes of Tennessee, LLC

   Delaware        32-0407237  

Lennar Homes of Texas Land and Construction, Ltd.

   Texas        75-2792018  

Lennar Homes of Texas Sales andMarketing, Ltd.

   Texas        75-2792019  

Lennar Homes, LLC

   Florida        59-0711505  

Lennar Imperial Holdings Limited Partnership

   Delaware        20-2552367  

Lennar International Holding, LLC

   Delaware        46-1347038  

Lennar International, LLC

   Delaware        61-1697090  

Lennar Layton, LLC

   Delaware        26-3797850  

Lennar Lytle, LLC

   Delaware        20-2374724  

Lennar Mare Island, LLC

   California        33-0789053  

Lennar Marina A Funding, LLC

   Delaware        27-0762082  

Lennar Massachusetts Properties, Inc.

   Delaware        20-2681100  

Lennar Middletown, LLC

   New Jersey        45-5441987  

Lennar Multifamily Communities, LLC

   Delaware        45-2701002  

Lennar New Jersey Properties, Inc.

   Delaware        20-2681142  

Lennar New York, LLC

   New York        20-3160452  

Lennar Northeast Properties LLC

   New Jersey        20-4874094  

Lennar Northeast Properties, Inc.

   Nevada        20-2552288  

Lennar Northwest, Inc.

   Delaware        45-2978961  

Lennar Pacific Properties Management, Inc.

   Delaware        30-0139878  

Lennar Pacific Properties, Inc.

   Delaware        88-0412607  

Lennar Pacific, Inc.

   Delaware        88-0412608  

Lennar PI Acquisition, LLC

   New Jersey        26-1531638  

Lennar PI Property Acquisition, LLC

   New Jersey        26-1531376  

Lennar PIS Management Company, LLC

   Delaware        26-3218984  

Lennar Point, LLC

   New Jersey        46-0534484  

Lennar Port Imperial South, LLC

   Delaware        20-2552353  

Lennar Realty, Inc.

   Florida        76-0683361  

Lennar Reno, LLC

   Nevada        22-3895412  

Lennar Rialto Investment LP

   Delaware        27-1437879  

Lennar Riverside West UrbanRenewal Company, L.L.C.

   New Jersey        20-2562043  

Lennar Riverside West, LLC

   Delaware        20-2552385  

Lennar Sacramento, Inc.

   California        33-0794993  

Lennar Sales Corp.

   California        95-4716082  

Lennar Southland I, Inc.

   California        33-0801714  

Lennar Southwest Holding Corp.

   Nevada        91-1933536  

Lennar Spencer’s Crossing, LLC

   Delaware        20-2906597  

Lennar Texas Holding Company

   Texas        75-2788257  

Lennar Trading Company, LP

   Texas        72-1574089  

Lennar Ventures, LLC

   Florida        26-3103505  

 

- 5-


Lennar West Valley, LLC

   California        20-1342854  

Lennar.com Inc.

   Florida        65-0980149  

Lennar/LNR Camino Palomar, LLC

   California        90-0159727  

Lennar-Lantana Boatyard, Inc.

   Florida        56-2321100  

LEN-Ryan 1, LLC

   Florida        None  

Len-Verandahs, LLP

   Florida        20-3021304  

LH Eastwind, LLC

   Florida        20-0097714  

LH-EH Layton Lakes Estates, LLC

   Arizona        04-3741040  

LHI Renaissance, LLC

   Florida        02-0680656  

LMC Construction, LLC

   Delaware        36-4747722  

LMC Malden Station Investor, LLC

   Delaware        30-0754847  

LMI Contractors, LLC

   Delaware        80-0838150  

LMI Glencoe Dallas Investor, LLC

   Delaware        61-1706871  

LMI Lakes West Covina Investor, LLC

   Delaware        32-0414007  

LMI Las Colinas Station, LLC

   Delaware        32-0395213  

LMI Naperville Investor, LLC

   Delaware        37-1709704  

LMI Park Central Investor, LLC

   Delaware        35-2471697  

LMI-JC Developer, LLC

   Delaware        38-3875832  

LMI-JC, LLC

   Delaware        90-0843143  

LMI-West Seattle, LLC

   Delaware        37-1699874  

LNC at Meadowbrook, LLC

   Illinois        36-0026164  

LNC at Ravenna, LLC

   Illinois        41-2088272  

LNC Communities I, Inc.

