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New Deal


Announced

Completed

Southwest Bancshares completed the merger with Capitol of Texas Bancshares and Texas Hill Country Bancshares.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Acquisition

Friendly

Merger

United States

Banks

Majority

bank holding company

Completed

Domestic

Synopsis

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Southwest Bancshares, the bank holding company for The Bank of San Antonio, completed the merger with Capitol of Texas Bancshares, the bank holding company for The Bank of Austin, and Texas Hill Country Bancshares, the bank holding company for Texas Hill Country Bank. Financial terms were not disclosed. “With this merger, we have created a Central Texas banking franchise that is unique in its ability to serve three rapidly growing markets – San Antonio, Austin and the Texas Hill Country – with personal service and independent decision-making for local businesses. We have a tight regional focus that will drive growth and increased profitability,” J. Bruce Bugg Jr., Southwest Bancshares Chairman, President and CEO.

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