EX-25.6 11 d574147dex256.htm EX-25.6 EX-25.6

Exhibit 25.6

 

 

 

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.)


Name of Co-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    20-3461912
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
Black Mountain Ranch, LLC    California    05-0574025
BPH I, LLC    Nevada    36-4805238
Bramalea California, Inc.    California    95-3426206
Bressi Gardenlane, LLC    Delaware    47-0876961
Builders LP, Inc.    Delaware    43-1981685
CalAtlantic Group, Inc.    Delaware    82-3291238
CalAtlantic Homes of Arizona, Inc.    Delaware    86-0927144
CalAtlantic Homes of Georgia, Inc.    Delaware    82-3201584
CalAtlantic Homes of Indiana, Inc.    Delaware    59-2367217
CalAtlantic Homes of Texas, Inc.    Delaware    20-4356880
CalAtlantic Homes of Washington, Inc.    Delaware    82-1659080
CalAtlantic Title, Inc.    Maryland    52-1640103
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    35-2473155
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
DBJ Holdings, LLC    Nevada    None
DTC Holdings of Florida, LLC    Florida    45-2118119

 

- 2 -


Durrell 33, LLC    New Jersey    46-2498666
Estates Seven, LLC    Delaware    52-2274380
EV, LLC    Maryland    None
Evergreen Village LLC    Delaware    59-3801488
Faria Preserve, LLC    Delaware    30-0884474
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    47-2295202
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
Lagoon Valley Residential, LLC    California    20-2636836
Lakelands at Easton, L.L.C.    Maryland    03-0501970
LB/L-Duc III Antioch 330 LLC    Delaware    None
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 Opco GP, LLC    Delaware    82-2601900

 

- 3 -


LenFive Sub, LLC    Delaware    37-1796755
LenFive Sub Opco GP, LLC    Delaware    82-2600774
LenFive Sub II, LLC    Delaware    81-1803170
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
Lennar Homes of Tennessee, LLC    Delaware    32-0407237

 

- 4 -


Lennar Homes of Texas Land and Construction, Ltd.    Texas    75-2792018
Lennar Homes of Texas Sales and Marketing, 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 Urban Renewal 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 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
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

 

- 5 -


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
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

 

- 6 -


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
Ryland Homes of California, Inc.    Delaware    95-2635472
Ryland Homes Nevada, LLC    Delaware    81-0600913
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
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
SPIC Del Sur, LLC    Delaware    61-1694444
SPIC Dublin, LLC    Delaware    61-1763029

 

- 7 -


Standard Pacific 1, Inc.    Delaware    20-4356066
Standard Pacific Investment Corp.    Delaware    26-2204627
Standard Pacific of Colorado, Inc.    Delaware    94-3361834
Standard Pacific of Florida    Florida    26-4786185
Standard Pacific of Florida GP, Inc.    Delaware    20-4356126
Standard Pacific of Las Vegas, Inc.    Delaware    20-2834287
Standard Pacific of Orange County, Inc.    Delaware    None
Standard Pacific of Tampa    Florida    81-0579276
Standard Pacific of South Florida GP, Inc.,    Delaware    27-0019247
Standard Pacific of the Carolinas, LLC    Delaware    59-3483072
St. Charles Active Adult Community, LLC    Maryland    20-1659598
St. Charles Community, LLC    Delaware    82-2955101
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    Minnesota    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
The Ryland Corporation    California    95-4868582
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

 

- 8 -


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
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   33172
(Address of principal executive offices)   (Zip code)

 

 

5.875% Senior Notes due 2024

and Guarantees of 5.875% Senior Notes due 2024

(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 New York, and State of New York, on the 24th day of April, 2018.

 

THE BANK OF NEW YORK MELLON
By:  

/s/ Francine Kincaid

Name:   Francine Kincaid
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 December 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

     4,671,000  

Interest-bearing balances

     103,042,000  
Securities:   

Held-to-maturity securities

     40,315,000  

Available-for-sale securities

     75,943,000  
Federal funds sold and securities purchased under agreements to resell:   

Federal funds sold in domestic offices

     0  

Securities purchased under agreements to resell

     14,998,000  
Loans and lease financing receivables:   

Loans and leases held for sale

     0  

Loans and leases held for investment

     29,491,000  

LESS: Allowance for loan and lease losses

     133,000  

Loans and leases held for investment, net of allowance

     29,358,000  
Trading assets      3,358,000  
Premises and fixed assets (including capitalized leases)      1,388,000  
Other real estate owned      4,000  
Investments in unconsolidated subsidiaries and associated companies      585,000  
Direct and indirect investments in real estate ventures      0  
Intangible assets:   

Goodwill

     6,390,000  

Other intangible assets

     834,000  

Other assets

     16,419,000  
  

 

 

 

Total assets

     297,305,000  
  

 

 

 


LIABILITIES

  

Deposits:

  

In domestic offices

     127,898,000  

Noninterest-bearing

     77,656,000  

Interest-bearing

     50,242,000  

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     121,992,000  

Noninterest-bearing

     5,485,000  

Interest-bearing

     116,507,000  

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased in domestic offices

     4,917,000  

Securities sold under agreements to repurchase

     1,401,000  

Trading liabilities

     2,775,000  

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

     4,542,000  

Not applicable

  

Not applicable

  

Subordinated notes and debentures

     515,000  

Other liabilities

     6,284,000  
  

 

 

 

Total liabilities

     270,324,000  
  

 

 

 

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0  

Common stock

     1,135,000  

Surplus (exclude all surplus related to preferred stock)

     10,764,000  

Retained earnings

     15,872,000  

Accumulated other comprehensive income

     -1,140,000  

Other equity capital components

     0  

Total bank equity capital

     26,631,000  

Noncontrolling (minority) interests in consolidated subsidiaries

     350,000  

Total equity capital

     26,981,000  
  

 

 

 

Total liabilities and equity capital

     297,305,000  
  

 

 

 


I, Michael Santomassimo, 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.

Michael Santomassimo

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.

 

Charles W. Scharf

Samuel C. Scott

Joseph J. Echevarria

 

      

Directors