Veritex Holdings, Inc. Announces Completion of Austin Branch Sale
May 15 2019 - 5:30PM
Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or the "Company”),
the parent holding company of Veritex Community Bank, today
announced that Veritex Community Bank completed the sale of its
leased branch located in the Austin, Texas area on May 10, 2019 to
Keystone Bank, N.A. The transaction also included the sale of an
estimated $54.1 million of loans at par and $51.5 million of
deposits at a 7.7% purchase premium.
After the sale of the Austin branch, Veritex
will operate 28 branches and one mortgage office in the Dallas-Fort
Worth metroplex, thirteen branches in the Houston metropolitan area
and one branch in Louisville, Kentucky. 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.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. The forward-looking statements include
statements regarding Veritex's projected plans and objectives.
Forward-looking statements are typically identified by words such
as “believe,” “expect,” “anticipate,” “intend,” “target,”
“estimate,” “continue,” “positions,” “prospects” or “potential,” by
future conditional verbs such as “will,” “would,” “should,” “could”
or “may,” or by variations of such words or by similar expressions.
These forward-looking statements are subject to numerous
assumptions, risks and uncertainties which change over time.
Forward-looking statements speak only as of the date they are made
and Veritex assumes no duty to update or revise any forward-looking
statements, whether as a result of new information, future
developments or otherwise.
Source: Veritex Holdings, Inc.
Media Contact:
LaVonda Renfro
972-349-6200
lrenfro@veritexbank.com
Investor Relations:
Susan Caudle
972-349-6200
scaudle@veritexbank.com
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