Has Agreed to Merge With
(1) Transaction multiples calculated based on the aggregate deal value, Pedestal’s preliminary, unaudited financial results as of or for the twelve months ended December 31, 2019 and BFST’s trailing-20-day VWAP of $24.88 as of January 21, 2020.
(2) Reflects preliminary, unaudited financial results as of or for the twelve months ended December 31, 2019, unless otherwise noted. Pedestal’s NIM and Q3 2019 Deposits Costs are at the bank-level.
(3) Tax-effected at 19.5%.
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Cadre Holdings, Inc. Prices Its Follow-on Offering. Stephens served as a Bookrunner on the offering.
American Bank, N.A. has agreed to acquire TexStar National Bank. Stephens served as exclusive financial advisor to American Bank, N.A.