Veritex Holdings Completes Austin Branch Office Sales


DALLAS, Jan. 03, 2018 (GLOBE NEWSWIRE) -- 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 branches located in the Austin, Texas area on January 1, 2018 to Horizon Bank, SSB. The transaction includes the sale of an estimated $26 million of loans, $64 million of deposits with a 3% purchase premium, and $3 million of other certain assets.

After the sale of the Austin branches, Veritex will operate nineteen branches and a mortgage office in the Dallas-Fort Worth metroplex and one branch in the Houston metropolitan area. 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.

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