Happy Bancshares, Inc. | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

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Joint Placement Agent

Happy Bancshares, Inc.

$65 Million 07/31/2015 Depository Complete
Lead Bankers: Kade Machen, A. Davidson Hall
Private Companies
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Transaction Details

  • 10 year, $65 million subordinated notes issuance
  • Kroll Bond Rating Agency investment grade rating of BBB-
  • Notes redeemable beginning August 1, 2020 and due August 1, 2025
  • Fixed rate of 5.875% for the first five years, and 3-month LIBOR plus 412 basis points thereafter
  • The subordinated debt is intended to qualify under federal regulatory rules as Tier 2 capital for Happy Bancshares
  • The transaction proceeds will be used to redeem $31.9 million of outstanding SBLF, support future growth and general corporate purposes

About the company

Happy Bancshares, Inc., the Texas bank holding company for Happy State Bank, had $2.66 billion in assets as of June 30, 2015. Happy State Bank was founded in Happy, Texas and is headquartered in Amarillo, Texas. Happy State Bank currently operates through a network of 34 branches located in 24 communities in the Texas Panhandle, South Plains and DFW Metroplex.

Source: Company Press Release and publicly available information
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.