Financial Advisor
Veritex Holdings, Inc.
M&A Advisory
Has Sold Two Branches To
Horizon Bank, SSB
Transaction Details
- On October, 23, 2017, Veritex Holdings, Inc. (“Company”)(NASDAQ: VBTX) announced that Veritex Community Bank (“Veritex”) agreed to the sale of certain assets from two branches to Horizon Bank, SSB (“Horizon”)
- Terms of the transaction were not announced
- Expected closing: 1Q’18
- Branch locations associated with the transaction: Austin, TX & Cedar Park, TX
- Stephens Inc. served as the exclusive financial advisor to Veritex
About the company
Headquartered in Dallas, Texas, Veritex Holdings, Inc. is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with seventeen branch locations throughout the Dallas/Fort Worth metropolitan area, two branches in the Austin metropolitan area, two branches in the Houston metropolitan area and one mortgage office. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. For more information, visit www.veritexbank.com.
Sources: Company press releases and SNL Financial.
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