Daily News: January 3, 2019

Veritex Community Bank Completes Acquisition of Green Bank

Veritex Holdings, the holding company for Veritex Community Bank, completed its acquisition of Houston-based Green Bancorp and its subsidiary Green Bank, effective January 1, 2019.

This is Veritex’s seventh acquisition in its eight-year history, making it one of the ten largest banks headquartered in Texas. Veritex Bank now has 43 full-service branch locations in Texas, with a concentration in the DFW and Houston metroplexes.

With the additions of Green Bank, the combined company will have approximately $8 billion in assets.

“Our vision for Veritex Community Bank is to continue to build the highest quality community-focused business bank in Texas. The acquisition of Green aligns with our vision to acquire highly-profitable, quality Texas banks with talented management teams,” said Veritex Chairman and CEO C. Malcolm Holland. “This acquisition more than doubles our size in terms of employees, assets and branch locations and enhances our value proposition to be the bank of choice for businesses in our markets.”

Founded in 2010, Veritex Community Bank specializes in providing depository and credit services to retail and small- to mid-size businesses.