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New Deal


Announced

Texas Regional Bank to acquire Estrada Hinojosa.

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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Majority

Friendly

investment banking

Investment Banking

United States

Acquisition

Domestic

Private

Pending

Single Bidder

Synopsis

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Texas Regional Bank, a banking services provider, agreed to acquire Estrada Hinojosa, an investment banking company. Financial terms were not disclosed. "This is an exciting and well-matched partnership that will expand our services to Capital Markets and further complement our commercial banking franchise. With the addition of Estrada Hinojosa and the capital of TRB, we can offer a full suite of financial solutions to public entities of all sizes," Michael Scaief, Texas Regional Bank Chairman and CEO.

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