   Colorado        84-1317557  

LNC Communities II, LLC

   Colorado        84-1317558  

LNC Communities III, Inc.

   Colorado        84-1361682  

LNC Communities IV, LLC

   Colorado        84-1512061  

LNC Communities V, LLC

   Colorado        84-1513989  

LNC Communities VI, LLC

   Colorado        84-1556776  

LNC Communities VII, LLC

   Colorado        84-1534329  

LNC Communities VIII, LLC

   Colorado        84-1553326  

LNC Pennsylvania Realty, Inc.

   Pennsylvania        23-2991585  

Long Beach Development, LLC

   Texas        26-2321011  

Lori Gardens Associates II, LLC

   New Jersey        20-1944492  

Lori Gardens Associates III, LLC

   New Jersey        20-1944674  

Lori Gardens Associates, L.L.C.

   New Jersey        76-0664697  

Lorton Station, LLC

   Virginia        76-0694499  

LW D’Andrea, LLC

   Delaware        20-4489534  

Madrona Ridge L.L.C.

   Illinois        20-0278584  

Madrona Village L.L.C.

   Illinois        36-4343916  

Madrona Village Mews L.L.C.

   Illinois        36-0026266  

Majestic Woods, LLC

   New Jersey        74-3001871  

Mid-County Utilities, Inc.

   Maryland        76-0610395  

Mission Viejo 12S Venture, LP    

   California        33-0615197  

 

- 6-


Mission Viejo Holdings, Inc.

   California        33-0785862  

NC Properties I, LLC

   Delaware        27-3443043  

NC Properties II, LLC

   Delaware        27-3443142  

North American Asset Development, LLC

   California        68-0239180  

North American Title Company, Inc.

   California        94-2900247  

Northbridge L.L.C.

   Illinois        36-4511102  

Northeastern Properties LP, Inc.

   Nevada        20-2552328  

OHC/Ascot Belle Meade, LLC

   Florida        20-3276553  

One SR, L.P.

   Texas        75-3030507  

Palm Gardens At Doral Clubhouse, LLC

   Florida        26-0801736  

Palm Gardens at Doral, LLC

   Florida        20-3959088  

Palm Vista Preserve, LLC

   Florida        83-0426521  

PD-Len Boca Raton, LLC

   Delaware        20-8734358  

PG Properties Holding, LLC

   North Carolina        26-4059800  

Pioneer Meadows Development, LLC

   Nevada        20-0939113  

Pioneer Meadows Investments, LLC

   Nevada        20-0939094  

POMAC, LLC

   Maryland        11-3708149  

Prestonfield L.L.C.

   Illinois        36-4511103  

Providence Lakes, LLP

   Florida        20-1744772  

PT Metro, LLC

   Delaware        45-4508755  

Raintree Village II L.L.C.

   Illinois        20-2118282  

Raintree Village L.L.C.

   Illinois        20-0090390  

Renaissance Joint Venture

   Florida        20-0035665  

Reserve @ Pleasant Grove II LLC

   New Jersey        90-0527127  

Reserve @ Pleasant Grove LLC

   New Jersey        90-0527123  

Reserve at River Park, LLC

   New Jersey        72-1537694  

Reserve at South Harrison, LLC

   New Jersey        76-0682273  

Rivendell Joint Venture

   Florida        65-0843443  

Rivenhome Corporation

   Florida        76-0569346  

RMV, LLC

   Maryland        None  

Rutenberg Homes of Texas, Inc.

   Texas        76-0215995  

Rutenberg Homes, Inc.

   Florida        76-0340291  

Rye Hill Company, LLC

   New York        20-0809495  

S. Florida Construction II, LLC

   Florida        72-1567303  

S. Florida Construction III, LLC

   Florida        72-1567302  

S. Florida Construction, LLC

   Florida        71-0949799  

San Lucia, LLC

   Florida        20-4372714  

Savannah Development, Ltd.

