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Filed
pursuant to Rule 424(b)(3)
SEC
File No. 333-152622
Prospectus
Supplement No. 1
to
Prospectus dated October 6, 2008
1,069,052
SHARES OF COMMON STOCK
_____________
This
prospectus supplement (this “Prospectus Supplement”) supplements the prospectus
(the “Prospectus”), dated October 6, 2008, relating to an aggregate of 1,069,052
shares of common stock, $0.01 par value per share, of T Bancshares, Inc. (the
“Company”) that may be issued upon the exercise of subscription rights issued by
the Company (the “Rights Offering”). The Prospectus also relates to a limited
public offering of shares of common stock offered but not subscribed for in
the
rights offering (the “Limited Public Offering”). This Prospectus Supplement
should be read together with the Prospectus.
EXTENSION
OF EXPIRATION DATE
We
are
extending the expiration date for the exercise of subscription rights issued
in
the Rights Offering to 5:00 p.m., New York City time, on December 31, 2008.
In
addition, the offering period for the Limited Public Offering will now expire
at
5:00 p.m., New York City time on December 31, 2008. Other than the extension
of
the expiration date, all other offering terms described in the Company’s
Prospectus remain the same and apply during the extended period of the offering.
During
the extended offering period for the Rights Offering, orders to purchase the
Company’s common stock may be placed by any person who received subscription
rights from the Company or by transfer during the original offering period,
whether or not such person has exercised his or her subscription rights. In
addition, during the extended offering period, we may continue to offer shares
of our common stock offered but not subscribed for in the Rights Offering to
persons selected by us, in our sole discretion, through the Limited Public
Offering.
Executed
subscription materials, plus full payment, must be received (not postmarked)
by
5:00 p.m., New York City time, on December 31, 2008. If you wish to participate
in the Rights Offering or the Limited Public Offering, please follow the
procedures described in the Prospectus. The opportunity to purchase shares
of
our common stock in the Rights Offering and the Limited Public Offering is
subject to our right, in our sole discretion, to accept or reject any such
orders in whole or in part.
For
further information regarding the Rights Offering or the Limited Public
Offering, or to obtain a prospectus, please contact Patrick Adams, our Chief
Executive Officer, at (972) 720-9000.
_______________
This
Prospectus Supplement is incorporated by reference into the Prospectus. This
Prospectus Supplement is not complete without, and may not be used except in
connection with the Prospectus, including any amendments or supplements to
the
Prospectus. All provisions not specifically amended or superseded by this
Prospectus Supplement remain in full force and effect.
______________
An
investment in the Company’s common stock involves risk. See the discussion
entitled “Risk Factors” beginning on page 10 of the Prospectus for a discussion
of information that should be considered in connection with an investment in
the
Company’s common stock.
_______________
The
Company’s common stock is not a deposit account and is not insured by the
Federal Deposit Insurance Corporation or any other government agency. The
Company’s common stock is subject to investment risk, including possible loss of
principal.
_______________
The
common stock referenced in this Prospectus Supplement has not been approved
or
disapproved, and the completeness and accuracy of the disclosures in this
Prospectus Supplement have not been passed upon by, the Securities and Exchange
Commission, any state securities commission, the Board of Governors of the
Federal Reserve System, the Office of the Comptroller of the Currency, the
Federal Deposit Insurance Corporation or any other regulatory body. Any
representation to the contrary is a criminal offense.
The
date
of this Prospectus Supplement is December 8, 2008