Green Bancorp, Inc.’s merger with Veritex Holdings, Inc.

Stephens Inc. served as financial advisor to Veritex and Keefe, Bruyette & Woods, A Stifel Company, provided a fairness opinion to Veritex. Covington & Burling LLP served as Veritex’s legal advisor. Goldman Sachs & Co. served as financial advisor to Green. Skadden, Arps, Slate, Meagher & Flom LLP served as Green’s legal advisor. Fried Frank acted as counsel to Goldman Sachs as financial advisor to Green Bancorp, Inc.

Veritex Holdings, Inc. (NASDAQ:VBTX), the parent holding company for Veritex Community Bank, and Green Bancorp, Inc. (NASDAQ:GNBC), the parent holding company for Green Bank, N.A., have entered into a definitive agreement pursuant to which Green and Green Bank, N.A. will merge with and into Veritex and Veritex Community Bank, respectively.

The transaction will create a leading Texas community bank, with 43 branches across Texas, ranking as the tenth largest Texas-based banking institution by deposit market share. The combined franchise would have approximately $7.5 billion in assets, $5.6 billion in loans and $5.9 billion in deposits, based on the companies’ balance sheets as of June 30, 2018.

Fried Frank acted as counsel to Goldman Sachs as financial advisor to Green Bancorp, Inc. with a team including Philip Richter (Picture), corporate special counsel Brian A. Blitz and corporate associate Arielle D. Matza.

 

Involved fees earner: Philip Richter – Fried Frank Harris Shriver & Jacobson; Brian Blitz – Fried Frank Harris Shriver & Jacobson; Arielle Matza – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Goldman, Sachs & Co.;

 

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Author: Ambrogio Visconti