   Texas        76-0654193  

Savell Gulley Development, LLC

   Texas        26-2592101  

Scarsdale, LTD.

   Texas        27-0080619  

Schulz Ranch Developers, LLC

   Delaware        20-4092311  

Seminole/70th, LLC    

   Florida        56-2529886  

 

- 7-


Siena at Old Orchard L.L.C.

   Illinois        20-1476765  

South Development, LLC

   Florida        20-2581567  

Southbank Holding, LLC

   Florida        45-2420546  

Spanish Springs Development, LLC

   Nevada        76-0672277  

Spectrum Eastport, LLC

   Delaware        11-3698308  

St. Charles Active Adult Community, LLC

   Maryland        20-1659598  

Stoney Corporation

   Florida        59-3374931  

Stoney Holdings, LLC

   Florida        27-5428554  

Stoneybrook Clubhouse, Inc.

   Florida        76-0555539  

Stoneybrook Joint Venture

   Florida        59-3386329  

Strategic Holdings, Inc.

   Nevada        91-1770357  

Strategic Technologies, LLC

   Florida        65-0523605  

Summerfield Venture L.L.C.

   Illinois        20-0753624  

Summerwood, LLC

   Maryland        27-0045425  

SunStreet Energy Group, LLC

   Delaware        90-0889251  

TCO QVI, LLC

   Delaware        45-3568663  

Temecula Valley, LLC

   Delaware        43-1971997  

Terra Division, LLC

   Minnesota        None  

The Baywinds Land Trust

   Florida        11-6591848  

The Bridges at Rancho Santa Fe Sales Company, Inc.

   California        33-0886703  

The Bridges Club at Rancho Santa Fe, Inc.

   California        33-0867612  

The LNC Northeast Group, Inc.

   Delaware        54-1774997  

The Preserve at Coconut Creek, LLC

   Florida        20-3287825  

Treasure Island Holdings, LLC

   Delaware        38-3984534  

Treviso Holding, LLC

   Florida        45-1961704  

U.S. Home Corporation

   Delaware        52-2227619  

U.S. Home of Arizona Construction Co.

   Arizona        74-2402824  

U.S. Home Realty, Inc.

   Texas        76-0136964  

U.S.H. Los Prados, Inc.

   Nevada        88-0232393  

U.S.H. Realty, Inc.

   Maryland        74-2765031  

USH—Flag, LLC

   Florida        26-3984776  

USH Equity Corporation

   Nevada        76-0450341  

USH LEE, LLC

   Florida        27-5368263  

USH Woodbridge, Inc.

   Texas        76-0561576  

UST Lennar Collateral Sub, LLC

   Delaware        35-2560088  

UST Lennar GP PIS 10, LLC

   Delaware        26-3219799  

UST Lennar GP PIS 7, LLC

   Delaware        26-3219172  

UST Lennar HW Scala SF Joint Venture

   Delaware        26-3262077  

Valencia at Doral, LLC

   Florida        20-3959040  

Vineyard Point 2009, LLC

   California        26-4562548  

Watermark Realty, Inc.

   Delaware        65-0619884  

Watermark Realty Referral, Inc.

   Florida        59-3227694  

 

- 8-


WCI Communities, Inc.

   Delaware        27-0472098  

WCI Communities, LLC

   Delaware        27-0601855  

WCI Communities Management, LLC

   Delaware        27-0601636  

WCI Communities Rivington, LLC

   Delaware        27-3699386  

WCI Realty, Inc.

   Florida        59-3408628  

WCI Towers Northeast USA, Inc.

   Delaware        20-1656944  

WCP, LLC

   South Carolina        51-0461143  

West Chocolate Bayou Development, LLC

   Texas        26-2320867  

West Lake Village, LLC

   New Jersey        23-2861558  

West Seattle Project X, LLC

   Delaware        35-2460935  

West Van Buren L.L.C.

   Illinois        36-4347398  

Westchase, Inc.

