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Financial Advisor And Fairness Opinion

Fidelity Bank

Value Not Disclosed 11/14/2018 Depository Complete
Lead Banker: Adam Glasier
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Transaction Details

  • On November 14, 2018, FirstCapital Bank of Texas, N.A. (“FirstCapital”) and Fidelity Bank (“Fidelity”) announced the signing of a definitive agreement in which Fidelity will merge with and into FirstCapital
  • The combined bank will have approximately $1.6 billion in total assets, $1.3 billion in total loans, and $1.4 billion in total deposits with sixteen locations across Texas
  • Merger consideration includes both stock and cash, with current shareholders of FB Bancshares, Inc., the holding company of Fidelity, maintaining significant ownership of the combined company
  • Two members of Fidelity’s board will join the Board of Directors of First Bancshares of Texas, Inc., the holding company of FirstCapital, and one will join the Board of Directors of FirstCapital
  • The transaction is currently expected to close during Q1 2019
  • Stephens Inc. served as exclusive financial advisor and rendered a fairness opinion to FB Bancshares, Inc.
Sources: Company Filings, S&P Global Market Intelligence and publicly available information.
  1. Note: Financial data as of September 30, 2018.

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