Spirit of Texas Bank - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

Spirit of Texas Bank M&A Summary

Spirit of Texas Bank has acquired 3 companies of its own, including 1 in the last 5 years.

Spirit of Texas Bank’s largest acquisition to date was in 2019, when it acquired Chandler Bancorp for $66M. Spirit of Texas Bank has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

Spirit of Texas Bank Ownership

Who owns Spirit of Texas Bank?

Spirit of Texas Bank is owned by Simmons First National. It was acquired on April 11, 2023.

Spirit of Texas Bank Business Overview

Where is Spirit of Texas Bank headquartered?

Spirit of Texas Bank is headquartered in Conroe, Texas.

What is Spirit of Texas Bank’s revenue?

Spirit of Texas Bank disclosed revenue of 128M USD for 2021 and 125M USD for 2020.

What sector is Spirit of Texas Bank in?

Spirit of Texas Bank is a financial services company.

When was Spirit of Texas Bank founded?

Spirit of Texas Bank was founded in 2008.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 1

Spirit of Texas Bank

Spirit of Texas Bancshares, Inc.

1836 Spirit of Texas Way,
Conroe, Texas 77301
United States,
(936) 521-1836
www.sotb.com

Spirit of Texas Bank through its wholly-owned subsidiary, Spirit of Texas Bank, provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Spirit of Texas Bank has 29 locations in the Houston, Dallas/Fort Worth, Bryan/College Station, San Antonio-New Braunfels and Corpus Christi metropolitan areas, along with offices in North Central Texas. Spirit of Texas Bank was founded in 2008 and is based in Conroe, Texas.


M&A Summary

Buy vs Sell

Year ≤ '14 '15 '16 '17 '18 '19 T
Buy (0.4/yr) # 1 - - - 1 1 3
vol $64M $66M $129M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Chandler Bancorp, Inc. 2019-07-24 66M USD Merger
Chandler, Texas · www.mybankcsb.com
The First National Bank of Beeville 2018-11-27 64M USD Add-on Acquisition
Beeville, Texas · www.fnbsotx.com
Oasis Bank 2012-11-30 - Add-on Acquisition
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (100%) 129M (100%) - -
Total 3 $129M - -

By Geo

State/Country Buy Value Sell Value
United States 3 129M - -
  Texas 3 129M - -
Total 3 $129M - -

Top M&A Advisors

Legal Deals
Hunton & Williams LLP
 2

Deal Values

buy # Total
< $100M 2 $129M
TOTAL $129M
Largest Chandler Bancorp, Inc.
$66M (2019-07-24)

Company Summary

SECTOR

Financial Services

Revenue

128   3% 2021
125   36% 2020
92   59% 2019
58   21% 2018
48   2017
(millions of USD) Show More Show Less

Established

2008

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