   Nevada        91-1954138  

Willowbrook Investors, LLC

   New Jersey        76-0687252  

Woodbridge Multifamily Developer I, LLC

   Delaware        45-2921413  

Wright Farm, L.L.C.

   Virginia        76-0629136  

 

700 Northwest 107th Avenue

Miami, Florida

(Address of principal executive offices)

  

33172                                         

(Zip code)

 

 

Debt Securities

and Guarantees of Debt Securities

(Title of the indenture securities)

 

- 9-


1. General information. Furnish the following information as to the Trustee:

 

  (a) Name and address of each examining or supervising authority to which it is subject.

 

Name

  

Address

Superintendent of the Department of Financial Services of the State of New York   

One State Street, New York, N.Y.

10004-1417, and Albany, N.Y.

12223

Federal Reserve Bank of New York   

33 Liberty Street, New York, N.Y.

10045

Federal Deposit Insurance Corporation    550 17th Street, NW
Washington, D.C. 20429
The Clearing House Association L.L.C.    100 Broad Street
New York, N.Y. 10004

 

  (b) Whether it is authorized to exercise corporate trust powers.

Yes.

 

2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

 

16. List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

  1. A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735).

 

- 10-


  4. A copy of the existing By-laws of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-207042).

 

  6. The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-188382).

 

  7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

- 11-


SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Woodland Park, and State of New Jersey, on the 29th day of June, 2017.

 

THE BANK OF NEW YORK MELLON
By:  

/s/ Laurence J. O’Brien

  Name:   Laurence J. O’Brien
  Title:   Vice President

 

- 12-


EXHIBIT 7

 

 

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON

of 225 Liberty Street, New York, N.Y. 10286

And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business March 31, 2017, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

     Dollar amounts in thousands  

ASSETS

  

Cash and balances due from depository institutions:

     

Noninterest-bearing balances and currency and coin

        4,709,000  

Interest-bearing balances

        76,610,000  

Securities:

     

Held-to-maturity securities

        39,282,000  

Available-for-sale securities

        69,398,000  

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        0  

Securities purchased under agreements to resell

        12,837,000  

Loans and lease financing receivables:

     

Loans and leases held for sale

        0  

Loans and leases held for investment

        31,190,000  

LESS: Allowance for loan and lease losses

        137,000  

Loans and leases held for investment, net of allowance

        31,053,000  

Trading assets

        2,430,000  

Premises and fixed assets (including capitalized leases)

        1,054,000  

Other real estate owned

        4,000  

Investments in unconsolidated subsidiaries and associated companies

        535,000  

Direct and indirect investments in real estate ventures

        0  

Intangible assets:

     

Goodwill

        6,259,000  

Other intangible assets

        900,000  

Other assets

        15,235,000  
     

 

 

 

Total assets

        260,306,000  
     

 

 

 


LIABILITIES

  

Deposits:

  

In domestic offices

     111,491,000  

Noninterest-bearing

     71,892,000  

Interest-bearing

     39,599,000  

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     101,847,000  

Noninterest-bearing

     7,456,000  

Interest-bearing

     94,391,000  

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased in domestic offices

     373,000  

Securities sold under agreements to repurchase

     2,754,000  

Trading liabilities

     1,828,000  

Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)

     10,174,000  

Not applicable

  

Not applicable

  

Subordinated notes and debentures

     515,000  

Other liabilities

     6,120,000  
  

 

 

 

Total liabilities

     235,102,000  
  

 

 

 

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0  

Common stock

     1,135,000  

Surplus (exclude all surplus related to preferred stock)

     10,600,000  

Retained earnings

     14,997,000  

Accumulated other comprehensive income

     -1,878,000  

Other equity capital components

     0  

Total bank equity capital

     24,854,000  

Noncontrolling (minority) interests in consolidated subsidiaries

     350,000  

Total equity capital

     25,204,000  
  

 

 

 

Total liabilities and equity capital

     260,306,000  
  

 

 

 


I, Thomas P. Gibbons, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

 

Thomas P. Gibbons,
Chief Financial Officer

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.

 

Gerald L. Hassell

Samuel C. Scott

Joseph J. Echevarria        

       Directors