Donaldson, Lufkin & Jenrette Securities, the underwriter...

Donaldson, Lufkin & Jenrette Securities, the underwriter handling a private placement of new securities in First City Bancorp of Texas, bought about 5.84 million common shares and 249,577 convertible preferred shares that were not sold to other investors. In a filing with the Securities and Exchange Commission, Donaldson Lufkin said it paid a total of about $119.7 million for the unplaced shares and that it now owns 7.3 million common shares, or 48.9%, in the newly organized Houston bank holding company.