EXHIBIT 99

PRESS RELEASE                                       FOR FURTHER  DAVID M. GADDIS
IMMEDIATE RELEASE                                   INFORMATION: PRESIDENT & CEO
JUNE 5, 2000                                                     FVNB CORP.
                                                                 361-572-6500

             FVNB CORP. ELECTS TO BECOME A FINANCIAL HOLDING COMPANY

        VICTORIA, TEXAS--FVNB Corp. (Nasdaq: FVNB) announced today that the
        Company has elected to become a financial holding company.

        On November 12, 1999, the Gramm-Leach-Bliley Act (GLBA) was signed into
        law. This comprehensive financial modernization legislation eliminates
        restrictions to affiliations among banks, insurance companies,
        securities firms, and other financial service providers.

        GLBA authorizes a new type of financial holding company through which
        affiliations among such entities is permitted. A financial holding
        company may now engage in a broad range of financial activities and any
        non-financial activities that the Federal Reserve Board determines is
        complementary to a financial activity. A bank holding company may become
        a financial holding company by filing with the Federal Reserve Board and
        certifying that each of its subsidiary banks is well capitalized, is
        well managed and has at least a satisfactory rating under the Community
        Reinvestment Act. FVNB Corp. elected to become a financial holding
        company and the election was made effective as of May 31, 2000.

        "The Gramm-Leach-Bliley Act has helped level the playing field in the
        financial services industry," commented David M. Gaddis FVNB Corp.
        President & C.E.O. "Our election to become a financial holding company
        will position FVNB Corp. to take advantage of the opportunities afforded
        by the legislation and to compete more effectively in the future."

        FVNB Corp. is a financial holding company whose principal operating
        subsidiaries are First Victoria National Bank, with locations in
        Victoria, Port Lavaca, Taft, Edna, and Ganado, Texas, and Citizens Bank
        of Texas N.A., with locations in New Waverly, Huntsville, and The
        Woodlands, Texas. As of March 31, 2000, total consolidated assets of the
        Company were approximately $645 million and consolidated equity capital
        was approximately $61 million.

        ["Safe Harbor" Statement under the Private Securities Litigation Reform
        Act of 1995: The statements contained in this release which are not
        historical facts contain forward looking information with respect to
        plans projections or future performance of the Company, the occurrence
        of which involve certain risks and uncertainties detailed in the
        Company's filings with the Securities Exchange Commission.] Subsidiary
        Banks, Member FDIC.