M&A Deal Summary

Veritex Community Bank Acquires Green Bank

On July 24, 2018, Veritex Community Bank acquired financial services company Green Bank

Acquisition Highlights
  • This is Veritex Community Bank’s 4th transaction in the Financial Services sector.
  • This is Veritex Community Bank’s 4th transaction in the United States.
  • This is Veritex Community Bank’s 3rd transaction in Texas.

M&A Deal Summary
Date 2018-07-24
Target Green Bank
Sector Financial Services
Buyer(s) Veritex Community Bank
Deal Type Merger
Advisor(s) Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Green Bank

Houston, Texas, United States
Green Bancorp is a bank holding company that operates Green Bank primarily in the Houston and Dallas metropolitan areas. Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

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Buyer(S) 1

Buyer

Veritex Community Bank

Dallas, Texas, United States
Category Company
Founded 2009
Sector Financial Services
Employees820
Revenue 449M USD (2023)
DESCRIPTION

Veritex Community Bank is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas metropolitan area. Veritex Community Bank (www.veritexbank.com) is a Texas state-chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. Veritex Community Bank was founded in 2009 and is based in Dallas, Texas.

DEAL STATS #
Overall 4 of 6
Sector (Financial Services) 4 of 6
Type (Merger) 1 of 1
State (Texas) 3 of 3
Country (United States) 4 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Liberty Bancshares

Fort Worth, Texas, United States

Liberty Bancshares, Inc. (LBI) through Liberty Bank, operates five full service banking locations in Fort Worth and the surrounding Tarrant County. As of June 30, 2017, LBI, on a consolidated basis, reported total assets of $459.3 million, total deposits of $389.4 million, and total equity capital of $48.1 million.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 North Avenue Capital

Ponte Vedra, Florida, United States

North Avenue Capital is a regulated, non-depository government-guaranteed lender. NAC originates and services loans exclusively through the USDA B& I guaranteed loan program within the USDA Rural Development Program. North Avenue Capital was established in 2015 and is based in Ponte Vedra, Florida.

Buy $58M
Mergr

Product

Company

Legal