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It took more than year for ViewPoint Financial and LegacyTexas to complete a transformational merger near Dallas. The company, which took the seller's name, is now trying to meet its targets in the face of plummeting oil prices.
January 13 -
Community Bank Holdings of Texas in Corsicana has agreed to buy StarBanc Holding in Fort Worth.
October 13 -
The $3.4 billion-asset company plans to use the proceeds for general corporate purposes, possible acquisitions and capital investments in Bridgehampton National Bank.
September 16
LegacyTexas Financial Group in Plano will issue $75 million in subordinated debt for potential acquisitions and other uses.
The $6.9 billion-asset company plans to use the proceeds for general corporate purposes and regulatory capital investments in its LegacyTexas Bank unit, as well as possible purchases, according to a Wednesday news release.
The notes will mature in 2025 carry a fixed rate of 5.5% until 2020. Then it will switch to Libor plus 389 basis points. The offering is set to close Nov. 23.
Sandler O'Neill and U.S. Bancorp Investments are lead underwriters. Wachtell, Lipton, Rosen & Katz and Silver, Freedman, Taff & Tiernan are legal counsel to LegacyTexas.